Chinese technology giant Xiaomi is readying flotation plans as Hong Kong Exchanges and Clearing (HKEX) unveils major changes to its listings rules with the aim of winning a string of blockbuster initial public offerings with multibillion-dollar valuations. ( read original story ...)
Single parking spot in Hong Kong shatters property price record
Hong Kong, a city with some of the costliest real estate in the ... according to property agents, as cited by Business Insider. Renting the parking spot is reportedly more expensive than monthly rent for the city’s smaller apartments. ( read original story ...)
Tears and fear in Hong Kong Monetary Authority’s 1997 currency war against hedge funds
As Asian currencies started plunging one after another, starting with the Thai baht in July 1997, the attention soon turned to Hong Kong, the financial hub of Asia, barely months after sovereignty had been handed by the British colonial government back to ... ( read original story ...)
Financial institution backing out of new tar sands, fossil fuel projects
Europe’s largest international financial institution, HSBC (Hong Kong and Shanghai Banking Company) has made a major announcement today. The worlds seventh largest lender said it will no longer finance any new developments dealing with Canada’s tar ... ( read original story ...)
HK retail investors have dwindling trust in financial advisers
Hong Kong’s retail investors trust their financial advisers the least among 12 global financial markets surveyed, which the head of the CFA Institute in Asia Pacific describes as a “wake up call” for the city. The finding was based on a poll of 3,127 ... ( read original story ...)
Hong Kong budget philosophy offers very little change
Among these are: Hong Kong-Zhuhai-Macau bridge (26 per cent), Kai Tak district ... According to a previous study by the same Legco unit, for much of his tenure, former finance chief John Tsang Chun-wah’s budget giveaways and handouts mostly benefited ... ( read original story ...)
Why are Hong Kong’s young people abandoning student unions?
Au Nok-hin is the youngest member of Hong Kong’s Legislative Council, but the 30-year-old is an old hand at working the ground to champion his cause. He cut his teeth as the internal secretary of Chinese University’s student union 10 years ago ... ( read original story ...)
‘Guide dogs welcome’ in 80 Hong Kong taxis, operator announces
A taxi operator has taken the first step in welcoming guide dogs on board amid complaints that visually impaired customers and their canine companions are being turned away by drivers and businesses in Hong Kong. SynCab, which operates a team of 120 cabs ... ( read original story ...)
Hong Kong is running out of space to put its dead
VICE News went to Hong Kong to see just how hard it is for Hongkongers to find a resting place, and to look at some of the solutions being offered. In land-scarce Hong Kong, finding a final resting place for the dead can be a nightmare. And new regulations ... ( read original story ...)
Hong Kong SAR investment promotion chief visits Middle East to promote the city’s unique business advantages
HONG KONG, 2018年4月22日 - (JCN Newswire) - The InvestHK Director-General of Investment Promotion, Mr Stephen Phillips, today embarks on a five-day duty visit to the Middle East, aimed at engaging the region's business and entrepreneurial communities ... ( read original story ...)
Are e-cigarettes all smoke and mirrors? One man’s quest for clean Hong Kong air
With the daily smoking rate of Hong Kong’s population at a record low, one might think public health advocate Antonio Kwong Cho-sing could not be any happier as head of the Hong Kong Council on Smoking and Health, an anti-smoking activist group. ( read original story ...)
Ping An Good Doctor Starts Preparing $1.1 Billion Hong Kong IPO
Chinese online healthcare platform Ping An Good Doctor, a unit of the country’s biggest insurer by market value, will start taking investors’ orders for a Hong Kong initial public offering that could raise as much as HK$8.8 billion ($1.1 billion). ( read original story ...)
Nirav Modi fraud: PNB moves Hong Kong court, plans legal action in others countries
NEW DELHI: After moving the insolvency authority in the US, Punjab National Bank (PNB) has raised heat by approaching Hong Kong Court against billionaire jeweller Nirav Modi, who is accused of a Rs 13,000-crore fraud. The bank plans to approach other ... ( read original story ...)
Grenville Cross SC: Returning fugitive offenders – let’s make a start with Macau
When the Hong Kong SAR comes of age on 1 July ... Although there are significant differences between China’s various legal systems, a start must be made somewhere, and Macau is the obvious starting point. Given that Macau has no death penalty, and ... ( read original story ...)