Latest news with #JamesWang
Yahoo
a day ago
- Business
- Yahoo
$26.5B IPO Frenzy: Why Global Money Is Suddenly Flooding Into Hong Kong
Hong Kong's equity markets are finally waking upand the numbers speak for themselves. IPO and follow-on deal volume has surged to $26.5 billion so far in 2025, up from just $3.8 billion a year ago. That's the highest total since 2021. Chinese giants are fueling the revival. CATL led with a $5 billion listing in Maynow trading 18% above its Shenzhen counterpart. Xiaomi (XIACY) and BYD (BYDDF) chipped in with more than $11 billion in fresh equity earlier this year. A Hong Kong listing for Shein could be next. For a city that's spent the past few years on the sidelines, this could be the inflection point. Warning! GuruFocus has detected 3 Warning Signs with XIACY. What's driving it? A mix of geopolitics, valuations, and capital rotation. With U.S.-China tensions intensifying, Chinese firms appear to be shifting their fundraising back homeor at least closer to it. There's a broader rebalancing happening in global capital, said James Wang of Goldman Sachs. That shift isn't just about avoiding scrutiny. Investors are also hunting for upside in places where valuations still look attractive. Hong Kong, after years of underperformance, is finally back on the radar. And the momentum is real enough that Morgan Stanley's Cathy Zhang is advising clients to move now while the window's open. Still, it won't be a smooth ride. As Shi Qi at China International Capital Corp. pointed out, this isn't a market rally you can sleepwalk through. But the ingredients are lining up: successful debuts, valuation premiums over mainland shares, and more regulatory support. Pharma name Jiangsu Hengrui briefly traded above its A-shares on debutsomething we haven't seen often. If this continues, more mainland-listed firms may pivot to Hong Kong for their next raise. And for investors, it's a rare chance to front-run a shift that could reshape Asia's capital markets in 2025 and beyond. This article first appeared on GuruFocus.
Yahoo
a day ago
- Business
- Yahoo
$26.5B IPO Frenzy: Why Global Money Is Suddenly Flooding Into Hong Kong
Hong Kong's equity markets are finally waking upand the numbers speak for themselves. IPO and follow-on deal volume has surged to $26.5 billion so far in 2025, up from just $3.8 billion a year ago. That's the highest total since 2021. Chinese giants are fueling the revival. CATL led with a $5 billion listing in Maynow trading 18% above its Shenzhen counterpart. Xiaomi (XIACY) and BYD (BYDDF) chipped in with more than $11 billion in fresh equity earlier this year. A Hong Kong listing for Shein could be next. For a city that's spent the past few years on the sidelines, this could be the inflection point. Warning! GuruFocus has detected 3 Warning Signs with XIACY. What's driving it? A mix of geopolitics, valuations, and capital rotation. With U.S.-China tensions intensifying, Chinese firms appear to be shifting their fundraising back homeor at least closer to it. There's a broader rebalancing happening in global capital, said James Wang of Goldman Sachs. That shift isn't just about avoiding scrutiny. Investors are also hunting for upside in places where valuations still look attractive. Hong Kong, after years of underperformance, is finally back on the radar. And the momentum is real enough that Morgan Stanley's Cathy Zhang is advising clients to move now while the window's open. Still, it won't be a smooth ride. As Shi Qi at China International Capital Corp. pointed out, this isn't a market rally you can sleepwalk through. But the ingredients are lining up: successful debuts, valuation premiums over mainland shares, and more regulatory support. Pharma name Jiangsu Hengrui briefly traded above its A-shares on debutsomething we haven't seen often. If this continues, more mainland-listed firms may pivot to Hong Kong for their next raise. And for investors, it's a rare chance to front-run a shift that could reshape Asia's capital markets in 2025 and beyond. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Free Malaysia Today
23-05-2025
- Automotive
- Free Malaysia Today
BYD's HK shares hit record premium over onshore stock
BYD's shares gained as much as 4.4% in Hong Kong today. (AP pic) HONG KONG : BYD Co's shares rose to a record high in Hong Kong, expanding their premium over those trading on the mainland to the highest level ever. The shares gained as much as 4.4% in the financial hub, buoyed by positive sentiment surrounding Contemporary Amperex Technology Co's blockbuster debut. The stock is now priced at more than a 5% premium over the Shenzhen-listed shares, after adjusting for currency conversion, according to Bloomberg-compiled data. Advances in the electric carmaker's Hong Kong shares underscore growing conviction among foreign investors over the company's prospects, making them a rare standout among dual-listed stocks. Shares listed on the mainland currently trade at around 33% premium to their Hong Kong counterparts, according to the Hang Seng Stock Connect China AH Premium Index. Mainland shares' premium over Hong Kong will remain on an aggregate level, but certain stocks such as BYD and China Merchants Bank Co that are considered 'quality core holdings for foreign investors' have shown discounts, UBS AG strategist James Wang wrote in a note. That's also helped by better liquidity offshore, they added.
Yahoo
23-05-2025
- Business
- Yahoo
BYD's HK Shares Hit Record Premium Over Onshore Stock
(Bloomberg) -- BYD Co.'s shares rose to a record high in Hong Kong, expanding their premium over those trading on the mainland to the highest level ever. NY Private School Pleads for Donors to Stay Open After Declaring Bankruptcy Can Frank Gehry's 'Grand LA' Make Downtown Feel Like a Neighborhood? Chicago's O'Hare Airport Seeks Up to $4.3 Billion of Muni Debt NYC's War on Trash Gets a Glam Squad NJ Transit Makes Deal With Engineers, Ending Three-Day Strike The shares gained as much as 4.4% in the financial hub, buoyed by positive sentiment surrounding Contemporary Amperex Technology Co.'s blockbuster debut. The stock is now priced at more than a 5% premium over the Shenzhen-listed shares, after adjusting for currency conversion, according to Bloomberg-compiled data. Advances in the electric carmaker's Hong Kong shares underscore growing conviction among foreign investors over the company's prospects, making them a rare standout among dual-listed stocks. Shares listed on the mainland currently trade at around 33% premium to their Hong Kong counterparts, according to the Hang Seng Stock Connect China AH Premium Index. Mainland shares' premium over Hong Kong will remain on an aggregate level, but certain stocks such as BYD and China Merchants Bank Co. that are considered 'quality core holdings for foreign investors' have shown discounts, UBS AG strategist James Wang wrote in a note. That's also helped by better liquidity offshore, they added. (Corrects name of index, clarifies explanation of premium in third paragraph in May 21 story.) Why Apple Still Hasn't Cracked AI How Coach Handbags Became a Gen Z Status Symbol Inside the First Stargate AI Data Center Anthropic Is Trying to Win the AI Race Without Losing Its Soul Microsoft's CEO on How AI Will Remake Every Company, Including His ©2025 Bloomberg L.P. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Recorder
15-05-2025
- Business
- Business Recorder
Financial shares lift China and HK shares
SHANGHAI: China and Hong Kong stocks ended higher on Wednesday, led by financial shares, as analysts said new rules on fund performance evaluation could enhance underweight index components, while investors shifted their focus to tech earnings as US-China trade tensions eased. China's blue-chip CSI300 Index closed up 1.2%, while the Shanghai Composite Index gained 0.9%. Hong Kong benchmark Hang Seng was up 2.3%. Banks and insurance shares led the rally onshore, with the CSI300 Financial Index up 2.2%. Last week, China unveiled mutual fund regulations which require funds to set clear performance benchmarks. Strengthened performance benchmarks may lead mutual funds to increase allocations to index component stocks, reducing style drift and tracking errors, analysts at Huafu Securities said in a note. Bank shares are a key component of the CSI300 Index. Meanwhile, China said on Wednesday it would further enhance capital market support for science and technology innovation enterprises and would expand bank credit support for the firms. Chinese stocks have recovered all their losses, triggered by US President Donald Trump's punitive tariff measures imposed on April 2. 'With the most extreme uncertainties out of the way, we think fundamentals will be a more important driver of share price performances going forward and it is time to dial-up the risk setting,' said UBS strategist James Wang. Wang favored the internet sector and shares traded in Hong Kong over those listed in mainland China. Tencent and Alibaba rose 3.0% and 3.4%, respectively, on Wednesday as investors awaited their earnings due later in the day and on Thursday.
