A landmark skyscraper owned by Hong Kong's richest man Li Ka-shing has sold for a record price of more than $5 billion, the company confirmed Wednesday, indicating the city's booming property sector shows no sign of slowing down. The rumoured sale of The ... ( read original story ...)
Hong Kong stocks slide lower in early trades, weighed by financials
Hong Kong stocks traded lower on Thursday early morning, weighed by losses in financial companies. The Hang Seng Index was down 0.2 per cent, or 53.32 points, to 28,540.74 in early trading on Thursday, while the Hang Seng China Enterprises Index fell 0.2 ... ( read original story ...)
Silicon Valley Startup Raises $41M From Tencent & MindWorks Ventures To Teach Kids Coding In Asia
We’ve been seeing a trend of Silicon Valley startups coming to Asia to seek both funding and customer expansion for several years now. Not only do financial hubs like Hong Kong offer access to investment, but also the perfect strategic entry point for ... ( read original story ...)
Hong Kong motorists warned of delays as road works start on major city route
Hong Kong’s Transport Department has told commuters to leave home earlier for work and school on Thursday morning as road works are expected to cause serious traffic congestion on a major thoroughfare connecting the New Territories and Kowloon. ( read original story ...)
Here’s how to get into Bank of China in Hong Kong
To find out, we looked at online profiles of current BoC employees to see how many of them attended leading universities in Hong Kong, China and globally. We then ranked the 15 most popular of these universities among the firm’s Hong Kong-based workforce ... ( read original story ...)
Crunch Report | Razer Looks to Raise $550 Million in Hong Kong IPO
I don’t know what to wear on Crunch Report (It’s a hard decision and I suck at dressing myself). If you are a startup and want to me to wear something mail me an XL T-shirt and I’ll wear it in an episode. I’m not going to mention the company on ... ( read original ...
Hong Kong skyscraper sells for a record $5.2 billion
Li Ka-shing's CK Asset Holdings confirmed Wednesday that it had sold his interest in The Center, the fifth-tallest building in Hong Kong, for $5.2 billion. That's a record for a commercial property in Hong Kong. CK Asset Holdings said it expects to make a ... ( read original story ...)
Tencent Unit’s Hong Kong IPO Draws a Crowd
The tech-stock ardor sweeping the world has reached Hong Kong, judging by the response to China Literature Ltd.'s initial public offering. Continue Reading Below Orders for the IPO of the Tencent Holdings Ltd. unit, expected to raise $1.1 billion next week ... ( read original story ...)
Opulent home on Hong Kong’s Peak sold for nearly $149 million
Hong Kong authorities have tried to implement a raft of measures to cool the city’s property prices but Chief Executive Carrie Lam has said the government has no “magic wands”. The former British colony is one of the world’s wealthiest cities with ... ( read original story ...)
World Bank ranks Hong Kong No 5 on list of easiest places in the world to do business
Hong Kong slipped one place to fifth in the World Bank’s ranking of the easiest places to do business on Wednesday, prompting a government spokesman to say officials were working to strengthen legislation to improve the score. For the second straight ... ( read original story ...)
Hong Kong-listed firms urged to step up efforts on environmental, social and governance disclosure
Hong Kong-listed companies need to act fast to raise their environmental, social and governance (ESG) reporting and quality disclosure to match international standards to attract global investors and maintain the city’s status as a leading global ... ( read original story ...)
Tencent’s Red-Hot E-Book IPO Sets Stage for Music Arm Debut
China Literature Ltd., the online reading unit helping Tencent Holdings Ltd. build an entertainment empire, raised $1.1 billion alongside existing investors in its Hong Kong initial public offering, according to people with knowledge of the matter. ( read original story ...)
Hong Kong’s No Home for Orphans
For example, mainland buyers via the stock connect account for almost 5 percent of the shareholder base of HSBC Holdings Plc, the Hong Kong-founded bank that's now headquartered in London. The rest needn't bother. The city's stock market may be five ... ( read original story ...)
Hong Kong vows to further improve business environment after World Bank’s annual ranking
HONG KONG, Nov. 1 (Xinhua) -- The government of China's Hong Kong Special Administrative Region (HKSAR) vowed on Wednesday to further improve its business environment, after a World Bank annual report re-affirmed Hong Kong's position as one of the world's ... ( read original story ...)