HK Stocks Surge, Local Banks Seek Most Funds in 5 Years

February 19, 2025

Catenaa, Wednesday, February 19, 2025- The increasing demand for Hong Kong (HK) equities has caused local banks to borrow $ 707 million to maintain interbank liquidity on Tuesday, the largest overnight cash amount since 2019. Data compiled by Bloomberg said the Hong Kong Monetary Authority has loaned out HK$ 5.5 billion ($ 707 million) through its so-called […]

long term investors grab most of BYD $ 5.6bn stock offering

March 5, 2025

Catenaa, Tuesday, March 04, 2025– Significant portion of China’s leading electric vehicle maker BYD $ 5.6 billion stock offering has been grabbed by long term investors, Bloomberg reported on Tuesday, displaying confidence in the company.  Quoting people familiar with the matter, the report said “Long-only” funds alone received at least $1.5 billion worth of shares in […]