The Hong Kong-based company is also considering its home city as a potential listing venue, the people said. FWD has started laying the groundwork for an IPO that could take place in the next couple y... ( read original story ...)
People are mocking Hong Kong’s new $100 bill for resembling “hell money”
The Hong Kong Monetary Authority (HKMA), and the three note-issuing banks (NIBs) (Standard Chartered Bank (Hong Kong) Limited, Bank of China (Hong Kong) Limited and The Hongkong and Shanghai Banking C... ( read original story ...)
Ex-assistant chairman of China’s banking regulator sentenced to 16 years in prison: state media
HONG KONG (Reuters) - The former assistant chairman of China’s banking regulatory commission has been sentenced to 16 years in prison for accepting bribes, state media said on Thursday, as the Chinese ... ( read original story ...)
Could red tape stifle interest in Hong Kong government’s US$255 million fund for tech start-ups?
Venture capitalists chosen to take part in the Hong Kong government’s HK$2 billion (US$254.9 million) Innovation and Technology Venture Fund (ITVF) have expressed concerns that too much paperwork and ... ( read original story ...)
China Startups Brace For ‘Capital Winter’ As VC Funding Slows
Speaking on the sidelines of Forbes Asia’s Under 30 Summit in Hong Kong, a number of young investors and honorees ... “There is too much money in China. The not qualified startups are getting funding, ... ( read original story ...)
Singapore’s Hmlet acquires Hong Kong rival co-living rental ‘we r urban’
Hmlet, a co-living rental startup based out of Singapore has recently announced that it has agreed to acquire its Hong Kong competitor 'we r urban.' The deal marks Hmlet’s expansion into the Hong Kong ... ( read original story ...)
Keep forgetting your password? So does former finance chief John Tsang, and that’s why he’s backing this fintech start-up
But I believe in fintech and the commercial power of the mobile phone, because now over 80 per cent of people in Hong Kong have a mobile phone,” said Tsang, who recently invested in and was made chair... ( read original story ...)
Announcing the 11 companies of #propUP Techstars Startup Program powered by MTR!
We are excited to announce the eleven companies that will be joining #propUP Techstars Startup Program powered by MTR in Hong Kong. In less than three months, we have 132 promising companies all over ... ( read original story ...)
Eight Startups Selected for Accenture’s 2018 FinTech Innovation Lab Asia-Pacific After Record Number of Applications
Cyberport, which is one of the founding organizations of the FinTech Innovation Lab Asia-Pacific, will provide workspace to participating start-ups. It houses the largest fintech community in Hong Kon... ( read original story ...)
Beigene goes big, files for $1B IPO on HKEX; others look to follow
HONG KONG – Chinese biopharmaceutical firm Beigene Ltd. filed with the Hong Kong Stock Exchange (HKEX) for a monster IPO that could raise more than $1 billion. It is the second biotech firm to seek an ... ( read original story ...)
What’s driving Hong Kong finance staff to quit
New independent research commissioned by specialised recruiter Robert Half reveals an increase in staff turnover in Hong Kong in the past three years. According to the research, which surveyed 150 Hon... ( read original story ...)
Capital controls? No problem for Tencent-backed Futu, the overseas trading app for Chinese investors
In its more established market of Hong Kong, daily trade on the Futu app now accounted for ... many rich people had already parked a considerable proportion of their wealth overseas. A McKinsey report ... ( read original story ...)
Melbourne-Hong Kong business class: Cathay Pacific vs Qantas vs Virgin
Receive 75,000 bonus Qantas Points and $200 back to your new ANZ Frequent Flyer Black credit card when you make one eligible purchase in the first 3 months. Eligibility criteria, T&Cs, fees and charge... ( read original story ...)
China says still committed to Hong Kong semi-autonomy
"Hong Kong affairs are the domestic affairs of China. We do not welcome nor do we accept other countries to interfere in China's domestic affairs," Wang said at a joint news conference. "But of course ... ( read original story ...)