Investor sentiment appears to be lackluster for “new economy” Chinese companies. Tencent Music says it’s heading to the U.S. for its IPO. The U.S.-China trade war is weighing on the outlook for Chines... ( read original story ...)
A second look at Hong Kong
IF you’re flying via Cathay Pacific, you need to check out their first class/business class lounges at the Hong Kong International Airport. The flagship lounge is The Wing on Level 7, which is 1,697 s... ( read original story ...)
Hong Kong property market can be cooled if land sale terms are pegged to ready flat prices
Readers of the letters column would have seen a lot of suggestions made by correspondents for solving the city’s housing problem. The common goal is to free up more land for housing development, so th... ( read original story ...)
Singapore Says Hong Kong Declined 2016 Request to Arrest Low
a representative for Singapore’s police said Wednesday in response to Bloomberg News queries. “Singapore’s request was declined by the Hong Kong authorities,” the Singapore police said, without elabor... ( read original story ...)
Senior Bahrain team attends China startup summit
A high-level Bahrain business delegation, led by the Startup Bahrain initiative - Bahrain Economic Development Board (EDB), Tamkeen (Labour Fund), Ministry of Industry Commerce and Tourism, are curren... ( read original story ...)
SmartTones named top startup at Infiniti Lab Toronto’s Demo Day
As winner of the Demo Day, SmartTones will move on to participate in Infiniti Lab Hong Kong, a three-month global program that provides startups access to business mentorship and the opportunity to co... ( read original story ...)
Residential Mortgage Survey Results for May 2018
The Hong Kong Monetary Authority (HKMA) announced the results of the residential mortgage survey for May 2018. The number of mortgage applications in May decreased month-on-month by 2.7% to 14 491. Mo... ( read original story ...)
Xiaomi’s deflated IPO: What are the lessons?
Xiaomi, Hong Kong’s first listing with multiple-class share structure, made a weak trading debut on Monday. One can only speculate now as to whether the tepid investor response was due to bad timing f... ( read original story ...)
Exclusive: JD.com’s finance unit raises $2 billion, doubles valuation – sources
HONG KONG (Reuters) - JD.com Inc’s finance arm has raised at least 13 billion yuan ($1.96 billion) in fresh equity from Chinese investors, doubling its valuation ahead of an expected initial public of... ( read original story ...)
Hong Kong mourns as Tin Ka-ping ‘a great educator’ and philanthropist who donated his fortune to help others dies aged 99
Respected Hong Kong entrepreneur and philanthropist Tin Ka-ping has died. He was 99. Tin Ka Ping Foundation, a charity founded by Tin, announced the news on its official website on Tuesday. The messag... ( read original story ...)
Hong Kong: HANG SENG INDEX (.HSI) stocks flat; China June inflation accelerates
Hong Kong shares ended Tuesday roughly flat on Tuesday ... which threaten to hurt Chinese exports and dampen business sentiment. The Hang Seng index was unchanged at 28,682.25, while the China Enterpr... ( read original story ...)
HK tax loophole undermines property cooling measures
Government efforts to cool Hong Kong’s soaring property prices have been undermined by loopholes in the territory’s stamp duties, according to a new study. The research showed that a total of HK$8.3bn ... ( read original story ...)
Listing reforms have made Hong Kong more competitive, says new financial advisory council chief
Laurence Li Lu-jen, who takes over as chairman of Hong Kong’s Financial Services Development Council, said on Tuesday listing reforms and other measures introduced by the government recently had enhan... ( read original story ...)
Surge in Hong Kong bankers wanting jobs at “price butcher” banks
“There’s now an increased willingness by ECM bankers from bulge bracket firms to move to Chinese banks,” says Yvette Kwan, a former APAC investment banking COO at UBS, now a partner at Hong Kong finan... ( read original story ...)