Hong Kong police have broken up a crack cocaine factory at a luxury flat in Yuen Long, seizing the largest haul of raw drug materials in 10 years and arresting four men, one of them Peruvian. The ingredients – thought to have been flown into the city ... ( read original story ...)
Hong Kong consumers warm to online shopping, with a little help from Alibaba’s Singles’ Day
E-commerce has been slow to catch on in Hong Kong compared to other developed Asian markets such as South Korea and Taiwan, but Alibaba Group’s giant Singles’ Day online shopping event is helping change that mindset. Surveys show that Hong Kong ... ( read original story ...)
China opens finance industry to foreign firms, but is it too late for Hong Kong players?
China’s decision to remove foreign ownership restrictions on financial firms within five years has been welcomed by Hong Kong’s government, but many in the local financial industry believe the change will has come too late to be of much benefit to the ... ( read original story ...)
Elderly in Hong Kong encouraged to volunteer, in return for care later, in ‘time bank’ projects
The Hong Kong government is happy to help non-government organisations that come up with “time bank” projects to inspire more elderly people to volunteer, the city’s labour chief revealed on Saturday. Secretary for Labour and Welfare Law Chi-kwong ... ( read original story ...)
Winners of Canon PhotoMarathon Hong Kong 2017 announced
HONG KONG, CHINA–(Marketwired – Nov 11, 2017) – Canon Hongkong Company Limited (Canon Hongkong) (TSE: 7751) (NYSE: CAJ) today honoring winners of Canon PhotoMarathon (CPM) Hong Kong 2017 for their outstanding shots of the city during the competition ... ( read original story ...)
Hong Kong’s business confidence remains sluggish amid vibrant tech start-up activity
While Hong Kong’s start-up revolution continues to surge because of increased activity in the financial technology field and the spark provided by young billion-dollar companies, a new study has found that overall business confidence in the city is down ... ( read original story ...)
Would you buy your children a flat in Hong Kong? Seven out of 10 parents in the city say they would
About half of those queuing up were first-time buyers receiving help from their parents, according to Louis Chan, Asia-Pacific vice-chairman and managing director for residential sales at Hong Kong property agent Centaline. HKMA figures highlighting the ... ( read original story ...)
Price of waterfront land in Hong Kong’s Cheung Sha Wan could reach record as 11 firms bid
A total of 11 Hong Kong and mainland Chinese developers have submitted bids ... while China Overseas, Logan Property and Shimao Properties were among the mainland Chinese players joining the fray. The value of the land has the potential to break the ... ( read original story ...)
China, Hong Kong Received Dominant Share of Global PropTech Investments Since 2013
office skyscrapers in Hong Kong are the most expensive commercial real estate assets in the world in 2017. Yield Spreads Are Main Focus of Asia Pacific Property Investors CBRE is reporting that investors in Asia Pacific real estate in 2017 remain heavily ... ( read original story ...)
Hong Kong warns: Li Ka-Shing Sells The Center in 5.15bn dollar Record Deal to Trim his HK’s assets
On November 1, 2017, CK Asset Holdings announced an agreement to sell the skyscraper located in Central (Hong Kong) known as “The Center” to C.H.M.T. Peaceful Development Asia Property for a total transaction value of HK$40,2bn ($5.15bn). The sale of ... ( read original story ...)
Cathay Pacific Dropped From Hong Kong’s Hang Seng After Decades
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 ...)