Displaying items by tag: capital markets

In early April, China's Starbucks rival Luckin Coffee was revealed to be a paper tiger. The company that was supposedly giving the U.S. coffee giant a run for its money in the world's largest consumer market had literally fabricated its success. To be sure, Luckin's 4,500 China stores - exceeding Starbucks' 4292 - were no mirage. But the company's sales figures were bogus. On April 2, Luckin publicized the results of an internal investigation showing RMB2.2 billion (US $311 million) in fraudulent sales from the second to the fourth quarter of 2019.

Hong Kong's IPO market was expected to be one of the world's best performing this year, attracting Chinese firms eager to raise capital internationally. Whereas such firms may have preferred listing on the NYSE or Nasdaq in years past, tensions in the U.S.-China relationship have caused many of them to reconsider.

Then the novel coronavirus broke out, sapping the steady momentum that had been building in Hong Kong's capital markets since Alibaba's mammoth secondary share listing in November 2019. Artificial intelligence startup SenseTime is the latest major Chinese tech firm to put off a planned Hong Kong IPO this year. SenseTime will instead seek up to US$1 billion in private funding.

Can Shanghai’s new NASDAQ-style exchange really become a NASDAQ and can Shanghai become New York?

On April 29th, the CSRC (China Security Regulatory Committee) officially released the Administrative Measures for Foreign-Invested Securities Companies.

In the venture capital industry, a ‘unicorn’ refers to any technology start-up company which has reached a valuation of over USD $1 billion, as determined by private or public investment. The term was devised by venture capitalist Aileen Lee, founder of CowboyVC, a venture capital fund based in Palo Alto. She discovered that only 0.07% of software start-ups founded in the 2000s would ever reach a $1bn valuation, thereby being as rare as finding a unicorn.

The equity market cross-connects between Hong Kong and Shanghai, and Hong Kong and Shenzhen have begun to show signs of growing maturity.

Bitcoin and blockchain technology has raised the specter of dis-intermediation for the leading global banks in the last few years.

Published in Blockchain Research

Anti-money laundering activities are taking the center stage in Indian financial markets. The recent crackdown on shell companies, and brokerages helping them, by the Securities and Exchange Board of India (SEBI) is part of a concerted effort by the Government to clean up the financial markets in India.

The Chinese bond markets are becoming more accessible through regulatory initiatives and greater foreign investor participation.

The Bombay Stock Exchange (BSE) is the oldest stock exchange in Asia, having been founded in 1875. However, in recent years, it has become the number two equity exchange in India, after the National Stock Exchange (NSE).

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