Feb 28, 2018 (Euclid Infotech Ltd via COMTEX) -- Grail Inc, a cancer detection firm backed by the world's two richest men, is planning a Hong Kong initial public offering in a win for the city's attempts to draw biotech listings, people familiar with the ... ( read original story ...)
Grail, a US-Hong Kong Diagnostics Company, May Stage $500 Million Hong Kong IPO
Grail, a US spinout from Illumina that is developing blood-based cancer detection tests, is considering a $500 million Hong Kong IPO. Last year, Grail completed a $900 million Series B fundraising, the largest ever. In June, Grail merged with Cirina, a ... ( read original story ...)
Bezos-Backed Cancer Screening Startup Pursues Hong Kong for IPO
Details Of JSW-Aion’s Resolution Plan For Monnet Ispat When A Prime Minister Retains Office By Learning From Leader Of Opposition Mid-Cap IT: Growth, But At A Hefty Premium? HDFC To Launch Rs 1,900 Crore QIP This Week Earnings Can Double If Capex Is In ... ( read original story ...)
Citi’s Hong Kong chief, Weber Lo, quits to join non-financial firm
The Hong Kong head of banking giant Citi, Weber Lo, has resigned to join a non-financial firm, according to an internal email seen by the South China Morning Post. He will join a company in the Greater China region, according to Francisco Aristeguieta ... ( read original story ...)
Hong Kong bankers still shun the suburbs even as housing costs surge
a Hong Kong-based banking professional who has two children and is also the founder of The Private Placement Group. “We didn’t want to pay still-high rent in Kowloon for marginally more space, at the cost of being further away from Central.” ( read original story ...)
Man, 57, arrested over armed robbery of Bank of East Asia
According to officers, staff at the bank – which is located at 10 Des Voeux Road in Central – reported the robbery to police at 3.32pm after a man made off with HK$70,000 from a counter. Video footage showed the man wearing a black top during the ... ( read original story ...)
Hong Kong prepares boost to equity derivatives booking
You are currently accessing Central Banking via your Enterprise account. If you already have an account please use the link below to sign in. If you have any problems with your access or would like to request an individual access account please contact our ... ( read original story ...)
Indian Overseas Bank repays $500 million bond
The funds were raised for business expansion and lending purposes in 2011 and 2012 from the bank’s Hong Kong branch. State-run Indian Overseas Bank (IOB) has repaid $500 million, which was raised as part of the second tranche of its medium-term notes ... ( read original story ...)
Hong Kong must be more aggressive in luring foreign firms and nurturing talent, American Chamber of Commerce says
But Joseph said: “There should be an emphasis on attracting international business. Hong Kong’s distinctive advantage is as a super-connector. “We see relatively little in this budget about improving Hong Kong’s overall business environment for ... ( read original story ...)
Call for action on Hong Kong property developers’ opaque sales and stockpiling tactics
The government needs to stop property developers using opaque sales tactics and stockpiling flats to push up prices amid skyrocketing housing costs in space-starved Hong Kong, experts said on Thursday. The strategies, raised by Financial Secretary Paul ... ( read original story ...)
New land sale rule may help to cool Hong Kong’s overheated property market
Hong Kong’s land sales are set to become more transparent with the government undertaking to reveal all bids by developers to address long running concerns about inflated prices and their impact on the red hot property market. Development Secretary ... ( read original story ...)
Hong Kong’s tech start-up ecosystem sparking into life after slow start
Experts say that may partly be because Hong Kong companies have traditionally been independent with their business operations, while some investors are attracted to the city’s market driven, hands-off approach, viewing some tech firms in Singapore as ... ( read original story ...)
HKMA’s tight mortgage policies are misguided and miss the point on home ownership
I refer to the report on the Hong Kong Monetary Authority chief rejecting lawmakers’ calls to relax mortgage policies, citing the overheated market (“Hong Kong Monetary Authority chief Norman Chan rejects calls to relax mortgage policies”, February 5). ( read original story ...)
January mortgage loans rise to HK$38b
Home buyers borrowed HK$38.1 billion in January, an increase of 37.1 percent from December, the Hong Kong Monetary Authority said today. The number of mortgage applications increased month-on-month by 34.8 percent to 14, 179. Among the mortgage loans ... ( read original story ...)