Start your day with what's moving markets in Asia. Sign up here to receive our newsletter. Introducing Hong Kong’s newest stock-market darling. Traders can’t seem to get enough of HSBC Holdings Plc. They’ve sent the shares up more than 20 percent in ... ( read original story ...)
World Bank, Alibaba fund invest in Hong Kong-based fintech startup
HONG KONG (Reuters) - Hong Kong-based startup CompareAsiaGroup has secured $50 million in funding from investors led by the World Bank's commercial lending arm, as the personal finance management platform looks to develop its technology and launch more ... ( read original story ...)
Hong Kong stocks have best day in four months, financials lend support
SHANGHAI, July 11 Hong Kong stocks extended this week's rally, posting their best day in four months on Tuesday, bolstered by strong gains among financial sector stocks. The Hang Seng Index rose 1.5 percent, to 25,877.64 points, while the China Enterprises ... ( read original story ...)
Startups inspire world in Hong Kong
HONG KONG ─ The trendiest startups and most successful companies have gathered in this Asian city to inspire the world at the RISE 2017 conference from Tuesday through Thursday. "For the next three days, there'll be more than 250 speakers, not just here ... ( read original story ...)
A pioneer in the tech startup scene on Hong Kong’s startup ecosystem and its potential
This article is part of Tech in Asia’s partnership with The Jay Kim Show where we publish the revised transcripts from the show’s podcast interviews with top entrepreneurs. This is heavily revised from the original show transcripts. For the full ... ( read original story ...)
What can Hong Kong offer in tackling the mainland’s financial mess?
Beijing may be finally learning from Hong Kong’s regulatory experience as it makes unprecedented efforts to maintain domestic financial stability and contain external shocks. This can be seen from last week’s half-year economic analysis seminar where ... ( read original story ...)
The Latest: Protesters in Hong Kong demand Liu’s release
The Latest on China's best-known political prisoner, Nobel Peace Prize laureate Liu Xiaobo, who doctors say is in critical condition with liver cancer (all times local): 8:30 p.m. Dozens of people are staging a sit-in protest in Hong Kong urging China to ... ( read original story ...)
Hong Kong tech startup Coocepts introduces world’s first levitating moon light
Hong Kong tech startup Coocepts has come up with world’s first Wireless Charging Levitating Moon Light which will float on table just as moon floats in the middle of the sky. The Coocepts Wireless Charging Levitating Moon Light is the first of its kind ... ( read original story ...)
Hong Kong Stocks Rebound From Seven-Week Low as Financials Rise
Hong Kong stocks rose, with the benchmark index climbing from a seven-week low, as HSBC Holdings Plc led financial shares higher and Orient Overseas International Ltd. jumped after being targeted for a takeover. The Hang Seng Index advanced 0.6 percent to ... ( read original story ...)
Fitch Rates Bank of China Hong Kong Branch’s USD Notes Final ‘A’
(The following statement was released by the rating agency) TAIPEI/HONG KONG, July 10 (Fitch) Fitch Ratings has assigned final 'A' ratings to Bank of China Ltd. (BOC, A/Stable) Hong Kong branch's USD550 million floating-rate senior unsecured notes due 2019 ... ( read original story ...)
China stocks shaky as markets await data cues; Financials lead HK gains
Hong Kong shares gained over 1 percent, as a jump in financials offset a tumble in raw material stocks. China's blue-chip CSI300 index was unchanged at 3,655.38 points by the lunch break, while the Shanghai Composite Index lost 0.2 percent, to 3,211.31 points. ( read original story ...)
Fashion technology startup Metail raises £10m from Hong Kong’s TAL to become “Google of size and shape”
A tech startup which offers retailers technology that lets online shoppers try items on virtually, and wants to become the "Google of size and shape", has bagged millions of pounds in fresh funding from investors. Metail has raised a £10m series B led by ... ( read original story ...)
Hong Kong’s mortgage lenders doing booming business in the shadows
HONG KONG When Horan Fu decided to buy a 500-sq-foot apartment for HK$7.4 million last year, the biggest draw was the developer's offer of 85 percent financing with an option to defer interest payments for the first three years. "The interest rate could be ... ( read original story ...)
Cash flowing into Hong Kong keeps lending rates down, but for how much longer?
despite the Hong Kong Monetary Authority’s best efforts to make mortgages more expensive and cool Hong Kong’s red hot property market. In recent months, money has been flowing into Hong Kong’s capital markets both southwards from the mainland via the ... ( read original story ...)