The Wang ReportFinance
Hong Kong money, markets and the regulators who police them.
Rachel Lam · Wednesday 28 October · 19 h ago
Hong Kong IPO losses and a postponed listing temper record fundraising
Eight of 14 recent listings fell on debut, while Slender West Lake postponed its October 23 offering timetable, citing factors including market conditions.
Hong Kong money, 30 days closing values
Hang Sengday -0.5% · month -6.3%23,095
USD/HKDpeg band 7.75 to 7.85; at the weak side7.8446
1-month HIBOR-20 bp in a month · overnight 2.39%2.71%
Aggregate balancebanks' cash at the HKMA · -0.0 bn in a monthHK$54.0bn
Hang Seng: index points. USD/HKD: the peg's band drawn as two lines. HIBOR: what banks charge each other, the rate mortgages follow. Aggregate balance: a falling figure means money leaving and rates rising. Sources: Yahoo Finance, HKMA.
Latest
- UBS Chief Signals Possible Swiss Exit Over Capital DemandsMorningstar · 23 h
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- SFC issues guidance to support enhancements to Hong Kong’s retail fund regimeSFC · 10 h
- Tech stocks soar pushing regional bourses higherRTHK Finance · 12 h
- HKEX Expands Integrated Fund Platform with Launch of Platform and Nominee ServicesHKEX · 17 h
3 more headlines
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Earlier from this desk
HKMA raises renminbi repo capacity 10% as bond bids exceed supplyRachel Lam · Monday 26 October
Taste Gourmet’s Main Board bid is tied to SFC market manipulation proceedingsRachel Lam · Saturday 24 October
Hang Seng falls 3% as HIBOR sets the borrowing bill for financed holdingsRachel Lam · Friday 23 OctoberEverything on this desk, in full: the Board