Ping An Insurance said on Monday evening that it has got the go-ahead from the Hong Kong exchange to list its health care technology unit on the main board. “The stock exchange has confirmed that the company may proceed with the proposed spin-off and ... ( read original story ...)
Hong Kong’s Exchange Fund posts best returns ever, thanks to global stocks rally
Hong Kong’s Exchange Fund, the city’s reserves and cash war chest for defending its currency’s value, has posted its best investment return ever, thanks to buoyant global stock markets. The Exchange Fund posted total returns of HK$252 billion last ... ( read original story ...)
Hong Kong’s new justice chief dogged by property scandal
HONG KONG – Lawmakers have been grilling Hong Kong's new justice secretary over a controversy surrounding illegal additions to her home that has highlighted concerns about rule of law in the semiautonomous Chinese city. Teresa Cheng faced intense ... ( read original story ...)
Hong Kong lawyers condemn ‘unlawful’ disqualification of candidate
HONG KONG (Reuters) - A group of Hong Kong lawyers on Monday condemned a ban on a democracy activist by the territory's government to prevent her from contesting a by-election, describing it as the suppression of free expression and a curb on voting. ( read original story ...)
Hang Seng’s 7-day win streak snapped as Hong Kong market takes a breather
HSI financial sector sub-index is 0.7 percent lower; property sector down 0.9 percent Jan 29 (Reuters) - Hong Kong’s Hang Seng Index fell on Monday ... The top gainers among H-shares were Postal Savings Bank of China Co Ltd up 5.03 percent, followed ... ( read original story ...)
Fintech startups: A comparison of Israel and Hong Kong
Israel is known as the ‘startup nation’ and more and more entrepreneurs there are turning their creativity to the FinTech arena. With the exception of Silicon Valley, Israel is the world’s top incubator for startups — and fintech is increasingly ... ( read original story ...)
China’s Agile says unit plans $600 mln IPO in Hong Kong
HONG KONG, Jan 29 (Reuters) - China property developer Agile Group Holdings Ltd said it was looking to list its property management unit on the main board in Hong Kong, raising up to HK$4.7 billion ($600 million) to fund investments, acquisitions and ... ( read original story ...)
As M&A deals for Hong Kong insurers triples in 2017, all eyes are now on MetLife
“The insurance market continues to be both appealing and a growth sector especially with regards to mainland related business. The trend for Hong Kong insurers to be takeover targets will continue,” Pogson said. MetLife Hong Kong is reportedly the ... ( read original story ...)
Hong Kong’s Hang Seng Closes at Record High
Meanwhile, Hong Kong stocks look “somewhat on the pricey side,” said Johan Jooste, chief investment officer at Bank of Singapore, in a news conference last week. The Hang Seng trades with a forward price-to-earnings ratio of 13.4, according to data ... ( read original story ...)
Design incubator boosts startups
I hope my video can be seen everywhere. Voiceover: Mr Lau teamed up with friends to launch a multimedia video production startup company in Hong Kong four years ago. They joined the Design Incubation Programme last year and received sponsorship to open an ... ( read original story ...)
Outrage in Hong Kong as activist is barred from polls
Pro-democracy groups took to the streets of Hong Kong on Sunday to protest the government's decision to disqualify a prominent activist from legislative elections in March. Agnes Chow, 21, was seeking to become Hong Kong's youngest council member ever ... ( read original story ...)
Hong Kong’s political opposition set to benefit from ‘sympathy votes’ after activist barred from by-election
Hong Kong’s opposition politicians are hoping to turn a setback to their advantage and harvest more votes from supporters outraged by the banning of pro-democracy activist Agnes Chow Ting from running in the coming Legislative Council by-election. ( read original story ...)
No grounds to ban any more Legco candidates, Hong Kong lawyers say after activist’s ban
Legal professionals, including a top adviser to Hong Kong’s leader, see no grounds for electoral authorities to ban any more candidates from running in the coming Legislative Council by-election after pro-democracy activist Agnes Chow Ting was ... ( read original story ...)
Hong Kong police finally defuse 450kg wartime bomb, 26 hours after it was unearthed
It was only the second time in Hong Kong history that such a large bomb had been discovered in an urban area, and it brought parts of the district to a standstill. Police experts began the final process to disarm the unexploded second world war ordnance ... ( read original story ...)