Hong Kong's sky-high prices and low affordability rank it as one of the riskiest property markets for Savills Investment Management, which is avoiding the city in favour of Japan and Australia. "Hong Kong is highly, highly expensive," Kiran Patel, who ... ( read original story ...)
Hong Kong still the gateway to mainland China for foreign companies, commerce chief says
Foreign companies are still attracted to Hong Kong for its “super connector” role to mainland China even though a lot now go north directly, the city’s commerce minister said. In an interview with the Post, Secretary for Commerce and Economic ... ( read original story ...)
Hong Kong property seen among riskiest at Savills investment
“Hong Kong is highly, highly expensive,” Kiran Patel, who helps manage US$18 billion (RM76.33 billion) as chief investment officer at Savills Investment, said in an interview in Singapore. “Even with the lowest cost of capital, it is hard to justify ... ( read original story ...)
Hong Kong’s Iconic Trading Floor Is Latest to Close for Good
Hong Kong Exchanges & Clearing Ltd. is about to become the newest member of a once unthinkable club: stock exchanges without a trading floor. HKEX will shut its iconic Trading Hall on Friday, 31 years after opening the space in the heart of the city’s ... ( read original story ...)
Hong Kong stocks rally may continue into fourth quarter on stabilising growth in China and global fund inflows
Overseas investors will shift more allocations to the city’s equities and other emerging markets from the United States, where stocks are 50 per cent more expensive than Hong Kong, said Cheng Yu, a fund manager at HSBC Jintrust Fund Management. ( read original story ...)
Hong Kong sharpens fintech focus as a collaborative centre
“The real opportunity is for up and coming players to use the location as a base,” said Henri Arslanian, fintech and regtech leader for PwC in China and Hong Kong. “In the B2B [business to business] fintech and regtech, there’s a lot of appetite in ... ( read original story ...)
Inside Hong Kong’s growing appetite for veganism
Veganism is rapidly growing globally and Hong Kong is no exception, its local advocates claim, as dabbling in or adopting the plant-based lifestyle gains popularity. In the United States, six per cent of the population, or roughly 20 million people ... ( read original story ...)
There’s plenty happening in Hong Kong’s fintech sector, but what’s it all for?
He cited as examples Carrie Lam’s policy address in mid October which referred to fintech and devoted four pages to innovation, and the recent announcement of a smart-banking era by Norman Chan, the head of the HKMA, Hong Kong’s banking regulator and ... ( read original story ...)
Gaming hardware maker Razer to launch IPO
HONG KONG • Razer, a gaming hardware maker backed by Intel Corp and Hong Kong billionaire Li Ka Shing, plans to launch on Monday a Hong Kong initial public offering of up to US$550 million (S$754 million), IFR reported yesterday, citing people close to ... ( read original story ...)
Singapore-founded gaming firm Razer to launch up to $750m HK IPO on Oct 30
Hong Kong initial public offering, IFR reported on Friday, citing people close to the deal. The company, which is based in Singapore and the United States, will offer shares in an indicative range of HK$2.93 (S$0.51) to HK$4 each, added IFR, a Thomson ... ( read original story ...)
Two top traders have just left Credit Suisse for Hong Kong hedge funds
https://news.efinancialcareers.com/hk-en/299276/asian-banking-career-guide-eric-sim/ Two senior traders, Tish Ghosh and Andrew Pidgeon, have just left Credit Suisse in Hong Kong to join hedge funds. Ghosh, a Credit Suisse MD and head of equities delta one ... ( read original story ...)
Hong Kong told autonomy will be preserved – but reminded of Beijing’s ultimate authority
Beijing’s top official in charge of Hong Kong affairs has issued the most detailed assessment to date of President Xi Jinping’s policy direction for the city, reassuring Hongkongers their autonomy will be preserved but reminding them of the central ... ( read original story ...)
Friend says Hong Kong bookseller Gui freed, now with family
Mainland Chinese authorities have released a detained Hong Kong bookseller and he has been reunited with his relatives, one of his friends said Friday. Chinese dissident poet Bei Ling said family members confirmed to him that Gui Minhai has been released ... ( read original story ...)
Regulator’s U-turn paves way for dual-class companies to raise funds in Hong Kong in pilot plan
This came after the SFC in 2014 opposed exemption for Alibaba Group, which has a dual-class structure, to list in Hong Kong. Alibaba, which owns the South China Morning Post, opted to list in New York in what became the largest IPO in history. Another ... ( read original story ...)