PPI data continued to lessen the threat of exported deflation, while a lower CPI rate dampened concerns over higher People’s Bank of China interest rates. There was a slightly weaker dollar trend, which provided net support to Hong Kong stocks ... ( read original story ...)
Is There a Method to the “Madness” of Chinese Outbound M&A?
David and Paul are Partners in McKinsey’s Hong Kong office. Nick is Managing Partner of McKinsey’s Greater China Practice. ( read original story ...)
Hong Kong Startup Lalamove to Expand to 100 Cities with Series B Financing Completed, USD 30 Million Raised
HONG KONG--(BUSINESS WIRE)-- Lalamove, a Hong Kong based on-demand delivery company, completed its Series B Financing round, raising USD 30 million. The Series B Financing round was led by Xianghe Capital, a Beijing VC firm founded by former Head of Baidu ... ( read original story ...)
Entrepreneurs and Venture Capitalists, Hong Kong – Not Silicon Valley – Is Where You Want to be in 2017 and Beyond
[1] The numbers bear that out: consecutive years of double-digit growth in both startups and entrepreneurs means Hong Kong is now home to over 1,900 startups.[2] Hong Kong startups have not neglected a technological wave that can revolutionise business ... ( read original story ...)
‘Not all of you need to go into banking’ Hong Kong’s No 2 official tells youth after museum controversy
Hong Kong’s No 2 official has reached out to the city’s youth in trying to justify her controversial deal with Beijing to build a HK$3.5 billion museum, saying it would send out an encouraging message that “not all of you need to go into banking”. ( read original story ...)
Hong Kong in pole position to attract more health care listings, but needs to lure more techs
Hong Kong needs to attract more health care and biotechnology and other technology firms to its initial public offering market, to diversify the city’s mix of listed stocks, according to global law firm Baker McKenzie and consulting giant PWC ... ( read original story ...)
Home-purchase confidence in Hong Kong nosedives as property prices continue to climb
Home-purchase confidence in Hong Kong took a nosedive of about 21 per cent last quarter as already sky-high property prices continued to rise despite a recent drastic increase in the punitive stamp duty. According to a poll of 1,007 participants by the ... ( read original story ...)
Hong Kong SFC Warns Against Four Unlicensed Online Brokerages
Hong Kong’s Securities and Futures Commission (SFC), the country’s main financial services watchdog, today issued its second warning in a week, adding a further four entities to its Alert List after it came to light that they were offering their ... ( read original story ...)
Hong Kong's legal elite voice autonomy fears after China intervention
HONG KONG Leading Hong Kong lawyers voiced fresh concerns on Monday ... to very basic principles … one is the independence of the judiciary," Ma told a rare news conference. Despite broad concerns in the legal community, including a silent protest ... ( read original story ...)
GLG Welcomes Stephan Bosshart and Eddie Kong to Asia-Pacific Leadership Team
where he managed and developed new schools in Hong Kong. From 2013 to 2016, Kong was the Head of Operations Development at The Kowloon Motor Bus Company. Kong spent several years at McKinsey & Co. after beginning his career at Cathay Pacific Airways. ( read original story ...)
Singapore: Troop Carriers Held in Hong Kong Should Be Freed
Singapore's defense minister said Monday that nine armored personnel carriers that are being held in Hong Kong should be returned immediately under sovereign immunity laws. Customs authorities in Hong Kong, a Chinese territory, seized the eight-wheeled ... ( read original story ...)
Pro-democracy lawmaker Nathan Law attacked at Hong Kong airport
HONG KONG: Hong Kong's youngest legislator Nathan Law was attacked by anti-independence protesters at the city's airport late Sunday (Jan 8) after flying back from a political forum in Taiwan. Law, 23, was met by a crowd of angry pro-Beijing demonstrators ... ( read original story ...)
McDonald's sells most of China, HK business to CITIC, Carlyle for $2.1 billion
HONG KONG McDonald's Corp (MCD.N) has agreed to sell the bulk of its China and Hong Kong business to state-backed conglomerate CITIC Ltd (0267.HK) and Carlyle Group LP (CG.O) for up to $2.1 billion, seeking to expand rapidly without using much of its own ... ( read original story ...)
McDonald's Sells China, HK business to CITIC, Carlyle for $2.1B
McDonald's has agreed to sell the bulk of its China and Hong Kong business to state-backed conglomerate CITIC and Carlyle Group for up to $2.1 billion, seeking to expand rapidly without using much of its own capital. Continue Reading Below The 20-year deal ... ( read original story ...)