Gaming firm Razer has filed to go public through an IPO in Hong Kong as it looks to raise more than $600 million to go after growth opportunities. The U.S.-based company, which traces its origins back to Singapore, filed initial paperwork on Friday. ( read original story ...)
Hong Kong was supposed to be a world financial capital in a communist system. Contradiction?
From the beginning, the idea that capitalist Hong Kong could remain a thriving, prosperous city under Communist China may have been a tale doomed to an unhappy ending. But as this city marks the 20th anniversary of its return to China’s control after 156 ... ( read original story ...)
Asia share sales on growth path, Hong Kong to reclaim top spot in IPO rankings
HONG KONG Share sales in Asia ex-Japan have picked up pace this year and are set to rise sharply in the coming months, with $10 billion listings from two Chinese firms expected to reinstate Hong Kong as the world's top IPO destination, bankers and analysts ... ( read original story ...)
HK’s BOC Aviation buys four Boeing aircraft for $1.08 billion
HONG KONG BOC Aviation Ltd (2588.HK) said on Friday it would buy four new aircraft from Boeing Co (BA.N) for an aggregate list price of $1.08 billion, as the aircraft lessor builds its balance sheet by investing in modern, efficient and in-demand aircraft. ( read original story ...)
Financials lift HK stocks to near 3-wk high ahead of handover day
June 29 Hong Kong stocks closed at their highest level in nearly three weeks on Thursday, led by financials on bet that Beijing would unveil supportive policies as President Xi Jinping visits the former British colony to commemorate the 20th anniversary of ... ( read original story ...)
China stocks rise, led by commodity shares as dollar weakens; financials lift HK
The Hang Seng index increased 0.9 percent to 25,910.58 points, while the Hong Kong China Enterprises Index gained 0.2 percent to 10,423.34. Financial shares rose sharply on expectations that China will announce more measures to link its markets with Hong ... ( read original story ...)
How much do parents spend on education?
A good education doesn't come cheap -- especially in Hong Kong. A new HSBC (HSBC) survey conducted in 15 countries and territories found that parents in Hong Kong spend the most on learning. Hong Kong parents shelled out an average of $132,161 per child ... ( read original story ...)
HSBC nears 9-year high in Hong Kong as financials rally
Hong Kong-listed shares in HSBC climbed their highest level in more than eight and a half years on Thursday as financial stocks across Asia rallied in the wake of the Federal Reserve’s decision to clear substantial shareholder payouts by big banks in the US. ( read original story ...)
HSBC surges 4pc, lifting Hang Seng Index in broad blue chip rally
Sino-British banking giant HSBC Holdings surged 4.1 per cent by Thursday noon, propelling Hong Kong stocks higher, after Morgan Stanley increased significantly the target price for the stock, while sentiment also received a general boost as Chinese ... ( read original story ...)
HSBC leads Hong Kong stock rebound as US banks pass stress tests
HONG KONG (Nikkei Markets) -- Hong Kong stocks on Thursday rebounded from a string of losses, with heavyweight HSBC Holdings leading the charge as U.S. banks rallied overnight after clearing the Federal Reserve's stress tests. The Hang Seng Index advanced ... ( read original story ...)
Hong Kong’s future is in learning new words: fintech, regtech, wealthtech
Hong Kong’s role as a global financial hub may be under threat unless the city can embrace technology and adapt quickly to the tectonic changes that have taken place in the financial landscape in the two decade since its return to Chinese rule ... ( read original story ...)
Hong Kong set to enjoy economic tailwinds in the 2nd half, but beware of housing risks, BOCHK says
Hong Kong should enjoy economic tail winds in the second half, thanks to an improving global outlook, although extremes in the housing market raise the possibility of unforeseen shocks, according to BOC (Hong Kong) Holdings. Hong Kong’s GDP growth will ... ( read original story ...)
Finance chief extols HK’s ‘super-connector’ role
Provided to China Daily Nation's support credited for putting city in a solid position Hong Kong Financial Secretary Paul Chan Mo-po said the special administrative region's remarkable economic development during the past 20 years would have been ... ( read original story ...)
Hong Kong’s history: From backwater to metropolis
Modern-day Hong Kong is best known for its sprawl of skyscrapers, a bustling financial hub off the southern coast of mainland China and a regional conduit for trade. But the territory was once a quiet backwater of rural hamlets and fishing communities ... ( read original story ...)