At the same time, an innovation ecosystem has started to emerge, facilitated by reform from the China Food and Drug Administration and the opening up of capital markets to biotech start-ups in Hong ... ( read original story ...)
(Exclusive) Hong Kong VC Mount Parker launches accelerator programme for logistics startups
Mount Parker Ventures, a seed-stage VC investor based in Hong Kong, has launched a one-day intensive accelerator programme for startups in the logistics and supply chain spaces. Christened KineticOne, ... ( read original story ...)
Exclusive: Hong Kong judges see risks in proposed extradition changes
HONG KONG (Reuters) - Some Hong Kong judges fear they are being put on a collision course with Beijing as the special administrative region's government pushes for sweeping legal changes that would ... ( read original story ...)
U.S. Warns Hong Kong to Avoid Tanker in Breach of Iran Sanctions
(Bloomberg) -- The U.S. warned Hong Kong that it could face penalties if it does business with an oil tanker headed for the city that allegedly violated sanctions on Iran. Washington wants to put ... ( read original story ...)
While it targets Alberta’s oil industry, HSBC gets back in business with Saudi Arabia
Walk down just about any runway ramp to your airplane at Calgary International Airport and HSBC advertisements are plastered everywhere. In some tunnels to the tarmac, posters that trumpet the ... ( read original story ...)
Hong Kong’s Property Tycoons Hand Over $109 Billion in Empires to Heirs
The last of Hong Kong’s ‘Big Four’ property dynasties is handing over the reins to a younger generation, completing a flood of successions at family empires worth $109 billion. Lee, who will still ... ( read original story ...)
Alibaba’s Hong Kong IPO Is a Brilliant Idea
Alibaba Group Holding Ltd.’s potential plan to raise $20 billion in Hong Kong is huge. That’s not just because $20 billion is a lot of money. After going public in New York, the Chinese e-commerce ... ( read original story ...)
Hong Kong’s Alibaba craze may finally pay off with mega IPO
Hong Kong | Hong Kong is getting a second chance to land the record-breaking deal that got away. Five years after Alibaba Group spurned the city's stock exchange for a $US25 billion ($36.1 billion) ... ( read original story ...)
Virtually ready: Digital-only banks set to open in Hong Kong
but has bills to pay in her native Hong Kong. Like many people in her situation, she pays them online. "I do all my banking remotely and I hate wasting time in bank branches," Law, a director at ... ( read original story ...)
Hong Kong’s Alibaba Craze May Finally Pay Off With Mega-Deal
(Bloomberg) -- Hong Kong is getting a second chance to land the record-breaking deal that got away. Five years after Alibaba Group Holding Ltd. spurned the city’s stock exchange for a $25 billion ... ( read original story ...)
CSSC Shipping launches IPO to raise HK$2.2b
CSSC (Hong Kong) Shipping, the sole leasing company under China State Shipbuilding Corporation, launches a Hong Kong initial public offering today to raise up to HK$2.18 billion.The mainland leasing ... ( read original story ...)
China’s First Bank Seizure in 20 Years Spooks Investors
(Bloomberg) -- The Chinese government’s first seizure of a bank in more than two decades piles fresh pressure on shares of small lenders that already trade at rock-bottom valuations. A Bloomberg index ... ( read original story ...)
Hong Kong’s Second-Richest Man Joins Aging Tycoons in Retirement
(Bloomberg) -- Hong Kong’s second-richest man, Lee Shau Kee, is stepping down as chairman of Henderson Land Development Co., joining the ranks of the city’s aging tycoons handing the reins to the next ... ( read original story ...)
China’s online lenders will give Hong Kong banks a sharp lesson
Their firepower stands to go a long way in eroding the highly profitable cartel of HSBC and its Hang Seng Bank subsidiary in Hong Kong. Hang Seng, in which HSBC holds more than 60%, has ... ( read original story ...)