HONG KONG (Reuters) - Chinese electric vehicle startup Nio has hired eight banks including Morgan Stanley and Goldman Sachs to work on a planned U.S. stock market listing this year worth up to $2 billion, people with knowledge of the matter told Reuters. ( read original story ...)
Hong Kong unveils expansionary budget, push into innovative industries
Over HK$50 billion ($6.4 billion) would be earmarked for “investing in the future”, Chan said, to help innovative and creative industries include a start-up fund and investments in sectors such as fintech. Hong Kong is widely seen to be lagging far ... ( read original story ...)
Hong Kong’s budget to push for fintech, innovative industries
Over HK$50 billion ($6.4 billion) would be earmarked for "investing in the future", Chan said, to help innovative and creative industries include a start-up fund and investments in sectors such as fintech. Hong Kong is widely seen to be lagging far behind ... ( read original story ...)
(Budget) HK$200m for Cyberport to help startups
outside Hong Kong, he says. "The financial assistance offered under Cyberport’s incubation program to individual start-ups will also increase by 50 percent to HK$500,000.'' ( read original story ...)
Hong Kong’s economy seen moderating but expansionary budget to lend support
HONG KONG (Reuters) - Strong consumption ... He will also seek to help innovative and creative industries through tax incentives, a start-up fund and investments in sectors such as artificial intelligence, fintech and biomedical science, with the city ... ( read original story ...)
20 Hong Kong delegates to skip flying in favour of train to Beijing for annual political meetings
But from September the journey could start at Hong Kong’s West Kowloon after a cross-border rail line opens connecting the city to the national network. Their decision to opt for the train is being seen as a publicity stunt to promote the Guangzhou ... ( read original story ...)
A bike-sharing startup just quit France after the ‘mass destruction’ of its fleet
The startup continues to offer its bike-sharing service in Hong Kong. Such dockless bike schemes rely heavily on the goodwill and decency of just about everyone in the city where they operate, after all, it only takes a few individuals to cause ongoing and ... ( read original story ...)
Hong Kong finance chief set to announce close to HK$50 billion in relief measures for city hospitals and taxpayers
Hong Kong’s much-awaited budget on Wednesday will offer relief measures worth as much as around HK$50 billion, along with a key longer-term initiative for a primary health care network in all 18 districts to ease the burden on hospitals, the Post has ... ( read original story ...)
Top Hong Kong developers step up expansion amid property boom
HONG KONG -- Top Hong Kong property developers are accelerating their pace of land-buying after a year-long slowdown, as the once-formidable mainland companies largely drop out of auctions. The restart of land expansion came after another record-breaking ... ( read original story ...)
Hong Kong’s Aoyuan has big plans in Vancouver, Toronto
Hong Kong’s Aoyuan Property Group went international for the first time with a development in Sydney, Australia in 2015. Now it has projects planned for Vancouver and Toronto. “It seemed like a logical extension from the market in Sydney, that’s very ... ( read original story ...)
Hong Kong builder New World Development’s interim core profit falls 16pc, but still beats estimates
the contracted sales in Hong Kong have surpassed HK$7.0 billion. The company declared an interim dividend of 14 HK cents per share. “Core profit [derived from the company’s main or principal business, less all expenses for the main activities as ... ( read original story ...)
LINE Expands Operations in Hong Kong with Launch of LINE TODAY
LINE TODAY brings localized news content to Hong Kong users and offers media a new channel to reach people - As a global messaging app and lifestyle platform, LINE seamlessly connects Hong Kong users to all types of people, content and services HONG KONG ... ( read original story ...)
Hong Kong schools take flu precautions as classes resume after extended Lunar New Year break
Hong Kong schools have been taking extra precautions against flu, including cancelling assemblies and asking pupils where they have travelled, as most classes resumed on Monday after an extended Lunar New Year holiday. Pupils at most of the city’s 1,600 ... ( read original story ...)
Hong Kong’s Sun Hung Kai Properties records 36pc interim profit jump
“The earnings growth driver is Hong Kong property sales,” said Praveen Choudhary, a Morgan Stanley equity analyst in a research note. SHKP shares closed down 0.61 per cent to HK$129.80 on Tuesday before the results announcement. Looking ahead, chairman ... ( read original story ...)