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Month: October 2024

Posted on 25/10/2024

Hong Kong minister defends 2-month wait to reveal alleged rape case at care home

Chris Sun says mental state of victims and their families part of decision to delay details of allegations against Hong Chi Association employee.

Posted on 25/10/2024

China Market Update: TAL Terrific As Hong Kong/Mainland China Work Off Their Overbought Weekly Distribution

Asian equities followed US stocks lower overnight despite the US dollar’s weakness.

Posted on 24/10/2024

Hong Kong IPO Swells China Software Tycoon’s Fortune to $1 Billion

Shares of his company Horizon Robotics Inc., which debuted in Hong Kong on Thursday, rose more than 30% in early trading, lifting the machine learning expert’s fortune to as much as $1.2 billion, ...

Posted on 24/10/2024

Former Hong Kong leader CY Leung cautions on housing oversupply

Leung warns of potential housing oversupply from new projects, urging careful demand estimation and financial planning to avoid issues.

Posted on 24/10/2024

HSBC Hong Kong joins China’s alternative to Swift global payments system

$468 $279 for your first year, equivalent to $23.25 per month. Make up your own mind. Build robust opinions with the FT’s trusted journalism. Take this offer before 24 October.

Posted on 24/10/2024

Chinese Courier Giant SF Express Is Said to Target Second Listing in Hong Kong on Nov. 27

SF Holding Co., China’s biggest express delivery company, is targeting a second listing in Hong Kong at the end of next month that could raise about $1 billion, according to people familiar with the matter.

Posted on 24/10/2024

Hong Kong officials took 1½ years to handle ‘priority’ land abuse case: ombudsman

Lands Department slammed for failing to swiftly resolve case, while ombudsman urges more collaboration among officials A Hong Kong government department took 1 1/2 years to take action on what should have been a priority case involving illegal occupation of public land,

Posted on 24/10/2024

Former Baidu AI Scientist’s Autonomous-Driving Tech Startup Horizon Robotics Rises In Hong Kong Debut

The Volkswagen-backed company ended its first trading day at HK$4.1, up 2.8% from its HK$3.99-a-share IPO price. Its stock surged as much as 38% in intraday trading.

Posted on 24/10/2024

Hong Kong Slashes Tax To Capture $33.8 Billion Whisky Market

Hong Kong's dramatic 90% tax cut on spirits is poised to transform the region into Asia's premier whisky destination, opening up exciting new possibilities for the global whisky market.

Posted on 24/10/2024

‘Very lucky’: Hong Kong discovers dinosaur fossils for the first time

Scientists have discovered dinosaur fossils for the first time in Hong Kong.Initial analysis showed that the fossilized bone belonged to a large dinosaur from the Cretaceous period about 145 million ...

Posted on 24/10/2024

Chinese Self-Driving Tech Startup Horizon Robotics Soars on Hong Kong Debut

Since its establishment, Horizon has completed 11 financing rounds, raising a total of over USD8.7 billion from pre-IPO investors such as Chinese carmakers SAIC Motor and BYD, private equity giant ...

Posted on 24/10/2024

Hong Kong developers CK Asset, Sun Hung Kai, Swire to feel earnings pain: Moody’s

Hong Kong developers are likely to report weak earnings this year and next despite recent stimulus measures, as the commercial market prepares for a supply glut and residents seek to splurge either on ...

Posted on 24/10/2024

Horizon Robotics’ Shares Jump After $696 Million Hong Kong IPO

Shares of Horizon Robotics climbed in their trading debut in Hong Kong Thursday, adding to optimism over a revival in initial public offerings in the Asian financial hub.

Posted on 24/10/2024

BOC HONG KONG (02388.HK) Sees Surge in Customer IPO Subscriptions

Banco Yiu, Assistant General Manager of the Personal Digital Banking Product Department at BOC HONG KONG (02388.HK), stated that benefiting from the restart of the interest rate cut cycle and the ...

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