Bengaluru-based B2B ecommerce startup ShopX has raised $35 million from Fund Strategic Holdings Limited (FSH) headquartered in Hong Kong. With the fresh funding, ShopX plans to expand to lakhs of smal... ( read original story ...)
Smart Management Co., Ltd. Leaps into Hong Kong, Bringing FXRENT to the Global Hub Market
Having bridgehead in Hong Kong, the center of Asian financial market, Smart Management targets East-Asia and Mainland China SEOUL, South Korea, Aug. 7, 2018 /PRNewswire/ -- Smart Management Co., Ltd. ... ( read original story ...)
Hong Kong’s IPO market braces for China Tower debut after string of poor starts
HONG KONG, Aug 7 (Reuters) - Hong Kong is readying to host the ... Earlier this month, Ascletis Pharma Inc became the first firm to list under new rules for biotech startups, having raised $400 millio... ( read original story ...)
Number of Hong Kong McDonald’s ‘McRefugees’ sleeping in restaurants has skyrocketed
Hong Kong has been ranked number one for least affordable housing ... Alexandra Deabler is a Lifestyle writer and editor for Fox News. ( read original story ...)
Hong Kong Foreign Correspondents’ Club stands firm against Chinese pressure
HONG KONG (Reuters) - Hong Kong’s Foreign Correspondents’ Club resisted pressure from Chinese officials to cancel an event with an independence activist, provoking rebuke from the pro-Beijing establis... ( read original story ...)
Top-5 Countries to Setup Fintech & Blockchain Startups
In general, Germany has a well-developed financial regulation (though not an easy one), an advanced approach in regulation towards crypto, a welcoming banking sector, and a highly developed startup ec... ( read original story ...)
Hong Kong homebuyers’ first mortgage rate increase in 12 years may come as early as September
Hong Kong banks may increase lending rates for the first time in 12 years as early as September, meaning bad news for the city’s home mortgage borrowers and credit card holders as well as for companie... ( read original story ...)
Hong Kong Defies Market Slump With Record Summer IPO Haul
Hong Kong IPO bankers aren’t getting much of a break this summer. The city’s market for initial public offerings is in the middle of its biggest summer on record, despite a slumping benchmark stock in... ( read original story ...)
Bluestein R H & Company Upped Newell Brands (NWL) Stake By $990,000; BOC HONG KONG HOLDINGS LTD. ORDINARY SHA (BNKHF) SI Decreased By 22.82%
Bluestein R H & Company increased Newell Brands Inc (NWL) stake by 396% reported in 2018Q1 SEC filing. Bluestein R H & Company acquired 39,600 shares as Newell Brands Inc (NWL)’s stock declined 9.20%. ... ( read original story ...)
Rising costs and U.S. settlement crimp HSBC’s first-half profit
HONG KONG/LONDON (Reuters) - HSBC Holdings Plc (HSBA.L) posted a small increase in first-half pretax profit, as rising expenses from investments in a new growth strategy and a $765 million settlement ... ( read original story ...)
Journalists in Hong Kong defy gov’t request to cancel speech
HONG KONG – A journalists' association in Hong Kong says it will defy the Chinese government and follow through with a planned speech by a pro-independence activist that has become a mounting politica... ( read original story ...)
Japan’s Universal says former chairman Okada arrested in Hong Kong
He was also ousted as a director of Hong Kong investment company Okada Holdings ... Universal shares closed 5.6 percent lower after the news, which was released minutes before the market closed. The b... ( read original story ...)
HSBC posts small rise in first-half profit, as expenses, U.S. settlement weigh
HONG KONG/LONDON (Reuters) - HSBC Holdings Plc (HSBA.L) posted a small increase in first-half pretax profit, as rising expenses from investments in a new growth strategy and a $765 million provision a... ( read original story ...)
Hang Seng Bank beats expectations to report 29 per cent increase in interim profit
Hang Seng Bank, a subsidiary of HSBC, Hong Kong’s largest bank, on Monday reported a better than expected increase in net profit for the first half of 2018, which rose by 29 per cent thanks to higher ... ( read original story ...)