Hong Kong’s innovation and technology sector is due for a significant boost from a slew of initiatives announced in Beijing on Wednesday, including the setting-up of two new state-backed laboratories ... ( read original story ...)
Hong Kong Monetary Authority intervenes in currency market for first time since May
Hong Kong’s de facto central bank said it has stepped in the foreign currency market to defend the Hong Kong dollar for the first time since May, bringing a key property loan interest rate closer to a ... ( read original story ...)
Cryptocurrency’s millennial mining tycoon is planning a $3-billion IPO
Bitmain Technologies Ltd., the world’s biggest producer of cryptocurrency mining chips, is planning a Hong Kong initial public offering that could raise as much as US$3 billion, people with knowledge ... ( read original story ...)
Currency pressure forces Hong Kong and Indonesia into action
Asian currencies came under renewed pressure on Wednesday forcing central banks in Indonesia and Hong Kong to take action and marking an escalation in the fallout across emerging markets from the fina... ( read original story ...)
Crypto’s Millennial Mining Tycoon Is Planning a $3 Billion IPO
Canaan Inc., a maker of crypto mining gear that’s also working on AI applications, has already filed for a Hong Kong IPO. The company will aim to raise about $1 billion, people with knowledge of the m... ( read original story ...)
‘Very substantial’ financial loss: Hong Kong court rejects application to halt controversial joint checkpoint plan
The High Court on Tuesday dismissed an application by ousted lawmaker Baggio Leung and activist Kwok Cheuk-kin to halt the joint checkpoint arrangement of the Express Rail Link, which is expected to s... ( read original story ...)
Goldman-Backed Heart Valve Startup Is Said to Mull Hong Kong IPO
Venus MedTech, a Chinese developer of heart valve replacements backed by Goldman Sachs Group Inc., is considering a Hong Kong initial public offering, people with knowledge of the matter said. Venus, ... ( read original story ...)
Crypto Mining Giant Bitmain Plans Up to $3 Billion IPO
Canaan Inc., a maker of crypto mining gear that’s also working on AI applications, has already filed for a Hong Kong IPO. The company will aim to raise about $1 billion, people with knowledge of the m... ( read original story ...)
Hong Kong steps in to defend currency peg for first time since May
Hong Kong came off the sidelines to defend its currency for the ... which lost a fifth of its value last week amid trade tension with the US and concern over the country’s financial stability. The lir... ( read original story ...)
Logistics startup Lalamove seeks to expand in Malaysia
After raising US$100 million (around HK$780 million) in series C funding in October last year, Hong Kong logistics startup Lalamove has ventured into the Malaysia market, testing its services in Kuala ... ( read original story ...)
Hong Kong: HANG SENG INDEX (.HSI) continues to advance
Stocks in Hong Kong continued to advance today ... or 54.3 points, at 10,920.4. Shares in Hang Seng Bank (0011) continued to climb after its interim results announcement yesterday, rising by 2 percent ... ( read original story ...)
Hong Kong: HANG SENG INDEX (.HSI) blue chip benchmark drops Bank of East Asia and China Merchants Port
China Merchants Port Holdings and Bank of East Asia, long term constituents of Hong Kong’s benchmark Hang Seng Index, will be replaced by Sino Biopharmaceutical and Shenzhou International Group Holdin... ( read original story ...)
Hong Kong Intervenes to Defend Currency Peg for First Time Since May
... Hong Kong’s interest rates are set to rise. Home loan rates had their biggest jump in five years after major lenders including HSBC Holdings Plc. and BOC Hong Kong Holdings Ltd. lifted the cap for ... ( read original story ...)
In a speech that Beijing tried to stop, Hong Kong independence advocate lashes out
Under a Sino-British accord, Hong Kong kept its legal system, currency and civic freedoms, famously guaranteed for 50 years under the "one country, two systems" formulation. The city is a major global ... ( read original story ...)