PRE-MARKET HONG KONG STOCKS NEWS: New World Development launched debt exchange offers for existing notes, Beijing reportedly wanted more from Chinese President Xi Jinping’s state visit to Washington
The pre-market item reports New World Development’s capped debt exchange, a Huawei–Qualcomm patent agreement, a Hong Kong banking licence, holiday travel figures and Beijing’s reported assessment of Xi’s visit.
News detail
New World Development (17 HK) - Co. launched debt exchange offers for existing notes with around USD 991.5mln in total outstanding principal, with the maximum new notes acceptance amount capped at USD 600mln. (Newswires) Huawei Technologies - Co. struck a multi-year patent licence agreement with Qualcomm covering 5G, computing and AI, with Qualcomm to pay to licence and acquire Huawei patents. (SCMP) Financials Hong Kong Monetary Authority granted a banking licence to Bakai Bank, marking the first Central Asian bank to establish operations in Hong Kong. (SCMP) Travel Cross-regional passenger trips exceeded 300mln on each of the first three days of the holiday, according to Ministry of Transport data. (Xinhua) Other News Beijing reportedly wanted more from Chinese President Xi Jinping’s state visit to Washington, according to people with knowledge of the matter. (SCMP)
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