Of the 18 traded in Hong Kong, six have already come to market, raising a combined $1.3 billion. Logan Property Holdings Co. is seeking as much as $252 million in a top-up placement, according to terms cited by Bloomberg News on Thursday. Logan hasn't ... ( read original story ...)
Non-bank mortgage loans a time bomb in the making
Recent market studies have shown a rapid increase in non-bank mortgage lending as home prices continued to surge. The Hong Kong Monetary Authority, the city's de facto central bank, has issued some warnings about the high cost of non-bank loans but has yet ... ( read original story ...)
Using HSBC HK overseas
All set with your Hong Kong company and HSBC bank account? Congratulations! It can be quite a feat, especially in today’s rather strict KYC – “Know your Customer” world. So, after you have the bank account, you may want to make some changes. ( read original story ...)
Hong Kong stocks drop after S&P cuts China, Hong Kong’s credit ratings
HSBC dragged the most on the Hang Seng Index, down 0.7 per cent to HK$76.15. Chinese financial shares staged a broad retreat. China Construction Bank lost 0.6 per cent to HK$6.63, Ping An Insurance dropped 0.8 per cent to HK$62.1 and China Life Insurance ... ( read original story ...)
Hong Kong woman sues ex over property put in his name to avoid foreign buyers’ tax
A Hong Kong businesswoman is suing her ex-boyfriend over ownership of a property in Richmond, B.C., which she purchased but claims was put in his name in an apparent move to avoid paying the 15 per cent foreign buyers' tax. In a notice of civil claim filed ... ( read original story ...)
How the Hong Kong IPO market is performing in 2017
Hong Kong is expected to complete new listings for 106 companies raising about HK$85 billion (US$10.90 billion) by September 30 2017, compared with 71 initial public offerings (IPOs) raising HK$134.3 billion in the same period last year, according to the ... ( read original story ...)
China, Hong Kong shares advance as Fed rate rise bets boost financials
SHANGHAI, Sept 21 (Reuters) - China and Hong Kong shares rose on Thursday, bucking regional weakness, as revived expectations of another U.S. rate increase later this year boosted financial stocks, offseting profit takig in high-flying commodity plays. ( read original story ...)
BRIEF-Hong Kong Monetary Authority launches financial dialogue with Swiss authorities
* Says launched in Bern a financial dialogue with State Secretariat for international financial matters under the Swiss Federal Department of Finance to promote cooperation on financial market issues of common interest * Says dialogue aims to enhance ... ( read original story ...)
Hong Kong woman wants her ex out of B.C. home. The problem? His name is on the title
But Wu, who lives in Hong Kong, didn’t want to pay B.C.’s 15 per cent foreign buyers tax, court documents said. Chu is from Richmond, and Wu claims he helped her buy a home in the city by putting the land title and mortgage under his name. Online real ... ( read original story ...)
Hony Capital-backed VC fund to invest in Hong Kong tech startups
HONG KONG (Reuters) - Beyond Ventures, a new venture capital fund backed by China’s Hony Capital, plans to raise HK$1.2 billion ($154 million) to invest in early-stage technology startups in Hong Kong as the financial hub continues to struggle to boost ... ( read original story ...)
Hong Kong leader condemns UK criticism over jailed activists
Hong Kong's leader has condemned criticism from British politicians over the city's recent jailing of student activists, saying such comments are unfair and "disrespectful." Addressing a business dinner in London on Wednesday, Carrie Lam said she was ... ( read original story ...)
BOC seized P2M worth of smuggled glutinous rice
MANILA: The Bureau of Customs (BOC) has discovered misdeclared goods inside a container van from Hong Kong. Its accompanying documents states it contains apparels such as undergarments. But following X-ray inspection, the Customs personnel discovered sacks ... ( read original story ...)
European Fintech deals indicate change of stance toward booming industry by conservative Hong Kong
TNG FinTech Group, Hong Kong’s biggest electronic wallet service provider, signed an agreement with Tranglo Europe Limited, a cross-border payment company in the UK, with an aim to expand its existing money transfer business to Europe. Another deal was ... ( read original story ...)
Hong Kong woman wants her ex out of B.C. home. The problem? His name, on the title: lawsuit
But Wu, who lives in Hong Kong, didn’t want to pay B.C.’s 15 per cent foreign buyers tax, court documents said. Chu is from Richmond, and Wu claims he helped her buy a home in the city by putting the land title and mortgage under his name. Online real ... ( read original story ...)