Hong Kong’s biggest initial public offering in nearly two years drew a lukewarm response from global investors, casting some doubt on the prospects for other major coming listings. China Tower Corp. p... ( read original story ...)
China Tower raises $6.9 billion in world’s largest IPO in two years: sources
HONG KONG (Reuters/IFR) - China Tower Corp Ltd (0788.HK) has raised $6.9 billion after pricing its initial public offering (IPO) at the bottom of an indicative range, four people close to the deal sai... ( read original story ...)
Commentary: Once the Pearl of the Orient, Hong Kong poised to regain its shine
The pace of innovation in Hong Kong’s banking sector has ramped up and the wider adoption of FinTech may help the Pearl of the Orient shine brightly once again, says one observer. Bubbles are seen in ... ( read original story ...)
Hong Kong: HANG SENG INDEX (.HSI) stocks close 0.52 pct lower
Hong Kong stocks opened lower on Tuesday, following a negative lead from Wall Street as US tech equities tumbled and amid trepidation ahead of key central bank meetings this week. In early trading, th... ( read original story ...)
Hong Kong heatwave set to roll on although ‘start of autumn’ nears – at least in ancient China’s solar terms
The “start of autumn” is almost upon us but that does not mean Hong Kong’s sweltering heat is about to ease too much, weather forecasters say. Maximum temperatures will hit the 33 degrees Celsius mark ... ( read original story ...)
As Hong Kong’s freedoms fade, expect ‘business as usual’ from Britain’s new envoy Jeremy Hunt
Mr Hunt went to China and little has changed. When it came to Hong Kong, the new Foreign Secretary claimed to have had ‘extensive’ and ‘frank’ discussions about the implementation of One Country Two S... ( read original story ...)
Hang Seng Bank : Launches WeChat Official Account with Notification Service for SME and Commercial Customers
Hang Seng Bank will roll out ... to receive mobile reminders from the Bank without relying on SMS, which should prove particularly useful for customers whose business frequently takes them outside Hon... ( read original story ...)
Residential Mortgage Survey Results for June 2018
The following is issued on behalf of the Hong Kong Monetary Authority: The Hong Kong Monetary Authority (HKMA) announced the results of the residential mortgage survey for June 2018. The number of mor... ( read original story ...)
Hong Kong fintech fundraising slows down to a trickle as China steals the show in the first half
“The fall was due to many Hong Kong start-ups having already raised funds last year,” said Joseph Tong Tang, chairman of Morton Securities, who also invests in fintech start-ups, adding that the lull ... ( read original story ...)
China’s Sinochem Energy files for $2 billion Hong Kong listing
HONG KONG (Reuters) - Sinochem Energy, a unit of China’s state-owned Sinochem Group, has filed for a Hong Kong initial public offering (IPO) of about $2 billion, as the group seeks to raise capital am... ( read original story ...)
Hong Kong: HANG SENG INDEX (.HSI) caution ahead of the policy statement of Bank of Japan’s two-day meeting due on Tuesday
Hong Kong share market were lower on Monday, 30 July 2018, following Wall Street’s downbeat finish last week and on caution ahead of the policy statement of Bank of Japan’s two-day meeting due on Tues... ( read original story ...)
Hong Kong home prices start to lose steam as price growth slows for second straight month in June
The prices of lived-in homes in Hong Kong gained for a 27th straight month in June, but the rate of increase slowed down for a second straight month. An index of secondary-market home prices rose 6.3 ... ( read original story ...)
Hong Kong home prices hit another record, but could face headwinds
A 650-square-foot flat on Hong Kong Island would cost nearly HK$11.5 million ($1.47 million), according to calculations using June data from property agency Midland Realty. But after a 27-month-long r... ( read original story ...)
Macau casino heiress pays HK$900 million for Peak mansion in Asia’s second-costliest property
She ranks as the second richest woman in Hong Kong, trailing Kingston Financial Group’s Pollyanna Chu Yuet Wah, with a net worth of US$12 billion, according to Forbes. Ho been managing director of Shu... ( read original story ...)