Shenzhen SDMC Technology's (HKG:0901) shares opened 100.6% above their initial public offering price in a stellar Hong Kong debut on Wednesday morning.
The Chinese smart home products provider opened at HK$65.80 per share, well above the offer price of HK$32.80.
Viewtrix Technology's (HKG:3310) shares opened 22.4% above their initial public offering price in a strong Hong Kong debut on Wednesday morning.The Chinese AMOLED display driver integrated circuit designer opened at HK$25.48 per share, compared with the offer price of HK$20.81.
The U.S. will ask Americans which Chinese goods deserve lower tariffs, with a public notice to be issued soon, Reuters reported Tuesday, citing Trade Representative Jamieson Greer.Both the U.S. and China agreed on a "Board of Trade" that aims to slash levies on $30 billion in non-strategic goods, according to the report.Greer said U.S. tariffs on China will likely stay higher than others. He added that while there will be no significant reform in China's political system, "some managed trade" is possible, Reuters wrote.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Manulife Financial (HKG:0945, PSE:MFC) priced an offering in Singapore of SG$500 million subordinated notes due June 4, 2036, according to a Wednesday filing with the Hong Kong bourse.The notes will bear interest at a fixed rate of 2.88% until June 4, 2031, and 0.931% plus the then-prevailing five-year SORA OIS rate thereafter until maturity.The debt offering is expected to close on June 4.