Geely Automobile Holdings (0175), which has more than tripled this year, plunged 7.5 percent, while Hong Kong developers declined after three-month bank borrowing costs climbed the most this year. Telecoms equipment maker ZTE Corporation (0763) sank 11 ... ( read original story ...)
Fintech bank to domicile in SAR
Fintech bank ITF Corporation is to set up its headquarters in Hong Kong and expects to start operations next year. US veteran investor Jim Rogers is among the investors in the world's first Fintech bank. Rogers said at the launch event that he invested in ... ( read original story ...)
Hong Kong businesses and students struggling to access mainland market, poll finds
More than half of Hongkongers working in major mainland cities are frustrated with insufficient support from Hong Kong government offices stationed there, a cross-border survey has found. The report, claimed by pollsters to be the biggest of its kind ... ( read original story ...)
Hong Kong enforces new rules to better manage city’s funds, stockbrokers and financial firms
A new rule aimed at ensuring brokers, fund houses and financial advisers in Hong Kong are being run by qualified, experienced managers came into force on Tuesday. The “manager in charge” regulation requires such companies to hire staff approved and ... ( read original story ...)
Hong Kong stocks slide 2 per cent on 30th anniversary of Black Monday
Hong Kong stocks declined sharply on Thursday, with 47 of the 50 components falling in the benchmark Hang Seng Index. Mainland markets also fell. Analysts said investors’ anxiety on the 30th anniversary of Black Monday may have depressed the market, ... ( read original story ...)
Xi’s melding of Beijing’s authority and Hong Kong’s high degree of autonomy works well, top official says
President Xi Jinping’s vision for Hong Kong of a blending of the concepts of central authority and a high degree of autonomy should work well and does not need to lead to confrontation or tension, said a Beijing top official. Commenting on Xi’s ... ( read original story ...)
Hong Kong stock brokers’ plea to government: Cut stamp duty to boost turnover
Hong Kong Securities Association will continue to press the government to cut stamp duty in a bid to boost market turnover, according to the newly elected head of the association. Hong Kong stocks on Monday reached their highest level in nearly a decade ... ( read original story ...)
Hong Kong’s new Chinese opera centre will be run by an American, and local performers aren’t happy
Cantonese opera performers in Hong Kong said they were “extremely disappointed” after the job of running the city’s new showcase for the traditional art form went to an American. A stalwart of the local opera industry said Beijing-based consultant ... ( read original story ...)
Hong Kong’s Indian community celebrates annual Diwali festival with bright colours and lights
Homes, temples and businesses of Hong Kong’s Hindu, Sikh and Jain communities were draped in bright colours and lights on Thursday in celebration of Diwali, the festival of lights. Tens of thousands of Hong Kong’s Indian diaspora spent the day ... ( read original story ...)
Hong Kong Stocks Tumble Most This Year as Geely, Developers Sink
Hang Seng Index sinks as much as 2.2% in late trading Traders cite concerns from Hibor jump to Chinese deleveraging Hong Kong shares turned sharply lower in afternoon trading, led by some of the year’s best performers, as traders cited concerns ranging ... ( read original story ...)
Growth in Hong Kong home prices slows after ‘spicy’ market restrictions launched
Hong Kong property prices rose at a slower pace in July and August as government cooling measures launched a year ago showed signs of taking effect, according to the latest official data. But the runaway prices, which are among the highest in the world ... ( read original story ...)
Hong Kong finance elite’s gym of choice is said to seek sale
HONG KONG (Bloomberg) - Owners of Pure Group, the billionaire-backed gym chain catering to Hong Kong's financial elite, are seeking a sale that could value the company at as much as US$500 million (S$675 million), people with knowledge of the matter said. ( read original story ...)
CPA-McKinsey China Hospital Pharmaceuticals Report：An In-depth Perspective
The CPA-McKinsey report is published by a joint research team established ... About the author(s) Franck Le Deu is a Senior Partner in the Hong Kong Office, Gaobo Zhou is a Partner in the Hong Kong Office, Tina Hou is an Associate Partner in ... ( read original story ...)
Will Hong Kong spark a race to the bottom in IPO rules?
HONG KONG -- Jack Ma Yun dealt Hong Kong's stock exchange a blow that it still hasn't recovered from when he chose New York for Alibaba's initial public offering in 2014, giving the Big Apple bragging rights to hosting the largest-ever technology listing. ( read original story ...)