China International Capital Corporation

New Business

MiniMax, the ‘world-class’ AI start-up lauded by Jensen Huang, applies for Hong Kong IPO

MiniMax, the artificial intelligence (AI) start-up backed by two of China’s largest technology conglomerates, has confidentially applied for a Hong…

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New Business

China’s CXMT eyes IPO amid global memory-chip market upswing

CXMT, the parent of Chinese semiconductor firm ChangXin Memory Technologies, has initiated its initial public offering (IPO) process on the…

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New Business

WeChat and Alipay are China’s ‘comparative advantage’ in stablecoin race: top economist

China already has de facto stablecoins in the form of WeChat Pay and Alipay, a top economist at the country’s…

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New Business

China’s Anjoy Foods eyes Southeast Asia and Europe after Hong Kong listing

Anjoy Foods Group, mainland China’s largest producer of frozen hotpot ingredients, said it plans to expand in overseas markets like…

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New Business

Xpeng-backed Breton, a maker of EV dump trucks, plans US$30 million Hong Kong IPO

Breton Technology, backed by Chinese electric vehicle maker Xpeng, plans to raise HK$234 million (US$30 million) from its Hong Kong…

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New Business

Given prevailing headwinds, Hong Kong has the big opportunity as an offshore yuan hub: CICC

Hong Kong faces an unprecedented opportunity as an offshore hub for the currency, despite what is broadly seen as short-term…

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New Business

JD Industrials, Unisound AI revive Hong Kong IPOs as Chinese listings accelerate

E-commerce giant JD.com’s industrial unit could raise US$500 million to US$1 billion from its third attempt to list in Hong…

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New Business

Country Garden’s 2024 loss narrows amid initial recovery signs in China’s property sector

Country Garden Holdings reported a narrower loss in 2024 as the defaulted property giant seeks to build creditor support for…

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New Business

Chinese EV maker Xiaomi raises US$5.5 billion from share sale to accelerate expansion

Chinese tech firm Xiaomi raised HK$42.5 billion (US$5.5 billion) from a share sale to fund the expansion of its electric…

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New Business

Stop ‘flaunting wealth’, Chinese bankers told in new guidelines

China’s securities association has published new draft guidelines that will penalise companies whose staff flaunt their wealth and privilege, as…

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