HONG KONG (Reuters) - Biotechs without revenue can apply to list in Hong Kong from Monday under new rules aimed at attracting listings, mostly from China’s fast-developing market. The move is part of a bold effort to rival New York’s Nasdaq, the ... ( read original story ...)
Lacrosse World Cup rebuild in full swing for Hong Kong women’s team after thumping win over China
“That’s the goal and the training has to start now,” said the Hong Kong International School lacrosse team captain. “I’m very privileged to be playing with such an amazing group of young athletes – it comes with a lot of pressure but also an ... ( read original story ...)
Biotech Startup Innovent Gets $150 Million Booster
a developer of biologically-based anti-cancer drugs known as PD-1 inhibitors, has closed a new $150 million funding round as it head towards an initial public offering (IPO) that could be one of the first under new listing rules being rolled out in Hong Kong. ( read original story ...)
Hong Kong stocks higher in early trading, Ping An blazes upbeat path for insurers
... mainland Chinese lenders Industrial and Commercial Bank of China and Bank of China Hong Kong jumped 2.8 per cent to HK$6.97 and 4.7 per cent to HK$40.90 respectively. Hang Seng Bank also hit a three-year high of HK$200.40, gaining 2.45 per cent by noon. ( read original story ...)
17 Hong Kong banking jobs that pay HK$50k a month just three years after you graduate
You’re an intern or analyst in Hong Kong. You’re wondering which banking roles will land you a salary large enough to finally move out of your parents’ place by the https://news.efinancialcareers.com/sg-en/314051/sought-after-asian-banking-jobs/ You ... ( read original story ...)
Hong Kong’s private home prices mark 24 straight months of growth
The index broke historic records in November 2016 and has continued to rise since then. Hong Kong’s government has made reining in property prices a top priority and introduced a range of policies to this effect, but apartment prices have continued to ... ( read original story ...)
Hong Kong business leaders band together to oppose scrapping MPF offsetting mechanism
Five major Hong Kong business groups have joined forces to demand greater subsidies in any plan that would stop them from dipping into pensions, the latest blow to efforts to end the so-called offsetting mechanism in the city’s government-mandated ... ( read original story ...)
Looming $10 Billion IPO Has Hong Kong Bracing for a Cash Crunch
Snaring what is shaping up to be the world’s biggest initial public offering of 2018 could be a double-edged sword for Hong Kong. Chinese smartphone maker Xiaomi Corp., which has ambitions to take on Apple Inc. and Samsung Electronics Co., is said to be ... ( read original story ...)
Hong Kong scrambles for talent in battle for Nasdaq’s biotech crown
HONG KONG (Reuters) - When Hong Kong unveiled plans last year to encourage biotech companies to list in the city by loosening listing rules, the financial industry and investors cheered. Hong Kong was an obvious financing center for a growing number of ... ( read original story ...)
Hong Kong justice chief tight-lipped on whether she discussed Article 23 with Beijing officials
Hong Kong’s justice minister did not reveal if she had discussed with state officials the enactment of a controversial national security law as she wrapped up her first duty visit to Beijing on Sunday. Secretary for Justice Teresa Cheng Yeuk-wah said the ... ( read original story ...)
Will Hong Kong’s ‘big debate’ on land supply end up as just another talking shop?
But recently, a woman’s story of how Hong Kong’s housing crunch had forced her into a cubicle home in an industrial building tugged at his heartstrings, and underscored how public policy could transform lives. The woman, who looked middle-aged ... ( read original story ...)
The world’s most famous tailor has followed one simple plan that has grown his tiny Hong Kong shop from a small business into a global brand
Roshan Melwani is the third-generation proprietor of Sam's Tailor, a family-owned small business started by his grandfather Naraindas "Sam" Melwani in 1957. Sam's Tailor has become world famous for the stylish bespoke suits and clothing it has made for ... ( read original story ...)
Philanthropic assets can grow by half if Hong Kong relaxes taxation cap
Hong Kong’s philanthropic assets can grow by about half if the city relaxes its tax deduction cap, which at 35 per cent is lower than the US and Singapore. And if the tax incentives were put in place, Hong Kong’s assets could account for a higher ... ( read original story ...)
Hong Kong housing protests grow as Labour Party demands seizure of city’s most exclusive golf club
Protesters were back out in force outside of Hong Kong’s most exclusive golf club on Sunday, demanding the government take back control of the 170-hectare property and build houses on it. Two days after a Labour Party member was assaulted by a golfer ... ( read original story ...)