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Category: BUSINESS

Posted on 27/09/2023

Family offices from all corners of the globe eye Hong Kong as new incentives start to bear fruit, financial forum hears

Government efforts to attract billionaires to set up family offices in Hong Kong have already caught the attention of wealthy individuals from mainland China, Asia, the Middle East and further afield, ...

Posted on 27/09/2023

Hong Kong bourse operator HKEX to launch digital IPO platform FINI on November 22, eyes cutting settlement times from 5 to 2 days

Hong Kong Exchanges and Clearing, which operates Asia’s third largest stock market, will launch a long-awaited new digitalised IPO platform on November 22 in its latest push to reboot the city’s new ...

Posted on 27/09/2023

Sunevision Launches The First Startup Programme

HONG KONG SAR - Media OutReach - 27 September 2023 - SUNeVision Holdings Ltd. (SUNeVision, SEHK: 1686), the number one data centre provid ...

Posted on 27/09/2023

Retailers report boost in foot traffic as ‘Night Vibes Hong Kong’ campaign gathers pace

K11 Group behind shopping centre in Tsim Sha Tsui says weekend footfall traffic up 30 per cent over previous one due to launch of ‘Night Market by the Sea’.

Posted on 27/09/2023

Hong Kong marketers looking to adopt generative AI tools face multiple challenges, such as copyright and legal risks

Speakers at Interactive Advertising Bureau event in Hong Kong say there are many obstacles to adoption of generative AI tools Businesses in the city find that copyright concerns and legal and privacy ...

Posted on 26/09/2023

Will Singapore or Hong Kong finance the South’s next transition?

Within Asia, the richer and aging North East Asia (Japan, South Korea, China, Taiwan, Hong Kong SAR) are huge net savers, with net investment surpluses (including Singapore), amounting to $10.4 ...

Posted on 26/09/2023

Alibaba’s Cainiao Files for $1 Billion-Plus Hong Kong IPO

Cainiao Smart Logistics Network Ltd., the logistics arm of Alibaba Group Holding Ltd., has filed for its Hong Kong initial public offering, potentially making it among the first of the Chinese ...

Posted on 26/09/2023

Alibaba to spin-off logistics unit Cainiao in Hong Kong IPO

Alibaba (NYSE:BABA) is spinning off its logistics unit Cainiao Network Technology via an IPO on the the Main Board of the Hong Kong Stock Exchange. In a regulatory filing on Tuesday, the Chinese ...

Posted on 26/09/2023

Alibaba’s Cainiao files for US$1 billion IPO, helping Hong Kong to land the world’s second-biggest listing of 2023

The logistics company's plan to sell US$1 billion shares would be second only to the recent US$5 billion listing of SoftBank-owned chip maker Arm It would also be the city's first billion-dollar ...

Posted on 26/09/2023

Bumpy road ahead as Hong Kong strives to regain chips crown

On the fifth floor of an office building at the Hong Kong Science Park, along a hallway lined with other tech startups, is the headquarters of PDL Technology — a young semiconductor company in a city ...

Posted on 26/09/2023

UPDATE 1-China’s Tuhu Car shares unchanged from issue price in Hong Kong debut

Tuhu Car's shares opened unchanged from their HK$28 ($3.58) issue price as the Chinese car maintenance firm started trading on the Hong Kong Stock Exchange on Tuesday.

Posted on 26/09/2023

Law firm layoffs rise in Hong Kong as China business slows

HONG KONG -- Foreign law firms in China and Hong Kong are shedding staff at a rapid pace, with one company laying off at least 20 lawyers this year as China's economic downturn and geopolitical ...

Posted on 26/09/2023

Hong Kong JPEX cryptocurrency scandal: new disclosure of trading platforms eyeing licence will better inform investors, John Lee says

Chief executive warns however that the best bet for investors would still be already-approved platforms as proper measures for these are in place.

Posted on 26/09/2023

Hong Kong should cut stamp duty by more than half for residents buying additional home, city’s largest political party says

Hong Kong’s largest political party is urging the government to cut by more than half the stamp duty that residents must pay when buying an additional home, as a way to boost the sluggish ...

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