But, the problem in Hong Kong’s funding channel is that many start-ups are looking for less than a million US dollars, more like US$500,000 to roll out their product after a few years of development, or angel money of US$100,000 to begin a business. ( read original story ...)
S&P strips Hong Kong of AAA rating after China downgrade
HONG KONG: S&P Global Ratings cut Hong Kong’s credit rating a day after it downgraded China for the first time since 1999, a move that reflects the “strong institutional and political linkages” between the special administrative region and the ... ( read original story ...)
S&P’s Hong Kong credit downgrade to raise financing costs, say analysts
But Geicke said he was “totally surprised” that Hong Kong was downgraded as the city is sitting on a huge financial reserve. The Chinese Ministry of Finance said in a statement posted on its website Friday that S&P’s downgrade on China was a “wrong ... ( read original story ...)
China online insurer ZhongAn prices Hong Kong IPO at top end, raises $1.5 billion – IFR
ZhongAn Online Property & Casualty Insurance Co 6060.HK> priced its IPO at the top of an indicated range, raising $1.5 billion(1.10 billion pounds) in Hong Kong's biggest ever financial technology stock offering, IFR reported on Friday. China's first ... ( read original story ...)
S&P cuts Hong Kong’s credit rating because of China’s soaring debt
The financial hub’s long-term issuer credit rating was lowered to AA+ from AAA, S&P said Anthony Wallace/AFP S&P Global Ratings cut Hong Kong’s credit rating a day after it downgraded China for the first time since 1999, a move that reflects the ... ( read original story ...)
The Latest: S&P cuts Hong Kong rating after cutting China’s
S&P said Friday that it was reducing its long-term rating on Hong Kong by one notch, to AA+ from AAA, reflecting potential spillover risks to the Asian financial center. It said Hong Kong has a good economic outlook, sizable fiscal reserves and credible ... ( read original story ...)
S&P downgrades China, says rising debt is stoking economic, financial risks
Its impact on financial markets would very limited," said Ken Cheung, senior Asian FX strategist at Mizuho Bank in Hong Kong. "For those invested in yuan-denominated bonds, they care more about yuan expectations. The downgrade decision is likely to have ... ( read original story ...)
S&P lowers Hong Kong credit rating following China cut
Standard & Poor's on Friday slashed Hong Kong's top-notch credit rating ... said a "prolonged period of strong credit growth has increased China's economic financial risks", and downgraded the world's number-two economy from AA-minus to A-plus -- its ... ( read original story ...)
Hong Kong’s Stock Rally Killer Is Back
Of the 18 traded in Hong Kong, six have already come to market, raising a combined $1.3 billion. Logan Property Holdings Co. is seeking as much as $252 million in a top-up placement, according to terms cited by Bloomberg News on Thursday. Logan hasn't ... ( read original story ...)
Non-bank mortgage loans a time bomb in the making
Recent market studies have shown a rapid increase in non-bank mortgage lending as home prices continued to surge. The Hong Kong Monetary Authority, the city's de facto central bank, has issued some warnings about the high cost of non-bank loans but has yet ... ( read original story ...)
Using HSBC HK overseas
All set with your Hong Kong company and HSBC bank account? Congratulations! It can be quite a feat, especially in today’s rather strict KYC – “Know your Customer” world. So, after you have the bank account, you may want to make some changes. ( read original story ...)
Hong Kong stocks drop after S&P cuts China, Hong Kong’s credit ratings
HSBC dragged the most on the Hang Seng Index, down 0.7 per cent to HK$76.15. Chinese financial shares staged a broad retreat. China Construction Bank lost 0.6 per cent to HK$6.63, Ping An Insurance dropped 0.8 per cent to HK$62.1 and China Life Insurance ... ( read original story ...)
Hong Kong woman sues ex over property put in his name to avoid foreign buyers’ tax
A Hong Kong businesswoman is suing her ex-boyfriend over ownership of a property in Richmond, B.C., which she purchased but claims was put in his name in an apparent move to avoid paying the 15 per cent foreign buyers' tax. In a notice of civil claim filed ... ( read original story ...)
How the Hong Kong IPO market is performing in 2017
Hong Kong is expected to complete new listings for 106 companies raising about HK$85 billion (US$10.90 billion) by September 30 2017, compared with 71 initial public offerings (IPOs) raising HK$134.3 billion in the same period last year, according to the ... ( read original story ...)