(Bloomberg) -- Hong Kong is getting a second chance to land the record-breaking deal that got away. Five years after Alibaba Group Holding Ltd. spurned the city’s stock exchange for a $25 billion ... ( read original story ...)
CSSC Shipping launches IPO to raise HK$2.2b
CSSC (Hong Kong) Shipping, the sole leasing company under China State Shipbuilding Corporation, launches a Hong Kong initial public offering today to raise up to HK$2.18 billion.The mainland leasing ... ( read original story ...)
China’s First Bank Seizure in 20 Years Spooks Investors
(Bloomberg) -- The Chinese government’s first seizure of a bank in more than two decades piles fresh pressure on shares of small lenders that already trade at rock-bottom valuations. A Bloomberg index ... ( read original story ...)
Hong Kong’s Second-Richest Man Joins Aging Tycoons in Retirement
(Bloomberg) -- Hong Kong’s second-richest man, Lee Shau Kee, is stepping down as chairman of Henderson Land Development Co., joining the ranks of the city’s aging tycoons handing the reins to the next ... ( read original story ...)
China’s online lenders will give Hong Kong banks a sharp lesson
Their firepower stands to go a long way in eroding the highly profitable cartel of HSBC and its Hang Seng Bank subsidiary in Hong Kong. Hang Seng, in which HSBC holds more than 60%, has ... ( read original story ...)
Influential Hong Kong business body calls for extra safeguards in government’s controversial extradition bill
Three extra layers of safeguards should be introduced to Hong Kong’s contentious extradition bill as those in place do not go far enough, one of the city’s most influential business groups told the ... ( read original story ...)
Hong Kong Hello Kitty Murder: meth paranoia or product of a violent decade and the films it spawned?
Photo: SCMP Hong Kong was plagued by a rash of gang violence in the 1990s. Criminals such as “Big Spender” and “Teeth Dog” were household names, their bold attacks and robberies regularly splashed ... ( read original story ...)
Hong Kong’s Rosewood hotel offers the luxury of space
The luxuriousness begins with a drive up a curving cobblestoned driveway toward the gleaming golden tower, designed by New York architects Kohn Pedersen Fox Associates to be the flagship of the ... ( read original story ...)
Room for each: Supply catching up with demand in Hong Kong’s high-end hotel market
The St. Regis touts itself as the easternmost luxury property on Hong Kong Island, situated in Wan Chai, an area known for its bars and restaurants. Modelled after the chain’s first location in New ... ( read original story ...)
Hong Kong’s financial watchdog fines China Merchants Securities HK$27 million for ‘failed’ IPO sponsor duty
The Hong Kong subsidiary of one of China’s largest brokerages has been fined by the Securities and Futures Commission for its sponsor work related to the listing of China Metal Recycling The fine ... ( read original story ...)
Hong Kong regulator fines China Merchants $3.4 mln for IPO failure
HONG KONG, May 27 (Reuters) - Hong Kong’s securities watchdog has fined the local unit of investment bank China Merchants Securities Co Ltd (CMS) HK$27 million ($3.4 million) for breaching its code of ... ( read original story ...)
Shanghai ends seven-day losing streak while Hang Seng Index falls on thin trading
Mainland stocks posted solid gains while Hong Kong’s Hang Seng Index finished lower on thin trading ... and China Construction Bank, down 0.64 per cent at HK$6.21. Selective Chinese financials also ... ( read original story ...)
Strategist predicts Hang Seng at 31,000 by year end
The Hang Seng Index will climb to 31,000 points at the end of this year, supported by better-than-expected corporate earnings growth, the Hongkong and Shanghai Banking ... by about 0.3 percentage ... ( read original story ...)
Huawei Supplier Surges in Hong Kong After Canceling NYSE Listing
To contact Bloomberg News staff for this story: Jeanny Yu in Hong Kong at jyu107@bloomberg.net;April Ma in Beijing at ama112@bloomberg.net To contact the editors responsible for this story: Sofia ... ( read original story ...)