Canaan and Ebang filed plans in May and June respectively for floats in Hong Kong, while Bitmain is expected to file its plans next month for an IPO in which it aims to raise at least $3 billion, sour... ( read original story ...)
Chinese bitcoin mining rig makers aim to raise billions in HK IPOs: sources
It is not just the price of bitcoin that is causing worries. People close to the IPOs said regulatory scrutiny and a patchy performance by Hong Kong offerings this year were additional concerns. Julia... ( read original story ...)
China’s Best-Performing Bank Stock May Have More Room to Rise
Postal Bank is China’s best-performing financial stock this year, and analysts surveyed by Bloomberg say its shares could rise an average 26 percent from the current HK$4.55. “The valuation of Postal ... ( read original story ...)
Startup wants to help travelers get online wherever they go
In 2012, Kwok dropped out of his studies in Chicago to pursue his idea for Handy in Hong Kong, his hometown. He founded a startup, Tink Labs, that year. Kwok secured initial funding for his cell-phone ... ( read original story ...)
Hong Kong’s ageing cardboard collectors face uncertain future
director of a local business association for the waste and recycling industry, says the China ban could not only wipe out work for collectors like Ms Au, but would be devastating for the cities' depot... ( read original story ...)
Hong Kong to host Asia’s largest consumer expo in October
As for the business community, the seven-day trade show which runs ... divided into two segments from 20-23 October and 27-29 October, 2018. The world-class Hong Kong Convention & Exhibition Centre wi... ( read original story ...)
Fast Asia Open: China industrial profits, Hong Kong trade data
Raphael Bostic, president of the Atlanta Fed, told the Financial Times that he believed the US was ... futures tip Sydney’s S&P/ASX 200 index and Tokyo’s Topix to open flat, while Hong Kong’s Hang Sen... ( read original story ...)
This startup wants to help travelers get online wherever they go
Kwok dropped out of his studies in Chicago to pursue his idea for Handy in Hong Kong, his hometown. He founded a startup, Tink Labs, that year. Kwok secured initial funding for his cell-phone idea fro... ( read original story ...)
Hong Kong: HANG SENG INDEX (.HSI) shares fell on Friday morning
Hong Kong shares fell on Friday morning as a broadly strong week drew to an end, with traders given a negative lead from Wall Street while US-China trade talks ended with no breakthrough. The Hang Sen... ( read original story ...)
Week In Review: 3 More China Biopharmas Planning Hong Kong IPOs
Mabpharm Limited, a Taizhou biotech, will IPO in Hong Kong, the eleventh pre-revenue China biopharma to be approved to list there. Mabpharm is developing a portfolio of nine biosimilars, which it hope... ( read original story ...)
Fraudsters used ‘thousands’ of Hong Kong bank accounts to launder HK$4 billion in one year
Thousands of Hong Kong bank accounts have been used to collect and launder about HK$4 billion (US$500 million) by local and international fraudsters in the past year, since the city’s anti-fraud squad ... ( read original story ...)
Cosmos Bank: Rs 13.5 cr transferred to Macau in malware attack, says probe
“There were two types of fraudulent transactions carried out: One where cloned debit cards were used to withdraw Rs 80.5 crore, and the other in which a SWIFT transfer of Rs 13.5 crore was made from t... ( read original story ...)
Big business in Hong Kong must not be allowed to profit at the expense of poor people’s health
I refer to the article on how prices of everyday necessities in Tin Shui Wai, one of Hong Kong’s poorest districts, were found to be 20 per cent higher than in downtown Wan Chai (“Hong Kong’s poor for... ( read original story ...)
Mega Expo ‘In Style, Hong Kong’ Underway in Ho Chi Minh City
The two-day Hong Kong Trade Development Council's event opens 20th September engaging Hong Kong and Vietnamese business leaders to spotlight Hong Kong's world-class professional services and branded p... ( read original story ...)