Mao Daqing, founder and CEO of China’s most valuable co-working space start-up Ucommune, said he would consider an IPO for the firm in two or three years, with Hong Kong being a strong possibility after the city amended its listing rules to welcome more ... ( read original story ...)
Hong Kong is taking the fight to money launderers — but the ‘air bubble’ is hard to stamp out
A Hong Kong government report says money laundering puts the city at "medium high" risk, with the banking sector risk labeled "high." Reports of suspicious transactions are on the rise, but a lack of qualified experts is putting strains on the system. ( read original story ...)
Portable air con, robots and mobile body fat apps hope to woo investors at Hong Kong’s annual start-up fair
An air conditioner the size of a Coca-Cola bottle, a body fat gauge for your mobile phone and a robot controlled only by gestures are among some of the products on show at an annual fair for start-up entrepreneurs in Hong Kong. The 10th Entrepreneur Day ... ( read original story ...)
Hongkong Land : Property Perfect and Hongkong Land announce joint high-end housing projects
BANGKOK, 16th May 2018-Property Perfect and Hongkong Land today unveiled an agreement for the joint development of landed residential property projects in Bangkok, Thailand, targeting the upper-income segment with luxury houses priced as high as Bt100 million. ( read original story ...)
Hong Kong’s Exchange Fund posts weakest first-quarter gain since 2016 after losses from overseas stocks
Hong Kong’s Exchange Fund, the city’s reserves and asset war ... There are political tensions,” HKMA chief executive Norman Chan Tak-lam told the monthly financial affairs panel meeting on Tuesday morning, when he presented the latest Exchange ... ( read original story ...)
ASIC Manufacturer Officially Files $1 Billion IPO In Hong Kong
It seems that the creator of the Avalon Bitcoin ASIC mining hardware has taken moves to secure a stock listing spot on the Hong Kong stock exchange. The company, usually known as Canaan, is seeking for $1 billion in IPO funding. Canaan Creative, better ... ( read original story ...)
Belarus, Hong Kong discuss cooperation in trade, finance
MINSK, 16 May (BelTA) – Belarus and Hong Kong have discussed matters concerning the advancement of cooperation in trade and finance, representatives of the Association of Belarusian Banks told BelTA. The Association's Chairman Alexander Kuchinsky met ... ( read original story ...)
Move over London, hello Hong Kong-Beijing-Shanghai as the world’s top financial centre?
There have been fierce debates in the United Kingdom and the rest of Europe since the Brexit vote about what might happen to the City of London in terms of its position as the world’s pre-eminent financial services centre. These arguments by ... ( read original story ...)
A Hong Kong architect thinks ‘tube homes’ made from concrete pipes can be a solution to the world’s housing crisis
"We are facing a tangible affordability problem in our cities," architect James Law told Business Insider. "It is almost beyond the reach of most people to afford to live in a proper home in Hong Kong Law thinks he may have a solution: a retro-fitted ... ( read original story ...)
Hong Kong’s bill for defending city’s currency since April stands at HK$52.9 billion
The Hong Kong Monetary Authority, the city’s de facto central bank, intervened in the foreign currency market to defend the Hong Kong dollar on Tuesday, bringing its total purchases of its own currency since April to about HK$52.9 billion (US$6.7 billion). ( read original story ...)
Hong Kong Journalist Is Roughed Up and Detained by Police in Beijing
HONG KONG — A cameraman from a Hong Kong news station was roughed up and detained by the police in Beijing while trying to cover a human rights lawyer’s disciplinary hearing, the Hong Kong news media reported. Video footage shows uniformed police ... ( read original story ...)
Hong Kong and Indonesia reflect growing pressure on EM currencies
The HKMA’s intervention on Wednesday, using its reserves to sell US$200m and buy HK$1.57bn, marked the 14th time that it has stepped in to prop up the persistently weak local currency in the past month, The de facto central bank has spent a total of HK$ ... ( read original story ...)
Hong Kong journalist handcuffed and dragged into police van in Beijing while covering hearing of human rights lawyer Xie Yanyi
... State Council’s Hong Kong and Macau Affairs Office “mediated” at the request of the Hong Kong government. The incident came four days after i-Cable News journalist Chan Ho-fai was kicked and beaten by two men in mainland China’s southwestern ... ( read original story ...)
Hong Kong’s Property Market Blows Past Another Record
Hong Kong’s roaring property market has blown past another record. Sun Hung Kai Properties Ltd. paid HK$25.2 billion ($3.2 billion) for a plot of residential land by the highly sought-after locale near Hong Kong’s former airport, beating out bidders ... ( read original story ...)