Expecting a bonanza, investors have pushed BYD shares up by as much as 70% in the past month on the Hong Kong Stock Exchange ... first-time car buyers," according to a recent McKinsey report. "In all, China provides monetary subsidies that, for a ... ( read original story ...)
London is world’s top city for diamond retailing, new study reveals
Using data from McKinsey & Co and Bain & Company ... Also ranking in the top worldwide locations for luxury shopping was Hong Kong with £6.2 billion sales and Beijing with £6 billion. Traditionally affluent shopping locations such as Las Vegas and ... ( read original story ...)
Slavitt joins General Atlantic
Prior to HealthAllies, he was a consultant with McKinsey & Company and an investment banker with ... Amsterdam, Beijing, Greenwich, Hong Kong, London, Mexico City, Mumbai, Munich, Palo Alto, São Paulo, and Singapore. Copyright (c) Buyouts Insider/Argosy ... ( read original story ...)
Between rampant inequality and tensions with China, Hong Kong’s new chief executive paints a ‘grave’ picture
Carrie Lam said that the government’s work on reform had been “open and transparent.”. SCMP Pictures HONG KONG (Reuters) - In her maiden policy speech Hong Kong's Chief Executive Carrie Lam on Wednesday warned the city faced "grave" challenges and ... ( read original story ...)
Hong Kong regulator expands IPO probe to 15 banks and securities firms
Hong Kong’s markets watchdog is investigating 15 banks and securities ... UBS has said that the SFC’s action could lead to a suspension for its IPO sponsoring business. In a prophetic warning, last month the Swiss bank’s global investment banking ... ( read original story ...)
New Hong Kong leader proposes corporate tax cut
HONG KONG - Hong Kong will step up support for technology development and small business, Chief Executive Carrie Lam pledged in her first policy address since assumed the city's highest office more than three months ago. Lam noted on Wednesday that Hong ... ( read original story ...)
Hong Kong leader says Asian financial hub faces ‘grave’ challenges
HONG KONG: In her maiden policy speech Hong Kong’s Chief Executive Carrie Lam on Wednesday warned the city faced “grave” challenges and must develop a diversified and high value economy, unveiling a mix of housing and tax relief policies to raise ... ( read original story ...)
Lalamove Scores $100M Investment From China: Is This Hong Kong’s Next Unicorn?
Pulling in close to news of Hong Kong startup GoGoVan’s merger with 58 Suyun – a deal that reportedly makes the combined group worth $1 billion – another Hong Kong-based startup, Lalamove, announced its Series C funding of $100 million, led by ... ( read original story ...)
Hong Kong leader says to cut taxes, ease housing crunch in maiden policy address
(Corrects to clarify figure in first paragraph refers to Hong Kong dollars) HONG KONG, Oct 11 (Reuters) - Hong Kong will cut company profits tax to 8.25 percent for the first HK$2 million of earnings, Hong Kong's Chief Executive Carrie Lam said in her ... ( read original story ...)
Hong Kong’s 20-square-foot ‘coffin homes’ expose a terrifying truth about the future of cities
When people talk about cities seeming futuristic, generally they mean it in a positive way. But Hong Kong — a wealthy metropolis plagued with an affordable housing crisis — shows what could happen as cities get more crowded. According to United ... ( read original story ...)
New German envoy seeks closer business ties with Hong Kong at Unity Day celebration
The Day of German Unity reception was held yesterday (9 October) and, like in previous years, the welcoming speech did not fail to bring laughters while keeping current affairs in mind with optimism. Leading the celebration was Dieter Lamlé, the new ... ( read original story ...)
3 Lessons Learned From Building 10 Startups In 54 Hours
Taking a startup from the idea phase, building a team, validating your assumptions, then developing a prototype, all in 54 hours, isn’t easy. But that’s precisely what ten teams in Hong Kong’s leg of Global Startup Weekend, focusing on Artificial ... ( read original story ...)
Hong Kong, mainland Chinese regulators agree to share identity of stock connect investors
Likewise, the China Securities Regulatory Commission will provide the SFC with investor identification for mainlanders trading Hong Kong stocks via the stock connect, Alder said. The new regulations will be implemented from the middle of next year. ( read original story ...)
Citi Ventures Invites 60 University Students From Hong Kong to Visit As Part of The Week-Long Fintech Bootcamp At Stanford
Citi Ventures announced on Monday it welcomed 60 university students from Hong Kong to its San Francisco office in September ... partners with entrepreneurs to make strategic investments in start-ups that are developing solutions across Data Analytics ... ( read original story ...)