Mia Castagnone

Jan 8, 2025 | scmp.com | Cannix Yau |Mia Castagnone

Hong Kong’s finance chief has pitched the city’s strengths as a capital-raising centre during a charm offensive in Indonesia, but one business lobbying group has warned some firms remain wary of making a commitment due to their unfamiliarity with the financial hub.

Jan 3, 2025 | scmp.com | Zhang Shidong |Mia Castagnone

The global investment community is cautious about the outlook for Chinese stocks after a series of policy disappointments last year, with stimulus implementation high on investor agendas as they keep an eye on Beijing’s resolve to spur growth. Investment banks from Morgan Stanley to UBS Group expect considerable stock market volatility. They want Beijing to be more transparent and offer clarity on policies to contend with deflation, potential new US tariffs and a downturn in the property market.

Dec 30, 2024 | scmp.com | Mia Castagnone |Enoch Yiu

After a satisfying year for investment bankers in Hong Kong, who helped lift the city back into the top 10 ranking in initial public offerings (IPOs) worldwide, the new year could be merrier as Hong Kong Exchanges and Clearing (HKEX) prepares for more market debutants. Companies and investors raised US$11 billion from 64 first-time stock offerings on the main board, according to data compiled by the London Stock Exchange Group, making it the fifth busiest IPO venue.

Dec 29, 2024 | scmp.com | Enoch Yiu |Mia Castagnone

Hong Kong’s plan to expand tax concessions for single-family offices, along with the rapid growth in the number of wealthy people in China and Asia, will elevate the city’s status as a hub for such investment vehicles, bankers say. In his policy address in October, Chief Executive John Lee Ka-chiu pledged to expand tax concessions for single-family offices. The expansion plan is now being consulted with industry players before a change in law is made.

Dec 11, 2024 | scmp.com | Mia Castagnone |Zhang Shidong

Shanghai-listed Foshan Haitian Flavoring & Food, the biggest listed condiment maker in mainland China, is seeking a dual listing in Hong Kong that could raise as much as HK$1.5 billion (US$193 million). The soy sauce maker said in a filing to the Shanghai Stock Exchange on Thursday that its board had approved plans to raise funds for its global expansion. The proceeds can help promote the brand globally and “enhance the international brand image and competitiveness”, the statement said.