Investors are still flocking to initial public offerings in Hong Kong, with a Chinese eye-clinic chain drawing the heaviest demand in more than a decade even after some of last year's hot deals fell below their offer prices. Individual buyers placed orders ... ( read original story ...)
Hong Kong stocks extend longest winning streak since 1999 on Tencent and Chinese insurers
Banks were mixed. China Construction Bank edged up 0.1 per cent to HK$7.59 and HSBC Holdings rebounded 0.6 per cent to HK$80.95. Industrial & Commercial Bank of China eased 0.8 per cent to HK$6.5 and Bank of China was flat at HK$3.99. Mainland stocks rose ... ( read original story ...)
Hong Kong stocks gain for 10th session, longest winning streak in over 5 years
China Life dropped 1.02 per cent to HK$24.35 and New China Life Insurance fell 1.48 per cent to HK$53.30. Among banks, China Construction Bank eased 0.39 per cent to HK$7.58, HSBC dropped 0.37 per cent to HK$80.50 and Hang Seng Bank lost 0.98 per cent to ... ( read original story ...)
Self doubt about ability to own homes puts Hong Kong consumer confidence behind the mainland, Taiwan and Macau
Hong Kong has the lowest overall consumer confidence among mainland China, Taiwan and Macau, surveys conducted by universities across the regions have found. The city’s score was dragged down by a sharp decline in faith in the property market despite the ... ( read original story ...)
Masters in education, public policy and Hong Kong studies meet challenges in a changing world
Some may plan to set up their own companies. Part-time applicants are usually teachers – often in key positions – from schools or universities within Hong Kong, mostly international schools. Some are from industries that have a need for e-learning ... ( read original story ...)
Hong Kong housing minister ‘unaware’ of illegal structures at home of justice chief’s husband
Hong Kong’s housing minister has said he was unaware of suspected illegal structures at the home of his engineer friend Otto Poon Lok-to, husband of the city’s new justice chief, despite “two or three” visits to his property. The news came as Frank ... ( read original story ...)
Hong Kong Hang Seng gains 0.28%
Industrial and Commercial Bank of China eased 0.15 percent, China Mobile dipped 0.06 percent and Ping An Insurance, Hong Kong & China Gas and China Petroleum and Chemical (Sinopec) all were unchanged. About 2.07 billion Hang Seng index shares were traded ... ( read original story ...)
Boom in startup firms
Invest Hong Kong (InvestHK) says the number of startups last year rose 16 percent, while shared laboratories in Hong Kong also increased from just three five years ago to 55 at present.Charles Ng, associate director-general of investment promotion at ... ( read original story ...)
Hong Kong police union demands officers be exempt from criminal liability at work
A 20,000-member Hong Kong police union has demanded a law to exempt officers from criminal liability for actions taken during enforcement duties, saying members of the city’s judiciary do not have enough professional knowledge to judge their use of force. ( read original story ...)
Alibaba will ‘seriously consider’ Hong Kong listing, says founder Ma
SHANGHAI/HONG KONG (Reuters) - Alibaba Group Holding Ltd will "seriously consider" listing in Hong Kong, founder Jack Ma said, potentially providing a powerful boost to the financial hub which is preparing to allow dual-class share listings. ( read original story ...)
Tougher times ahead for Hong Kong homeowners as interest rate increases loom, finance chief says
Hong Kong homeowners may have a tough time keeping up with mortgage repayments this year as local banks are set to increase their prime rates to follow interest rate moves in the US, the city’s financial secretary said on Monday. Paul Chan Mo-po offered ... ( read original story ...)
Asian markets largely gain, though regulatory moves weigh in China, Hong Kong
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 ...)