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Hong Kong gold imports fall 18% in July as mainland giants rush to build vaults

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Hong Kong gold imports fall 18% in July as mainland giants rush to build vaults
Hong Kong gold imports fall 18% in July as mainland giants rush to build vaults
Gold flows into Hong Kong eased to about 107 tonnes in July despite mainland corporate buyers pouring capital into new bullion vaults, as they bet on the city’s strategic ambition to establish itself as Asia’s premier hub for the precious metal. The city’s non-monetary gold imports fell about 18 per cent from June, a m
Fast Company
Fast Company2 days ago
Shein’s stock listing is almost here: Why the fast fashion giant has a much smaller valuation for its upcoming IPO
Fast fashion giant Shein Global Holdings Limited is planning to make its long-awaited stock market debut in Hong Kong next month. Best known for producing and selling inexpensive clothing and apparel, Shein was founded in 2008 in China, but is now headquartered in Singapore. The company has been a big hit with younger
The Globe and Mail
The Globe and Mail🏁 first to report2 days ago
Fast-fashion giant Shein shrinks value to up to US$27-billion in Hong Kong IPO
Analysts say valuation drop reflects change in business prospects