Learn languages naturally with fresh, real content!

tap to translate recording

Explore By Region

flag U.S. banks profit from Chinese firms' Hong Kong IPOs despite U.S.-China tensions, as Hong Kong leads global listings with $23B raised.

flag U.S. banks including Citigroup, Morgan Stanley, JPMorgan Chase, and Goldman Sachs are profiting from helping Chinese firms like BYD and Alibaba raise billions in Hong Kong IPOs, capitalizing on the city’s status as a global financial hub despite U.S.-China tensions. flag Hong Kong’s stock market led the world in new listings through September, raising $23 billion, as Chinese companies seek foreign capital amid domestic competition and U.S. trade barriers. flag While U.S. lawmakers raise national-security concerns over potential sanctions evasion and military ties, banks maintain their presence, citing long-term commitments and regulatory support in China. flag JPMorgan also announced up to $10 billion in investments in U.S. national security-related companies.

3 Articles