HONG KONG China has made it mandatory for mainland cornerstone investors in Hong Kong IPOs to repatriate funds when they sell their shares, a rule likely to hit smaller, cornerstone-reliant listings, four people with knowledge of the matter told Reuters. ( read original story ...)
Hong Kong property firms remain upbeat on market outlook
Hong Kong’s housing market will remain buoyant despite the sky-high prices and continue to attract capital inflow and enjoy strong local demand, say two of the city’s top property developers, after reporting better earnings on Tuesday. The city’s ... ( read original story ...)
Hong Kong Stock Exchange Revises Its Policy On Pre-IPO Investments.
On 10 March 2017, The Stock Exchange of Hong Kong Limited (the “Stock Exchange”) published revised versions of its three sets of guidance letters on pre-IPO investments, namely, GL29-12 (Interim Guidance on Pre-IPO Investments), GL43-12 (Guidance on ... ( read original story ...)
4 new ways Hong Kong is becoming more startup-friendly in 2017
Disclosure: The author of this post is not affiliated to any of the organizations mentioned in the article below. As Hong Kong continues to defend its status as one of the world’s premier locations for business in Asia, its government is pushing forward ... ( read original story ...)
Hong Kong tycoon chokes up as he reflects on economy
Hong Kong billionaire Li Ka-shing had an emotional moment Wednesday as he reflected on the weak state of the financial hub's economy. The 88-year-old tycoon appeared to get choked up as he spoke at a news conference following the release of his company's ... ( read original story ...)
Hong Kong elects a new chief executive: what you need to know
On March 26, Hong Kong will elect its next leader, known as the chief executive, for the first time since widespread protests over democratisation A view of Hong Kong skyline. On March 26, Hong Kong will elect its next leader, known as the chief executive. ( read original story ...)
Hong Kong pull out of Davis Cup tie in Pakistan over security fears
REUTERS: Hong Kong have withdrawn from their Davis Cup tie against Pakistan in Islamabad citing security concerns, the International Tennis Federation (ITF) said in a statement on Tuesday. Pakistan have been forced to play home Davis Cup ties in the Asia ... ( read original story ...)
Brazil meat scandal: Hong Kong joins import ban
Hong Kong has joined China is suspending meat imports from Brazil. They are the top two consumers of Brazilian meat and have suspended imports over allegations that companies have been selling unsafe produce for years. The European Union has also said it ... ( read original story ...)
Hong Kong’s famous Peak Tram to shorten its journey by 70 metres following renovation
“We’re going to move all the people who currently queue on the road ... [and] move them in to air-conditioned comfort,” Martyn Sawyer, properties director of The Hongkong and Shanghai Hotels Limited, told the Post. “People will be undercover in ... ( read original story ...)
Hong Kong forfeits Davis Cup at Pakistan, citing security
LONDON - Citing security concerns, Hong Kong is forfeiting its Davis Cup matches against Pakistan, scheduled for next month in Islamabad. The International Tennis Federation said Tuesday that it "regrets and respectfully disagrees" with Hong Kong's ... ( read original story ...)
Hong Kong bans imports of Brazilian meat after food safety scandal
Hong Kong is the biggest market for Brazilian beef, importing US$718 million worth in 2016, according to Brazilian government figures. China is Brazil’s biggest market for beef and poultry overall. BRF, one of Brazil’s largest meatpackers said to be ... ( read original story ...)
Hong Kong tycoon Li chokes up as he reflects on economy
HONG KONG (AP) — Hong Kong billionaire Li Ka-shing has had an emotional moment as he reflected on the weak state of the financial hub's economy. The 88-year-old tycoon appeared to get choked up as he spoke Wednesday at a news conference following the ... ( read original story ...)
Big brokerage IPO requires faith in Chinese reform
HONG KONG (Reuters Breakingviews ... Shares in recently listed peers Orient and Everbright, for example, trade below their IPO price and underperform the benchmark Hang Seng Index. On the other hand, heavyweights like Haitong Securities, which listed ... ( read original story ...)
Hong Kong bans Brazil meat amid rotten meat scam
BRASÍLIA, Brazil — Brazil’s giant meat industry suffered a heavy blow Tuesday, when Hong Kong became the latest to ban imports in response to allegations of rotten meat being sold with falsified certificates. Hong Kong is the biggest market for ... ( read original story ...)