At closing bell, the benchmark Hang Seng Index fell 1.5%, or 392.10 points, to 25,813.81. The Hang Seng China Enterprises Index dropped 1.58%, or 147.85 points, to 9,238.99. ( read original story ...)
Hong Kong lowers proposed cap on rent rises for subdivided flats to 10 per cent
A proposed cap on rent increases for subdivided flats, home to some of Hong Kong’s poorest people, will be lowered from 15 per cent to 10 per cent in an amendment to a tenancy control bill authorities ... ( read original story ...)
HSBC’s Global Wallet Adds New Currencies to Expanded Platform
HSBC's U.S. division announces augmented offerings to its expanded Global Wallet platform by adding new currencies and allowing customers to "receive like a local" via the same business account. ( read original story ...)
Groups that endanger national security to lose charities status, tax exemptions, Hong Kong’s financial services chief warns
Amended tax guide for charitable institutions and trusts applies with immediate effect, according to minister Christopher Hui. ( read original story ...)
Shenzhen announces measures to enhance scientific cooperation with Hong Kong
Shenzhen has announced a series of measures to enhance scientific cooperation with Hong Kong via the Qianhai economic zone, ranging from encouraging the setup of laboratories by Hong Kong colleges and ... ( read original story ...)
Hong Kong warned to start moving on development with Shenzhen or risk missing out under Beijing latest plans
Xu Ze also urges Hong Kong to work more closely with its mainland counterparts in pushing forward socio-economic innovation and reforms. ( read original story ...)
Deepening Cooperation Between Guangdong, Hong Kong and Macao to Develop the Greater Bay Area
A news report from chinadaily.com.cn: To develop the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) is an important decision of the Central Committee of the Communist Party of China (CPC) led by Xi ... ( read original story ...)
China Tea Chain Heytea Taps UBS for $500 Million Hong Kong IPO
Heytea, the Chinese teahouse chain, has tapped UBS Group AG for its potential Hong Kong initial public offering as soon as next year, according to people familiar with the matter. ( read original story ...)
ETF managers frustrated after Kuaishou slump stokes fears that tech IPO fever could sink H-share returns
The IPO frenzy was highlighted by Kuaishou, which raised US$5.4 billion from its public offering ahead of its debut on the Hong Kong stock exchange in February, which valued it at HK$1.23 trillion ... ( read original story ...)
Healthcare data analytics startup Prospection raises $45 million series B
A Sydney health analytics startup using AI for patient insights on potentially life-threatening diseases, has raised a $45 million series B. ( read original story ...)
Would Hong Kong perform better with culture, sports and tourism under one roof?
Restructuring should also break the decades-long status quo of separating the handling of public and private housing with two different bureaus, some say. ( read original story ...)
Broncus on the road for IPO
Broncus Holding Corp has launched its IPO of about HK$1.67bn ($215m) in Hong Kong. The medical devices company, which specialises in developing interventional pulmonology products that focus on ... ( read original story ...)
Ximalaya to pursue Hong Kong debut after retracting US IPO: report
Chinese podcast platform Ximalaya plans to file for a Hong Kong IPO this week, Reuters reported on Sept. 10, a day after the platform withdrew its US IPO plans. The company aims to raise more than ... ( read original story ...)
Hong Kong salary guide 2021: HR, administration & business support, sales & marketing, and more
The monthly salary of HR directors is expected to be over HK$63,000 while senior HR and admin managers are expected to earn in the range of HK$56,000. ( read original story ...)