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SHANGHAI: Chinese investors are pouring into newly-launched mutual funds targeting Ant Group's upcoming initial public offering, underscoring strong demand for technology shares at a time when Chinese tech firms are facing increasing U.S. scrutiny.
BEIJING: Chinese domestic equities are worth more than US$10 trillion for the first time since 2015, when a record crash erased half the market’s value in months and saddled millions of investors with losses.
HONG KONG, Oct 19 (Reuters): Jack Ma's Ant Group of China has received approval from the Chinese securities regulator for the Hong Kong leg of its about $35 billion dual-listing, a person with knowledge of the matter said on Monday.
HONG KONG: Ant Group Co Ltd has received approval from China’s securities regulator for the Hong Kong leg of its US$35bil dual listing.
HONG KONG, Oct 20 (SCMP): China’s super-rich now own a combined fortune of US$4 trillion, more than the GDP of Germany, the world’s fourth-biggest economy, according to the latest Hurun rich list. Ma’s family wealth grows 45 per cent as a stock market boom and tech mega listings lift the fortunes of China’s billionaires by US$1.5 trillion.
HONG KONG/SHANGHAI, Oct 25 (Reuters): China's Ant Group could raise up to US$17.3 billion in the Shanghai leg of the likely US$35 billion dual listing, the world's largest ever, after some large investors submitted bids in the range of 68-69 yuan per share, people with knowledge of the matter said.
HONG KONG (Reuters) - Ant Group Co Ltd on Monday set terms for its dual-listing where the Chinese financial technology giant aims to raise up to US$34.4bil in the world's largest market debut, as investors scramble for a piece of the fast-growing company.
HONG KONG: Ant Group, the parent company of China’s leading mobile-payment business Alipay, announced its initial public offering (IPO) on the Hong Kong stock exchange (HKEX) starting yesterday, and plans to list its shares on Nov 5.
CHEN Wu frantically clicked the order button on his online brokerage account as the clock struck noon.
HONG KONG: Retail investors bid for a record $3 trillion worth of shares in Ant Group Co Ltd's dual listing, in an unprecedented show of interest from mom-and-pop savers betting on demand for its financial technology services in China.