He joins Sucden Financial from LMAX Exchange in Hong Kong, where he was responsible for establishing the firm's institutional presence in the area. He previously held senior positions at FXCM and Deutsche Bank. Peter Brooks, Co-Head of eFX in London said ... ( read original story ...)
Hong Kong IPO Flop a Warning for Punters in Xiaomi Mega Deal
One of Hong Kong’s most popular investment strategies -- borrow big and plow the money into a red-hot IPO -- is starting to fail, just as the city prepares to host Xiaomi Corp.’s $10 billion listing. Ping An Healthcare & Technology Co.’s initial ... ( read original story ...)
Hong Kong stocks get boost from tech and financials
Hong Kong stocks closed the midday session higher on Tuesday, after tech companies surged following a rebound in Apple shares in the US overnight. Chinese financials and carmakers were also boosted in line with gains in the mainland market. The Hang Seng ... ( read original story ...)
Breakingviews – Higher rates are likely to calm Hong Kong property
HONG KONG (Reuters Breakingviews) - Higher rates are likely to calm Hong Kong’s frothy property market. Interbank lending is getting more expensive after a decade-long slump, pointing to costlier mortgages and slower price growth. This will be manageable ... ( read original story ...)
HONG KONG | China’s exports rebound, trade surplus with US swells
HONG KONG (AP) — China’s exports rebounded last month from a brief downturn while its politically sensitive trade surplus with the United States expanded, according to official data released Tuesday. Customs data showed that exports jumped 21.5 percent ... ( read original story ...)
Hong Kong IPO Flop a Warning for Speculators in Xiaomi Mega Deal
One of Hong Kong’s most popular investment strategies -- borrow big and plow the money into a red-hot IPO -- is starting to fail, just as the city prepares to host Xiaomi Corp.’s $10 billion listing. Ping An Healthcare & Technology Co.’s initial ... ( read original story ...)
‘Orwellian Nonsense’? China Says That’s the Price of Doing Business
and that the Hong Kong, Macau and Taiwan regions are inseparable parts of Chinese territory,” a spokesman, Geng Shuang, said on the ministry’s website. He added, “It must be pointed out that foreign firms doing business in China should respect China ... ( read original story ...)
Hong Kong dominates busiest air routes in the world – but budget airlines can’t get a look-in
Hong Kong has some of the busiest air routes in the world, a report has found – just don’t expect to get a budget flight to or from the city, unlike elsewhere in the region where low-cost travel is booming. Hong Kong International Airport (HKIA ... ( read original story ...)
Hong Kong surgeon who left operation halfway through offered new job by mainland Chinese hospital
A surgeon who left a patient open on an operating table last year while he worked at a different hospital will reportedly take up a job at a mainland Chinese hospital affiliated with a Hong Kong university, despite the school’s medical faculty not ... ( read original story ...)
HONG KONG | China’s ZTE seeks end to ban on buying American technology
HONG KONG — Chinese technology company ZTE says it has applied to the U.S. Commerce Department asking it to suspend a seven-year ban on it doing business with U.S. technology exporters. The company said in a statement late Sunday that it had “formally ... ( read original story ...)
Ping An Good Doctor’s shares slide below IPO price on valuation worries
Shares of some other technology-related companies that floated recently have been weak in Hong Kong. ZhongAn Online P & C Insurance Co recently dropped below its IPO price. China Literature, which soared on its debut last year, has been declining and is ... ( read original story ...)
HK startup wants to become profitable, first and foremost
The capital-raising route notwithstanding, a growing number of startups are giving priority to organic growth. Among them is GoodNotes, a Hong Kong-based tech firm that is committed to becoming profitable, first and foremost. The company offers a note ... ( read original story ...)
HONG KONG | Asian markets rise, tracking Wall Street gains on job report
HONG KONG (AP) — Most Asian stock markets started the week higher on Monday following strong gains on Wall Street after the U.S. jobless rate hit an 18-year low, helping investors overlook unresolved trade tensions between Washington and Beijing. ( read original story ...)
Hong Kong surgeon who left operation halfway through ‘hired by mainland Chinese hospital’
A surgeon who left a patient open on an operating table last year while he worked at a different hospital will reportedly take up a job at a mainland Chinese hospital affiliated with a Hong Kong university, despite the school’s medical faculty not ... ( read original story ...)