The Watch-ListFull wire →
HKJC Hits Record HK$331.7b Turnover as Illegal Betting Clouds Outlook
Senate Presses UBS Over Nazi Linked Accounts
AIA Rolls Out Wealth Plan As 23% Of Clients Lack Succession Prep
FWD Moves to Acquire Stake in Mainland China Insurance Broker
ICBC-AXA Life Chairman Lays Out Long-Term Growth Strategy
Manulife Stock Breaks Above 200 Day Line on Strong Q2 Results
GenScript Plans Probio Spin Off Listing On HKEX Main Board
Standard Chartered Becomes First Global Bank To Launch Bitcoin, Ether Trading In UAE
MTR Sues Mall Tenant Opatra Operator Over HK$347,000 Unpaid Rent
SFC Circular Addresses Licensed Corporations, VASPs and Associated Entities Brokers' Forum
Chinese Chipmaker Longsys Prices HK IPO At Steep 44pc Discount To A Shares
Three Arrested At Prince Edward Station On Anniversary Of 2019 Police Incident
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On the Record
OPEN
The $3.5 billion conversion-adjustment payment (roughly $2.2 billion cash plus 19.6 million shares, plus $1.33 billion to Series pre-D/D/D+ holders) will be fixed and disclosed by September 2, 2026, following final IPO pricing on August 31 and trading open on September 1 under ticker 00625
OPEN
Shein will pay the first installment of the $1.1 billion owed to Series pre-D, D and D+ holders by March 31, 2026
OPEN
Hong Kong's carried-interest bill will not reach its second reading debate in LegCo before the end of 2026
OPEN
If mainland Stock Connect money judges Shein's US tariff exposure isn't worth defending, Shein's Hong Kong-listed shares will sell off in the aftermarket on August 28, 2026
OPEN
Hong Kong's next public disclosure on aggregate margin financing will show a material share of Innolight retail margin loans past standard loan-to-value trigger levels
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HKEX will see at least one additional mainland tech company on the Pentagon's Chinese military companies list file for a Hong Kong listing under the new confidential-filing and lowered weighted-voting-right threshold rules within 2026
OPEN
Shein's Hong Kong IPO order book will close (around August 20-28) with cornerstone pricing at or near $30-32 billion, the low end of the $30-40 billion range
OPEN
Shein's Hong Kong IPO will price within the $30 billion to $40 billion valuation range rather than slipping toward the Pre-D through D+ preferred shares' discounted conversion floor.
Calls this desk has made in print, against a named horizon. Each is owned, confirmed, or eaten in print when the horizon arrives.