A total of 11 Hong Kong and mainland Chinese developers have submitted bids ... while China Overseas, Logan Property and Shimao Properties were among the mainland Chinese players joining the fray. The value of the land has the potential to break the ... ( read original story ...)
China, Hong Kong Received Dominant Share of Global PropTech Investments Since 2013
office skyscrapers in Hong Kong are the most expensive commercial real estate assets in the world in 2017. Yield Spreads Are Main Focus of Asia Pacific Property Investors CBRE is reporting that investors in Asia Pacific real estate in 2017 remain heavily ... ( read original story ...)
Hong Kong warns: Li Ka-Shing Sells The Center in 5.15bn dollar Record Deal to Trim his HK’s assets
On November 1, 2017, CK Asset Holdings announced an agreement to sell the skyscraper located in Central (Hong Kong) known as “The Center” to C.H.M.T. Peaceful Development Asia Property for a total transaction value of HK$40,2bn ($5.15bn). The sale of ... ( read original story ...)
Cathay Pacific Dropped From Hong Kong’s Hang Seng After Decades
Cathay Pacific Airways Ltd. is losing its decades-old membership of Hong Kong’s benchmark equity gauge as the city ... will be dropped along with Kunlun Energy Co. as part of Hang Seng Indexes Co.’s quarterly review. Country Garden Holdings Co ... ( read original story ...)
Razer to raise upwards of $504 million in Hong Kong IPO
PC gaming company Razer is set to raise upwards of US$504 million (HK$3.9 billion) when it lists on the Hong Kong Stock Exchange on Monday. The company, which develops gaming-focused accessories for PCs, laptops and is preparing to sell its first ... ( read original story ...)
HK’s Razer IPO raises $528 million amid heavy retail demand
HONG KONG (Reuters) - Razer Inc (1337.HK), backed by Intel Corp (INTC.O) and Hong Kong billionaire Li Ka-shing, on Friday set its initial public offering price at HK$3.88 per share, confirming a report by a Reuters's publication that the gaming hardware ... ( read original story ...)
Hong Kong’s IPO Market Is Getting Out Of Control (EWH)
From Tyler Durden: IPO mania is gripping Hong Kong and if you’ve been looking for a warning sign that equity markets are close to a peak, just maybe this is it. It was a feature of the Hong Kong market in 2006-07, before the Great Financial Crisis, and ... ( read original story ...)
Insurers lead Hong Kong stocks higher as China eases financial industry access for foreign investors
Hong Kong stocks recouped all of the early losses by Friday afternoon, as Chinese insurers jumped after China said it will substantially ease access to its financial industry. Apple supplier AAC Technologies also boosted gains in the Hang Seng Index, as it ... ( read original story ...)
As Hang Seng hits decade highs, Chinese step up buying Hong Kong stocks
SHANGHAI, Nov 10 (Reuters) - With Hong Kong stocks hitting fresh decade-highs this week ... Renewed upward momentum this week propelled the benchmark Hang Seng Index to its highest level in 10 years, and mainland investors accelerated their buying. ( read original story ...)
Lee Kum Kee Wins the First Business for Social Good Award by Our Hong Kong Foundation
HONG KONG, Nov. 10, 2017 /PRNewswire/ -- Lee Kum Kee won the first "Business for Social Good Award" by Our Hong Kong Foundation in recognition of its contribution in creating shared values and promoting corporate sustainable development. As a responsible ... ( read original story ...)
Hong Kong stocks open lower, dragged by financials
Hong Kong stocks opened lower in early trading on Friday, retreating after closing above 29,000 for the first time in 10 years the previous day. Chinese banks and insurers were hit most as the Hang Seng Index fell 0.3 per cent, or 82.06 points, to 29,054 ... ( read original story ...)
Security vehicle firm banks on Hong Kong mega bridge to boost cross border transport of money, gold, and jewels
A company that moves some 600 million yuan between Hong Kong and the mainland every day is banking on the multibillion dollar Hong Kong-Zhuhai-Macau bridge to expand its suite of services and internationalise its business. Vpower Finance Security ... ( read original story ...)
Core member of Hong Kong pro-democracy party Demosisto resigns after finance rules violation
Hong Kong’s youngest political party Demosisto, co-founded by student activist Joshua Wong Chi-fung, removed a core member from its standing committee on Thursday after he was found to have violated the group’s financial rules. Derek Lam Shun-hin, 24 ... ( read original story ...)
Hong Kong’s Real Bull-Market Killer
ICBC, by comparison, made less than 25 percent of its stock freely tradable in Hong Kong. Its two biggest shareholders, Huijin and China's Ministry of Finance, can only offload their stakes in Shanghai. This subtle distinction is making a world of ... ( read original story ...)