The fundraising comes amid increasing volatility in global financial markets roiled partly by concerns about China's economic growth

Prospects of a surge in take-private deals come against the backdrop of the industry's damage from the Covid pandemic and its disruption to travel and tourism

Foreign investors ramped up purchases of Chinese A-share market stocks, boosting inflows of foreign capital this month till June 10, the state outlet said

Car-hailing service Didi Global became the latest Chinese stock delisted from the US markets when it voluntarily exited NYSE on Friday following pressure from Beijing.

"It is turning into a Black Monday in Asia," Oanda wrote in a client note. "The R-word (is) now on everyone's lips" amid "a scramble to reassess Fed hiking expectations."

HKMA's chief said the Hong Kong dollar market has already seen capital flight after the US Federal Reserve raised interest rates and the trend will continue

In Toto Consulting looks at three options: spinning off HSBC's Asian business; separately listing 25% of the unit; or floating a quarter of the Hong Kong retail business

Chinese fund managers are ranked by performance on an annual, quarterly, and monthly basis, fostering a culture that some analysts say contribute to wild swings in stocks

The China Securities Regulatory Commission criticised Everbright Securities, CITIC Securities, Haitong Securities and China International Capital Corporation

Tesla also said Oracle co-founder Larry Ellison, a friend of chief executive Elon Musk, will not stand for re-election to the electric vehicle manufacturer's board

Analysts say there may be worse to come amid concerns over a disappointing earnings report and the imminent end of a 30-day lockup period for anchor investors.

A net 26.1 billion yuan, or $3.9 billion, flowed into Chinese mainland-listed stocks via the Hong Kong Stock Connect programme in the first five days of June