Jan 3 Hong Kong stocks advanced on the year's first trading day on ... Investor confidence was lifted after a private business survey showing China's factory activity picked up more than expected in December as demand accelerated. But gains in the city ... ( read original story ...)
PwC: Hong Kong will have the most IPOs in 2017
Postal Savings Bank of China Chairman Li Guohua poses during the listing of the bank, the world's biggest initial public offering in two years, at the Hong Kong Stock Exchange in Hong Kong, China. Reuters/Bobby Yip Hong Kong will continue to rank top ... ( read original story ...)
Hong Kong's K2 Capital backs IoT transportation solution startup TempoGO
TempoGO, an Internet of Things (IoT) and SaaS solution for commercial transportation, has raised US$825,000 in seed funding, led by K2 Capital of Hong Kong. Founded in 2015, Mumbai-based TempoGO provides IoT and Saas solutions for the transportation industry. ( read original story ...)
Hong Kong's former leader Donald Tsang pleads not guilty as corruption trial begins
Hong Kong's former leader Donald Tsang, who ended his term in disgrace after accepting favours from tycoons, pleaded not guilty to bribery charges on Tuesday at his high-profile corruption trial. Mr Tsang, 72, held the leadership post of chief executive ... ( read original story ...)
Hong Kong Racing News: John Moore Ready for New Year
John Moore is one of the most accomplished trainers in Hong Kong history. He has been leading trainer 6 times and was the first trainer to accumulate more than 1,400 wins in Hong Kong. John’s main specialty is selecting horses in training and he makes ... ( read original story ...)
Hong Kong's former leader Donald Tsang denies graft related to China penthouse
Former Hong Kong leader Donald Tsang has denied charges of bribery related to a luxury penthouse in the Chinese city of Shenzhen. The 72-year-old pleaded not guilty to one count of "chief executive accepting an advantage" and another of misconduct in ... ( read original story ...)
Hong Kong’s Palace Museum: why we shouldn’t look a gift horse in the mouth
I think most of us know the answer to that question. Deep down, we also know the outcry over a Hong Kong version of the Palace Museum at the WKCD is fuelled not by the government bypassing a public consultation, but that it is being gifted by Beijing. ( read original story ...)
Hong Kong finance chief vows to boost consumption amid sales slump
The government plans to beef up local consumption this year to mitigate economic risks arising from global uncertainty at a time when the city’s retail slump is worsening. Acting Financial Secretary Professor Chan Ka-keung told a Legislative Council ... ( read original story ...)
Hong Kong former leader pleads not guilty over corruption
Hong Kong's former leader Donald Tsang, who ended his term in disgrace after accepting favours from tycoons, pleaded not guilty to bribery charges Tuesday at his high-profile corruption trial. Tsang, 72, held the leadership post of chief executive for ... ( read original story ...)
What can we expect in China in 2017?
As an example, it’s been very popular in 2016 to visit Hong Kong, buy single-premium life-insurance policies (with a value of up to $100 million!) using renminbi, and then use a variety of means to monetize the policy in US dollars. The credit-card ... ( read original story ...)
Hong Kong kept its post as top IPO capital in 2016
It’s been a tumultuous year for global equity markets. Asia’s financial center Hong Kong has been swayed by Brexit, Trump, and Fed rate decisions. The territory also faced domestic headwinds of slumping retail and an overheating property sector. ( read original story ...)
How Hong Kong topped the world in IPO funds raised in 2016
Hong Kong led the world in terms of amount of funds raised by initial public offerings (IPOs) in 2016 despite a substantial decline from 2015, leaving Shanghai and New York a distant second and third respectively, according to PwC. Total funds raised by ... ( read original story ...)
Singapore and Hong Kong gain ground as rising currency trading rivals to London
As a result Hong Kong and Singapore are rising challengers to London, according to the Bank of England’s quarterly bulletin, which studied data from the Bank of International Settlements. London hosted 37pc of global foreign exchange trading, down from ... ( read original story ...)
Hong Kong, China stock markets start 2017 on a high as manufacturing index hits four-year high
Positive economic data and new year’s spirit lifted both the Hong Kong and mainland markets as the first trading day of 2017 closed, but analysts warned more uncertainties lie ahead in the new year than in 2016. The Hang Seng Index (HSI) opened slightly ... ( read original story ...)