While the ICO boom has helped create business opportunities – the market demand is so strong that PricewaterhouseCoopers (PwC) has set up a new team looking after ICO clients in Hong Kong – some experts are worried. “There are significant financial ... ( read original story ...)
Crossing Divides: Africans fight Hong Kong prejudice with football
In Hong Kong, locals rarely play football with immigrants. Not surprising, perhaps, when a third of Chinese Hongkongers don't want to sit next to members of other ethnic groups on public transport, live next door to them, or have their children as ... ( read original story ...)
Ping An Good Doctor’s US$1.12b IPO set to reignite Hong Kong listings market
Ping An Healthcare and Technology Company, also known as Ping An Good Doctor, has launched its highly anticipated Hong Kong initial public offering (IPO) which aims to raise as much as HK$8.77 billion (US$1.12 billion) in what could become the city’s ... ( read original story ...)
Hot Hong Kong IPOs to the Rescue
Investors may just have found the reason they need to keep on pushing two of Hong Kong's best-performing blue chips higher. After more than doubling in 2017, shares of Tencent Holdings Ltd. and Ping An Insurance Group Co. have lost momentum. By now ... ( read original story ...)
Hong Kong IPOs give foreigners access to China education
A series of Hong Kong listings of mainland Chinese education companies has given foreign investors access to one of the country’s fastest-growing and most tightly restricted consumer sectors. Last month’s $153m initial public offering of vocational ... ( read original story ...)
Ping An healthcare unit maps out plan for $1.1 billion Hong Kong IPO
HONG KONG (Reuters) - Ping An Healthcare and Technology Co Ltd, a unit of Ping An Insurance (Group) Co of China Ltd (2318.HK) (601318.SS), plans to raise up to HK$8.77 billion (797.8 million pounds) in a Hong Kong initial public offering to help expand its ... ( read original story ...)
Hong Kong startup Peacify launches smart socks for newborns
Hong Kong startup Peacify has launched a healthcare wearable monitoring device for newborns, dubbed Peacify Sock, allowing parents to view their babies' vital signs in real-time. The sock is equipped with biomedical sensors and algorithms to monitor a baby ... ( read original story ...)
StanChart ramps up its Hong Kong digital strategy with ‘eXellerator’ lab
Angel Ng, Citibank’s Hong Kong consumer business manager, said implementing an open API architecture in the city is vital to the continued modernisation of the local banking sector. “More banks working on this mutual business direction can accelerate ... ( read original story ...)
Uber’s outsized American ego a problem says Hong Kong transport minister as US Consulate gets involved
The US Consulate in Hong Kong has reached out to the city’s taxi drivers to ease tensions with Uber, while the transport minister slammed the US ride-hailing firm for its “big ego”, the Post has learned. There was immediate resistance from industry ... ( read original story ...)
WSJ: Hong Kong Could Lure 2 Landmark IPOs From US
The U.S. reportedly could lose two massive initial public offerings to Hong Kong as China intends to lure more new listings. The chief executive of Hong Kong Exchanges and Clearing Ltd. (HKEX), Charles Li, said Saudi Arabia’s state-owned oil giant, Saudi ... ( read original story ...)
Hong Kong exchange hopes Xiaomi leads army of blockbuster IPOs
Chinese technology giant Xiaomi is readying flotation plans as Hong Kong Exchanges and Clearing (HKEX) unveils major changes to its listings rules with the aim of winning a string of blockbuster initial public offerings with multibillion-dollar valuations. ( read original story ...)
Single parking spot in Hong Kong shatters property price record
Hong Kong, a city with some of the costliest real estate in the ... according to property agents, as cited by Business Insider. Renting the parking spot is reportedly more expensive than monthly rent for the city’s smaller apartments. ( read original story ...)
Tears and fear in Hong Kong Monetary Authority’s 1997 currency war against hedge funds
As Asian currencies started plunging one after another, starting with the Thai baht in July 1997, the attention soon turned to Hong Kong, the financial hub of Asia, barely months after sovereignty had been handed by the British colonial government back to ... ( read original story ...)
Financial institution backing out of new tar sands, fossil fuel projects
Europe’s largest international financial institution, HSBC (Hong Kong and Shanghai Banking Company) has made a major announcement today. The worlds seventh largest lender said it will no longer finance any new developments dealing with Canada’s tar ... ( read original story ...)