Asia was a sea of green following Powell’s press conference. The rally in Hong Kong dual-listed Chinese internet stocks exceeded yesterday’s US rally, which could lead to further gains in the US ... ( read original story ...)
Hong Kong Market extends gain after Beijing calms frayed nerve
At closing bell, the benchmark Hang Seng Index advanced 3.3%, or 841.44 points, to 26,315.32. The Hang Seng China Enterprises Index added 3.8%, or 344.59 points, to 9,415.69. ( read original story ...)
Hong Kong’s young entrepreneurs get boost with HK$500 million scheme to kick-start tech ecosystem
City University’s HK Tech 300 scheme to support 65 start-up teams with HK$100,000 worth of seed funding for each group The scheme, one of the largest funding programmes at the university, is expected ... ( read original story ...)
Hong Kong: Business fund upgraded
The Trade & Industry Department today announced enhancement measures for the Dedicated Fund on Branding, Upgrading & Domestic Sales (BUD Fund) in support of enterprises’ business development to be ... ( read original story ...)
Ant-backed Chinese vending machine firm weighs $500m IPO in Hong Kong
Beijing Ubox, a Chinese intelligent vending machine maker, is weighing a Hong Kong initial public offering that could raise as much as US$500 million,” Bloomberg reported, citing people familiar with ... ( read original story ...)
Hong Kong’s Hang Seng index jumps 3% as stocks recover from early week slump
Hong Kong's Hang Seng index jumped 2.79% in morning trading on Thursday, continuing its bounce back after closing more than 1% up the day before. ( read original story ...)
Hong Kong man faces life in prison for murdering father with steak knife before stealing HK$200,000 to repay loan sharks
Insurance agent Lai Kan-yau, 29, admitted killing Lai Kam-fook, 65, but said he acted in self-defence after his father swore at him, called his wife a prostitute and attacked him. ( read original story ...)
Hong Kong DJ goes on trial for sedition after urging end of Chinese Communist Party
A Hong Kong pro-democracy DJ has gone on trial facing charges under colonial-era sedition laws for urging revolution and the end of the Communist Party on his radio programme.The charges against Tam ... ( read original story ...)
Hong Kong fintech startup Airwallex looks to raise $200m for new VC fund
Global payments platform Airwallex said it plans to establish a new venture capital fund that aims to invest in early-stage tech firms built on its infrastructure. Called Capital 49, the new fund is ... ( read original story ...)
Hongkong Land 1H Net Loss $865M
By Anthony O. Goriainoff Hongkong Land Holdings Ltd. said on Thursday that its net loss for the first half narrowed, and that it expects ... ( read original story ...)
New owner of Hong Kong’s Citybus and New World First Bus weighs merger as losses mount
The new owner of one of Hong Kong's largest franchised bus groups has confirmed it is considering a merger of Citybus and New World First Bus (NWFB) in a bid to keep business afloat amid heavy losses ... ( read original story ...)
Ant Group-backed Ubox plans for a $500 million Hong Kong IPO
Ubox, a Chinese vending machine maker backed by Ant Group, hopes to raise as much as $500 million through a Hong Kong IPO, Bloomberg reported Thursday. Valued at around $1 billion, Ubox could go ... ( read original story ...)
Hong Kong’s Hang Seng jumps 3% as stocks bounce back from early week slump
Hong Kong's Hang Seng index jumped 3.3% on Thursday ... Fed Chairman Jerome Powell said the U.S. central bank is nowhere near considering a rate hike despite the optimism over the U.S. economy. The ... ( read original story ...)
Here’s Why the Hang Seng Index Just Made a Comeback
In this article, we explain why the Hang Seng index just made a strong comeback today and what to expect in the near term. ( read original story ...)