HKEX 'to keep refining IPO system for mainland firms'
The chief executive of Hong Kong Exchanges and Clearing (HKEX), Bonnie Chan, said the stock exchange will continue to optimise its listing framework to make it easier for mainland enterprises to list in the city. Speaking on the RTHK programme "On Broadcast Drive", she pointed out that the HKEX plays a crucial role in consolidating and enhancing Hong Kong’s status as an international financial centre while integrating into the nation’s 15th Five-Year Plan. Chan noted that the HKEX has adapted its rules to streamline the initial public offering application process for mainland firms. “For example, with the latest batch of companies we've seen – whether in AI, biotech, or new energy – they often need to invest a substantial amount of resources into research and development," she said. "So when we support their development, we also need to ensure our listing rules are suitable for them. “In the past, companies had to, perhaps more often than not, make profits for three straight years before we allowed them to list. "But in recent years, we have been committed to creating more tailor-made listing chapters.” Chan went on to say that while the HKEX will keep improving stock market liquidity, more resources have been devoted to building...
Read full articleMore News
Clara Wu Tsai, the Billionaire Who Wants Brooklyn to Win
Clara Wu Tsai, a co-owner of the Liberty, is hoping the W.N.B.A. team pulls through tonight. She also has ambitions for the borough beyond more championships.
Trump Sends Obamacare ‘Refund’ Checks Ahead of Midterm Elections
The $500 checks are accompanied by a letter signed by the president that criticizes the Biden administration for overcharging Americans for health insurance.
Burnham promises to curb non-compete rules in job contracts
The prime minister says restrictions on what workers can do after leaving roles have "gone too far".
Whistle-Blower Says I.R.S. Leaked His Tax Records in Retaliation
Brian J. Visalli, a veteran investigator of tax fraud, said in a lawsuit that the agency had sent his personal and tax information to federal prosecutors.
Ex-Deutsche Bank trader jailed for rigging rates has conviction overturned
The Court of Appeal quashes the conviction of Christian Bittar, a former Deutsche Bank trader jailed in 2018.
Highest Mortgage Rates in 3 Years Chills the Housing Market
The average 30-year fixed-rate mortgage rose to 7.4 percent, putting more pressure on Americans struggling to afford to buy a home.
Airlines Are Upgrading Wi-Fi. Not All Are Using Elon Musk’s Service.
Mr. Musk, whose company SpaceX owns Starlink, has attacked the top executive of Delta Air Lines for not selecting the internet provider.
Anthropic bans users from being 'cruel' to its AI systems
The firm said users can no longer engage in "sustained and needless" abusive behaviour towards the tech.
The Fallout From OpenAI’s Revenue Surprise
News that the artificial intelligence giant’s sales weren’t growing as fast as investors had expected added to concerns about the A.I. boom.
Why are there so many sports subscriptions?
Pete Oliver of DAZN explains why the is a growing number of sports subscriptions and why they are getting more expensive.
I've been with my boyfriend for two years and don't know his salary
Talking about salary, spending habits and debt can be some of dating's trickier conversations.
Fired OpenAI researchers say they were let go for 'prioritising safety'
The AI firm instead claims the researchers were fired for mishandling sensitive information.