Hong Kong-based investment holding company CK Asset Holdings 1113.HK has agreed to divest property assets for HK$20.77 billion ($2.65 billion). CK Asset said on Wednesday its subsidiary would sell ... ( read original story ...)
Hong Kong’s November financial summit gets the endorsement of global bankers, HKMA’s Yue says
Thirty CEOs of banks including Goldman Sachs, HSBC, Standard Chartered and UBS will attend the Global Financial Leaders' Forum on November 1 and 2 Blackstone's president Jonathan Gray, Goldman's ... ( read original story ...)
Hong Kong sees massive travel surge after lifting hotel quarantine protocol
Plane ticket prices to and from Hong Kong recently underwent a massive surge after the city announced it would finally ease its COVID-19 protocols for arriving tourists and returning residents. For ... ( read original story ...)
Hong Kong’s subdivided flats: depression, cockroaches, rats and shame add up to misery for people in subdivided flats
Poor living conditions take a toll on physical, mental health of 220,000 sharing the city’s smallest living spaces with many others. ( read original story ...)
CALB Raises $1.3 Billion in Hong Kong IPO Priced at Bottom
CALB Co., a Chinese battery supplier for electric vehicle makers, has raised about HK$10.1 billion ($1.3 billion) after pricing its Hong Kong initial public offering at the bottom of its marketed ... ( read original story ...)
Hong Kong defends currency peg amid outflow of capital chasing US dollar assets
Ten major lenders - including the three note-issuing banks HSBC, Standard Chartered, and Bank of China (Hong Kong) - only increased their best lending rates last Friday or this week by 12.5 basis ... ( read original story ...)
Hong Kong’s Hang Seng slumps more than 3%, leading sharp falls in Asia session
Hong Kong stocks led sharp losses in Asia-Pacific markets after the S&P 500 set a new 2022 low overnight on Wall Street. The offshore and onshore Chinese yuan reached weakest levels since 2008 and the ... ( read original story ...)
StartmeupHK Festival showcases Hong Kong and Greater Bay Area’s thriving start-up scene – and its potential in the metaverse
The annual conference, presented by InvestHK, drew business leaders, entrepreneurs and investors to a range of events that covered tech developments in the metaverse, healthcare, real estate and ... ( read original story ...)
Hong Kong stocks extend losses as Alibaba, Tencent retreat, currency slump adds to sell-off pressure
Stocks continue a slide towards the lowest level in more than 11 years. The offshore yuan trades at a record low while the HKMA intervenes to support the Hong Kong dollar peg. ( read original story ...)
Ancient Chinese art, porcelain and furniture from late Hong Kong tycoon’s private collection to open for public viewing and auction
Four hundred pieces from property magnate Joseph Hotung’s Chinese art collection, much of which was only ever privately displayed, will open for viewing and sale in Hong Kong in October. ( read original story ...)
After Pandemic Barriers, Can Hong Kong Recover as a Global Metropolis?
Officials are saying the city will bounce back. But even before 2020, Chinese control was changing Hong Kong’s character and driving people away. ( read original story ...)
Hong Kong’s largest IPOs for 2022 set to open in the red on Thursday
Chinese electric vehicle maker Zhejiang Leapmotor Technology and China Vanke , unit Onewo Inc shares, two of Hong Kong's largest inital public offerings (IPO) of 2022, are set to open in the red, ... ( read original story ...)
CALB Is Said Poised to Price Hong Kong IPO at Bottom of Range
CALB Co., a Chinese battery supplier for electric vehicle makers, is telling prospective investors it plans to price its Hong Kong initial public offering at the bottom of its marketed range, ... ( read original story ...)
Hong Kong home prices fell in August to lowest since February 2019, unlikely to be boosted by ‘0+3’ quarantine relaxation
The prices of homes in Hong Kong fell by 2.26 per cent in August to their lowest level in three-and-a-half years, and are unlikely to get much support from the city’s reduced Covid-19 hotel quarantine ... ( read original story ...)