Hong Kong’s Hang Seng lost 0.7 percent to 30,108.64 and the Shanghai Composite in mainland China lost 0.9 percent to 3,089.21. Australia’s S&P/ASX 200 dipped 0.1 percent to 5,218.70. Markets in Southeast Asia were lower. Rising interest rates for U.S ... ( read original story ...)
Hong Kong will defend its interests amid US-China trade war, minister vows
Hong Kong’s trade minister has vowed that the city will continue to be a free and open place to do business, though he said this did not mean it would serve the interests of the US, which is inching closer to an all-out trade dispute with China. ( read original story ...)
Hong Kong stock exchange is no stranger to listings like Spotify IPO
I feel that several assertions in Steven Vines’ column about the Spotify IPO need to be corrected (“Spotify’s IPO was a success. Never mind that it’s a loss-making company”, April 18). First, the concept of a “DIY listing” or, as it’s ... ( read original story ...)
Technology shares lead slump in Hong Kong after overnight rout in US equities
Hong Kong stocks fell on Wednesday, tracking a rout in US equities roiled by a sell-off in technology companies and rising bond yields. The Hang Seng Index dropped by 1 ... the prospect that China’s central bank will loosen monetary policies. ( read original story ...)
Hong Kong Peninsula Estate Hits Market for HK$280M
A rare residential property with panoramic sea views in Kowloon, one of the three main islands in Hong Kong, has hit the market for the first time in over 30 years, asking HK$280 million (about US$35.68 million). Located on the northeast point of Little ... ( read original story ...)
Wheelock and HK science park team up to offer free city-centre meeting venue for start-ups and investors
Hong Kong start-ups are being given the chance to use a free, prime city centre location in which to meet and pitch their ideas to, hopefully, deep-pocketed investors. As part of a new collaboration between development giant Wheelock Properties and Hong ... ( read original story ...)
What to expect when public consultation begins to deal with Hong Kong’s 1,200-hectare land shortage
To solve Hong Kong’s housing shortage, would you prefer tearing down a historical golf course for flats or developing fringes of the country park? Or both? These questions will be put to the public in a five-month consultation that begins on Thursday. ( read original story ...)
Hong Kong schools waiting too long to identify special needs pupils, Audit Commission says
One in three Hong Kong pupils identified to have learning difficulties for the first time last school year were around the age of eight or older, the government watchdog’s latest report found, raising concerns that they might have missed the best time to ... ( read original story ...)
Taiwan biotech firm eyes Hong Kong IPO for push into mainland China market for cornea transplants
ACRO Biomedical, a Taiwan-based developer of skin, bone and cornea graft materials, plans to restructure via a reverse takeover and seek an initial public share offer in Hong Kong so that it can tap into the mainland China market. The company, based in ... ( read original story ...)
Hong Kong Bank Customers Ready to Embrace Artificial Intelligence and Automation in Digital Banking – Unisys Banking Insights Survey
Hong Kong consumers willing to allow banks to share data for Open Banking-based services - but privacy objections must be overcome for wide adoption HONG KONG and BLUE BELL, Pa., April 25, 2018 /PRNewswire/ -- New research from Unisys Corporation (UIS ... ( read original story ...)
Plan for new ‘Hong Kong Town’ in mainland China sparks backlash
Hong Kong's housing prices are among the world's most expensive, with many residents living in increasingly cramped conditions at spiralling costs and small businesses struggling to survive sky-high rents. A proposal to build a commuter town for ... ( read original story ...)
Hong Kong conglomerate Goldin Financial’s stock soars on plan to sell property worth US$1.6 billion to chairman
Hong Kong conglomerate Goldin Financial Holdings plans to sell two pieces of land in the city’s Ho Man Tin area worth HK$12.4 billion (US$1.6 billion) to mainland billionaire Pan Sutong, who is also the company’s chairman. The company’s shares jumped ... ( read original story ...)
Big Bang Means Buyer Beware in Hong Kong IPOs
Other likely candidates include smartphone maker Xiaomi Corp., Alibaba affiliate Ant Financial Services Group and Lufax, the peer-to-peer lending unit of Ping An Insurance (Group) Co. Those three between them could add $300 billion to Hong Kong’s market ... ( read original story ...)
Bank of China HK uses blockchain in almost all real estate appraisals
Blockchain is at the core of the Bank of China Hong Kong (BOCHK) operation, with almost all of its real estate appraisals now done via this technology. Company officials say this is part of a concerted foray into financial technology (fintech) and smart ... ( read original story ...)