Financial technology is gaining huge ground all across the Asia Pacific region. Now, a recent survey reveals just how much consumers are getting behind innovation in this area. The data revealed that ... ( read original story ...)
Shui On Land cashes in on opportunity to build land bank in China amid depressed buying sentiment
Shui On Land, the flagship property company of the Hong Kong-based Shui On Group, has acquired three residential parcels in Wuhan for US$2.67 billion. ( read original story ...)
Hong Kong’s end of year report
I wrote a piece entitled “The Future of Hong Kong as an International Finance Centre[1]”. I began with a Churchill quote – “It is always to look ahead, but difficult to look farther than you can see. ( read original story ...)
Hong Kong’s Year as the Worst Stock Market in Four Charts
Hong Kong stock investors won’t be sorry to see the end of 2021, with the city’s main benchmarks racking up the worst losses this year among major global equity indexes. ( read original story ...)
The Banking Jobs Algos Can’t Destroy
Good investment banking jobs are disappearing. Much of the business has been long replaced by machines and computer algorithms. Almost all equity trading is now done electronically. Even high-yield ... ( read original story ...)
Hong Kong Internet Stocks Rebound As Shorts Squeezed On The Shortest Day Of The Year
Hong Kong internet stocks were largely higher after yesterday’s sharp decline in US-listed ADRs after news broke that key opinion leader (KOL) and shopping blogger Huang Wei owes $206 million in taxes ... ( read original story ...)
Fanhua To Leave Wall Street. Next Stop, Hong Kong?
Online insurance broker announces plan to privatize as China gets set to roll out tough new regulations in January Company could go public again in Hong Kong, ... ( read original story ...)
New Wave of Pro-Beijing Politicians Spell Trouble for Democracy in Hong Kong
Countries of the G7 expressed concern about China's legal obligations and respect of fundamental rights in Hong Kong in a joint statement after the elections. ( read original story ...)
Hong Kong pushes election censorship globally
Elections in Hong Kong on Sunday saw the lowest turnout in the city's history, with just 30.2% of the electorate casting a vote, after an election boycott that Hong Kong authorities attempted to ... ( read original story ...)
Hong Kong presses accelerator on tech R&D
One of Hong Kong’s enduring puzzles has been how the city managed to miss Asia’s tech boom for so long. Situated next door to the world’s fastest-growing market and boasting Asia’s leading financial ... ( read original story ...)
Coronavirus: Hong Kong Jockey Club, telecoms firms team to give 20,000 elderly residents smartphones for using ‘Leave Home Safe’ app
The phones, which will be distributed via 12 local NGOs after a needs-based assessment, will come pre-equipped with a year-long data plan. ( read original story ...)
China’s central bank issues 5 bln yuan of bills in Hong Kong SAR
China’s central bank on Tuesday issued 5 billion yuan (about 784.57 million U.S. dollars) worth of six-month renminbi central bank bills in (SAR), with an interest rate of 2.5 percent. The issuance ... ( read original story ...)
SenseTime relaunches $767m Hong Kong IPO
China's SenseTime relaunched its $767 million Hong Kong IPO on Monday (0).It comes a week after the artificial intelligence start-up was placed on a U.S. investment blacklist and postponed its listing ... ( read original story ...)
Hong Kong IPO funds raised fall by 20 per cent and city slips to fourth place for 2021, HKEX says
Hong Kong’s annual tally of IPOs shrank this year for the first time since 2017, as a regulatory crackdown on technology companies in mainland China sent a chill through the market and almost halted ... ( read original story ...)