One of Hong Kong’s most popular investment strategies -- borrow big and plow the money into a red-hot IPO -- is starting to fail, just as the city prepares to host Xiaomi Corp.’s $10 billion listing. Ping An Healthcare & Technology Co.’s initial ... ( read original story ...)
Hong Kong stocks get boost from tech and financials
Hong Kong stocks closed the midday session higher on Tuesday, after tech companies surged following a rebound in Apple shares in the US overnight. Chinese financials and carmakers were also boosted in line with gains in the mainland market. The Hang Seng ... ( read original story ...)
Breakingviews – Higher rates are likely to calm Hong Kong property
HONG KONG (Reuters Breakingviews) - Higher rates are likely to calm Hong Kong’s frothy property market. Interbank lending is getting more expensive after a decade-long slump, pointing to costlier mortgages and slower price growth. This will be manageable ... ( read original story ...)
HONG KONG | China’s exports rebound, trade surplus with US swells
HONG KONG (AP) — China’s exports rebounded last month from a brief downturn while its politically sensitive trade surplus with the United States expanded, according to official data released Tuesday. Customs data showed that exports jumped 21.5 percent ... ( read original story ...)
Hong Kong IPO Flop a Warning for Speculators in Xiaomi Mega Deal
One of Hong Kong’s most popular investment strategies -- borrow big and plow the money into a red-hot IPO -- is starting to fail, just as the city prepares to host Xiaomi Corp.’s $10 billion listing. Ping An Healthcare & Technology Co.’s initial ... ( read original story ...)
‘Orwellian Nonsense’? China Says That’s the Price of Doing Business
and that the Hong Kong, Macau and Taiwan regions are inseparable parts of Chinese territory,” a spokesman, Geng Shuang, said on the ministry’s website. He added, “It must be pointed out that foreign firms doing business in China should respect China ... ( read original story ...)
Hong Kong dominates busiest air routes in the world – but budget airlines can’t get a look-in
Hong Kong has some of the busiest air routes in the world, a report has found – just don’t expect to get a budget flight to or from the city, unlike elsewhere in the region where low-cost travel is booming. Hong Kong International Airport (HKIA ... ( read original story ...)
Hong Kong surgeon who left operation halfway through offered new job by mainland Chinese hospital
A surgeon who left a patient open on an operating table last year while he worked at a different hospital will reportedly take up a job at a mainland Chinese hospital affiliated with a Hong Kong university, despite the school’s medical faculty not ... ( read original story ...)
HONG KONG | China’s ZTE seeks end to ban on buying American technology
HONG KONG — Chinese technology company ZTE says it has applied to the U.S. Commerce Department asking it to suspend a seven-year ban on it doing business with U.S. technology exporters. The company said in a statement late Sunday that it had “formally ... ( read original story ...)
Ping An Good Doctor’s shares slide below IPO price on valuation worries
Shares of some other technology-related companies that floated recently have been weak in Hong Kong. ZhongAn Online P & C Insurance Co recently dropped below its IPO price. China Literature, which soared on its debut last year, has been declining and is ... ( read original story ...)
HK startup wants to become profitable, first and foremost
The capital-raising route notwithstanding, a growing number of startups are giving priority to organic growth. Among them is GoodNotes, a Hong Kong-based tech firm that is committed to becoming profitable, first and foremost. The company offers a note ... ( read original story ...)
HONG KONG | Asian markets rise, tracking Wall Street gains on job report
HONG KONG (AP) — Most Asian stock markets started the week higher on Monday following strong gains on Wall Street after the U.S. jobless rate hit an 18-year low, helping investors overlook unresolved trade tensions between Washington and Beijing. ( read original story ...)
Hong Kong surgeon who left operation halfway through ‘hired by mainland Chinese hospital’
A surgeon who left a patient open on an operating table last year while he worked at a different hospital will reportedly take up a job at a mainland Chinese hospital affiliated with a Hong Kong university, despite the school’s medical faculty not ... ( read original story ...)
Hong Kong too hot for Malaysia to handle
Hong Kong get their Rugby World Cup 2019 qualification bid off to a flying start with a 67-8 victory over hosts Malaysia in the Asia Rugby Championship. Hong Kong got their Asia Rugby Championship 2018 campaign off to a winning start with a 67-8 victory ... ( read original story ...)