OCBC Bank said the latest proposals send a clear message that fundamentals and transparency will be the course for China’s commercial banks to contain financial risks. The sector’s stocks rose strongly in both China SHCOMP, +0.32% and Hong Kong HSI ... ( read original story ...)
LeEco repays HK$807 million of China Merchant Bank debt
Shanghai: LeEco has repaid HK$807 million ($103.20 million) of a debt owed to China Merchants Bank and will seek to negotiate with the creditor to secure the release of some of its frozen assets, the wife of the embattled conglomerate’s founder said. ( read original story ...)
The $64 question facing startup founders and would-be founders
As StartmeupHK (http://www.startmeup.hk/), Hong Kong’s annual flagship startup event, gets set for its 2018 lineup of programs and events later this month, we examine a core question that underlies the very startup process: deciding to pursue the startup ... ( read original story ...)
Asian markets build on blistering start to year
Asian markets mostly rose on Tuesday with Hong Kong edging up for an eleventh straight trading day as investors press on with a global rally that has the region enjoy its best start to a year since 2006. Wall Street provided yet another record lead as eyes ... ( read original story ...)
Hong Kong IPO said to be 1,500 times oversubscribed in frenzy
C-Mer will complete order-taking on Monday (Jan 8) and start trading on Jan 15. A Hong Kong-based external spokesman for the company declined to comment on the IPO. Yixin Group, an online car loan provider backed by Tencent, has been trading below its IPO ... ( read original story ...)
Jack Ma to consider listing Alibaba on Hong Kong stock exchange
“Now I hope Alibaba can come back to list in Hong Kong,” Lam said. She said the stock exchange had decided to start allowing the dual-class share system in midyear, and described allowing the system as a form of economic innovation. I have never been ... ( read original story ...)
Most Asia stocks start week on a high, Hong Kong up for tenth day
Most Asian markets rose on Monday following yet more records on Wall Street, with Hong Kong chalking up its tenth day of gains. Traders in New York pushed all three main indexes ever higher on Friday, unperturbed by a well-below-forecast jobs reading. ( read original story ...)
Startup Societies UN’s Newest Scheme For Re-Engineering Society’s Future
and their sprawling suburbs and farms are a problem in the transition to startup societies.” SSF proposes the use of CO2-binding concrete, artificial photosynthesis, and vertical integration such as the laudable architectural high rises in Hong Kong ... ( read original story ...)
Hong Kong IPO ‘over 1,500 times oversubscribed’ in retail frenzy
HONG KONG • Investors are still flocking to initial public offerings ... It completed its order-taking yesterday and will start trading on Jan 15. Yixin Group, an online car-loan provider backed by Tencent, has been trading below its IPO price since ... ( read original story ...)
Advice from government bodies to Hong Kong’s universities could amount to meddling, lawmaker says
Any direct advice given by local or mainland government bodies to Hong Kong’s universities could amount to meddling with their institutional autonomy and academic affairs, a legislator has warned. The concerns were raised by education sector lawmaker Ip ... ( read original story ...)
HONG KONG PRESS: News Headlines On Tuesday, January 9
HONG KONG (Jan 09) -- Heres a roundup of local news: *Goldman, Citi Are in the Lead for Top Roles in Aramco IPO Saudi Arabian Oil Co. is set to appoint banks including Goldman Sachs Group Inc. and Citigroup Inc. to help manage its initial public offering ... ( read original story ...)
Alibaba founder says to consider Hong Kong listing: SCMP
HONG KONG (Reuters) - Alibaba Group Holding Ltd will consider a listing in Hong Kong, the South China Morning Post reported the company’s founder Jack Ma as saying - remarks which follow the city’s decision to allow dual class share listings. ( read original story ...)
Former Hong Kong home secretary Patrick Ho pleads not guilty in US court to offering US$2.9m in bribes to African presidents and ministers
Former Hong Kong home affairs secretary Patrick Ho Chi-ping has pleaded not guilty to corruption charges brought by a US federal court after he was accused of offering bribes worth a total of US$2.9 million to prominent African politicians. Ho was indicted ... ( read original story ...)
Bank staff enjoys 100pc mortgage
A staff of a local bank reportedly took out a 100 percent mortgage loan to purchase last month a flat at One Kai Tak for HK$11.16 million.The unit at the "Hong Kong property for Hong Kong people" development was constructed by China Overseas Land and ... ( read original story ...)