NEW YORK (Reuters Breakingviews) - Snap's messages may disappear, but one thing could yet endure from its calamitous initial public offering: an incentive to ... unlike big counterparts in London and Hong Kong, provide few restrictions on companies wanting ... ( read original story ...)
Baidu Cоmpetitоr Saуs Tо Fоcus оn AI As It Plans U.S. IPO
HONG KONG (Reuters) – China’s second-largest mobile search engine ... Sogou declined tо comment оn thе possible size оf thе IPO. Wang told Bloomberg in an interview in Januarу that Sogou was targeting a valuation оf $5 billion. ( read original story ...)
Fortune China 500 list goes public
Sogou, China’s second largest mobile search engine, has filed documents for a possible initial public offering in the United States ... the report added. Hong Kong’s second-hand private residential property index rose to 336.1 in July this year ... ( read original story ...)
Saudi Aramco IPO, ‘world’s biggest’, pits Singapore against five other contenders
This close involvement could work in favour of a listing in Hong Kong, home to China’s biggest bourse that accepts IPOs by companies based in other countries. China Investment Corp, the nations sovereign wealth fund, could take part in an Aramco IPO ... ( read original story ...)
China on track to overtake South Korea as No 2 video games market by 2021, says PwC
“This will be a huge opportunity for technology companies, especially those which are associated with games, to file for IPOs in Hong Kong,” he said. Within the video games sector, the global e-sport industry alone is expected to grow from roughly US$ ... ( read original story ...)
Tian, 57, tipped for top post at CCB
Chen Siqing, BOC's current president [Photo/VCG] The nominations will go through the approval process at the boards of directors of the two banks, both of which are listed in Shanghai and Hong Kong. Tian has extensive experience in the Chinese financial ... ( read original story ...)
Big Four firm hails Belt and Road as a “global game changer”
This echoes with what Jonathan Woetzel, McKinsey senior partner and McKinsey Global Institute ... Frank Lyn, markets leader at PwC in China and Hong kong, urged companies to participate at an early stage to reap rewards in the long run. ( read original story ...)
Why Growing Trends In China’s Tech Scene Pose A Huge Threat To Silicon Valley’s Hold
McKinsey now predicts that the Internet economy could enable ... Sham came up with the concept for the company while he was working as a research assistant at the University of Hong Kong. He read hundreds of academic papers and researched such avenues ... ( read original story ...)
Hong Kong’s richest man sells fixed line business for HKD14.5 billion
According to a Reuters report, private equity firms including a consortium comprising TPG Capital and South Korean billionaire Michael Kim's MBK Partners had also submitted bids earlier this month, but withdrew from the bidding war over concerns related to ... ( read original story ...)
Connect cash spurs HK markets
Market turnover reached HK$103.2 billion, the highest since June 9. Shares of Standard Chartered (2888) and BOC Hong Kong (Holdings) (2388) surged. Shares of Standard Chartered jumped to a two-year high of HK$88.90 in afternoon trading and closed at HK$88 ... ( read original story ...)
This is where Bank of East Asia is getting its staff from in Hong Kong
Bank of East Asia is one of just five firms deemed so systemically important to Hong Kong’s financial system that it holds more capital in reserve than other banks. It’s also hiring in Hong Kong and currently has 59 vacancies on its careers site ... ( read original story ...)
Hong Kong’s mortgage loans up 5.6 pct in June
Mortgage loans approved in June rose 5.6 percent month-on-month to 44 billion HK dollars (about 5.6 billion U.S. dollars), the Hong Kong Monetary Authority said here on Monday. Mortgage loans financing primary market transactions increased 19.2 percent to ... ( read original story ...)
Governing Hong Kong: one country, two systems
Hong Kong's new chief executive, Carrie Lam, talks about governing Hong Kong under the principle of one country, two systems. CBS News 6:16 52 mins ago ( read original story ...)
Will Hong Kong keep its unique identity?
CNN asks Carrie Lam about Hong Kong's future, and whether it will turn into just another Chinese city. CBS News 6:16 52 mins ago ( read original story ...)