Retail investors’ enthusiasm for Hong Kong initial public offerings is suddenly waning. Individual buyers placed orders for an average 28.7 times of the shares initially available to them in July, acc... ( read original story ...)
China Tower sets price range, gets cornerstones for US$8.7b HK IPO
has lined up $1.4 billion from 10 cornerstone investors for its Hong Kong IPO of up to $8.7 billion, in what would be the world's biggest listing in four years, five people close to the deal told Reut... ( read original story ...)
Elderly Hong Kong workers paid so badly they can hardly afford to buy lunch – but business groups insist they can’t pay more
Senior citizens and women have been the biggest losers when it comes to wage growth in Hong Kong, seeing the slowest rise in salaries in a six-year period compared to other groups. The findings prompt... ( read original story ...)
Hong Kong: HANG SENG INDEX (.HSI) traders shrug off trade talk
Hong Kong stocks ended higher on Friday, as a sharp rebound in mainland Chinese stocks lifted sentiment. The Hang Seng index ended 0.8 percent higher at 28,224.48, while the China Enterprises Index cl... ( read original story ...)
Hong Kong Property Bears Rear Their Heads (Yet Again)
Hong Kong’s property market has a habit of humbling the bears, shattering predictions that the laws of gravity must eventually prevail. But, now, a crosscurrent of headwinds -- from a slowing Chinese ... ( read original story ...)
Highlights From Forbes Under 30 Summit Asia In Hong Kong
Visionaries like Hong Kong business magnate Allan Zeman dished out their advice and listened to how these millennials were disrupting their industries. These sessions were followed by a Startup Openho... ( read original story ...)
BRIEF-Hong Kong’s Asset And Wealth Management Business Reaches HK$24.27 Trln In 2017 – SFC
July 20 (Reuters) - Hong Kong Securities and Futures Commission : * SAYS ASSET AND WEALTH MANAGEMENT BUSINESS IN HONG KONG REACHES HK$24.27 TRILLION ($3.09 trillion) IN 2017 Source text in English: ht... ( read original story ...)
China Tower Is Said to Draw Hillhouse, Alibaba to Hong Kong IPO
China Tower Corp., the state-owned wireless infrastructure operator, has attracted Hillhouse Capital and a unit of Alibaba Group Holding Ltd. as investors in its planned Hong Kong initial public offer... ( read original story ...)
Hong Kong: HANG SENG INDEX (.HSI) shares drop, led by airlines
China Southern Airlines and other carriers tumbled as the yuan slid to the lowest level in 12 months after the central bank lowered the reference rate ... The last signal was a buy 9 period(s) ago. HA... ( read original story ...)
Hundreds protest over Hong Kong’s move to ban separatist political party
HONG KONG (Reuters) - Hundreds of Hong Kong pro-democracy protesters on Saturday rallied against the government's attempt to ban a political party, saying it dealt the most serious threat to the city' ... ( read original story ...)
Virtual banking is set to shake up Hong Kong
Hong Kong is getting ready for the arrival of virtual banks, for which all transactions will be online. The city's financial authority could issue the first licenses as early as this year. Tough regul... ( read original story ...)
HKMA publishes OPI framework for Hong Kong’s banking industry
Hong Kong Monetary Authority (HKMA), Hong Kong’s de facto central bank and currency board, has released the open application programming interface (API) Framework for the country's banking sector. The ... ( read original story ...)
Hong Kong’s Banking Sector to Get a Blockchain Platform by September
The Hong Kong Monetary Authority, the region’s currency board and central bank, is set to launch a live blockchain-based trading platform in September. The banking project is backed by HSBC, Bank of C... ( read original story ...)
Jim Rogers-backed ITF to miss August deadline for virtual bank licence in Hong Kong
ITF, a fintech company backed by US veteran investor Jim Rogers, plans to apply for a virtual bank licence in Hong Kong, but will not rush to meet the first application deadline on August 31. The fint... ( read original story ...)