Now the second-tier player is seeking stardom in the capital market by applying for a Hong Kong IPO to fund an accelerated expansion. This isn’t Huafang’s first ride on the Hong Kong IPO ... ( read original story ...)
Hong Kong Plunges Below Singapore in World Press Freedom Ranking
(Bloomberg) --Hong Kong’s press freedom ranking has plummeted amid a crackdown on free speech by authorities. The Asian financial center ranked 148 in the Reporters Without Borders 2022 World Press ... ( read original story ...)
Internet Stocks Clipped In Hong Kong, Mainland Markets To Reopen Tomorrow
Asian equities were mixed but mostly lower overnight as Hong Kong was a significant laggard and Mainland China was closed. Growth and internet stocks were clipped following last week’s rally, which ... ( read original story ...)
Hong Kong Expecting Mass Residential Price Declines in 2022
While demand for housing in Hong Kong is inherently strong ... is set to climb in the coming months as projects are launched. The relaxation of the Mortgage Insurance Programme will also boost ... ( read original story ...)
Hong Kong legislature passes HK$700 billion budget, with one abstention over cut to social welfare spending
Hong Kong’s “all-patriots” legislature has approved the government ... to fund its services from April 1 this year and March 21, 2023. Speaking at LegCo, Financial Secretary Paul Chan said the current ... ( read original story ...)
Robotic marine trash collector starts making waves in Hong Kong
Back in November 2020, startup Open Ocean Engineering launched ... a sleeker Clearbot has now started patrolling Hong Kong waters. Meanwhile there are numerous efforts in play to try and remove ... ( read original story ...)
Chinese tech stocks tumble as insiders sell Meituan, JD Health while Hong Kong faces recession risks, higher rates
Hong Kong stocks retreated from a two-week high technology stocks ... suggests a lack of confidence in their business outlook, despite recent hopes for an end to Beijing’s trillion-dollar crackdown in ... ( read original story ...)
Hong Kong chief executive election 2022: anti-graft agency to deploy more than 80 officers to monitor leadership vote
Hong Kong’s anti-graft agency will deploy more than 80 officers to monitor the vote for the chief executive on Sunday and ensure the event goes smoothly. Simon Peh Yun-lu, head of the Independent ... ( read original story ...)
Chinese ride-hailing giant Didi says U.S. regulator is investigating its $4 billion IPO
In December, Didi said it would make plans to delist from the New York Stock Exchange and prepare for a listing in Hong Kong. Didi shares fell more than 5% in premarket trade on Wednesday. The company ... ( read original story ...)
Didi Global, China ride-hailing giant, reveals it faces an SEC probe about its NYSE IPO, on top of Beijing’s scrutiny and looming delisting
The Post reported earlier that Didi Global's search for an alternative stock-market home following its proposed exit from the NYSE has hit a snag, as its plan for an IPO in Hong Kong is on hold ... ( read original story ...)
Exclusive-HSBC and Ping An executives plan to discuss breakup proposal – source
HSBC's Hong Kong-listed shares rose 1.9% on Wednesday, building on Tuesday's gains of 2.6%, outpeforming again as markets warmed up to the idea of a break-up. HSBC shareholders have grappled with the ... ( read original story ...)
Hong Kong stocks fall as tech shares drag ahead of Fed rate decision
HONG KONG, May 4 (Reuters ... and the Hang Seng Tech Index dropped 3.1%, while the financial sector edged up 0.02% and the property sector climbed 0.33% ** The top gainer on the Hang Seng ... ( read original story ...)
Leading HSBC shareholder calls for bank’s break-up
In 2016, after a 10-month review, the bank rejected the option to re-focus its business to the main profit-generating hub of Hong Kong and decided to keep its headquarters in London. The bank is ... ( read original story ...)
Hong Kong Plots Different Covid Path to Xi’s Zero Tolerance
(Bloomberg) -- As Chinese cities such as Shanghai and Beijing stick ever more closely to Covid Zero principles, no matter the economic cost, Hong Kong is methodically moving toward opening up to the ... ( read original story ...)