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Month: August 2022

Posted on 03/08/2022

Hong Kong government condemns overseas activists attempting to set up ‘Hong Kong Parliament’ in exile

The city’s Security Bureau issued a statement on Wednesday to severely condemn three Hong Kong activists, who are now living overseas, over their attempt to form a so-called "Hong Kong Parliament", ... ( read original story ...)

Posted on 03/08/2022

Why Chinese Firms Are Upgrading Their Hong Kong Listings

When New York-listed Alibaba Group Holding Ltd. said in July it wanted to change its “secondary” listing status in Hong Kong to “primary,” it wasn’t the first and may not be the last Chinese company ... ( read original story ...)

Posted on 03/08/2022

Four eco-friendly Hong Kong businesses that will keep you cool all summer

From craft beer brewed from stale bread to coffee served in edible cups, Hong Kong businesses are doing their bit to reduce the impact of climate change. ( read original story ...)

Posted on 03/08/2022

Letter from space sends Hong Kong student over the moon

Along with the letter, Chen Dong also recorded a video in the space station to share the student's letter and his reply. Teachers and students from the school gathered to watch the video together. In ... ( read original story ...)

Posted on 03/08/2022

Hong Kong mahjong carver among the last of his kind

Eyebrows furrowed in careful concentration as he chisels images and Chinese characters onto mahjong tiles, 70-year-old Cheung Shun-king is one of the last craftsmen of his kind in Hong Kong. ( read original story ...)

Posted on 03/08/2022

Hong Kong property investments surge 52% to USD2.2b in Q2

The total investments for H1 is now at USD3.7b. The record-high rate hike by the US Federal Reserve caused investors to delay their decisions during the second quarter of 2022, but Colliers believes ... ( read original story ...)

Posted on 03/08/2022

Hong Kong should stop building Home Ownership Scheme flats, reallocate land for public rental houses, says JLL boss

The waiting time for a public rental property currently stands at 6.1 years, a 23-year high 'There is no reason to help people buy houses when the situation is so critical,' says Joseph Tsang, ... ( read original story ...)

Posted on 03/08/2022

Hong Kong banks may raise prime rate as soon as this month as costly defence of US-dollar peg drives up cost of money, analysts say

Six out of 10 analysts surveyed by the South China Morning Post believe the Hong Kong prime rate will increase by 12.5 to 25 basis points Most analysts surveyed expect a rate increase to come in ... ( read original story ...)

Posted on 03/08/2022

Hong Kong prime rate increase could hit this month, some analysts say, as costly defence of US-dollar peg continues

Six out of 10 analysts surveyed by the South China Morning Post believe the Hong Kong prime rate will increase by 12.5 to 25 basis points Most analysts surveyed expect a rate increase to come in ... ( read original story ...)

Posted on 03/08/2022

Shares of a Chinese tech firm are up more than 32,000% since its July IPO – and even the company has no idea why

AMTD Digital trades on the New York Stock Exchange and priced its IPO at $7.80 a share. On Tuesday, the stock hit a high of $2,521.72. ( read original story ...)

Posted on 03/08/2022

Shares of a Chinese tech firm are up more than 18,000% since its July IPO — and even the company has no idea why

AMTD Digital trades on the New York Stock Exchange and priced its IPO at $7.80 a share. On Tuesday, the stock hit a high of $1,182.50. ( read original story ...)

Posted on 02/08/2022

HKD IPO Update: AMTD Digital Stock Skyrocketing Since July Debut

Yet, HKD stock is surging and investors are reaping the rewards. Will the HKD IPO go down as one of the most successful public debuts in recent years? Or will this momentum hit an inevitable wall ... ( read original story ...)

Posted on 02/08/2022

HSBC Leaders Try to Placate Restive Hong Kong Shareholders

Leaders seek to convince small investors that splitting off the Asian business wouldn’t benefit them. ( read original story ...)

Posted on 02/08/2022

Three Hong Kong SPACs Let IPO Filings Lapse

Three blank-check companies have let their listing applications lapse in Hong Kong after first filing them in late January. The special-purpose ... ( read original story ...)

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