Hong Kong stocks swung between gains and losses on Wednesday as increases in automobiles and technology shares were offset by declines in financials and the property sector. The Hang Seng Index had eased 0.08 per cent by mid-morning to 28,971.70, as shares ... ( read original story ...)
Hong Kong lawmaker to file complaint over CY Leung’s past HK$50 million business dealings with British anti-graft agency
A Hong Kong lawmaker revealed a plan to report HK$50 million in past business dealings involving the city’s former leader to Britain’s corruption-fighting agency this week. Democratic Party lawmaker Lam Cheuk-ting said he hoped to raise the matter ... ( read original story ...)
Grads who could “build a start-up in their bedroom” wanted at BNP Paribas Hong Kong
BNP Paribas is hiring in one of the hottest job functions in Hong Kong banking. https://news.efinancialcareers.com/hk-en/296427/ocbc-digital-banking-hiring/ Banks in Hong Kong and Singapore are ramping up their hiring of technologists with artificial ... ( read original story ...)
China’s new non-party liaison chief aims to boost support from Hong Kong business groups
The Chinese Communist Party has appointed the former party chief of the coastal province of Fujian to take charge of its relations with non-party groups at home and abroad, including Hong Kong and Taiwan. State media reported on Tuesday that You Quan had ... ( read original story ...)
Starting young in business: pupils, 14, pay HK$20,800 for stall at Hong Kong’s Lunar New Year fair
A group of 14 year olds on Tuesday showed how youth can trump experience by securing one of the coveted market stalls at Hong Kong’s Lunar New Year fair next year. The three pupils from Po Leung Kuk Tong Nai Kan Junior Secondary College in Sham Shui Po ... ( read original story ...)
MetLife Hong Kong Launches the Third Family Health Day
Both MetLife Limited and Metropolitan Life Insurance Company of Hong Kong Limited are authorized insurers carrying long term business in Hong Kong. ( read original story ...)
$5bn Li Ka-shing deal shows mainland appetite for Hong Kong offices
"We expect the vacancy rate in Hong Kong's Central business district to remain the lowest among all at around 2%," Lau wrote in a report published on Monday. The overall vacancy rate for the city's grade-A offices is about 5%. Cathie Chung, national ... ( read original story ...)
Hong Kong’s hottest IPO in 10 years just turned supernova
China Literature, the country’s largest online publishing and e-book website, has priced its initial public offering at the top end of a price range, as investors overbought its shares by more than 600 times in the hope of getting in early on what could ... ( read original story ...)
Razer raises $528M in Hong Kong IPO
Razer has reportedly raised HK$4.12 billion (US$528.2 million) from its initial public offering (IPO) in Hong Kong, priced at HK$3.88 per share. The games hardware maker, which is based in Singapore and San Francisco, saw an oversubscription from Hong Kong ... ( read original story ...)
Breakingviews – Hong Kong tech fervour defies Western IPO wobbles
HONG KONG (Reuters Breakingviews) - Tech fervour is buoying Hong Kong’s new-issue market. Investors have snapped up shares in Razer, a maker of keyboards and mice for gamers, and China Literature, the electronic publishing arm of locally listed ... ( read original story ...)
China online car sales platform Yixin seeks up to US$870m in Hong Kong share offer
Yixin Group, China’s largest car retailing platform, opened its initial public share offering in Hong Kong on Monday, seeking to raise as much as HK$6.77 billion (US$870 million) in what could be the third-largest internet business IPO in the city this year. ( read original story ...)
Auto Financier Yixin Launches $900 Million IPO
Yixin Group Ltd., an online car financing company backed by three of China’s top internet companies, is hurtling ahead with a Hong Kong IPO to raise up to nearly $900 million, as enthusiasm on a new generation of financial technology (fintech ... ( read original story ...)
China Literature adds $1.1bn to Tencent’s IPO returns
The response eclipsed the $1.5 billion IPO in September of China's first and largest insurance technology company, ZhongAn Online P&C Insurance, in which Tencent also has a 10% stake. Funding commitments to China Literature totaled 520 billion Hong Kong ... ( read original story ...)
Tencent’s Online Book Unit Raises $1.07 Billion in Hong Kong Offering
from an initial public offering (IPO) in Hong Kong, after selling its shares at the top end of an indicative price range. China Literature Ltd., the largest online publisher and electronic book seller in China, is selling 151.37 million shares at HK$55 ... ( read original story ...)