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Month: September 2023

Posted on 27/09/2023

Hong Kong’s Unity Group launches joint venture with UAE firm on green tech as John Lee’s Middle East push bears fruit

The Hong Kong government and its promotion of the city in the United Arab Emirates definitely helped’ land the deal, Unity chairman says.

Posted on 27/09/2023

Family offices from all corners of the globe eye Hong Kong as new incentives start to bear fruit, financial forum hears

Government efforts to attract billionaires to set up family offices in Hong Kong have already caught the attention of wealthy individuals from mainland China, Asia, the Middle East and further afield, ...

Posted on 27/09/2023

Hong Kong bourse operator HKEX to launch digital IPO platform FINI on November 22, eyes cutting settlement times from 5 to 2 days

Hong Kong Exchanges and Clearing, which operates Asia’s third largest stock market, will launch a long-awaited new digitalised IPO platform on November 22 in its latest push to reboot the city’s new ...

Posted on 27/09/2023

Bargain hunters lift Hong Kong stocks off 10-month lows as China data cheers investors with Alibaba rising on Cainiao’s IPO plan

Industrial profit for Chinese firms recorded the first gain this year in August, according to the statistics bureau Alibaba Group rallied after its logistic unit Cainiao applied for an initial public offering in Hong Kong Hong Kong's major stock index ...

Posted on 27/09/2023

Ex-Morgan Stanley bankers win coveted role on Hong Kong IPO of Alibaba unit Cainiao

Ampere Partners, a boutique Hong Kong-based firm founded by former Morgan Stanley deal makers Crawford Jamieson and Daniel Wetstein, will act as financial adviser on the deal, which could raise US$1 ...

Posted on 27/09/2023

Hong Kong’s lived-in home prices decline in August for the fourth straight month, as elevated interest rates and high inventory levels weigh

Hong Kong’s lived-in home prices declined for a fourth straight month in August, and the easing trend is seen continuing for the rest of the year given the elevated interest-rate environment and high ...

Posted on 27/09/2023

Haitong Securities Considers Taking Hong Kong Unit Private, Sources Say

Haitong Securities Co. is mulling to take private its Hong Kong-listed investment banking unit, people familiar with the matter said, as it seeks to gain full control to turn around the loss-making ...

Posted on 27/09/2023

Sunevision Launches The First Startup Programme

HONG KONG SAR - Media OutReach - 27 September 2023 - SUNeVision Holdings Ltd. (SUNeVision, SEHK: 1686), the number one data centre provid ...

Posted on 27/09/2023

Hong Kong Struggles with Generative AI Amidst Copyrights & Legal Concerns

This suggests that while the general public is eager to embrace AI, businesses remain skeptical due to murky legal waters.

Posted on 27/09/2023

Hong Kong’s crypto love meets its match – The details

A once radiant star in Hong Kong’s financial skies, cryptocurrency group JPEX painted the town teal-and-white. From dominating billboards in the financial district to owning ad spaces on taxis and ...

Posted on 27/09/2023

SFC puts small Hong Kong crypto exchanges under glare of public scrutiny as they pursue virtual asset licences

HKVAX, HKbitEX, Hong Kong BGE and Victory Fintech all tout their commitment to operating in accordance with crypto regulations The exchanges are just a few years old, with two owned by publicly-listed ...

Posted on 27/09/2023

As China stocks slide, trading sinks amid US$955 billion market wipeout in Hong Kong, Shanghai and Shenzhen

Traded volume in Hong Kong's stock market slumped to a one-year low on September 20, or 38 per cent below the average in the first half Some US$955 billion has been erased from stock capitalisation in ...

Posted on 27/09/2023

Crypto Blowup in Hong Kong Tests Its Embrace of Retail Trading

The footage was beamed out to television viewers across Hong Kong early last week: a young man dressed in a black polo shirt, navy blazer and gray trousers being led out by police from an office tower ...

Posted on 27/09/2023

China’s gold imports via Hong Kong bounce back in August

China's gold imports via Hong Kong rebounded in August from the previous month, data showed on Tuesday, with the issuance of fresh quotas to local banks likely to boost shipments into the world's top ...

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