Beyond the hustle and bustle of Hong Kong’s core business districts are several areas quietly growing and becoming of greater importance – not only for the city but the region and China’s “Greater Bay Area” initiative. The districts of Tuen Mun ... ( read original story ...)
Hong Kong millionaires beat Americans in investing for parents and children, according to survey
Hong Kong millionaires are more aggressive than those in the United States when it comes to investing for parents and children, according to a survey released on Tuesday by US brokerage Charles Schwab. The online survey, conducted in February, polled 2,000 ... ( read original story ...)
Hong Kong’s Rising Affluent Yearns for Information and Insights to Globally Diversify Investment Portfolio
Charles Schwab Hong Kong Survey uncovers the city's rising affluent investors' attitude and sentiment towards diversification, international investment, financial planning and wealth management Considering the level of stability in international and ... ( read original story ...)
Taiwan cancer drugs developer seeks Hong Kong bond issue ahead of IPO after delisting from Taipei
JHL Biotech, a Taiwan developer of cheaper alternatives to patent-protected biological drugs, has raised US$106 million from a convertible bond issue, ahead of its planned Hong Kong initial public offering (IPO) aiming to raise some US$250 million. ( read original story ...)
Tencent-backed electric car startup NIO files for IPO, sources say
HONG KONG—NIO, the Chinese electric vehicle startup backed by Tencent Holdings Ltd., has filed confidentially for a planned U.S. initial public offering, people with knowledge of the matter said. The Shanghai-based carmaker has submitted an initial ... ( read original story ...)
Dearth of early-stage venture capital could hurt Hong Kong start-ups, say entrepreneurs
Increasing support from corporate-sponsored incubation programmes and government investment has nurtured a growing number of start-ups in Hong Kong, but many say the real challenge for entrepreneurs is a dearth of early-stage risk capital from venture ... ( read original story ...)
Why Fook Lam Moon is still Hong Kong’s ‘tycoons’ canteen’
For more than half a century, Hong Kong has been a city where the world’s wealthy come to play, do hundred-million-dollar business deals, and wine and dine. Perhaps no restaurant in Hong Kong is more synonymous with wealth than Cantonese eatery Fook Lam ... ( read original story ...)
Flight Review: Hong Kong Airlines’ Impressive A350 Business Class, SFO-HKG
Hong Kong is a dazzling city. With a dazzling international airport. And some great hometown airlines. Though not the oldest or largest among them, Hong Kong Airlines has arguably been the most exciting over the past year, launching new long-haul routes to ... ( read original story ...)
Hong Kong’s FactWire Startup Takes Novel Approach: No Editors
In an age when trust in the media is in peril, FactWire crowdfunded $600,000 when it started out in 2016 with the promise of a simple vision — investigative journalism based on fact, not opinion, and not beholden to business or political interests of any ... ( read original story ...)
Chinese banks up the ante to lure millionaire clients from overseas private investment houses
A growing number of well-off Chinese are choosing to invest their wealth offshore, according to a latest McKinsey report ... and strengthen their private-banking teams in cities such as Hong Kong, Singapore, London and Zurich, to fight for a larger ... ( read original story ...)
I ate at Hong Kong’s ‘cafeteria for the wealthy,’ where the city’s rich and famous hobnob over flawless Cantonese food
For more than half a century, Hong Kong has been a city where the world's wealthy come to play, do hundred-million-dollar business deals, and wine and dine. Perhaps no restaurant in Hong Kong is more synonymous with wealth than Cantonese eatery Fook Lam ... ( read original story ...)
Hong Kong’s tech ambitions given major boost with AI lab funding
It will collaborate with the Hong Kong Science and Technology Parks Corporation (HKSTP) to roll out a six-month accelerator programme starting September to nurture AI start-ups in the city. “SenseTime had the opportunity, the environment and the talent ... ( read original story ...)
Sydney-Hong Kong business class: Cathay Pacific vs Qantas vs Virgin
Receive 75,000 bonus Qantas Points when you spend $2,500 on eligible purchases In the first 3 months. Save $425 with no annual fee for the first year. Eligibility criteria, T&Cs, fees and charges apply. Click here now. If you’re among the million-plus ... ( read original story ...)
Fintech startup Neat to seek ‘Virtual Bank’ license in HK
Hong Kong’s financial sector had long been dominated by traditional institutions, but in recent years the city has seen a rising number of fintech startups trying to push their way into the market on the back of innovation and technology development. ( read original story ...)