Many who invest in this business hope to raise funds through an IPO “in Hong Kong or Shanghai,” Leung said. “In an IPO, the first thing the stock exchange reviews is your profit and loss.” It is also one of the world’s major financial centres and ... ( read original story ...)
Hong Kong justice chief departs amid rule of law worries
Hong Kong's justice chief is leaving his job earlier than expected ... and a separate legal system following its 1997 handover from Britain. Yuen said at a news conference that "at different stages of life, one should do different things," without elaborating. ( read original story ...)
Hong Kong’s first listed Chinese rural bank moves closer to a return to A-share market
Chongqing Rural Commercial Bank, one of China’s largest lenders to farmers and small businesses, said its A-share IPO application has been accepted by China Securities Regulatory Commission, marking a major step for the first Hong Kong-listed lender to ... ( read original story ...)
China, Hong Kong shares keep climbing; developers lend support
Chinese H-shares listed in Hong Kong rose 0.19 per cent at 12,226.95, while the Hang Seng Index was up 0.18 per cent at 30,791.59. The smaller Shenzhen index was up 0.16 per cent and the start-up board ChiNext Composite index was higher by 0.54 per cent. ( read original story ...)
Hong Kong film prop maker faces jail over 200,000 ‘counterfeit’ bank notes labelled as props
The boss of a Hong Kong film prop company could face jail time over allegedly possessing some 200,000 “counterfeit” bank notes labelled “props”. According to testimony heard at the Eastern Magistrates Court on Thursday, the bank notes were used in ... ( read original story ...)
Two Chinese men carrying 50 bank cards robbed of HK$350,000 at ATM in Hong Kong
A visitor from mainland China suspected to have been recruited by underground banks to cross the border and withdraw cash from ATMs was robbed of more than HK$350,000 (US$44,770) in a hold-up in Hong Kong before dawn on Thursday. The 28-year-old man from ... ( read original story ...)
Mainland man carrying 40 bank cards robbed of HK$360,000 at ATM
A mainland man was robbed of HK$360,000 in cash by six knife-wielding thieves on Thursday after he withdrew the money from an ATM. Last month, Ming Pao reported that the police had observed a phenomenon of mainland people using multiple bank cards to ... ( read original story ...)
Startup Demonstrates Ultra-High Resolution Micro-LED Micro-Displays
Hong Kong based startup JBD announced recently that it has successfully demonstrated monochromatic ultra-high resolution active matrix micro-LED displays as an enabling technology for next-generation display panel applications. JBD, a Hong Kong based ... ( read original story ...)
China and Hong Kong shares keep climbing, developers lend support
Chinese H-shares listed in Hong Kong rose 0.19 percent at 12,226.95, while the Hang Seng Index was up 0.18 percent at 30,791.59. ** The smaller Shenzhen index was up 0.16 percent and the start-up board ChiNext Composite index was higher by 0.54 percent. ( read original story ...)
This Professional Poker Player Used His Winnings To Seed What Could Be Hong Kong’s Next Unicorn
But there’s one person who actually used the income from his hobby-turned-profession to found a startup that has the chance to become Hong Kong’s first unicorn: Shing Chow, founder of Lalamove, the “Uber for logistics.” Chow quit his job as a ... ( read original story ...)
Property and oil stocks take Hang Seng Index closer to all-time high of 31,958
Hong Kong stocks edged up in Friday morning trade, as gains in property and oil-related stocks outweighed losses by carmakers, insurers and industrials. Mainland markets were soft. The Hang Seng Index rose by as much as 0.5 per cent to touch a fresh 10 ... ( read original story ...)
Hong Kong legal chief steps down early amid judicial turbulence
HONG KONG (Reuters) - Hong Kong's legal chief, whose watch was marked by instances of perceived interference by China in the city's rule of law, stepped down on Friday, more than four years before the end of his term. An independent legal system sits at ... ( read original story ...)
Hong Kong must take a lead in tech listings or forever play catch-up
The dilemma facing Hong Kong Exchanges and Clearing (HKEX) for years was about more than being arbitraged against other stock exchanges over dual-class shares and losing the listing business of world-class mainland tech companies. The deeper malevolence is ... ( read original story ...)
Hong Kong is being squeezed … into China
Joint checkpoint decision in Hong Kong an ‘act of state’, leading Beijing adviser says If business assumes that the tail will only squeeze tighter, it is important to plan ahead. A good analogy might be to look at Hong Kong converging with the Shanghai ... ( read original story ...)