“Now I hope Alibaba can come back to list in Hong Kong,” Lam said. She said the stock exchange had decided to start allowing the dual-class share system in midyear, and described allowing the system as a form of economic innovation. I have never been ... ( read original story ...)
Most Asia stocks start week on a high, Hong Kong up for tenth day
Most Asian markets rose on Monday following yet more records on Wall Street, with Hong Kong chalking up its tenth day of gains. Traders in New York pushed all three main indexes ever higher on Friday, unperturbed by a well-below-forecast jobs reading. ( read original story ...)
Startup Societies UN’s Newest Scheme For Re-Engineering Society’s Future
and their sprawling suburbs and farms are a problem in the transition to startup societies.” SSF proposes the use of CO2-binding concrete, artificial photosynthesis, and vertical integration such as the laudable architectural high rises in Hong Kong ... ( read original story ...)
Hong Kong IPO ‘over 1,500 times oversubscribed’ in retail frenzy
HONG KONG • Investors are still flocking to initial public offerings ... It completed its order-taking yesterday and will start trading on Jan 15. Yixin Group, an online car-loan provider backed by Tencent, has been trading below its IPO price since ... ( read original story ...)
Advice from government bodies to Hong Kong’s universities could amount to meddling, lawmaker says
Any direct advice given by local or mainland government bodies to Hong Kong’s universities could amount to meddling with their institutional autonomy and academic affairs, a legislator has warned. The concerns were raised by education sector lawmaker Ip ... ( read original story ...)
HONG KONG PRESS: News Headlines On Tuesday, January 9
HONG KONG (Jan 09) -- Heres a roundup of local news: *Goldman, Citi Are in the Lead for Top Roles in Aramco IPO Saudi Arabian Oil Co. is set to appoint banks including Goldman Sachs Group Inc. and Citigroup Inc. to help manage its initial public offering ... ( read original story ...)
Alibaba founder says to consider Hong Kong listing: SCMP
HONG KONG (Reuters) - Alibaba Group Holding Ltd will consider a listing in Hong Kong, the South China Morning Post reported the company’s founder Jack Ma as saying - remarks which follow the city’s decision to allow dual class share listings. ( read original story ...)
Former Hong Kong home secretary Patrick Ho pleads not guilty in US court to offering US$2.9m in bribes to African presidents and ministers
Former Hong Kong home affairs secretary Patrick Ho Chi-ping has pleaded not guilty to corruption charges brought by a US federal court after he was accused of offering bribes worth a total of US$2.9 million to prominent African politicians. Ho was indicted ... ( read original story ...)
Bank staff enjoys 100pc mortgage
A staff of a local bank reportedly took out a 100 percent mortgage loan to purchase last month a flat at One Kai Tak for HK$11.16 million.The unit at the "Hong Kong property for Hong Kong people" development was constructed by China Overseas Land and ... ( read original story ...)
Timing needed before relaxing mortgage curbs
He said the government is waiting for the right timing to relax the mortgage curbs but it remains prudent. People with inadequate financial ability will be worst affected if Hong Kong's property market experiences price corrections, he added. The ratio of ... ( read original story ...)
Hong Kong home prices reach double 1997 level and stocks rally
HONG KONG — Here’s a scary statistic ... remarks made on Monday to legislators by Financial Secretary Paul Chan, who noted the ratio of mortgage payments to median household income hit 68% in the third quarter, compared with a 45% average between ... ( read original story ...)
Residential mortgage survey results for November 2017
The following is issued on behalf of the Hong Kong Monetary Authority: The Hong Kong Monetary Authority announced the results of the residential mortgage survey for November 2017 today (December 29). The number of mortgage applications in November ... ( read original story ...)
In mortgage fraud frenzy, China’s banks face a hidden danger
Mortgage fraud need not be as elaborate as the deal between Zhu and Lei. Simple bribery can also be effective. A Hong Kong property investor surnamed Fu, who declined to give his full name because he was admitting criminal behavior, told Reuters that ... ( read original story ...)
Hong Kong businessman pleads not guilty in bribery case
Prosecutors say the 68-year-old former Hong Kong government official and another businessman arranged bribes to the president of Chad and the Ugandan foreign minister to secure business advantages for a Chinese energy conglomerate. Ho once was Hong Kong ... ( read original story ...)