So here is a festive review of how the stock market rally is not only helping brokers reap bigger bonuses, but also seems to be encouraging Hong Kong people to give away more to good causes. The Community Chest, Hong Kong’s largest charity body ... ( read original story ...)
More to the economy than finding next Google or Facebook, Hong Kong’s small business owners say
Over the past several years Hong Kong has been trying to reinvent itself as a hi-tech hub, looking to turn start-ups into the next Facebook or Google. But with the focus on technology, other entrepreneurs say they are being neglected, even though they feel ... ( read original story ...)
Hong Kong stocks rev higher ahead of extended Christmas break
Hong Kong stocks rose in early trading on Friday, the last trading session before the Christmas holidays, with financials and Hong Kong real estate shares leading gains. The Hang Seng Index was ... 0.5 per cent to HK$79.95. Bank of China was also up ... ( read original story ...)
Hong Kong central bank chief eyes cooperation with mainland to support cross-border finance
Hong Kong’s de facto central bank will work with mainland regulators to implement measures to meet rising demand for cross-border financial services and stocks and bond trading, according to its chief executive. The joint effort to facilitate cross ... ( read original story ...)
Hong Kong seals first aircraft leasing deal under new tax regime
The first aircraft rental transaction to take advantage of new tax benefits designed to help Hong Kong’s aviation leasing companies compete with those in rivals leasing centres was completed this week. ICBC Financial Leasing’s decision to use Hong Kong ... ( read original story ...)
Vicon Holdings Shares Begin Hong Kong Trading At HK$1.24 Vs IPO At HK$1.20
HONG KONG (Dec 22) -- Shares of Vicon Holdings climbed on their trading debut in Hong Kong on Friday after the foundation contractor's 100-million share initial public offering was priced at the top end of an indicative range. The shares rose as high as HK ... ( read original story ...)
IPO hopeful Xiaomi set to blow past 2017 revenue target -sources
HONG KONG, Dec 22 (Reuters) - Chinese smartphone maker Xiaomi Inc ... which one source said would make a $100 billion IPO price tag look "reasonable". A spokeswoman for Xiaomi - that is likely to soon mandate its leading banks for an IPO - confirmed ... ( read original story ...)
HONG KONG PRESS: News Headlines On Friday, December 22
HONG KONG (Dec 22) -- Heres a roundup of local news: *China securities regulator says no change to pace of IPO reviews: sources Chinas securities regulator told a recent meeting with investment banks that there has been no change to the pace for reviews of ... ( read original story ...)
Xiaomi reportedly crushed 2017 earnings, creating new hype for 2018 IPO
HONG KONG (Reuters) – Chinese smartphone maker Xiaomi Inc has ... which one source said would make a $100 billion valuation at IPO look “reasonable”. A spokeswoman for Xiaomi – that is expected to soon mandate its leading banks for an IPO ... ( read original story ...)
IPO hopeful Xiaomi set to blow past 2017 revenue target
HONG KONG: Chinese smartphone maker Xiaomi Inc has told bankers ... which one source said would make a $100 billion valuation at IPO look "reasonable". A spokeswoman for Xiaomi - that is expected to soon mandate its leading banks for an IPO - confirmed ... ( read original story ...)
Abused Indonesian: Hong Kong needs more safeguards for maids
Former Indonesian maid Erwiana Sulistyaningsih attends a news conference in Hong Kong, Friday, Dec. 22, 2017. The court on Thursday ordered the former abusive employer Law Wan-tung to pay Erwiana HK$809,430 (US$103,500) in damages for abusing her between ... ( read original story ...)
Hong Kong leader says she won’t blindly obey Beijing’s orders
HONG KONG (Reuters) - Hong Kong leader Carrie Lam said she would not blindly obey the orders of Communist Party leaders in Beijing, while admitting the government has no way to suppress skyrocketing prices in one of the most expensive property markets in ... ( read original story ...)
Exclusive: IPO hopeful Xiaomi set to blow past 2017 revenue target – sources
HONG KONG (Reuters) - Chinese smartphone maker Xiaomi Inc has told ... which one source said would make a $100 billion IPO price tag look “reasonable”. A spokeswoman for Xiaomi - that is likely to soon mandate its leading banks for an IPO - confirmed ... ( read original story ...)
Hong Kong opens bourse to ‘new economy’ IPOs under new rules
Hong Kong’s stock exchange has unveiled the biggest overhaul of its listing rules and procedures in recent decades, giving it a better shot at accommodating the next Alibaba. Biotechnology firms, companies with multiple classes of shares, and technology ... ( read original story ...)