RAM Telecom International (RTI) and NEC Corporation informed that the Southeast Asia – United States Cable System (SEA-US) is ready for commercial service following acceptance by the SEA-US consortium, and that construction has started on the Hong Kong ... ( read original story ...)
Hauser & Wirth Plots a Major Expansion Into Asia With a Hong Kong Gallery and Two New Offices
At the same time, with the help of the gallery’s Chinese clients, “we realized that the Hong Kong gallery is not enough. We have not figured out how to be present in mainland China, but we know that this is very important, so we’ll start with the two ... ( read original story ...)
Online insurer ZhongAn prices Hong Kong IPO at top end to collect US$1.5bn: report
China’s first online-only insurer has priced its initial public offering (IPO) at the top end of its expected price range, as it looks to raise US$1.5 billion in the city’s biggest fintech IPO, according to press reports. ZhongAn Online Property ... ( read original story ...)
Commonwealth Bank Upgraded Following $3 Billion Sale of Life Insurance Arm to AIA
Morgans has upgraded Commonwealth Bank of Australia (CBA.AU) after the lender agreed to sell its Australian and New Zealand life insurance units to Hong Kong-based insurer AIA Group (1299.HK) for AUD3.8 billion (USD3.04 billion). CBA said the sale price ... ( read original story ...)
Bank of China : BOC-Interest rates remain unchanged
Release date- 21092017 - Bank of China (Hong Kong) Limited announces that its Hong Kong Dollar prime rate and savings deposit rate will remain unchanged at 5.00% p.a. and 0.01% p.a. respectively. Under the tiered interest rate structure for Hong Kong ... ( read original story ...)
S&P have cut Hong Kong’s credit rating after cutting China’s
BEIJING (AP) — The Standard & Poor's rating agency has cut its credit rating for Hong Kong a day after downgrading China, citing risks posed by close ties between the two places. S&P said Friday that it was reducing its long-term rating on Hong Kong by ... ( read original story ...)
Hong Kong to host technology festival for cutting-edge British businesses
Last night she joined the Chancellor of the Exchequer, Philip Hammond, at a gala dinner attended by 600 UK and Hong Kong business people where a new FinTech Bridge agreement was unveiled. This will allow UK firms and investors to expand in Hong Kong and ... ( read original story ...)
Hong Kong needs to throw more caution to the wind when it comes to backing start-ups
But, the problem in Hong Kong’s funding channel is that many start-ups are looking for less than a million US dollars, more like US$500,000 to roll out their product after a few years of development, or angel money of US$100,000 to begin a business. ( read original story ...)
S&P strips Hong Kong of AAA rating after China downgrade
HONG KONG: S&P Global Ratings cut Hong Kong’s credit rating a day after it downgraded China for the first time since 1999, a move that reflects the “strong institutional and political linkages” between the special administrative region and the ... ( read original story ...)
S&P’s Hong Kong credit downgrade to raise financing costs, say analysts
But Geicke said he was “totally surprised” that Hong Kong was downgraded as the city is sitting on a huge financial reserve. The Chinese Ministry of Finance said in a statement posted on its website Friday that S&P’s downgrade on China was a “wrong ... ( read original story ...)
China online insurer ZhongAn prices Hong Kong IPO at top end, raises $1.5 billion – IFR
ZhongAn Online Property & Casualty Insurance Co 6060.HK> priced its IPO at the top of an indicated range, raising $1.5 billion(1.10 billion pounds) in Hong Kong's biggest ever financial technology stock offering, IFR reported on Friday. China's first ... ( read original story ...)
S&P cuts Hong Kong’s credit rating because of China’s soaring debt
The financial hub’s long-term issuer credit rating was lowered to AA+ from AAA, S&P said Anthony Wallace/AFP S&P Global Ratings cut Hong Kong’s credit rating a day after it downgraded China for the first time since 1999, a move that reflects the ... ( read original story ...)
The Latest: S&P cuts Hong Kong rating after cutting China’s
S&P said Friday that it was reducing its long-term rating on Hong Kong by one notch, to AA+ from AAA, reflecting potential spillover risks to the Asian financial center. It said Hong Kong has a good economic outlook, sizable fiscal reserves and credible ... ( read original story ...)
S&P downgrades China, says rising debt is stoking economic, financial risks
Its impact on financial markets would very limited," said Ken Cheung, senior Asian FX strategist at Mizuho Bank in Hong Kong. "For those invested in yuan-denominated bonds, they care more about yuan expectations. The downgrade decision is likely to have ... ( read original story ...)