Race for China’s $5.5tn mobile payment market hots up

“The dominance of the Taobao and T-Mall ecommerce platforms initially helped make Alipay the default digital wallet in China,” said Jeff Galvin, partner at McKinsey in Hong Kong. “But now, as Chinese spend more and more time in the WeChat ecosystem ... ( read original story ...)

HSBC powers a tram shelter in Hong Kong with solar panels

The Belt-and-Road Initiative (BRI) is a visionary blueprint for global economic development while leading the global shift to a green economy. HSBC goes beyond understanding the potential opportunities which could result from the Belt-and-Road Initiative ... ( read original story ...)

BOCOM International prices HK IPO near bottom, raising $230 mln

priced on Friday its Hong Kong initial public offering (IPO) near the bottom of expectations, raising $230 million. The company, a unit of Bank of Communications Co Ltd (BoCom) , priced the 667 million shares on offer at HK$2.68 each, after marketing the ... ( read original story ...)

Hong Kong bourse better off without Beijing's aid

This looks like fresh evidence of Beijing's tightening grip on the city - and its belief that market prices are a tool to signal good news. Exporting that stance will dent Hong Kong's appeal. On the face of it, there is no need for any assistance. ( read original story ...)

Hong Kong GDP Beats Estimates as Consumer Spending Perks Up

Hong Kong’s economy beat analyst expectations in the first quarter ... beating median estimate for 0.2 percent growth from analysts surveyed by Bloomberg News Economy expanded 4.3 percent in the first quarter from a year earlier, stronger than the ... ( read original story ...)

Hong Kong tightens rules on bank loans for property developers

HONG KONG May 12 Hong Kong on Friday imposed stricter restrictions on bank lending to developers, warning there was a need to review credit risks posed by property companies in one of the world's most expensive real estate markets. Home prices in Hong Kong ... ( read original story ...)