Hong Kong is expected to complete new listings for 106 companies raising about HK$85 billion (US$10.90 billion) by September 30 2017, compared with 71 initial public offerings (IPOs) raising HK$134.3 billion in the same period last year, according to the ... ( read original story ...)
China, Hong Kong shares advance as Fed rate rise bets boost financials
SHANGHAI, Sept 21 (Reuters) - China and Hong Kong shares rose on Thursday, bucking regional weakness, as revived expectations of another U.S. rate increase later this year boosted financial stocks, offseting profit takig in high-flying commodity plays. ( read original story ...)
BRIEF-Hong Kong Monetary Authority launches financial dialogue with Swiss authorities
* Says launched in Bern a financial dialogue with State Secretariat for international financial matters under the Swiss Federal Department of Finance to promote cooperation on financial market issues of common interest * Says dialogue aims to enhance ... ( read original story ...)
Hong Kong woman wants her ex out of B.C. home. The problem? His name is on the title
But Wu, who lives in Hong Kong, didn’t want to pay B.C.’s 15 per cent foreign buyers tax, court documents said. Chu is from Richmond, and Wu claims he helped her buy a home in the city by putting the land title and mortgage under his name. Online real ... ( read original story ...)
Hony Capital-backed VC fund to invest in Hong Kong tech startups
HONG KONG (Reuters) - Beyond Ventures, a new venture capital fund backed by China’s Hony Capital, plans to raise HK$1.2 billion ($154 million) to invest in early-stage technology startups in Hong Kong as the financial hub continues to struggle to boost ... ( read original story ...)
Hong Kong leader condemns UK criticism over jailed activists
Hong Kong's leader has condemned criticism from British politicians over the city's recent jailing of student activists, saying such comments are unfair and "disrespectful." Addressing a business dinner in London on Wednesday, Carrie Lam said she was ... ( read original story ...)
BOC seized P2M worth of smuggled glutinous rice
MANILA: The Bureau of Customs (BOC) has discovered misdeclared goods inside a container van from Hong Kong. Its accompanying documents states it contains apparels such as undergarments. But following X-ray inspection, the Customs personnel discovered sacks ... ( read original story ...)
European Fintech deals indicate change of stance toward booming industry by conservative Hong Kong
TNG FinTech Group, Hong Kong’s biggest electronic wallet service provider, signed an agreement with Tranglo Europe Limited, a cross-border payment company in the UK, with an aim to expand its existing money transfer business to Europe. Another deal was ... ( read original story ...)
Hong Kong woman wants her ex out of B.C. home. The problem? His name, on the title: lawsuit
But Wu, who lives in Hong Kong, didn’t want to pay B.C.’s 15 per cent foreign buyers tax, court documents said. Chu is from Richmond, and Wu claims he helped her buy a home in the city by putting the land title and mortgage under his name. Online real ... ( read original story ...)
Hong Kong central bank warns of capital outflow after Fed’s plan
HONG KONG, Sept 21 (Reuters) - Hong Kong’s de facto central bank ... The Federal Reserve announced it would begin in October to trim its massive holding of U.S. Treasury bonds and mortgage-backed securities acquired in the years after the 2008 financial ... ( read original story ...)
As mortgages grow scarce in China, homebuyers turn to car and college loans, firm says
Outstanding individual mortgage loans rose 30.8 per cent at the end of June ... David Ng, Macquarie’s head of China&Hong Kong research, said he was not surprised buyers had been using consumer loans in an effort to bypass the restrictions, with ... ( read original story ...)
How the UK and Hong Kong partnership unlocks business opportunities
“Think Asia, Think Hong Kong” is returning to the United Kingdom after being launched here six years ago. Organised by the Hong Kong Trade Development Council (HKTDC), the campaign seeks to promote Hong Kong as a two-way platform for UK businesses to ... ( read original story ...)
Why Hong Kong is set to lead the way on game-changing economic strategies
Hong Kong was the top IPO market in the world last year and is also the leading hub for offshore business using the Mainland currency, the Renminbi. Hong Kong has the largest Renminbi liquidity pool outside the Mainland and banks in the city handle about ... ( read original story ...)
Patten warns against calls for Hong Kong independence
Hong Kong's last British governor, Chris Patten, said Tuesday that calls for the city's independence from China dilute support for democracy, and residents should engage in dialogue and not hate speech. Patten, who presided over the return of Hong Kong to ... ( read original story ...)