Hang Seng Bank will roll out ... to receive mobile reminders from the Bank without relying on SMS, which should prove particularly useful for customers whose business frequently takes them outside Hon... ( read original story ...)
Residential Mortgage Survey Results for June 2018
The following is issued on behalf of the Hong Kong Monetary Authority: The Hong Kong Monetary Authority (HKMA) announced the results of the residential mortgage survey for June 2018. The number of mor... ( read original story ...)
Hong Kong fintech fundraising slows down to a trickle as China steals the show in the first half
“The fall was due to many Hong Kong start-ups having already raised funds last year,” said Joseph Tong Tang, chairman of Morton Securities, who also invests in fintech start-ups, adding that the lull ... ( read original story ...)
China’s Sinochem Energy files for $2 billion Hong Kong listing
HONG KONG (Reuters) - Sinochem Energy, a unit of China’s state-owned Sinochem Group, has filed for a Hong Kong initial public offering (IPO) of about $2 billion, as the group seeks to raise capital am... ( read original story ...)
Hong Kong: HANG SENG INDEX (.HSI) caution ahead of the policy statement of Bank of Japan’s two-day meeting due on Tuesday
Hong Kong share market were lower on Monday, 30 July 2018, following Wall Street’s downbeat finish last week and on caution ahead of the policy statement of Bank of Japan’s two-day meeting due on Tues... ( read original story ...)
Hong Kong home prices start to lose steam as price growth slows for second straight month in June
The prices of lived-in homes in Hong Kong gained for a 27th straight month in June, but the rate of increase slowed down for a second straight month. An index of secondary-market home prices rose 6.3 ... ( read original story ...)
Hong Kong home prices hit another record, but could face headwinds
A 650-square-foot flat on Hong Kong Island would cost nearly HK$11.5 million ($1.47 million), according to calculations using June data from property agency Midland Realty. But after a 27-month-long r... ( read original story ...)
Macau casino heiress pays HK$900 million for Peak mansion in Asia’s second-costliest property
She ranks as the second richest woman in Hong Kong, trailing Kingston Financial Group’s Pollyanna Chu Yuet Wah, with a net worth of US$12 billion, according to Forbes. Ho been managing director of Shu... ( read original story ...)
Hong Kong director share buying falls, but property firms still top list of buy-backs
Hong Kong company directors may be experiencing buying fatigue after recording heavy purchases of their own companies’ shares in recent weeks, with activity falling for a second straight week, althoug... ( read original story ...)
Billionaire Li’s FWD Said to Mull Singapore Dual-Class IPO
The Hong Kong-based company is also considering its home city as a potential listing venue, the people said. FWD has started laying the groundwork for an IPO that could take place in the next couple y... ( read original story ...)
People are mocking Hong Kong’s new $100 bill for resembling “hell money”
The Hong Kong Monetary Authority (HKMA), and the three note-issuing banks (NIBs) (Standard Chartered Bank (Hong Kong) Limited, Bank of China (Hong Kong) Limited and The Hongkong and Shanghai Banking C... ( read original story ...)
Ex-assistant chairman of China’s banking regulator sentenced to 16 years in prison: state media
HONG KONG (Reuters) - The former assistant chairman of China’s banking regulatory commission has been sentenced to 16 years in prison for accepting bribes, state media said on Thursday, as the Chinese ... ( read original story ...)
Could red tape stifle interest in Hong Kong government’s US$255 million fund for tech start-ups?
Venture capitalists chosen to take part in the Hong Kong government’s HK$2 billion (US$254.9 million) Innovation and Technology Venture Fund (ITVF) have expressed concerns that too much paperwork and ... ( read original story ...)
China Startups Brace For ‘Capital Winter’ As VC Funding Slows
Speaking on the sidelines of Forbes Asia’s Under 30 Summit in Hong Kong, a number of young investors and honorees ... “There is too much money in China. The not qualified startups are getting funding, ... ( read original story ...)