Tag: finance

gross domestic product (GDP) growth forecast for 2018 to 3.7%, up from its previous estimate of 3.3%. HSB noted Hong Kong's economy grew at the fastest pace since 2011 in the first quarter of this year, with GDP rising by 4.7% year-on-year after increasing ... ( read original story ...)

Hong Kong’s financial chief Paul Chan Mo-po on Thursday made a strong case for the government’s plan to tax property owners hoarding vacant flats, saying it was not to enrich its coffers but to ensure sufficient housing, as more than 28,000 new homes ... ( read original story ...)

The Hong Kong Stock Exchange has become a hot spot for attracting the initial public offerings of some of the largest companies in the world. While U.S. markets await the IPOs of Uber and Airbnb, three Chinese companies that rank among the world's 20 ... ( read original story ...)

Hong Kong businesses are slow to adopt company wide digitisation despite a growing demand and enthusiasm for digital technologies, especially mobile banking, according to a new study by HSBC. About three quarters of the local companies surveyed recognised ... ( read original story ...)

Hong Kong ... China's central bank urged investors to remain calm and rational, saying the economy is in good shape to deal with trade friction. Thirty nine stocks among the 50 blue chips rose, and ten fell, with one stock remaining steady. The Hang ... ( read original story ...)

HONG KONG (Reuters/IFR) - Chinese smartphone maker Xiaomi is planning to raise up to $6.1 billion from a Hong Kong initial public offering, sources with knowledge of the matter said. Xiaomi plans to sell about 2.18 billion shares at a price range of HK$17 ... ( read original story ...)

Emerging markets are in far greater danger of a financial crisis than their developed peers, and Hong Kong has the most to fear, according to an update of Nomura Singapore Limited’s collection of early-warning indicators. Hong Kong and China are the only ... ( read original story ...)

The Hong Kong Hang Seng Index HSI, -2.78% closed down 2.8%, led by a 5.7% drop for Hong Kong-listed Chinese pork producer WH Group 0288, -5.68% , which owns U.S.’s Smithfield Foods and is vulnerable to potential pork and soybean tariffs. Taiwan’s TAIEX ... ( read original story ...)

Hongkong and Shanghai Banking Corporation announced that users of the e-payment app, PayMe, will be able to top up their e-wallets using their HSBC personal bank accounts starting later this week. The top-up limit will be HK$30,000 per month.PayMe users ... ( read original story ...)

Hong Kong has a high chance of reclaiming a spot in the top three global IPO league table in the second half of the year, with the total capital raised expected to reach as much as HK$140 billion (US$17.8 billion) from a flurry of new economy listings that ... ( read original story ...)

Xiaomi Corp. has decided on a Hong Kong initial public offering before listing in Shanghai, backtracking on a key portion of one of the year’s most anticipated stock market debuts. The smartphone maker aims to list in the former British colony before ... ( read original story ...)

... to between $55 billion and $70 billion following its decision to delay its mainland share offering until after its Hong Kong IPO, three sources with direct knowledge of the matter said. The delay was triggered by a dispute between the company and ... ( read original story ...)

Xiaomi Corp [IPO-XMGP.HK][XTC.UL], expected to raise around $10 billion in Hong Kong and mainland offerings, said it would apply to China’s securities regulator to postpone a review of its China depositary receipts (CDR) offering application. The maker ... ( read original story ...)

Shanghai/Hong Kong: Chinese smartphone marker Xiaomi will postpone its application for a mainland share offering until after it completes a separate listing in Hong Kong, the firm said on Tuesday, casting a pall on Beijing’s drive to lure tech giants ... ( read original story ...)