Hong Kong-based legaltech startup Dragon Law today announced that it has rebranded into ZEGAL. The announcement was made following the launch of its services in the UK, marking the startup’s first entry to the European market. ZEGAL has opened an office ... ( read original story ...)
Tencent-backed online doctor start-up seeks Hong Kong IPO
WeDoctor Group, the Chinese online health care services firm backed by Tencent Holdings, plans to seek a listing on the Hong Kong stock exchange next year as investors bid up technology stocks. The Hangzhou-based company is currently raising US$500 million ... ( read original story ...)
Two Hong Kong startups win top fintech awards
SenseTime, a Hong Kong-based startup, aims to apply its facial and image recognition technology across different sectors such as personal finance and surveillance. 'Our technology can ensure that fintech is safe and comfortable for users and businesses to ... ( read original story ...)
RICS Business Valuation Conference examines shifting landscape of business valuation and corporate regulations in Hong Kong
HONG KONG, CHINA–(Marketwired – Dec 1, 2017) – RICS (Royal Institution of Chartered Surveyors) hosted more than 200 institutional investors, corporate executives and business valuers to examine the challenges and opportunities around business ... ( read original story ...)
Hong Kong, China regulators agree on plans to introduce investor identification scheme by late 2018
Hong Kong will start sharing stock investor identities under the cross-border Stock Connect share trading schemes with mainland Chinese regulators by the third quarter of 2018, the Securities and Futures Commission (SFC) said on Thursday. The SFC has ... ( read original story ...)
Hong Kong market falls sharply as tech and insurance stocks plunge
Hong Kong stocks fell sharply on Thursday, dragged down by technology firms such as Tencent, and insurers. The Hang Seng Index dropped for a fourth day, closing down 1.51 per cent, or 446.48 points, to 29,177.35, and the Hang Seng China Enterprises Index ... ( read original story ...)
Hong Kong government should take two years before starting controversial national security legislation, says former minister
The former minister in charge of mainland affairs in Hong Kong has said the city’s government should kick start the process of national security legislation by July 2019, at the earliest. Raymond Tam Chi-yuen formally joined the race for one of 36 local ... ( read original story ...)
China’s Bank of Communications partners with Hong Kong fintech start-up to use AI in finance
Bocom International, the investment banking arm of the Bank of Communications, has tied up with Hong Kong fintech firm FDT-AI to better understand investors’ behaviour and capture market opportunities based on artificial intelligence technology and big ... ( read original story ...)
Hong Kong Jockey Club helped inspire this Tesla challenger’s Beijing showroom
Inspired by the members-only business model of the Hong Kong Jockey Club, Tencent-backed start-up NIO has just opened a 3,000 square metre “clubhouse” in an upmarket Beijing shopping district as part of a strategy to burnish its own brand and challenge ... ( read original story ...)
Teledyne e2v expands presence in Asia Pacific with new office in Hong Kong
“I'm proud that we are able to leverage Teledyne e2v's successful experience of doing business in Asia and taking this important step to ensure we provide end-to-end technical and operational support to our customers via our regional hub in Hong Kong.” ( read original story ...)
Hong Kong restaurant chains Tsui Wah and Fairwood post interim profit growth
Hong Kong restaurant operators Tsui Wah Holdings and Fairwood Holdings posted improved interim results for the six months ended September 30, citing lower costs and a better business environment as reasons for growth. Tsui Wah’s net profit rose to HK$48 ... ( read original story ...)
Hong Kong money market rate hits nine-year high, pushing up mortgage lending rates
Mortgage lending rates rose in Hong Kong on Tuesday, as the city’s main benchmark lending rate hit a nine-year high amid strong demand for Hong Kong dollars. One-month interbank rates in Hong Kong rose to 0.9611 per cent, up from roughly 0.367 per cent ... ( read original story ...)
Hong Kong has overtaken London as the world’s most expensive place to rent an office
London offices have been knocked off the top spot. Unsplash/Aron van de Pol Mainland Chinese companies have been occupying more prime real estate in Hong Kong’s Central business district, inclusive of Sheung Wan, Central and Admiralty. They have expanded ... ( read original story ...)
Chinese staff-less store startup eyes Hong Kong market
Hong Kong’s retail landscape will see some disruption in no time as BingoBox, China’s burgeoning staff-less convenience stores, plans to bring its self-service concept to Hong Kong next year, targeting quieter neighbourhoods and suburbs. BingoBox is a ... ( read original story ...)