It’s been a tumultuous year for global equity markets. Asia’s financial center Hong Kong has been swayed by Brexit, Trump, and Fed rate decisions. The territory also faced domestic headwinds of slumping retail and an overheating property sector. ( read original story ...)
How Hong Kong topped the world in IPO funds raised in 2016
Hong Kong led the world in terms of amount of funds raised by initial public offerings (IPOs) in 2016 despite a substantial decline from 2015, leaving Shanghai and New York a distant second and third respectively, according to PwC. Total funds raised by ... ( read original story ...)
Singapore and Hong Kong gain ground as rising currency trading rivals to London
As a result Hong Kong and Singapore are rising challengers to London, according to the Bank of England’s quarterly bulletin, which studied data from the Bank of International Settlements. London hosted 37pc of global foreign exchange trading, down from ... ( read original story ...)
Hong Kong, China stock markets start 2017 on a high as manufacturing index hits four-year high
Positive economic data and new year’s spirit lifted both the Hong Kong and mainland markets as the first trading day of 2017 closed, but analysts warned more uncertainties lie ahead in the new year than in 2016. The Hang Seng Index (HSI) opened slightly ... ( read original story ...)
Shamed former leader of Hong Kong pleads not guilty to bribery at his high-profile corruption trial after quitting in disgrace for accepting favours from tycoons
In 2012 he apologised for separate allegations that he accepted inappropriate gifts from business friends in the form of trips on luxury yachts and private jets. The trial comes at a time when residents are losing faith in Hong Kong's leaders, as a string ... ( read original story ...)
China says Hong Kong must not be used to infiltrate or subvert mainland
China warned Hong Kong it would not tolerate anyone using the city to damage mainland stability, Beijing's top official in the city said, as concerns rise over an emerging independence movement. Tensions have flared in the semi-autonomous territory after ... ( read original story ...)
China warns Hong Kong it will not tolerate anyone using the city to damage the mainland's political stability amid emerging pro-independence movement
China has warned Hong Kong it will not tolerate anyone using the city to damage the mainland's stability, as concerns rise over an emerging pro-independence movement. Tensions have flared in the semi-autonomous territory after the ousting of two pro ... ( read original story ...)
Big guns but no bright lights is Hong Kong's IPO destiny
EVEN if it doesn’t get to host the IPO of Saudi oil giant Aramco, potentially the biggest float of all time, Hong Kong should still be able to maintain its billing as the world’s No. 1 venue for share sales next year. But with limited tech deals on the ... ( read original story ...)
Hong Kong New Year's Day pro-democracy protest draws crowds
Thousands of protesters have taken to the streets of Hong Kong, demanding full democracy. They accuse the government of cracking down on pro-democracy legislators - and say Beijing has interfered in Hong Kong's affairs by interpreting its local laws. ( read original story ...)
Hong Kong elite fails to grasp extent of public anger over city’s decline
... they loathe in Hong Kong Chinese is their complete lack of empathy for the world outside of Hong Kong. The serial inability of government and business leaders to make decisive policy changes to arrest a downward spiralling economy is a laughable ... ( read original story ...)
Hong Kong’s illegal ivory hub status ‘could grow after planned mainland China ban’
Wildlife campaigners have urged Hong Kong authorities to fast-track the phasing out of the city’s ivory trade, warning of a surge in illegal business after the mainland announced a total ban within a year. WWF Hong Kong yesterday contrasted Beijing’s ... ( read original story ...)
Is fintech a disruptor or enabler for Canada’s big banks?
The consultancy McKinsey & Co. is reportedly tracking more than 2,000 ... similar to the United Kingdom, Australia, Hong Kong and Singapore. ( read original story ...)
The race to become Hong Kong’s next chief executive: analysing the key candidates’ body language
Hong Kong’s 2017 chief executive election race is already hotting up, with at least four hopefuls potentially set to compete for the top job. But how are those candidates’ body language and contrasting television presentation styles affecting our ... ( read original story ...)
Hong Kong man arrested over wife’s murder
A kitchen worker was arrested late on Friday night over the alleged murder of his wife in a domestic fight in Tuen Mun. Police were called to a flat in Affluence Garden, on Tsing Chung Koon Road, shortly before midnight after the 58-year-old surrendered ... ( read original story ...)