OPay makes 11th-hour suspension of its New York IPO
Payment services provider OPay Ltd. (OPAY.US) made an 11th-hour suspension of its $300 million New York IPO that was set to debut on Friday, in response to a regulatory inquiry…
Market volatility takes bite out of China Galaxy’s profit
Securities brokerage China Galaxy Securities Co. Ltd. (6881.HK; 601881.SH) said on Thursday its revenue fell 36.5% to 5.72 billion yuan ($858 million) in the third quarter, as its profit also…
High Templar’s revenue plunges as search for new business continues
High Templar Tech Ltd. (HTT.US), a former Chinese fintech lender now in search of a new business model, on Wednesday reported its revenue plunged 73% to just 8 million yuan…
Yiren Digital names acting head after chairman falls under criminal investigation
Fintech lender Yiren Digital Ltd. (YRD.US) on Tuesday named a new acting CEO, a day after disclosing that its Chairman and CEO Tang Ning was subject to a criminal investigation…
FWD to acquire 25% of Richard Li-backed insurer for $20.72 million
Insurer FWD Group Holdings Ltd. (1828.HK) said on Monday that it has agreed to acquire 25% of Bolttech Insurance (Hong Kong) Com Ltd. for a base consideration of $20.72 million.…
Hong Kong securities industry posts $6.58 billion first-half profit on record transactions
The Hong Kong securities industry posted a net profit of HK$51.7 billion ($6.59 billion) in the first half of 2026, up 21% from the second half of last year, the…
Citic Securities sets the stage for leadership transition
Leading brokerage Citic Securities Co. Ltd. (6030.HK; 600030.SH) has set the stage for a leadership transition that will see the retirement of veteran Chairman Zhang Youjun, financial media Caixin reported…
