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Category: BUSINESS

Posted on 02/07/2023

REPT’s US$1 billion IPO leads wave of auto startup filings in Hong Kong

A CLUTCH of Chinese automotive startups have filed for initial public offerings (IPOs) in Hong Kong, as the financial hub looks to turn the page on a disastrous first half of the year for debuts. Read ...

Posted on 02/07/2023

Green jeans: Hong Kong maker says global brands improving sustainability, but circular denim lifecycle far from sewn up

Efforts by global fashion brands to make denim clothing more sustainable have borne fruit, but the ultimate goal of full circularity remains in the distance, according to Hong Kong apparel maker ...

Posted on 01/07/2023

Giant ducks were supposed to lift spirits in Hong Kong, then one of them deflated

Officials in the Chinese territory are trying to promote a “Happy Hong Kong,” but not everyone is in the mood amid a continuing government crackdown.

Posted on 01/07/2023

Young entrepreneurs ride Hong Kong’s startup wave

Provided by Xinhua InvestHK data show the number of startups in Hong Kong and the number of staff they employed reached a record high in 2022By Xinh ...

Posted on 01/07/2023

Citizens’ Radio Closes Because of Hong Kong’s National Security Law

Citizens’ Radio, a Cantonese-language station, said it was forced to close after officials blocked it from accessing funds via crowdsourcing and donations. The closure came on the third anniversary of ...

Posted on 30/06/2023

Syfe appoints new Head of Hong Kong and Head of Investments to accelerate the development of its all-in-one digital investment platform

Kevin Li, former APAC Head of Digital Engagement at Schroders Investment Management, and Archit Parakh, former Head of Fund Derivatives & Quantitative ...

Posted on 29/06/2023

Northern Metropolis and triads? Hong Kong police arrest 180 in crackdown on illegal activities, including lunchbox business at construction sites

Police say gangs extorted fees from vendors to sell lunchboxes to workers in the area, with a source revealing monthly revenue could be up to HK$500,000 Other illegal operations include unlicensed ...

Posted on 29/06/2023

MTR Lab invests in Hong Kong green energy storage system provider Ampd Energy to fund start-up’s expansions in UAE and US

Hong Kong railway operator’s technology-investment unit has funded local battery-powered energy storage system provider Ampd Energy to finance its expansion projects in the United Arab Emirates and ...

Posted on 29/06/2023

Hong Kong Tycoons to Sell $8.4 Billion in Assets to Cut Debt

The group’s management said on a call that it will retain its Coca-Cola franchises in China, which contributes about half of its revenue from the beverages business, Hong Kong, Taiwan, Cambodia and ...

Posted on 29/06/2023

Hong Kong Tycoons Race to Cut Debt With $8.4 Billion Asset Sales

Swire Pacific Ltd. became the second notable Hong Kong company to announce plans to offload assets in as many days as part of efforts to reduce debt in the face of rising borrowing costs.

Posted on 28/06/2023

Hong Kong-based biotech Insilico Medicine shifts IPO plan to city from New York

While Insilico has not announced an IPO timetable or amount, sources say the Hong Kong Science and Technology Park-based firm hopes to raise US$200 million.

Posted on 28/06/2023

Hong Kong to cut time between IPO pricing and trading of shares in a move likely to boost city’s appeal as listing destination

New digital interface set to launch in October will cut the settlement period from five business days to two, HKEX said on Wednesday Move will 'enhance market efficiency and strengthen the ...

Posted on 28/06/2023

Hong Kong stocks slip with SMIC pressured by potential US chip ban while JD.com tumbles after Daiwa slashes target price

Local stocks struggle for traction after a fleeting rally on Tuesday. Chip makers suffer as the US considers banning exports to China, while Daiwa slashes JD.com’s price-target by almost 20 per cent.

Posted on 27/06/2023

Hong Kong’s John Lee gears up for Asean trade trip next month to lure business, as weak global demand drags down exports

Commerce secretary Algernon Yau says city leader will travel to Singapore, Indonesia and Malaysia to bolster ties with Asean members Latest trade data shows exports fell by 15.6 per cent in May over a ...

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