Cathay Pacific Airways Ltd. is losing its decades-old membership of Hong Kong’s benchmark equity gauge as the city ... will be dropped along with Kunlun Energy Co. as part of Hang Seng Indexes Co.’s quarterly review. Country Garden Holdings Co ... ( read original story ...)
Razer to raise upwards of $504 million in Hong Kong IPO
PC gaming company Razer is set to raise upwards of US$504 million (HK$3.9 billion) when it lists on the Hong Kong Stock Exchange on Monday. The company, which develops gaming-focused accessories for PCs, laptops and is preparing to sell its first ... ( read original story ...)
HK’s Razer IPO raises $528 million amid heavy retail demand
HONG KONG (Reuters) - Razer Inc (1337.HK), backed by Intel Corp (INTC.O) and Hong Kong billionaire Li Ka-shing, on Friday set its initial public offering price at HK$3.88 per share, confirming a report by a Reuters's publication that the gaming hardware ... ( read original story ...)
Hong Kong’s IPO Market Is Getting Out Of Control (EWH)
From Tyler Durden: IPO mania is gripping Hong Kong and if you’ve been looking for a warning sign that equity markets are close to a peak, just maybe this is it. It was a feature of the Hong Kong market in 2006-07, before the Great Financial Crisis, and ... ( read original story ...)
Insurers lead Hong Kong stocks higher as China eases financial industry access for foreign investors
Hong Kong stocks recouped all of the early losses by Friday afternoon, as Chinese insurers jumped after China said it will substantially ease access to its financial industry. Apple supplier AAC Technologies also boosted gains in the Hang Seng Index, as it ... ( read original story ...)
As Hang Seng hits decade highs, Chinese step up buying Hong Kong stocks
SHANGHAI, Nov 10 (Reuters) - With Hong Kong stocks hitting fresh decade-highs this week ... Renewed upward momentum this week propelled the benchmark Hang Seng Index to its highest level in 10 years, and mainland investors accelerated their buying. ( read original story ...)
Lee Kum Kee Wins the First Business for Social Good Award by Our Hong Kong Foundation
HONG KONG, Nov. 10, 2017 /PRNewswire/ -- Lee Kum Kee won the first "Business for Social Good Award" by Our Hong Kong Foundation in recognition of its contribution in creating shared values and promoting corporate sustainable development. As a responsible ... ( read original story ...)
Hong Kong stocks open lower, dragged by financials
Hong Kong stocks opened lower in early trading on Friday, retreating after closing above 29,000 for the first time in 10 years the previous day. Chinese banks and insurers were hit most as the Hang Seng Index fell 0.3 per cent, or 82.06 points, to 29,054 ... ( read original story ...)
Security vehicle firm banks on Hong Kong mega bridge to boost cross border transport of money, gold, and jewels
A company that moves some 600 million yuan between Hong Kong and the mainland every day is banking on the multibillion dollar Hong Kong-Zhuhai-Macau bridge to expand its suite of services and internationalise its business. Vpower Finance Security ... ( read original story ...)
Core member of Hong Kong pro-democracy party Demosisto resigns after finance rules violation
Hong Kong’s youngest political party Demosisto, co-founded by student activist Joshua Wong Chi-fung, removed a core member from its standing committee on Thursday after he was found to have violated the group’s financial rules. Derek Lam Shun-hin, 24 ... ( read original story ...)
Hong Kong’s Real Bull-Market Killer
ICBC, by comparison, made less than 25 percent of its stock freely tradable in Hong Kong. Its two biggest shareholders, Huijin and China's Ministry of Finance, can only offload their stakes in Shanghai. This subtle distinction is making a world of ... ( read original story ...)
Hong Kong soccer fans boo Chinese anthem despite tougher new laws
Hong Kong soccer fans loudly booed China's national anthem at a match Thursday in the Chinese-controlled city, defying Beijing days after Communist leaders tightened penalties for disrespecting the song. Fans dressed in red in one section of the stadium ... ( read original story ...)
Defiant Hong Kong soccer fans boo China anthem at match
Hong Kong soccer fans have loudly booed China's national anthem at a match in the Chinese-controlled city. The jeering Thursday night defied Beijing days after Communist leaders tightened penalties for disrespecting the song. The long-simmering anthem ... ( read original story ...)
Why is Singapore much smarter than Hong Kong? City left trailing rival in global technology index
Hong Kong has been ranked 68th in a global smart city index – way behind its main rival Singapore, which came in second, and trailing its neighbours in the region like Taipei, Tokyo and Seoul. Despite recent efforts by the government to make the city ... ( read original story ...)