A new rule aimed at ensuring brokers, fund houses and financial advisers in Hong Kong are being run by qualified, experienced managers came into force on Tuesday. The “manager in charge” regulation requires such companies to hire staff approved and ... ( read original story ...)
Hong Kong stocks slide 2 per cent on 30th anniversary of Black Monday
Hong Kong stocks declined sharply on Thursday, with 47 of the 50 components falling in the benchmark Hang Seng Index. Mainland markets also fell. Analysts said investors’ anxiety on the 30th anniversary of Black Monday may have depressed the market, ... ( read original story ...)
Xi’s melding of Beijing’s authority and Hong Kong’s high degree of autonomy works well, top official says
President Xi Jinping’s vision for Hong Kong of a blending of the concepts of central authority and a high degree of autonomy should work well and does not need to lead to confrontation or tension, said a Beijing top official. Commenting on Xi’s ... ( read original story ...)
Hong Kong stock brokers’ plea to government: Cut stamp duty to boost turnover
Hong Kong Securities Association will continue to press the government to cut stamp duty in a bid to boost market turnover, according to the newly elected head of the association. Hong Kong stocks on Monday reached their highest level in nearly a decade ... ( read original story ...)
Hong Kong’s new Chinese opera centre will be run by an American, and local performers aren’t happy
Cantonese opera performers in Hong Kong said they were “extremely disappointed” after the job of running the city’s new showcase for the traditional art form went to an American. A stalwart of the local opera industry said Beijing-based consultant ... ( read original story ...)
Hong Kong’s Indian community celebrates annual Diwali festival with bright colours and lights
Homes, temples and businesses of Hong Kong’s Hindu, Sikh and Jain communities were draped in bright colours and lights on Thursday in celebration of Diwali, the festival of lights. Tens of thousands of Hong Kong’s Indian diaspora spent the day ... ( read original story ...)
Hong Kong Stocks Tumble Most This Year as Geely, Developers Sink
Hang Seng Index sinks as much as 2.2% in late trading Traders cite concerns from Hibor jump to Chinese deleveraging Hong Kong shares turned sharply lower in afternoon trading, led by some of the year’s best performers, as traders cited concerns ranging ... ( read original story ...)
Growth in Hong Kong home prices slows after ‘spicy’ market restrictions launched
Hong Kong property prices rose at a slower pace in July and August as government cooling measures launched a year ago showed signs of taking effect, according to the latest official data. But the runaway prices, which are among the highest in the world ... ( read original story ...)
Hong Kong finance elite’s gym of choice is said to seek sale
HONG KONG (Bloomberg) - Owners of Pure Group, the billionaire-backed gym chain catering to Hong Kong's financial elite, are seeking a sale that could value the company at as much as US$500 million (S$675 million), people with knowledge of the matter said. ( read original story ...)
CPA-McKinsey China Hospital Pharmaceuticals Report：An In-depth Perspective
The CPA-McKinsey report is published by a joint research team established ... About the author(s) Franck Le Deu is a Senior Partner in the Hong Kong Office, Gaobo Zhou is a Partner in the Hong Kong Office, Tina Hou is an Associate Partner in ... ( read original story ...)
Will Hong Kong spark a race to the bottom in IPO rules?
HONG KONG -- Jack Ma Yun dealt Hong Kong's stock exchange a blow that it still hasn't recovered from when he chose New York for Alibaba's initial public offering in 2014, giving the Big Apple bragging rights to hosting the largest-ever technology listing. ( read original story ...)
Jim Rogers funded new fintech bank ITF to set up headquarters in Hong Kong
ITF, a new fintech bank that veteran US investor Jim Rogers has invested in, will set up its headquarters in Hong Kong and aims to start operating next year, in a move that suggests the Hong Kong Monetary Authority’s efforts to promote technology ... ( read original story ...)
Hong Kong IPOs head for worst year since 2012 as mega deals slip
People walk outside the Hong Kong Stock Exchange building. Hong Kong’s market for initial public offerings is heading for its worst year since 2012 as a combined $20bn of mega deals are being pushed to next year. Hong Kong’s market for initial public ... ( read original story ...)
Will Hong Kong Spark A Race To The Bottom In IPO Rules? – Nikkei Asian Review
HONG KONG (Oct 18) -- Jack Ma Yun dealt Hong Kong's stock exchange a blow that it still hasn't recovered from when he chose New York for Alibaba's initial public offering in 2014, giving the Big Apple bragging rights to hosting the largest-ever technology ... ( read original story ...)