b. the legislative process to allow foreign investment funds to re-domicile to Hong Kong as an OFC is underway; c. an OFC may be distributed in the Greater Bay Area via the Wealth Management Connect; ... ( read original story ...)
‘Financial freedom’ costs US$4 million in Hong Kong, second only to London, data from property portal Juwai shows
The ability to retire comfortably and maintain an enviable lifestyle requires US$4.57 million in London and US$3.5 million in Shanghai, with Hong Kong in between, according to data compiled by ... ( read original story ...)
Why Hong Kong property market continues to entice investors despite yield compression
Investors have continued to pour money into Hong Kong’s real estate market even though the potential rental yield is lower than in other regional markets. Buyers have accepted yield compression by ... ( read original story ...)
A Week In Hong Kong On A $225,600 Joint Income
Welcome to Money Diaries where we are tackling the ever-present taboo that is money. We’re asking real people how they spend their hard-earned money during a seven-day period — and we’re tracking ... ( read original story ...)
Hong Kong Customs Impounds 300 Crypto Mining GPUs from Smugglers
An intelligence-led anti-smuggling operation by the Hong Kong customs last Friday, April 2, has led to the interception of illegal crypto miners. The officials seized [...] ... ( read original story ...)
Record-setting $49 billion Asia IPO boom likely to taper off, shows data
Chinese fintech company Bairong Inc., which raised $507 million, delivered the worst debut in three years among $500-million-plus Hong Kong IPOs when it fell 16% on Wednesday. U.S.-listed Chinese ... ( read original story ...)
JD.com To Carve-Out Its Logistics Business Via IPO
The Company has submitted a spin-off proposal to the Hong Kong Stock Exchange under PN15, and the Hong Kong Stock Exchange has confi rmed that the Company may proceed with the Proposed Spin-off. ( read original story ...)
A Week In Hong Kong On A $225,600 Joint Salary
Welcome to Money Diaries where we are tackling the ever-present taboo that is money. We’re asking real people how they spend their hard-earned money during a seven-day period — and we’re tracking ... ( read original story ...)
Speed Bumps May Be In The Mix For SPACs, Traditional IPOs
In one example, Chinese FinTech Linklogis, with backing from eCommerce giant Tencent, said that it will seek to raise the equivalent of about $1 billion, through a traditional IPO listing in Hong Kong ... ( read original story ...)
Dog shelter close to financial collapse, leaving fate of 130 animals unknown as pandemic continues to take its toll
A Hong Kong dog shelter is close to financial collapse as the coronavirus pandemic continues to take its toll. The Sai Kung Stray Friends Foundation (SKSFF), in Tai Lam Wu village in Hong Kong’s ... ( read original story ...)
MPs call for insurers Legal & General and Aviva to cut ties with HSBC over its Hong Kong stance
HSBC has been criticised for freezing assets of pro-democracy activists in Hong Kong under order of local police. (Getty Images) A group of British parliamentarians have called for major British ... ( read original story ...)
Hong Kong-owned Birmingham City sell St Andrews, fans want answers
Fans of Hong Kong-owned English Championship side Birmingham City are looking for answers concerning their decision to sell the club’s St Andrews stadium to a third party. Last week Blues owners ... ( read original story ...)
Former Hong Kong Monetary Authority chief says ‘tiny changes’ in Biden-era report reason for hope, sees no threat of local dollar losing peg to US currency
A former chief of Hong Kong's de facto central bank has noted an improvement in the United States' attitude towards Hong Kong under the new Biden administration and expressed confidence the country ... ( read original story ...)
Hong Kong man slashes wife to death, injures sons and kills himself
Police were called to the Whampoa Garden flat at 8.39am by the man’s younger son; he and his brother both sustained multiple injuries but survivedThe suspect, who also killed the family dog, was ... ( read original story ...)