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HONG KONG -- Stagnant initial public offerings and geopolitical tensions have created a challenging venture capital environment in China, forcing companies and investors to look elsewhere for opportunities.
HONG KONG -- QuantumPharm, a Chinese AI-driven drug research company known as XtalPi and backed by Tencent, began trading in Hong Kong on Thursday.
HONG KONG -- Hong Kong has become the first city outside mainland China to allow local residents to open digital wallets with e-CNY, or digital yuan, marking another step in the internationalization of China's digital currency.
HONG KONG -- Sichuan Baicha Baidao, a Chinese low-priced tea chain also known as ChaPanda, made a disappointing debut on the Hong Kong market on Tuesday, casting a shadow on authorities' hopes for revitalizing initial public offering activity.
HONG KONG -- A slowdown in China's initial public offering market is expected to persist through the year, forecasts show, as tighter regulations kick in.