China Medical System aims to raise $129 million from Hong Kong IPO

The Chinese online fashion giant, which is targeting a $27bn valuation, has a presence in 160 countries.

James Garforth joins the asset manager as principal, Asia direct lending, from BGH Capital.

Dr. Wenbin Wang, chairman of ICBC International, discusses three fundamental structural drivers helping drive the stock market's recent revival, including attracting innovative Chinese firms and the rise of dual listings.

The HK$20bn issuance, denominated in multiple currencies, is a global record for the largest digital bond.

The broker's frozen client accounts are held by an entity suspected to be involved in a fraudulent scheme to create a false or artificial appearance of demand for shares in an IPO, the SFC said.

The securities firm plans further tokenised issuances in 2027 as it looks to expand institutional distribution and develop digital settlement capabilities.