The UK government was called upon to fulfil its “very special duty” to Hong Kong, as a British political grandee said on Tuesday that the city’s interests are “non-negotiable” when London speaks to Beijing about post-Brexit trade deals. ( read original story ...)
Hong Kong Finalizes FTA with ASEAN, DTAA with India
Hong Kong recently finalized a series of agreements that, taken together, shift Asia’s trade and investment landscape. The agreements come amid distress in Hong Kong that the city is losing its traditional advantage as the premier location in Asia for ... ( read original story ...)
Hot or Not? Probably the Latter for This Hong Kong IPO: Gadfly
Hong Kong has been a breeding ground for hot IPOs this year but here’s one that probably won’t set the market on fire. Shandong International Trust Co. plans to raise as much as $450 million in the city, according to a term sheet seen by Bloomberg ... ( read original story ...)
Hong Kong finance boss admits to disposing his mistress’ body in a rubbish trolley outside village
A finance company director accused of murdering his mistress six years ago revealed for the first time on Tuesday that he had disposed of her body, which has never been found, in a rubbish trolley parked outside a Hong Kong village. The High Court heard ... ( read original story ...)
Chinese staff-less store startup eyes Hong Kong market
Hong Kong’s retail landscape will see some disruption in no time as BingoBox, China’s burgeoning staff-less convenience stores, plans to bring its self-service concept to Hong Kong next year, targeting quieter neighbourhoods and suburbs. BingoBox is a ... ( read original story ...)
Singapore Is Losing Its Home Advantage in IPOs to Hong Kong
The companies that went to Hong Kong had a patchy post-IPO showing. Five stocks suffered double-digit tumbles of as much as 42 percent, the data show. Singapore saw three of its debut stocks fall, with the largest decline at 5.6 percent. Hong Kong has seen ... ( read original story ...)
Hong Kong should vie to become R&D hub
The Hong Kong government will step up efforts to promote innovation and technology. This was the message from Chief Executive Carrie Lam Yuet-ngor at the grand final of Alibaba’s startup competition Jumpstarter 2017 held in Hong Kong last week. ( read original story ...)
RGA invests in fintech startup
Chesterfield-based Reinsurance Group of America, a global life reinsurer, has invested in fintech startup Bitspark, based in Hong Kong. The company made its investment through its subsidiary RGAx, which focuses on new and emerging technology. The amount of ... ( read original story ...)
Singapore Is Losing Home Advantage in IPO Battle With Hong Kong
Fourteen companies based in the Southeast Asian city have chosen to list on their home stock market this year, compared with 13 on the bourse operated by Hong Kong Exchanges & Clearing Ltd., according to data compiled by Bloomberg. It’s not all bad news ... ( read original story ...)
China’s regulator to halt Hong Kong-bound funds over fear of an impending market correction
China’s securities regulator will suspend the approval of new mutual funds that are meant for investing in Hong Kong’s equity market, putting a temporary cap on southbound capital that has boosted the city’s benchmark stock index to a decade high. ( read original story ...)
China’s Shandong International Trust makes history, raising up to US$450m in Hong Kong IPO
Shandong International Trust on Monday became the first trust from China to launch an initial public offering in Hong Kong of 647 million shares to raise as much as HK$3.51 billion (US$450 million). The stock, which is being offered at an indicated price ... ( read original story ...)
Ping An Good Doctor readies $1 billion Hong Kong IPO: IFR
HONG KONG (Reuters) - China’s most popular online medical platform, Ping An Good Doctor, is working with Citigroup and JPMorgan on an initial public offering of up to $1 billion, IFR reported. The deal could launch in Hong Kong in the first half of next ... ( read original story ...)
“Junior bankers in Hong Kong are way too obsessed with joining the buy-side”
Investment banking, at Goldman and other budge bracket firms, is still the best way for graduates in Hong Kong to start and then grow their careers – so make the most of it! The hours will get better as you get promoted. As for me, I don’t have a long ... ( read original story ...
Hong Kong finance boss confesses at murder trial to killing mistress who worked as nightclub hostess
A finance company director on trial for murder cried in a Hong Kong court on Monday as he confessed to killing his mistress in a physical struggle that escalated from an emotional argument over ending their affair. But the woman’s body was never found ... ( read original story ...)