Joseph Lau and his wife Chan Hoi Wan have proposed to take Chinese Estates Holdings private for HK$1.91 billion ($245 million) after incurring steep losses on its investment in cash-strapped China ... ( read original story ...)
Noodle shop chain Tam Jai slips 8% in Hong Kong debut
Shares of noodle shop chain Tam Jai International, a unit of Japan's Toridoll Holdings, fell 7.5% on their debut Thursday on the Stock Exchange of Hong Kong. The company raised 1.04 billion Hong Kong ... ( read original story ...)
Hong Kong plans megacourt to deal with protest arrests backlog
City’s leader announces initiative as thousands still await trial, and also reveals project for new metropolis ... ( read original story ...)
China Tourism, awaiting Hong Kong IPO, touts Hainan duty-free haven for tourist dollars in rivalry with Okinawa, Jeju
China Tourism’s multibillion-dollar IPO could come this quarter, say sources, as the retailer looks to Hainan’s duty-free zone to capture domestic spending. ( read original story ...)
TikTok rival loses steam: World’s roughest IPO this year is Chinese firm
Investors who bought Kuaishou Technology after the TikTok rival went public in Hong Kong have notched the widest peak-to-trough slump among global initial public offerings this year ... ( read original story ...)
Hong Kong shares track Asia peers higher; tech rebounds, property up on housing plans
Hong Kong stocks on Thursday notched their biggest daily percentage gain in 10 weeks, tracking Asian peers higher, with technology shares rebounding while major property developers jumped after the ... ( read original story ...)
Hong Kong Developers Surge on Lam’s Northern Metropolis Plans
Carrie Lam’s plans for a new metropolis in northern Hong Kong came as a big relief to investors in the city’s property giants. Shares of major developers including Henderson Land Development Co. ( read original story ...)
Hong Kong police make largest smuggling bust worth $26.9M
Hong Kong authorities on Thursday said they have made their largest bust of a smuggling case, seizing goods including endangered species worth an estimated $26.9 million. The government said the ... ( read original story ...)
Hong Kong shares track overseas peers higher, property jumps on housing plans
Hong Kong stocks rose on Thursday, on course for the biggest percentage gain in over 6 weeks, tracking gains with Asian peers fuelled by a late recovery on Wall Street, with major property developers ... ( read original story ...)
Asian Stock Market: Trades higher tracks Wall Street gains, Hang Seng up 2%
Asian stocks follow the footsteps of the Wall street price action on Thursday. US debt ceiling, European gas supplies, and weaker commodities make traders' diaries full. US and China agreed to a ... ( read original story ...)
Exclusive Interview | HSBC bullish on India consumption story: India Commercial Banking Head Rajat Verma
For the first six months of the 2021 calendar year, the commercial banking segment in India has delivered a PBT of $146 million, up 76 percent from $83 million for the corresponding period in 2020, ... ( read original story ...)
Hong Kong stocks are ‘undervalued’ but the outlook is still rocky, warns strategist
Stocks around the world have seen a choppy start to the final quarter of 2021 as concerns linger around issues such as rising bond yields and Evergrande Group. ( read original story ...)
New initiatives aim to expand Hong Kong’s talent pool
Hong Kong Chief Executive Carrie Lam Cheng Yuet-ngor laid down a raft of measures in her Policy Address on Wednesday (Oct 6) to attract young professionals in finance, law and aviation, as well as sci ... ( read original story ...)
Singapore, Hong Kong rise as business-dispute arbitration hubs
Asian financial hubs like Singapore and Hong Kong are benefiting from rising demand for cross-border corporate arbitration driven by the coronavirus pandemic, partly thanks to the prevalence of ... ( read original story ...)