Xi’s move, state news agency Xinhua reported on Monday, was in response to an appeal by 24 of Hong Kong’s leading scientists and university professors who wrote to him last year to “express their pressing hope to make a contribution to the motherland”. ( read original story ...)
China Tower Files for Hong Kong IPO, May Raise $10 Billion
China Tower Corp., the state-owned wireless infrastructure operator, filed for an initial public offering in Hong Kong that could match the city’s biggest since 2010. While the world’s largest telecom tower service provider didn’t give a fund-raising ... ( read original story ...)
Hong Kong startupper: Estonia is a good place to stay focused
Kwun-Lok Ng, a startup founder from Hong Kong, is one of the increasing number of entrepreneurs who have benefitted from the Estonian startup visa programme. At the beginning of 2017, Estonia launched a new programme – called the startup visa ... ( read original story ...)
Hong Kong rail chiefs admit high-speed rail link to mainland China will not always be as quick as they claimed
Hong Kong rail bosses admitted on Monday that some journeys on the city’s new high-speed rail line to Guangzhou would take longer than the promised 48 minutes, after reports they could overshoot that by as much as half an hour. The MTR Corporation’s ... ( read original story ...)
Commonwealth Bank rising star quits to help run Hong Kong cryptocurrency company
THE 45-year-old rising star executive running Commonwealth Bank’s finances has unexpectedly quit the lender to help run a cryptocurrency company in Hong Kong. Rob Jesudason, who took over the powerful role of chief financial officer last July on a salary ... ( read original story ...)
Hong Kong gears up for another $10 billion IPO with planned China Tower flotation
HONG KONG (Reuters) - China Tower, the world’s biggest operator of mobile phone towers, has applied to list its shares in Hong Kong in what could become the city’s second $10 billion offering this year. The company, formed in 2014 from the towers ... ( read original story ...)
Hong Kong shares rally for sixth consecutive session before MSCI reveals eagerly awaited A-share list
The Hang Seng China Enterprises Index, which tracks Hong Kong-listed Chinese companies ... AIA Group rose 2.13 per cent to HK$74.35, China Construction Bank climbed 1.83 per cent to HK$8.35 and HSBC added 1.10 per cent to HK$78.40. The three shares ... ( read original story ...)
Foxconn unit luring cornerstone investors for Shanghai IPO
in 2016 in Hong Kong was taken up by cornerstones. Chinese regulators do not officially call them conerstone investors, but sources close to the Foxconn deal said they are similar to conerstones. Foxconn unit’s IPO, which would be the largest domestic ... ( read original story ...)
HSBC says performs first trade finance deal using single blockchain system
HONG KONG (Reuters) - HSBC Holdings Plc (HSBA.L) said on Monday it has performed the world’s first trade finance transaction using a single blockchain platform, in a push to boost efficiency in the multi-trillion-dollar funding of international trade. ( read original story ...)
Bank revises upward HK growth forecast
Standard Chartered today raised its forecast for Hong Kong’s economic growth for this year and next year. The bank predicted gross domestic product to grow from 3.2 percent to 3.8 percent this year. It also revised upward its projection for next year ... ( read original story ...)
The global ‘dirty money’ bank that proves banks are beyond the law
An ABC-TV Four Corners program about HSBC — the Hong Kong and Shanghai’s Banking Corporation’s reveals the scope of the global financial institution’s scandal-ridden operations. The French-TV made “Banksters” claims HSBC was the go-to bank for ... ( read original story ...)
PNB tried cover up before Nirav Modi scam exploded: Transferred staff at Hong Kong, Dubai for revealing irregularities
New Delhi: Just months before the Nirav Modi scam tumbled out, Punjab National Bank (PNB) quietly recalled two employees, both internal auditors posted at the lender's Hong Kong and Dubai branches after they exposed a deep rot within its banking system. ( read original story ...)
Hong Kong, Shanghai stocks higher as Chinese banks lift markets on strong data
Hong Kong stocks continued where they left off last week, extending gains on Monday, propelled by Chinese lenders, after the Chinese central bank released stronger-than-expected figures on new yuan loans and total fundraising for April, indicating credit ... ( read original story ...)
Hong Kong shares jump after Trump tweets on China’s ZTE
TRUMP ON CHINA: In a surprise overture to Beijing, Trump tweeted that he wanted to help Chinese smartphone and telecom gear maker ZTE "get back into business, fast." The company's Hong Kong-traded shares have been suspended since U.S. authorities banned it ... ( read original story ...)