HONG KONG (Reuters/IFR) - China Tower, the world’s largest mobile mast operator, has won approval in Hong Kong for an IPO that could raise up to $10 billion, according to people familiar with the situation. The news comes as investors and bankers were on ... ( read original story ...)
Hong Kong’s “King Of Haunted Flats” Strikes Gold As Property Prices Rise
Ng Goon-lau pointed at a window inside a dark, tiny bedroom. The window was small and easily sealed, Ng explained, a perfect place for carbon monoxide poisoning. A man once burned charcoal to kill himself there. Another tenant, a policewoman, also hanged ... ( read original story ...)
JPMorgan goes on a hiring spree to retool its China banking team for serving technology unicorns
In May, the bank applied for approval to set up a majority-owned securities ... The reorganisation coincides with the overhaul that Hong Kong’s stock market operator and securities regulator pushed through last year, changing the city’s listing ... ( read original story ...)
HONG KONG: Sha Tin Sunday selections
1 Top Ace drops to Class 5 for the first time at his 31st Hong Kong start. The Italian Group 3 winner has run okay on this surface before and the booking of Joao Moreira is a positive move. He should be hard to beat. #7 Soccer Brave won for the third time ... ( read ...
Hong Kong can be a ‘powerful connection point’ for Belt and Road countries, city’s chief executive tells business summit
Hong Kong’s leaders were out in force on Thursday to promote the city’s advantages to capitalise on two ambitious technology and trade initiatives, but businesspeople urged the government to offer them more incentives. The city was poised to become ... ( read original story ...)
Top advisers approve proposals for vacancy tax and more affordable flats to help ease Hong Kong’s housing crisis
Hong Kong’s flat-hoarding developers are set to face an annual vacancy tax amounting to double a property’s annual rental income, after the city’s top advisory body on Thursday endorsed a basket of new measures aimed at easing the housing crisis. ( read original story ...)
Hang Seng Bank to relax loans rules, using big data and fintech to replace old-fashioned banking
Hang Seng Bank, the 85-year-old Hong Kong lender owned by HSBC, said it will allow existing customers with good credit histories to apply for personal loans, as it uses big data analysis and financial technology to replace old-fashioned banking practises. ( read original story ...)
Hong Kong, Macau pivotal players in massive criminal racket using Canadian casinos, ‘dirty money’ report claims
Hong Kong and Macau have been identified as “pivotal” players in an international criminal racket which has seen massive amounts of drug money and other illicit funds laundered through casinos in Canada, exacerbating the country’s opioid overdose ... ( read original story ...)
BOC Hong Kong : Statement on Fraudulent Websites
BOC Hong Kong (Holdings) Limited, BOCHK's holding company, is one of the largest listed companies on the main board of the Stock Exchange of Hong Kong, with stock code "2388" and ADR OTC Symbol "BHKLY". ( read original story ...)
Singapore and Hong Kong startups to be linked through fintech deal
They will be engaged in a shared network and mentorship programmes. Startups in Singapore and Hong Kong will be connected through the partnership of Lattice80 and SuperCharger. The deal will let fintech startups to engage in a shared network for expansion ... ( read original story ...)
A Hong Kong soccer star’s indiscretions and a World Cup widow’s rage: headlines from four decades ago
Hong Kong soccer star Eddie Loyden had his contract terminated after he was accused of having too many “late-night love activities”. The Caroline Hill striker fell foul of team boss Veronica Chiu when she made a late-night visit to his flat and found ... ( read original story ...)
Andreessen Horowitz is in talks to invest in virtual reality startup Sandbox VR
Andreessen Horowitz is in talks to invest in the startup, according to multiple sources familiar with the matter. The firm's general partner Andrew Chen may be spearheading the round. Sandbox VR, a Hong Kong-based virtual reality startup that licenses its ... ( read original story ...)
Hong Kong Billionaire Richard Li Weighs Insurance IPO
Hong Kong billionaire Richard Li is laying the groundwork for a potential initial public offering of his insurance company FWD Group after five years of building the business through acquisitions, people familiar with the matter said. FWD, which is backed ... ( read original story ...)
With unicorns in the pipeline, Hong Kong IPO markets will be ‘different’ in second half of 2018: EY
Hong Kong topped global rankings in terms of initial public offering volumes in the first half of 2018 and highly anticipated technology listings that are in the works in the six months ahead are expected to give markets an additional boost. The Chinese ... ( read original story ...)