Hong Kong’s leader hit back on Tuesday at a British concern group for “interfering” in the city’s internal affairs with “unfounded and unfair” criticism. And in a first, Chief Executive Carrie Lam Cheng Yuet-ngor revealed aspects of her working ... ( read original story ...)
Hong Kong needs more financial innovation to effectively tap Greater Bay Area opportunities
Doing so would help the sector maintain its competitive edge in the area that covers Hong Kong, Macau and nine Guangdong cities in the Pearl River Delta, Ginger Cheng, the China head of large and mid-cap corporates at Singapore’s DBS Bank told the Asian ... ( read original story ...)
Fintech giant Finastra launches centre of excellence with focus on banking at Hong Kong’s Cyberport
Financial technology giant Finastra launched a “centre of excellence” focusing on the future of banking in Hong Kong’s Cyberport on Tuesday. Robert Smith, the chief executive of Finastra’s parent, private equity fund Vista, said the new centre ... ( read original story ...)
Hong Kong stocks advance to record close on optimism city will return to IPO glory in 2018
Hong Kong’s benchmark stock index rose 1.8 per cent to close at a historical high, on optimism the city’s stock exchange will see a flurry of initial public offerings from June that will help it regain its crown as the world’s favourite destination ... ( read original story ...)
Global stocks boom: Hong Kong hits record closing high
"The nickname for the Hang Seng is now the Tencent index." Share prices have also been buoyed by renewed optimism over the Chinese economy, and a torrent of money from mainland China flowing into big stocks like bank HSBC (FTRXX), Wong said. Hong Kong ... ( read original story ...)
This Hong Kong-based startup is making robots lifelike using AI
David Hanson envisions a future in which AI-powered robots evolve to become “super-intelligent genius machines” that might help solve some of mankind’s most challenging problems. If only it were as simple as that. The Texas-born former sculptor at ... ( read original story ...)
China’s Lufax seeks $60 billion valuation with April Hong Kong IPO – SCMP
HONG KONG (Reuters) - China's largest online wealth management platform, Shanghai Lujiazui International Financial Asset Exchange, or Lufax, is seeking a valuation of $60 billion with its April initial public offering in Hong Kong, the South China Morning ... ( read original story ...)
AI FinTech startup Trend Lab hits the unicorn mark with HK$100 million angel round valuation
In light of this, Mr. Tin Mok, founder and CEO of Trend Lab, has gathered talents from various leading internet technology companies in the Guangdong-Hong Kong-Macao Greater Bay Area. With its official establishment, the new AI FinTech startup Trend Lab ... ( read original story ...)
Hong Kong court to rule later on 3 activists’ prison terms
HONG KONG — Three Hong Kong activists will have to wait to learn the outcome of their final appeal Tuesday to overturn prison sentences for their roles in sparking 2014's massive pro-democracy protests in the semiautonomous Chinese city. Judges at Hong ... ( read original story ...)
Hong Kong democracy activists appeal jail terms in court
They were jailed last year for leading Hong Kong's 2014 pro-democracy "Umbrella Movement." The three young activists appeared in Hong Kong's top court on Tuesday to appeal against their jail terms. In August, Joshua Wong, Nathan Law and Alex Chow were ... ( read original story ...)
Finastra establishes Future of Banking Center of Excellence in Hong Kong
It is also a strong hub for Asia and the Belt and Road region. Dr. Lee George Lam, Chairman, Hong Kong Cyberport Management Company Limited, said, "We welcome Finastra and McKinsey to the Cyberport community, and firmly believe that the Center of ... ( read original story ...)
Young Hong Kong activists in court to appeal prison terms
HONG KONG — Three young Hong Kong activists, including Joshua Wong, are making a last-ditch attempt to overturn prison sentences for their roles in sparking 2014's massive pro-democracy protests in the semiautonomous Chinese city. Lawyers for the three ... ( read original story ...)
Lifelike robots made in Hong Kong meant to win over humans
HONG KONG — David Hanson envisions a future in which AI-powered robots evolve to become "super-intelligent genius machines" that might help solve some of mankind's most challenging problems. If only it were as simple as that. The Texas-born former ... ( read original story ...)
Why 2018 Will Be A Renaissance Year For Asia Tech IPOs, Undercutting New York
Hong Kong ended 2017 placing third in the global IPO race. That’s the first time in three years that the city lost its coveted fundraising top spot to New York — and the first time ever to fall behind Shanghai. But early forecasts suggest it may ... ( read original story ...)