HONG KONG (Reuters) - Alibaba-backed online parenting firm Babytree Group launched a Hong Kong IPO of up to $281 million on Wednesday, far below what the Chinese company had hoped to raise, as weak ma... ( read original story ...)
Proactive gov’t benefits banking
Indeed, the Hong Kong banking sector performed well in the first half of 2018. Of course in the same way the Hong Kong economy performed well in the first half of 2018, making a real growth of 4%. The ... ( read original story ...)
Hong Kong Mortgage Corp Plans Infrastructure Funding Next Year
Hong Kong Mortgage Corp., the city’s government-backed home-loan insurer, plans to diversify into infrastructure financing next year. HKMC will first buy loan assets from banks and multilateral lender... ( read original story ...)
Would-be buyers take heart as Hong Kong property market finally begins to cool
HONG KONG (Reuters) - Potential homebuyers priced out of Hong Kong’s stratospheric property market may now feel more hopeful as housing prices finally begin to cool after a bullish stampede ... ( read original story ...)
Hong Kong Bourse May Hand Back Monday’s Gains
Hong Kong & China Gas advanced 1.08 percent, China Petroleum and Chemical (Sinopec) dropped 1.05 percent, Sands China skidded 0.79 percent, BOC Hong Kong collected 0.69 percent, Ping An Insurance shed ... ( read original story ...)
Mainland Bank Leases Storefront in Central’s Wheelock House at 55% Discount
China’s Bank of Communications appears to be taking advantage of a sustained slide in Hong Kong retail rents to expand its footprint in the city’s Central district at a rent less than half of what an ... ( read original story ...)
Consulting firm McKinsey launches new arm for design services
Lunar, founded in 1984, added offices and design studios in San Francisco, Chicago, Hong Kong and Munich to McKinsey’s footprint. Just 18 months later, Carbon12 followed suit, with the boutique design ... ( read original story ...)
Hong Kong: HANG SENG INDEX (.HSI) Investors buy on trade optimism, but long-term interest lacking
Stocks in Hong Kong rose on Tuesday as Beijing and Washington are said to be preparing for fresh trade talks, helping investors overcome the overnight rout in the U.S. markets. The Hang Seng index gai... ( read original story ...)
Alibaba’s Jumpstarter event to showcase 100 global startups in Hong Kong
Jumpstarter aims to identify promising entrepreneurs and provides them with capital, operational support and networking resources to grow their business Jumpstarter, a not-for-profit initiative by Ali... ( read original story ...)
Hong Kong’s I-Cable Seeks $88 Million for Content and Restructuring
Hong Kong’s cable network provider i-Cable Communications has unveiled an $88 million (HK$692 million) share issue. It is intended to restructure the company and invest in new content. The share issue ... ( read original story ...)
Hong Kong’s World-Beating IPO Market Starts to Show Cracks
Amid a banner year for Hong Kong listings, cracks are starting to show in the world’s biggest market for initial public offerings. A parenting website part-owned by Alibaba Group Holding Ltd. on Tuesd... ( read original story ...)
Hong Kong and Macau among ‘creators of China’s great miracle of reform and opening up’, says President Xi Jinping
President Xi Jinping gave Hong Kong and Macau a ringing endorsement as he set out how both cities blazed a trail during China’s economic reforms, and praised the cities as being among the “miracle cre... ( read original story ...)
Tencent-backed Chinese travel firm slashes HK IPO size amid weak markets
Tencent Holdings-backed online Chinese travel firm Tongcheng-Elong launched a far smaller than expected Hong Kong IPO of up to $233 million on Tuesday, amid a weak stock market and a string of poor pe... ( read original story ...)
Hong Kong property developer Sino Land’s sandbox to let start-ups try and test out innovations for real world use
Property developer Sino Land has launched an innovation lab that will allow start-ups to showcase and test out how their solutions could be used in the real world. The 3,000 square feet Sino Inno Lab ... ( read original story ...)