Toymakers build fun Hong Kong stocks a playground
Hong Kong's long-dormant animal spirits have found a fun niche in an otherwise gloomy market. Shares in Chinese toymaker Bloks surged 82% on their Friday debut, thanks to overwhelming demand in the city.
Transformers toymaker Bloks to debut in Hong Kong after IPO frenzy
HONG KONG – Shares of Bloks Group, the popular Chinese maker of Ultraman and Transformers figurines, will begin trading in Hong Kong on Jan 10 after its US$215 million initial public offering drew overwhelming demand from individual investors.
Ultraman toymaker becomes a billionaire after frenzied Hong Kong IPO
THE frenzy over a toymaker’s Hong Kong initial public offering has created a new billionaire. Read more at The Business Times.
Chinese toy maker Bloks jumps in Hong Kong debut
Shares of Chinese toy maker Bloks Group were set to open 81.6% higher from the initial public offering (IPO) price in Hong Kong debut on Friday. The stocks were set to open at HK$109.60 each in their debut as compared with an IPO price of HK$60.
Chinese Toy Entrepreneur Zhu Becomes Billionaire After Frenzied IPO
The company’s shares jumped as much as 82% from their IPO price in their first trading day Friday, before paring some of the gains to end 54% higher as of 11:30 a.m. Zhu left Chinese gaming company Yoozoo Information Technology almost a decade ago to establish his own toy company.
Toymaker Bloks surges 82% in Hong Kong debut after sizzling IPO reception
Demand from Hong Kong retail investors was 6,000 times more than the amount of shares allocated to them, the second highest on record.
Hong Kong sees no need to change US dollar-pegged currency system
Hong Kong has no intention and sees no need to change the system that pegs the city's currency in a tight band to the U.S.
Hong Kong Airport Raises $7 Billion in Multi-Currency Bond Sales
The Airport Authority of Hong Kong sold around $7 billion of bonds in three currencies over the course of the week, in one of ...
International Monetary Fund3h
People’s Republic of China—Hong Kong Special Administrative Region: Staff Concluding Statement of the 2024 Article IV Mission
Hong Kong SAR’s economy is on a path of gradual but uneven recovery after a protracted period of shocks. With continued economic slack and external and domestic headwinds, policies should be geared ...
Hong Kong airport makes history raising $7 billion in bonds issue
Airport Authority Hong Kong raised $7 billion this week by issuing bonds in three currencies - the largest ever public ...
Venchi Expansion Drive Brings Taste Of Italy To Hong Kong Airport
The new store is expected to be a blueprint for other airport units as Venchi builds out its travel retail estate globally.
Hong Kong’s Cabbies, Long Scorned and Frustrated, Face the End of an Era
A government push to modernize taxi services comes up against the habits of drivers known for driving fast and accepting only ...
Developer Sunac China gets liquidation petition, Hong Kong judiciary website shows
A liquidation petition has been filed against indebted property developer Sunac China, the Hong Kong judiciary's website ...
BroadwayWorld19h
Hong Kong Philharmonic Reveals January 2025 Lineup
The Hong Kong Philharmonic Orchestra will perform a series of concerts in January 2025. Learn more about the full lineup of ...
The Washington Post13d
Hundreds gathered in Hong Kong for the city's first pyrotechnics drone show
HONG KONG — Hundreds gathered in Hong Kong on Saturday to watch the city’s first pyrotechnics drone show, as part of a ...
IMF Turns Less Upbeat on Hong Kong Growth With 2025 Forecast Cut
The International Monetary Fund lowered its forecast for Hong Kong’s economic growth this year and warned of the risks Asia’s ...