HONG KONG (BLOOMBERG) - Hong Kong demand for new share sales has hit fever pitch, with 417,000 people applying for lots in Tencent Holdings' online bookstore unit - over one-in-20 or more than 5 per cent of the city's population. China Literature Ltd's ... ( read original story ...)
Tencent unit China Literature skyrockets 90% in Hong Kong IPO
The global frenzy for technology stocks sent shares of China Literature Ltd. surging on their first day of trading in Hong Kong. China Literature’s 0772, +0.00% shares started trading above 90 Hong Kong dollars (US$11.53), compared with the offer ... ( read original story ...)
China Literature shares soar 82% in Hong Kong after IPO
Shares in Tencent’s e-book subsidiary China Literature rocketed 81.8 per cent after trading in Hong Kong opened on Wednesday in the biggest tech IPO in the market in ten years. China Literature raised HK$8.3bn ($1.1bn) in a heavily oversubscribed IPO ... ( read original story ...)
Shares in Tencent’s China Literature leap 86% in Hong Kong debut
Shares in Tencent’s ebook subsidiary China Literature rose as much as 100 per cent on their trading debut in Hong Kong on Wednesday, in the city’s biggest technology initial public offering in 10 years. China Literature raised HK$8.3bn ($1.1bn ... ( read original story ...)
Enough debate: Hong Kong must be part of Greater Bay’s explosive growth or risk being left behind
Forgive my little bemusement over all the recent fuss in Hong Kong about building our links into the Greater Bay Area. Don’t get me wrong: I think it is a great idea. But I need to ask a simple question: what do people think we in Hong Kong have been ... ( read original story ...
Sky Post’s Banking & Finance awards 2017 revealed industry excellence
Senior representatives from winning banks, financial institutions, as well as banking and finance associations, and professionals from the industry joined the award ceremony on 6 November 2017 at JW Marriott Hotel Hong Kong. The award recognises excellence ... ( read original story ...)
Hong Kong stocks flat as car makers gain, financials slide
Hong Kong stocks swung between gains and losses on Wednesday as increases in automobiles and technology shares were offset by declines in financials and the property sector. The Hang Seng Index had eased 0.08 per cent by mid-morning to 28,971.70, as shares ... ( read original story ...)
Hong Kong lawmaker to file complaint over CY Leung’s past HK$50 million business dealings with British anti-graft agency
A Hong Kong lawmaker revealed a plan to report HK$50 million in past business dealings involving the city’s former leader to Britain’s corruption-fighting agency this week. Democratic Party lawmaker Lam Cheuk-ting said he hoped to raise the matter ... ( read original story ...)
Grads who could “build a start-up in their bedroom” wanted at BNP Paribas Hong Kong
BNP Paribas is hiring in one of the hottest job functions in Hong Kong banking. https://news.efinancialcareers.com/hk-en/296427/ocbc-digital-banking-hiring/ Banks in Hong Kong and Singapore are ramping up their hiring of technologists with artificial ... ( read original story ...)
China’s new non-party liaison chief aims to boost support from Hong Kong business groups
The Chinese Communist Party has appointed the former party chief of the coastal province of Fujian to take charge of its relations with non-party groups at home and abroad, including Hong Kong and Taiwan. State media reported on Tuesday that You Quan had ... ( read original story ...)
Starting young in business: pupils, 14, pay HK$20,800 for stall at Hong Kong’s Lunar New Year fair
A group of 14 year olds on Tuesday showed how youth can trump experience by securing one of the coveted market stalls at Hong Kong’s Lunar New Year fair next year. The three pupils from Po Leung Kuk Tong Nai Kan Junior Secondary College in Sham Shui Po ... ( read original story ...)
MetLife Hong Kong Launches the Third Family Health Day
Both MetLife Limited and Metropolitan Life Insurance Company of Hong Kong Limited are authorized insurers carrying long term business in Hong Kong. ( read original story ...)
$5bn Li Ka-shing deal shows mainland appetite for Hong Kong offices
"We expect the vacancy rate in Hong Kong's Central business district to remain the lowest among all at around 2%," Lau wrote in a report published on Monday. The overall vacancy rate for the city's grade-A offices is about 5%. Cathie Chung, national ... ( read original story ...)
Hong Kong’s hottest IPO in 10 years just turned supernova
China Literature, the country’s largest online publishing and e-book website, has priced its initial public offering at the top end of a price range, as investors overbought its shares by more than 600 times in the hope of getting in early on what could ... ( read original story ...)