Futu Holdings Placement - Very Strong Momentum but Previous Deal Did Nothing
Futu Holdings Ltd (FHL US) aims to raise around US$1.7bn to support its margin financing and other businesses. In this note we will talk about the...
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Tencent (700 HK): Fintech Risk Is Lurking
BABA is down 19% since 9 Nov 2020 when the Ant Group IPO was canceled. Fintech business has an even greater impact on Tencent's value. Tencent is...
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China Digital Currency: Leading the Innovation in Financial System
The rising of China Digital Yuan system could be disruptive to financial system. We believe it will lead the changes in payment, risk control, user...
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Meituan Placement - Might Not Do a Tencent but Low-End Looks Enticing
Meituan aims to raise around US$10bn via a combination of an equity placement and convertible bond issuance. In this note, we will run the deal...
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Tencent Holdings – FHC Restructure On Its Way
TENCENT HOLDINGS: Tencent announced a reorganization to its Platform and Content Group (PCG). With Alibaba Holdings (BABA] agreeing to form a...
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