Shares of Tencent Holdings yesterday closed 3.74 percent higher in Hong Kong, outperforming the benchmark Hang Seng index.Stocks of the Chinese ... Tencent's shares after its first quarter report. Deutsche Bank said in a report that Tencent's quarterly ... ( read original story ...)
Citigroup Fined $7.3 Million in Hong Kong for IPO Sponsor Work
Citigroup Inc. was fined HK$57 million ($7.3 million) by Hong Kong’s Securities and Futures Commission for the bank’s actions around the listing application of an initial public offering. The U.S. bank was also reprimanded for its failure to discharge ... ( read original story ...)
Women leaders are still scarce among Hong Kong blue-chip companies, despite the business case for diversity
Similarly, in her new role at HKEX, Cha is the only woman among the chairmen of Hong Kong’s 50 blue-chip firms. A 2018 study by McKinsey reported gender diversity is positively correlated with both profitability and value creation The business case for ... ( read original story ...)
Chinese co-working space provider Ucommune considering Hong Kong IPO over longer term
Mao Daqing, founder and CEO of China’s most valuable co-working space start-up Ucommune, said he would consider an IPO for the firm in two or three years, with Hong Kong being a strong possibility after the city amended its listing rules to welcome more ... ( read original story ...)
Hong Kong is taking the fight to money launderers — but the ‘air bubble’ is hard to stamp out
A Hong Kong government report says money laundering puts the city at "medium high" risk, with the banking sector risk labeled "high." Reports of suspicious transactions are on the rise, but a lack of qualified experts is putting strains on the system. ( read original story ...)
Portable air con, robots and mobile body fat apps hope to woo investors at Hong Kong’s annual start-up fair
An air conditioner the size of a Coca-Cola bottle, a body fat gauge for your mobile phone and a robot controlled only by gestures are among some of the products on show at an annual fair for start-up entrepreneurs in Hong Kong. The 10th Entrepreneur Day ... ( read original story ...)
Hongkong Land : Property Perfect and Hongkong Land announce joint high-end housing projects
BANGKOK, 16th May 2018-Property Perfect and Hongkong Land today unveiled an agreement for the joint development of landed residential property projects in Bangkok, Thailand, targeting the upper-income segment with luxury houses priced as high as Bt100 million. ( read original story ...)
Hong Kong’s Exchange Fund posts weakest first-quarter gain since 2016 after losses from overseas stocks
Hong Kong’s Exchange Fund, the city’s reserves and asset war ... There are political tensions,” HKMA chief executive Norman Chan Tak-lam told the monthly financial affairs panel meeting on Tuesday morning, when he presented the latest Exchange ... ( read original story ...)
ASIC Manufacturer Officially Files $1 Billion IPO In Hong Kong
It seems that the creator of the Avalon Bitcoin ASIC mining hardware has taken moves to secure a stock listing spot on the Hong Kong stock exchange. The company, usually known as Canaan, is seeking for $1 billion in IPO funding. Canaan Creative, better ... ( read original story ...)
Belarus, Hong Kong discuss cooperation in trade, finance
MINSK, 16 May (BelTA) – Belarus and Hong Kong have discussed matters concerning the advancement of cooperation in trade and finance, representatives of the Association of Belarusian Banks told BelTA. The Association's Chairman Alexander Kuchinsky met ... ( read original story ...)
Move over London, hello Hong Kong-Beijing-Shanghai as the world’s top financial centre?
There have been fierce debates in the United Kingdom and the rest of Europe since the Brexit vote about what might happen to the City of London in terms of its position as the world’s pre-eminent financial services centre. These arguments by ... ( read original story ...)
A Hong Kong architect thinks ‘tube homes’ made from concrete pipes can be a solution to the world’s housing crisis
"We are facing a tangible affordability problem in our cities," architect James Law told Business Insider. "It is almost beyond the reach of most people to afford to live in a proper home in Hong Kong Law thinks he may have a solution: a retro-fitted ... ( read original story ...)
Hong Kong’s bill for defending city’s currency since April stands at HK$52.9 billion
The Hong Kong Monetary Authority, the city’s de facto central bank, intervened in the foreign currency market to defend the Hong Kong dollar on Tuesday, bringing its total purchases of its own currency since April to about HK$52.9 billion (US$6.7 billion). ( read original story ...)
Hong Kong Journalist Is Roughed Up and Detained by Police in Beijing
HONG KONG — A cameraman from a Hong Kong news station was roughed up and detained by the police in Beijing while trying to cover a human rights lawyer’s disciplinary hearing, the Hong Kong news media reported. Video footage shows uniformed police ... ( read original story ...)