U.S. stocks sold off earlier in the session but mounted a dramatic comeback as investors stepped in to buy beaten-up tech shares. ( read original story ...)
Hong Kong residential market sluggish as mortgage debt levels hit record highs
Debts reached HK$1,720 billion in November 2021. Hong Kong mass residential values declined 0.2% across the board in Q4 2021. Savills notes that the private housing affordability ratio reached 56.8% ... ( read original story ...)
JD Technology plans Hong Kong IPO of up to $2 billion this year: report
JD Technology’s expected listing is one of a number of long-awaited IPOs from Chinese vertical giants, including Hello Inc. and Ximalaya. ( read original story ...)
Hong Kong market will be unkind to old mass housing estates as prices slide in early weeks of 2022
The Centa-City Leading Index tracking prices in mass housing estates has retreated 3.4 per cent since it peaked on August 8 last year. The reading is set to weaken through the Lunar New Year, a ... ( read original story ...)
Omicron: tough social-distancing measures could hammer Hong Kong economy as experts predict slowdown in growth
Economists estimate growth levels of 1 to 2 per cent in first quarter of 2022 but say recovery will depend on duration of business restrictions. ( read original story ...)
Hong Kong leadership hopeful proposes land development, bridge to Lamma and mega-prison
Checkley Sin, who became the first person to announce his intention to run in Hong Kong’s small-circle chief executive election last Wednesday, has proposed building a Lamma Island mega-prison to ... ( read original story ...)
Hong Kong authorities shut down the region’s last independent news outlets
Someone is trying to preserve the news of the past in Hong Kong. Independent news about the present is getting hard to find. Under government pressure, the pro-democracy paper Apple Daily shut down, ... ( read original story ...)
Malaysian B2B Marketplace Startup Raises $7 Million To Help Digitalize Businesses
Dropee, a B2B e-commerce marketplace based in Malaysia, raised $7 million in Series A funding led by returning investor Vynn Capital. ( read original story ...)
FWD Group raises $200m ahead of Hong Kong IPO
Asian insurer FWD Group has raised $200m (£148m, €177m) in funding ahead of its planned Hong Kong initial public offering (IPO), according to Reuters. Reports said that the the two investors ... ( read original story ...)
HSBC adds portfolio advisory and analytics for experienced investors
Wealth Portfolio Plus’ empowers experienced investors with more options, visibility and control over their portfolios. ( read original story ...)
Hong Kong reports 109 new COVID-19 cases
Hong Kong reported 109 new confirmed cases of COVID-19 over the past 24 hours on Monday, taking the total tally to 13,395, according to data from the Center for Health Protection. The newly reported ... ( read original story ...)
Hong Kong billionaire loses half of her fortune in days amid China probe
Hong Kong-based Huabao International's billionaire CEO Chu Lam Yiu's wealth declined by 50% as shares of her company plunged 67% after a Chinese city's supervisory committee began probe into Chu for ... ( read original story ...)
Hong Kong rocked by mental health epidemic
Hong Kong is coping with a mental health crisis as the city's happiness index has fallen. Despite the growing crisis, the city's public health system is struggling to cope -- with some patients having ... ( read original story ...)
SG mental health startup Intellect closes $10m Series A round led by HOF Capital
The startup plans to expand to Hong Kong and Australia — these are developed markets with sufficient mental health awareness, Chew said — where a lot of Intellect’s new users are originating from. The ... ( read original story ...)