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Month: May 2024

Posted on 07/05/2024

Singapore biotech firm Mirxes refiles HK IPO with target valuation of US$600 million

Singapore biotech firm Mirxes has refiled its draft prospectus for a Hong Kong IPO, with a target to raise at least US$100 million ($135.28 million) for a valuation of some US$600 million.

Posted on 07/05/2024

Hong Kong plans HK$100 million scheme to send NGO staff on ‘patriotic’ exchange trips to mainland China

Hong Kong authorities have proposed allocating HK$100 million (US$12.8 million) to social welfare organisations to arrange national study programmes and exchange tours to mainland China.

Posted on 07/05/2024

China’s Citic cuts around dozen investment bankers in Hong Kong, sources say

HONG KONG, May 7 (Reuters) - China's CITIC Securities (600030.SS) , opens new tab is cutting around a dozen investment banking jobs in Hong Kong, as slower listing and dealmaking activities pressured ...

Posted on 07/05/2024

Discovering Three Hong Kong Dividend Stocks With Yields Up To 8.3%

As global markets navigate through a mix of economic signals, with Hong Kong's Hang Seng Index recently witnessing a notable rise, investors are keenly watching the performance and potential of ...

Posted on 07/05/2024

Qatar, Hong Kong Seek To Bolster Investment Ties

This MoU signing is a follow-up from an earlier visit to Qatar by the Secretary for Financial Services and the Treasury, Christopher Hui, in 2023. Since then, Qatar leaders also visited Hong Kong ...

Posted on 07/05/2024

Hong Kong – Changes To The SFC’s Grant Scheme For Private Open-Ended Fund Companies.

Hong Kong - Changes To The SFC’s Grant Scheme For Private Open-Ended Fund Companies. Legal News and Analysis - Hong Kong - Capital Markets - ...

Posted on 07/05/2024

Hong Kong authorities offer taxi trade HK$2 rise in flag-fall rate for all cabs, undercutting industry proposal: sources

Chau Kwok-keung, chairman of the Hong Kong Taxi and Public Light Bus Association, said the idea of a reduced fare rise was disappointing, calling for authorities to crack down on ride-hailing firm ...

Posted on 07/05/2024

Hong Kong plans National Games test event for fencing at Kai Tak Sports Park, if venue is built in time

City’s fencing championships slated as one of the test events the city has vowed to stage six to 12 months before it co-hosts the Games.

Posted on 07/05/2024

HK mortgage loans in negative equity surpasses 32,000 in March

The delinquency ratio also jumped to 0.06% from 0.03% previously. The number of residential units in Hong Kong that are now worth less than their mortgage loans have increased to over 32,000 in March, ...

Posted on 07/05/2024

Hong Kong stocks snap 10-day winning streak as traders cash in on technical bull run

Hong Kong stocks retreated from an eight-month high as traders cashed in on the technical bull run. Robust tourism data for the Labour Day holiday period and easier property measures in mainland China ...

Posted on 07/05/2024

Hong Kong’s ‘golden week’ fireworks flop prompts industry veteran to urge authorities to manage tourists’ expectations better

Hong Kong Tourism Association's Timothy Chui says some mainland Chinese visitors felt let down by event marking Labour Day 'golden week' break City welcomed more than 180,000 travellers from across ...

Posted on 07/05/2024

Beijing to help Hong Kong rake in talent from mainland China and overseas, nation’s labour chief says

Beijing will work in tandem with Hong Kong authorities to make the city more attractive to talent from mainland China and the rest of the world, the country’s top official overseeing labour policies ...

Posted on 07/05/2024

Hong Kong police catch 5 suspected robbers as group storms into jewellery store

An initial investigation revealed the gang was carrying a knife and what appeared to be a handgun at the time,’ insider says.

Posted on 07/05/2024

Koran teacher pleads guilty to assaulting boy, 13, during lesson at Hong Kong Islamic learning centre

Pakistani defendant Shahzad Khan admitted to hitting, slapping and punching boy after failing to recite Koran verse.

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