Cornerstone investors taking up huge chunks of Hong Kong IPOs have caused much controversy in recent years, but that looks set to change. China’s foreign exchange regulator has provided a new route for investing in the city’s listings, which is ... ( read original story ...)
Snap's US IPO offers lessons for HKEx
While Asia's equity capital markets start the year slowly, envious eyes are being cast across the globe, as New York prepares for a multibillion-dollar IPO from Snap. Based on its initial fundraising target of $3 billion, Snap promises to be the biggest US ... ( read original story ...)
Ashurst strengthens Greater China practice
PH specialises in Hong Kong listing work, including Hong Kong IPOs, secondary offerings and post-listing compliance, with a particular focus on Chinese state-owned enterprises. PH has over 20 years of experience, a market-leading reputation, and is ranked ... ( read original story ...)
I ‘failed’ in fintech, but now I’m working weekends to get back in
My first taste of Hong Kong fintech ended in failure and forced me back to a big bank. But now I’m spending all my spare time trying to return to fintech. http://news.efinancialcareers.com/hk-en/270238/tech-trends-asian-finance-2017/ Medhy Souidi had ... ( read original story ...)
Does Hong Kong Marathon’s surge in popularity since 1997 reflect city’s changing attitude to sport?
That was 1996 and to hear Hung recount the tale in the same office on the 32nd floor of the bank’s HQ in Central, sport was something of a mystery to the people of Hong Kong “with the exception of horse racing and mahjong”. A lot has changed since ... ( read original story ...)
Businessmen jumpy after Chinese tycoon's disappearance from HK
A report on China's private wealth market, conducted jointly by China Merchants Bank and Bain & Company in mid 2015, found 71 percent of about 2,800 Chinese high-net-worth individuals chose Hong Kong as their favourite offshore investment destination. ( read original story ...)
In Hong Kong, the world’s priciest home market, attempts to rein in prices are backfiring
A gauge of Hong Kong developers’ stocks has risen 12.3 per cent this ... said Raymond Yeung, Australia & New Zealand Banking Group Ltd.’s chief economist for greater China. Transactions have fallen by more than half since the new tax, from 6,739 ... ( read original story ...)
The Hong Kong banker who gave up his career to facilitate release of abductees in Afghanistan and help victims of Syrian civil war
When I was leaving Kenya he said, “Jason, one day I will save enough money to come to Hong Kong to visit you.” I knew it was a mission impossible for him. It had me thinking, “How can the world be like this?” Working in an investment bank can make ... ( read original story ...
Bitcoin trading shrivels under Chinese government’s glare
The People’s Bank of China launched checks into the three exchanges ... in China would likely normalize to around those seen on exchanges elsewhere, like the Hong Kong-based Bitifinex and U.S.-based Coinbase. ( read original story ...)
Travel review: Hong Kong, Peak Travel
Peace and quiet are rarely terms a prospective holidaymaker would apply to Hong Kong. Instead it is the city’s iconic skyline, bright lights and gleaming glass towers that remain routed in popular imagination. And while nothing quite captures the ... ( read original story ...)
Tycoon's disappearance keeps HK on edge
HONG KONG: The mysterious disappearance from Hong Kong of Xiao Jianhua, a China-born billionaire, has sent a chill through mainland business circles linked to the territory, and some are even looking to move their assets, say financiers, lawyers and ... ( read original story ...)
Business tycoon Li Ka-shing’s visit to Beijing’s Hong Kong office sparks speculation over leadership race
Hong Kong’s richest man was seen visiting the China Liaison Office – Beijing’s organ in Hong Kong – on Wednesday, sparking speculation over whether the visit was related to next month’s chief executive election. In a video captured by digital ... ( read original story ...)
Hong Kong stocks close at 3-month high after Trump’s tax cut hint
China’s shares closed at their highest level in two months, while Hong Kong stocks reached their highest closing level in more than three months on Friday. The gains followed advances on Wall Street after a tax pledge from US President Donald Trump ... ( read original story ...)
Coffin homes a way of life for budget-conscious Hong Kong residents
For Hong Kong resident Simon Wong, it's been a way of life for two decades. The 61-year-old has spent the last 20 years living in the tiny space he calls home. According to Business Insider, Wong's monthly rent is $295 a month. “It's been two years since ... ( read original story ...)