CHINEXT IPO
China's xFusion clears key review for $1.2 billion IPO on ChiNext
Chinese AI server maker xFusion Digital Technologies has cleared a key Shenzhen Stock Exchange review for its proposed $1.2 billion ChiNext IPO. However, regulators raised questions about margins, growth sustainability, customer concentration and technology capabilities.
Global market: Mainland China stocks slip as metal shares drop, investors await Jackson Hole cues
Mainland Chinese stocks declined, led by non-ferrous metals, amid Middle East tensions and caution ahead of Jackson Hole. Investors await Fed Chair Kevin Warsh’s remarks for policy clues, while Hong Kong equities also fell. Unitree’s sharp post-IPO decline raised valuation concerns, though Morgan Stanley expects potential catalysts from September.
Global Market: China, Hong Kong stocks fall as liquidity tightens ahead of Unitree IPO
Chinese and Hong Kong stocks declined Friday as tightening liquidity, cautious positioning ahead of corporate earnings and property-sector weakness weighed on sentiment. The CSI300 fell 0.1%, Shanghai Composite 0.2%, and Hang Seng 0.9%. Hong Kong technology stocks dropped sharply, led by JD.com, while concerns over cross-border taxation and weak domestic demand further pressured markets.
Global Market: Mainland Chinese stocks mixed, Hong Kong shares slip as Iran conflict weighs on sentiment
Chinese stocks traded mixed and Hong Kong shares edged lower as investors weighed fading hopes of a US-Iran peace deal and its impact on oil prices. Crude stayed near one-week highs amid Strait of Hormuz disruptions, fuelling concerns over global supplies and inflation.
What is Unitree and why are China's humanoid robot makers racing to list?
Its G1, H1 and R1 humanoids have gone on to attract global attention through viral demonstrations showing them running, dancing and performing martial arts. The company competes with Tesla, Boston Dynamics and a growing field of Chinese startups seeking to build machines that can eventually work in factories and homes.
Global Market: China, Hong Kong stocks slide as oil surge fuels inflation concerns
Asian markets saw declines in China and Hong Kong equities on Friday. Crude oil prices surged above $100 a barrel, intensifying inflation worries. Investors remained cautious due to geopolitical risks and upcoming large IPOs. Technology shares received some support from policy expectations. Rising energy costs and liquidity pressures will influence markets near term.
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China’s $11 trillion stock market is a headache for both Xi and Trump
At the heart of why consumers in China save so much and spend so little, and why Xi Jinping and Donald Trump will struggle to change that behavior even if they want to, lies the country’s stock market.
Can India’s SME Exchanges catalyse a K-shaped economic revolution?
India's SME exchanges, BSE SME and NSE Emerge, are emerging as crucial engines for economic growth, facilitating numerous IPOs and delivering impressive returns. Despite structural inefficiencies like liquidity challenges and regulatory burdens, these platforms are vital for democratizing capital and fueling innovation, particularly in high-growth sectors.
China IPO applications fall by third in first half of 2023
The number of Chinese initial public offering (IPO) applications has fallen by a third in H1 2023 compared to a year earlier, as a slowing economy, earnings volatility and increased regulatory scrutiny deterred candidates. Over 100 applicants ended their IPO applications during H1; most did so voluntarily. Although total proceeds raised on China's IPO market declined from 2022, it still led globally; Shanghai's STAR Market was the top venue, where firms raised $10.6bn via IPOs in the first half, Syngenta had received a green light to raise $9bn, and Hua Hong Semiconductor Ltd was approved for a share sale worth $2.5bn.
China's first batch of bluechips under new IPO system surge in debut
The listing of the 10 companies on the main boards in Shanghai and Shenzhen marks the full roll-out of China's U.S.-style IPO mechanism, designed to make public share sales more market oriented. The system had already been adopted by Shanghai's tech-focused STAR Market, Shenzhen's start-up board ChiNext and the Beijing Stock Exchange for small companies
Trading kicks off on Beijing Stock Exchange, 10 stocks surge
Performance was mixed for the other 71 stocks, which were transferred to the new bourse from the 'select tier' of Beijing's over-the-counter New Third Board.
India accounts for nearly 3% of global IPO proceeds worth $330.6 bn in Jan-Sep
In terms of the number of initial public offerings (IPOs) during the 2021 January-September period, India's count was 72 which is 4.4 per cent of the total IPOs during the same period, according to a report from leading consultancy EY. Globally, there were 1,635 IPOs during the January-September 2021 period. The report showed that the US topped the list in terms of IPO proceeds at stock exchanges NASDAQ and NYSE, followed by China's Shanghai (SSE and STAR), and Hong Kong (HKEx and GEM).
China stocks end lower as economic slowdown worries bite
At the close, the Shanghai Composite index was down 0.43% at 3,581.73 points, while China's blue-chip CSI300 index fell 0.54% to 4,843.06 points.
Chinese tech startups pull IPO plans as Beijing tightens scrutiny
Over 100 companies have voluntarily withdrawn applications to list on Shanghai's STAR Market and Shenzhen's ChiNext since Ant's termination of its initial public offering (IPO) in November, according to Reuters review of exchange filings.
Massive first day IPO gains evoke 'bubble' risk in Asian capital markets
Valuations rose by 100 per cent in 150 of Asia's IPOs this year, far outpacing the rest of the world where only 57 new deals achieved similar gains, according to Dealogic data.
China shares end higher on gains in consumer, healthcare stocks
The smaller Shenzhen index ended up 0.89%，the start-up board ChiNext Composite index increased 0.74%, and Shanghai's tech-focused STAR50 index jumped 1.47%.
China stocks climb on upbeat economic data, listings momentum
Stocks clung on to a momentum this week that was fuelled by upbeat data showing improving industrial profits and a surge in the start-up Chinext board.
China stocks end higher as new start-up listings surge on reforms cheer
The blue-chip CSI300 index rose 0.8% to 4,755.85, while the Shanghai Composite Index added 0.2%to 3,385.64.
China stocks end week higher; techs retreat ahead of reform measures
The blue-chip CSI300 index rose 0.9%, to 4,718.84, while the Shanghai Composite Index added 0.5% to 3,380.68.
China stocks end lower on profit-taking in high-value healthcare and tech stocks
At the close, the Shanghai Composite index was down 1.24% at 3,408.13. The blue-chip CSI300 index was down 1.5%, with its financial sector sub-index lower by 1.63%, the consumer staples sector down 0.41%, the real estate index down 1.33%.
China stocks snap uptrend as consulate closure sets stage for profit taking
The Shanghai Composite Index fell 0.2% to 3,325.11 and the blue-chip CSI300 index was pretty much flat
China's startup board index hits 4-1/2-year high on fresh reforms
The start-up board ChiNext Composite index climbed 1.01 per cent, its highest since Jan. 7, 2016.
China to revamp benchmark equity index, STAR as pursues growth
Red-chip stocks are those incorporated outside mainland China but listed on Chinese bourses.
China stocks end higher as Beijing pledges reforms, liquidity
At the close, the Shanghai Composite index was up 0.12 per cent at 2,939.32, while the blue-chip CSI300 index was up 0.67 per cent.
Shanghai shares fall before earnings; blue-chips, start-ups climb on reform
The blue-chip CSI300 index added 0.7 per cent, with its financial sector sub-index higher by 0.9 per cent.
China's 'mini-IPO' reform takes on new virus urgency
Beijing is stepping up plans for a new 'mini-IPO" market to help the country's army of small companies access capital quickly.
The 57%-a-year Chinese stock trade that regulators want to stop
Private firms often purchase a public “shell” to take over its listing hoping they’ll turn into targets of reverse mergers. Such deals are popular in China.
Five reasons why Shanghai Composite cracked 7% today, is down 19% in 9 days
China's valuations have gone from being one of the cheapest markets in the world to one of the more expensive markets in the world, says Credit Suisse.
Do startups need a separate exchange?
Change in the regulatory framework that heralds Nasdaq equivalent in India can be quicker if we understand the tech 2.0 business models.
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