Close to HK$6 billion (US$768 million) swindled from victims of various online and phone scams in Hong Kong and around the world was transferred through bank accounts in the city over the past 15 mont... ( read original story ...)
Hong Kong’s race with Singapore to be Asia’s data centre hub gets another leg up as final site sells at 45 per cent premium to valuation
Hong Kong’s biggest and last remaining piece of land designated for development into a data centre sold for a higher-than-expected HK$5.45 billion ((US$697 million) to Sunevision Holdings, sharpening ... ( read original story ...)
Hong Kong’s housing developers and landlords could take a hit with rates changes – but what are they?
Hong Kong’s housing developers and major landlords could take a hit, under a government proposal to take away billions of dollars’ worth of property tax sweeteners. Under the plan, submitted to the Le... ( read original story ...)
Hong Kong on track for global IPO crown
Hong Kong is on course to take the global IPO crown this year for the most money raised in stock market flotations, narrowly ahead of arch-rival New York, but its new listings have posted the worst pe... ( read original story ...)
Hong Kong IPOs to raise HK$100 billion less in 2019, says KPMG
Seven companies listed in Hong Kong slashed their IPO sizes recently, amid a surge in new share offerings and a major sell-off in the equity market. Alibaba Group Holding-backed Babytree shrank its li... ( read original story ...)
China’s Tencent Music raises nearly $1.1 billion in U.S. IPO
NEW YORK/HONG KONG (Reuters) - China-based music streaming company Tencent Music Entertainment Group (TME.N) said it raised close to $1.1 billion in its U.S. initial public offering (IPO) after pricin... ( read original story ...)
WuXi AppTec Lists H Shares on the Hong Kong Stock Exchange
The Hong Kong IPO will be used to enhance the Company's capability and capacity worldwide. This could include acquiring CROs and CDMO/CMOs, developing cutting-edge technologies, fostering a ... ( read original story ...)
Hong Kong: HANG SENG INDEX (.HSI) market participants forecast a slower pace of interest rate hikes in the U.S
Hong Kong stocks rose on Wednesday as market participants forecast a slower pace of interest rate hikes in the U.S. and possible policy stimulus in China. At the close of trade, the Hang Seng index wa... ( read original story ...)
Hong Kong shelves ETF Connect scheme with China due to ‘technical issues’, says SFC chairman
It will need a very long period of discussion to establish the infrastructure to build an ETF Connect Tim Lui, SFC Mainland-backed financial firms in Hong Kong rose to 334 at the end of 2017, from the ... ( read original story ...)
Investors are still optimistic about Hong Kong despite US-China trade war, says InvestHK director general
The start-ups employed a total of 9,548 people, a 51 per cent rise over 6,320 in 2017. Of the founders, 62 per cent were from Hong Kong, and 35 per cent from outside the city, of whom 17 per cent came ... ( read original story ...)
Annuities perked up after cool response
The Hong Kong Mortgage Corporation will introduce enhancement measures for the public annuity scheme - after 30 percent of applicants did not proceed in the first tranche of the plan.Three measures wh... ( read original story ...)
Hong Kong: HANG SENG INDEX (.HSI) worries about a slowdown in global growth
Headline shares of the Hong Kong financial market were lower on Tuesday ... Meanwhile, fresh Brexit uncertainty also dampened investor sentiments. In afternoon trades, the Hang Seng Index fell 29.34 p... ( read original story ...)
Hang Seng, Tencent join hands
... and Hang Seng will further promote fintech development in Hong Kong," said Philip Ma, vice-president of Tencent Financial Technology. Gilbert Lee, Head of Strategy & Planning at Hang Seng Bank, ad... ( read original story ...)
Tencent and Hang Seng Bank form fintech partnership
Hang Seng Bank has formed a fintech alliance with e-commerce giant ... The agreement combines Hang Seng's network in Hong Kong with Tencent's technology expertise in areas such as AI, machine learning ... ( read original story ...)