Beijing’s top official in charge of Hong Kong affairs has issued the most detailed assessment to date of President Xi Jinping’s policy direction for the city, reassuring Hongkongers their autonomy will be preserved but reminding them of the central ... ( read original story ...)
Friend says Hong Kong bookseller Gui freed, now with family
Mainland Chinese authorities have released a detained Hong Kong bookseller and he has been reunited with his relatives, one of his friends said Friday. Chinese dissident poet Bei Ling said family members confirmed to him that Gui Minhai has been released ... ( read original story ...)
Regulator’s U-turn paves way for dual-class companies to raise funds in Hong Kong in pilot plan
This came after the SFC in 2014 opposed exemption for Alibaba Group, which has a dual-class structure, to list in Hong Kong. Alibaba, which owns the South China Morning Post, opted to list in New York in what became the largest IPO in history. Another ... ( read original story ...)
Hong Kong stocks end higher on strong company quarterly earnings
Hong Kong stocks rose on Friday, paring losses for the week, as financial companies climbed thanks to strong quarterly earnings and solid economic data from China. The Hang Seng Index gained 0.8 per cent, or 236.47 points, to 28,438.85, trimming its loss ... ( read original story ...)
Hong Kong’s Sky-High Property Prices Make City Too Risky for Savills IM
Hong Kong’s sky-high prices and low affordability rank it as one of the riskiest property markets for Savills Investment Management, which is avoiding the city in favor of Japan and Australia. “Hong Kong is highly, highly expensive,” Kiran Patel, who ... ( read original story ...)
A Classy Compromise for Hong Kong
The biggest kick in the teeth was the loss of Alibaba Group Holding Ltd., which chose to list in New York after Hong Kong refused to yield on one-share-one-vote, raising $25 billion in the world's biggest-ever IPO in 2014. The company had sought ... ( read original story ...)
Hong Kong could launch pilot for different share classes in 2018: SCMP
to take its record $25 billion IPO to New York in 2014. Alibaba’s decision was widely regarded as a significant loss for Hong Kong Exchanges and Clearing Ltd (HKEX) (0388.HK), which operates the bourse, and raised concerns the city could lose its appeal ... ( read original story ...)
Virtual Reality, Drones, and Startups Among Highlights at HKTDC Hong Kong Electronics Fair
Hong Kong is at the epicentre of the global electronics industry for the HKTDC Hong Kong Electronics Fair (Autumn Edition) at the Hong Kong Convention & Exhibition Centre from October 13-16, 2017. The Autumn Electronics Fair and the concurrent ... ( read original story ...)
GuestReady Raises $3 Million for Airbnb Rental Management: Travel Startup Funding This Week
Each week we round up travel startups that have recently received or announced funding. The total raised this week was more than $67 million. >>Klook, a Hong Kong-based travel activities marketplace, has completed a nearly $60 million Series C funding ... ( read original story ...)
End of an era for Hong Kong trading floor
It's a bittersweet day at the Hong Kong stock exchange. Trading at the physical trading floor will close, after 31 years. In its heyday, during the 1980s and 1990s, the floor was home to more than a thousand traders. But the rise of electronic and internet ... ( read original story ...)
Greater Bay needs regulatory ‘sandbox’ for fintechs, urges China’s former top banking regulator
Liu Mingkang, a former chairman of China’s banking regulator, is urging the setting up of ... Delta region linking 11 cities in southern Guangdong province, including Hong Kong and Macau. Regulatory sandboxes are effectively “safe, supervised spaces ... ( read original story ...)
Detained Hong Kong bookseller Gui Minhai reunited with family, friend says
Hong Kong-based bookseller Gui Minhai has been reunited with his family in the Chinese city of Ningbo following his release from custody on the mainland last week, his long-time friend said on Friday. Dissident poet Bei Ling, co-founder of the Independent ... ( read original story ...)
Hong Kong’s Sky-High Property Prices Make City Too Risky for Savills
Hong Kong’s sky-high prices and low affordability rank it as one of the riskiest property markets for Savills Investment Management, which is avoiding the city in favor of Japan and Australia. “Hong Kong is highly, highly expensive,” Kiran Patel, who ... ( read original story ...)
Hong Kong superstar Rex Tso out of action for six months as he recovers from left eye injury
Hong Kong superstar Rex Tso Sing-yu’s bid for a world title shot ... The fight was stopped at the start of the seventh round after a ringside doctor examined Tso’s almost completely shut eye and declared the fight over. Tso won the fight on a technical ... ( read original story ...)