Hong Kong insurer and bank shares fell sharply on August 6 after signs that China is widening enforcement of a 20% levy on returns from offshore insurance products bought by mainland Chinese citizens; Caixin reports that individual enforcement cases have raised concerns that tighter action could weaken mainland demand for Hong Kong-based insurance; Nikkei Asia says the 'tax dragnet' is now targeting offshore trusts and insurance, and the market reaction points to a structural risk for HK's dominant insurance sector
The Apple AirPods and iPhone assembler prices up to 383.5m H-shares at HK$63.28; Temasek, GIC and Abu Dhabi's ADIA lead ~US$1.5bn in cornerstones; trading July 9
Chip-interconnect maker Crealights, Alebund Pharma and InsurTech Baige list June 29 in a market that is reclaiming the global IPO crown