Hong Kong’s biggest mortgage lenders kept their prime rates unchanged immediately after the monetary authority’s June 16 move, giving homebuyers the opening to get ahead of higher borrowing costs. ( read original story ...)
New issuers line up for Hong Kong IPOs
Five Chinese companies took their Hong Kong IPO plans to the next step this week despite a difficult market environment. Weilong Delicious Global Holdings and Miniso Group have passed their listing ... ( read original story ...)
Talent drain: Could Hong Kong shift from a financial to tech giant?
Hong Kong’s status as a global business center is waning and some say a transformation is due. Last year, 90,000 people left Hong Kong and during the second wave of COVID this year, more than 100,000 ... ( read original story ...)
How the world’s ‘most high-profile kleptocracy case’ didn’t stop the sale of this Hong Kong penthouse
A penthouse in one of Hong Kong’s swankiest property developments sold for $36.5-million to a company linked to Gulnara Karimova, daughter of the late Uzbekistan dictator Islam Karimov – bringing to l ... ( read original story ...)
Evergrande vows to oppose Hong Kong lawsuit from small creditor
China Evergrande said that it would “vigorously” oppose a winding-up petition filed by a small creditor as the world’s most indebted property developer comes under pressure from investors cut out of ... ( read original story ...)
Hong Kong’s luxury home rents fall as expats leave in droves due to Covid curbs, while New York, Toronto and Singapore see gains
Prime rents in Hong Kong fell 1.1 per cent quarter on quarter in the year's first three months Rents for Hong Kong's high-end homes have slipped 6.8 per cent since the pandemic started in 2020 Hong ... ( read original story ...)
The transformation of Hong Kong in five charts
OUTSHINED BY MAINLAND CHINA While Hong Kong retains an outsized, indirect contribution to China's economic growth given its status as the only Chinese financial centre not subject to capital controls, ... ( read original story ...)
FAST FACTS: Major finance milestones as Hong Kong marks 25 years since handover
Hong Kong returned to China in 1997 after 156 years of British colonial rule. Here are some major milestones for the city’s financial markets: Hong Kong dollar tra ... ( read original story ...)
Hong Kong SaaS Startup Raises $8 Million In Funding Led By Tiger Global
Other investors in the round included existing investor Alibaba Entrepreneurs Fund and Hong Kong-based Transcend Capital. ( read original story ...)
Tuya Seeks Hong Kong IPO To Hedge U.S. Delisting Risk, But Investors Are Wary
With the possibility of being forced to delist from the U.S. market by the SEC, Tuya is primarily seeking a safe harbor and only aims to raise a conservative HK$140 million. ( read original story ...)
Hong Kong 25 years on: A bigger role in nation’s opening-up
As the country opens its door wider, Hong Kong will see its position and role grow stronger rather than diminish, said Chinese President Xi Jinping in 2018. ( read original story ...)
Hong Kong confirms Chinese leader Xi’s visit for anniversary
Hong Kong police confirmed Tuesday that Chinese President Xi Jinping will visit the city this week for the 25th anniversary of the former British colony’s return to Chinese rule. Xi will attend a ... ( read original story ...)
Hong Kong investigates block and derivatives trading after Archegos collapse
Hong Kong’s top financial watchdog will tighten oversight of block and derivatives trading by banks and investment funds following scandals in the US, an official in the territory said on Tuesday. ( read original story ...)
Factbox-What’s changed – or stayed the same – since Hong Kong returned to China
Hong Kong returned to China in 1997 after 156 years of British colonial rule. China promised the city wide-ranging freedoms denied to those in mainland China for 50 years, although some say China has ... ( read original story ...)