The typhoon signal was the sixth tropical cyclone warning issued for the city this year. Hong Kong experienced a severe typhoon on August 23 prompting the Observatory to issue a maximum typhoon signal of 10. Typhoon Hato was the 15th No 10 storm since 1946 ... ( read original story ...)
Plans for tougher restrictions on foreign buyers to help first-time buyers get on property ladder
Foreign buyers will face tougher restrictions on purchasing British property under plans being worked up by the ... purchased off plan by particularly Far Eastern buyers – China, Hong Kong, Singapore, Malaysia," a Whitehall source said. ( read original story ...)
Sisram Medical raises $112m in Hong Kong IPO
Sisram, formerly Alma Lasers and controlled by Fosun Pharma, held the IPO in the lower part of the range targeted. Medical esthetics company Sisram Medical (formerly Alma Lasers) last week completed its IPO on the Hong Kong Stock Exchange, raising $112 ... ( read original story ...)
Beyond Venture takes aim at Hong Kong start-ups
Hong Kong-based venture capital fund Beyond Venture launched on Thursday, targeting local Hong Kong start-ups with its initial fund expecting to be worth more than HK$1 billion (US$128 million). “We plan to invest in five or six Hong Kong start-ups by ... ( read original story ...)
Hong Kong Airlines Is Adding Flights To SFO As Of March 2018
Keep in mind that while Hong Kong Airlines will eventually have reverse herringbone seats in business class on their A350s, the first three A350s will instead feature a staggered configuration. This is because Hong Kong Airlines took over the first three ... ( read original story ...)
Double-decker bus stopped just 90cm away from 11-year-old boy: Hong Kong family recount lucky escape from Sham Shui Po crash
Eleven-year-old Kwok Kai-yin was waiting to cross the road with his parents on Friday night when he heard the roaring engine of a bus and saw the double-decker “flying” towards him before it stopped just 90 centimetres away from him seconds later. The ... ( read original story ...)
Pump more money into Hong Kong fintech start-ups, EU chamber boss urges
Hong Kong needs to pump more government funding into local fintech start-ups to help find the next big thing, the city’s European Chamber of Commerce chairman said, as he urged tackling sky-high property prices and international school fees to keep ... ( read original story ...)
Hong Kong holds InnoTech Expo to inspire youngsters’ interest in science
HONG KONG, Sept. 24 (Xinhua) -- Over 100 exhibits featuring top technologies from both ancient and modern China were displayed at the InnoTech Expo 2017 that opened here on Sunday in China's Hong Kong Special Administrative Region (SAR), aiming at ... ( read original story ...)
‘Dangal’ becomes highest grossing Bollywood film in Hong Kong
Bollywood superstar Aamir Khan’s sports drama Dangal is continuing its victory march at the box office worldwide and has become the highest grossing Bollywood film in Hong Kong with a collection of 23.45 million Hong Kong dollars (HKD), or Dh11.02 million. ( read original story ...)
Hong Kong companies strive to make environmental, social and governance integral to their business strategies
In developed markets, most notably the United States and Europe, major investors are paying even closer attention to environmental, social and governance criteria as a key factor when putting together their portfolios. They can see that these issues have ... ( read original story ...)
U.S. IPO Weekly Recap: An Active Week As 7 IPOs Average 16% Pop
Zai Lab (Pending:ZLAB) priced its upsized IPO at the high end of the range, raising $150 million. Insiders bought $18 million on the offering (12% of the deal). The Chinese cancer biotech plans to commercialize three late-stage candidates in Hong Kong ... ( read original story ...)
Week In Review: Zai Lab Completes $150 Million US IPO; Investors Push Valuation To $1.4 Billion
The acquisition will now close on October 3. Sisram Medical (HK: 1696), an Israeli aesthetic laser company, completed a $125 million IPO in Hong Kong at the low end of the range (see story). Sisram is majority owned (66%) by Fosun Pharma (SH: 600196 ... ( read original story ...)
Don’t worry about Hong Kong’s credit rating downgrade, finance chief says
Hong Kong’s finance minister said on Saturday that he disagreed with the lowering of the city’s credit rating by US rating agency Standard & Poor’s. The comment by Financial Secretary Paul Chan Mo-po came a day after the downgrade to AA+ from AAA, a ... ( read original story ...)
Semi-final clash with Japan looms after frustrating day for Hong Kong in Asian sevens series
“We won a lot more of our kick-offs in Hong Kong. Korea had a very good start against us, to be 24-5 down at half-time, I thought the boys played really well after that and showed a bit of fight,” John said. “It’s just a matter of getting that ... ( read original story ...)