Hong Kong is one of the world’s premier financial hubs, but can it be a destination for tech startups? That was the question put to a panel of experts at the TechCrunch China event in Shenzhen today. The answer, largely, was yes but it may need a little ... ( read original story ...)
Hong Kong Wants to Win the Next Alibaba With Exchange Revamp
Plans also introduced for revamp of small-cap GEM venue Hong Kong Exchanges & Clearing Ltd. is sending a message to startup companies the world over: We want your business. The bourse operator on Friday proposed the creation of a new exchange that would ... ( read original story ...)
Hong Kong Wants to Win the Next Alibaba With Exchange Overhaul
Hong Kong Exchanges & Clearing Ltd. is sending a message to startup companies the world over: We want your business. The bourse operator on Friday proposed the creation of a new exchange that would allow firms to list before they’ve made a profit and ... ( read original story ...)
Think Toronto is bad? This $664,000 parking spot shows just how crazy Hong Kong’s property market has become
HONG KONG — In many places, US$664,000 can buy you a nice house. For that price in Hong Kong, you can buy a slab of concrete, roughly 17 feet long and 11 feet wide, to leave your luxury car. Hong Kong is now home to a very expensive parking spot ... ( read original story ...
From local metro network to global rail giant: Hong Kong’s MTR sets its sights firmly overseas
MTR Corp, Hong Kong’s largest transportation stock, says international expansion and opportunities arising from China’s flagship regional infrastructure-building “Belt and Road Initiative” now form the core of its business plan. Over the past 20 ... ( read original story ...)
Hong Kong has work to do to maintain M&A momentum
Hong Kong has a lot of work to do if it wants to maintain its edge as a destination for mergers and acquisitions activity and stave off competition from Singapore, experts say. Since the 1997 handover from British to Chinese rule, the value of deals ... ( read original story ...)
Hongkong racers rev for Le Mans as Red Giant leads AMG celebrations and Lamborghini unveils stunning Huracán rear-wheel drive Spyder
Jota Sport has won class wins in both the Le Mans and Spa 24 Hours in two decades of endurance racing. Hong Kong-based WIN Motorsport wants to qualify for next year’s 24 Hours of Le Mans. Led by local racing driver and team owner William Lok, the team ... ( read original story ...)
Hong Kong M&A activity jumps fivefold in 20 years as Chinese firms use city to go global
Hong Kong is a popular destination for takeover and merger activity because locally listed firms like to acquire overseas companies to diversify their business, while many mainland firms use the city as a stepping stone to buy into overseas companies ... ( read original story ...)
Someone just paid over $600,000 for a parking spot in Hong Kong
In case you're keeping track, that's HK$5.18 million. Robb Report If you think millennials have it tough in the US, they really have it hard in Hong Kong. In the latest installment of jaw-dropping Hong Kong property prices, a parking spot in the Upton ... ( read original story ...)
Hong Kong stocks open lower after HKMA raises interest rate
Hong Kong stocks opened lower on Thursday after the city’s de facto central bank followed a US decision and lifted the base interest rate. Hong Kong’s benchmark Hang Seng Index dropped 0.4 per cent, or 103.6 points, to open at 25,772.3, while the Hang ... ( read original story ...)
A $664,000 Parking Spot Symbolizes Hong Kong’s Property Frenzy
HONG KONG — In many places, $664,000 can buy you a nice house. For that price in Hong Kong, you can buy a slab of concrete, roughly 17 feet long and 11 feet wide, to leave your luxury car. Hong Kong is now home to a very expensive parking spot ... ( read original story ...
How To Find a Quality Internship in Hong Kong? (A Global Business Boost)
Want to take your experience from paper and dorm rooms to real world experience? An experience is a great way to do that – and especially in a global city in Hong Kong. For me, internships during my time in college helped me define what it was I liked ... ( read original story ...)
HKMA raises rates after US Fed move, reiterates warning to home buyers
The Hong Kong Monetary Authority raised its base rate by 0.25 percentage points on Thursday morning, following the US Federal Reserve’s overnight move. In announcing the decision, HKMA chief executive Norman Chan Tak-lam reiterated his warning to Hong ... ( read original story ...)
Hong Kong stocks set to open lower after interest rate rise
Hong Kong stocks look set to open lower on Thursday after the city’s de facto central bank followed a US decision and lifted the base interest rate. The Hang Seng Index futures spot June contract lost 0.2 per cent, or 42 points, to 25,700 in the pre ... ( read original story ...)