Hong Kong regulator to penalise wayward IPO sponsors after UBS ban


The Securities Commission is seeking a range of penalties, including monetary fines, and will announce more results of its investigation in the next six months.

China’s news app Qu Toutiao said to mull U.S. IPO at $3b valuation

Qu Toutiao has no connection to the more popular Jinri Toutiao run by Beijing ByteDance Technology Co.

China: Tiantu Capital, Zhou Hei Ye to set up $475m investment fund

The fund will mainly invest in the consumer industry and focus on market opportunities in the consumption upgrade and new retail field.

Leshi chairman Hongbin resigns after just eight months in office

After only eight months as chairman, Sun Hongbin, also chairman of Leshi’s second largest shareholder Sunac China Holdings Ltd, has decided to leave.

Noble signs restructuring deal with senior creditors, slashing debt

The ad hoc group of creditors that signed a binding restructuring support agreement represents 46 percent of the senior debt.

Ant Financial enters Pakistan by acquiring 45% in Telenor unit for $184.5m

About 100 million adults in Pakistan don’t have access to financial services.

China’s HNA to exit Hilton Grand investment in restructuring drive

The sale is the latest attempt by HNA to restructure its far-flung operations and raise cash by selling equity and prime real estate assets.

China’s sovereign wealth fund exits Blackstone investment

CIC’s exit from Blackstone comes amid growing trade tensions between Beijing and Washington since President Donald Trump took office just over a year ago.

UBS’ Yu to manage HK wealth, Jungle Ventures adds partner, TH Real Estate names CIO

Johnny Yu, nicknamed “King of Warrants”, has been appointed desk head of UBS Group’s wealth management unit in Hong Kong.

Exclusive: China’s Shangri-La Beer raising $31.6m Series B to accelerate growth

Shangri-La Beer plans to use proceeds from the funding round to roll out over 100 brewpubs across China and export its beers internationally.