Among the actives, China Life Insurance surged 4.25 percent, while China Mengniu Dairy soared 3.37 percent, Galaxy Entertainment spiked 3.01 percent, BOC Hong Kong jumped 2.18 percent, AIA Group ... ( read original story ...)
New World Development plans blockchain platform for home deals
New World Development (0017) has collaborated with Hong Kong Applied Science and Technology Research Institute to launch a blockchain platform PropTech, that will allow secure purchases of flats from ... ( read original story ...)
Fund Companies Ask Hong Kong to Relax IPO Investment Rules
Global asset managers are lobbying Hong Kong to relax rules that forbid existing shareholders to subscribe to initial public offerings. The Asia Securities Industry and Financial Markets Association a... ( read original story ...)
Hong Kong’s pent-up property demand may herald price rebound
“When a series of negative news happens, many people with real demand, for example the newlyweds, defer their purchases, creating pent-up demand. These demands don’t vanish, they accumulate.” Hong Kon... ( read original story ...)
Cryptocurrency companies use ‘backdoor’ listings to ease into mainstream
Hong Kong officials have already questioned the sustainability of crypto businesses when last year, the world’s largest makers of cryptocurrency mining rigs did not follow through on IPO plans ... ( read original story ...)
Logistics Startup Lalamove Goes Unicorn With $300M Investment
Lalamove, an on-demand delivery and logistics startup based out of Hong Kong, has raised $300 million in a Series D funding round, which brings its valuation to $1 billion or more, granting it unicorn ... ( read original story ...)
New payment system at HSBC on way
The Hongkong and Shanghai Banking Corporation has launched the PayMe for Business beta test program, allowing merchants who are HSBC Business Banking customers in Hong Kong to collect money.The beta t... ( read original story ...)
Hong Kong opens banking market to online competition
Digital banking licences set to be issued to 6 companies including Tencent, Ant Financial and Xiaomi The sales pitch from the Chinese companies is expected to be easier online banking that gives acces... ( read original story ...)
Saudi sisters stuck in Hong Kong months after fleeing kingdom
Hong Kong police told the AFP news agency the case is under investigation and confirmed they received a missing person report and a separate report made by "two expatriate women" in September. Hong Ko... ( read original story ...)
Saudi sisters stopped in Hong Kong as they flee kingdom
Two young Saudi sisters in Hong Kong said on Thursday they had been intercepted by kingdom officials at the city's airport while attempting to escape to Australia, in the latest case of women fleeing ... ( read original story ...)
Filipino tourists jailed in HK for bank account scam
If it’s too good to be true, it probably is. Three Filipino call center agents have been sentenced to five months of jail time in Hong Kong over an alleged bank account scam, the Philippines ... ( read original story ...)
Hong Kong’s Central Banker to Step Down After a Decade in Charge
Hong Kong’s de facto central bank is bidding farewell to its chief after a decade, starting the search for a successor at a time when the city faces an outlook made uncertain by the slowing Chinese ec... ( read original story ...)
The West trusts Hong Kong, it is a unique position the city must not lose, business leaders say at China Conference
Business leaders called for Hong Kong’s uniqueness to be preserved and enhanced during the development of the Greater Bay Area, at the South China Morning Post’s flagship China Conference in Hong Kong ... ( read original story ...)
Hong Kong property developer Chinese Estates Holdings says full-year profit to tumble by as much as 78 per cent
Hong Kong property developer Chinese Estates Holdings said on Wednesday it expected a drop as much as 78 per cent in its full-year net profit for 2018, which it said was down to poor sales performance ... ( read original story ...)