HONG KONG (Reuters) - Hong Kong proposed a vacancy tax on empty new homes on Friday in an attempt to discourage developers from hoarding, but analysts expect the measure to have little impact on prices in a property market rated the world’s least affordable. ( read original story ...)
Xiaomi’s shrinking IPO shows tougher climate for China tech
Xiaomi's big Hong Kong IPO is shrinking. The Chinese smartphone maker is set to raise about 36 billion Hong Kong dollars ($4.7 billion) after pricing its public offering at the bottom of the planned range, a person familiar with the IPO told CNNMoney. ( read original story ...)
China’s Xiaomi raises $4.72 billion after pricing HK IPO at bottom of range: sources
HONG KONG (Reuters/IFR) - China’s Xiaomi Corp (1810.HK) priced its Hong Kong initial public offering (IPO) at the bottom of an indicative range, raising $4.72 billion in the world’s biggest tech float in four years, people close to the transaction said ... ( read original story ...)
PNB fraud: Hong Kong banking regulator cracks down on Indian lenders operating in the SAR over suspected irregularities
New Delhi: After Firstpost exposed irregularities in the operations of Indian public sector banks in Hong Kong, the banking regulator in the Special Administrative Region (SAR) of China has initiated a clean-up operation by subjecting banks to rigourous ... ( read original story ...)
Hong Kong gears up for annual protest as leader marks first year in office
HONG KONG (Reuters) - Hong Kong will on Sunday mark the 21st anniversary of its return to Chinese rule, with city leader Carrie Lam struggling to win over residents even as she receives praise from Beijing. Lam took over as governor of the former British ... ( read original story ...)
This Hong Kong Startup Uses Technology To Provide Much Needed On-Demand Tutoring
During college, Timothy Yu made extra money as a math tutor. He was a math major, so it was fun and engaging work for him. But as Yu looked around the tutoring landscape in Hong Kong, what he saw troubled him. Many tutoring schools have 30 or 40 students ... ( read original story ...)
Hong Kong slams US report on human trafficking despite waiver keeping it off list of worst offenders
Hong Kong was rated for the third consecutive year on the Tier 2 Watch List in the US State Department’s latest Trafficking in Persons report, escaping an automatic downgrade that could have placed the city among the countries and regions doing least to ... ( read original story ...)
China’s Xiaomi prices HK IPO at bottom of range, raises $4.72 billion: sources
HONG KONG (Reuters/IFR) - China’s Xiaomi Corp (1810.HK) priced its Hong Kong initial public offering (IPO) at the bottom of an indicative range, raising $4.72 billion in the world’s biggest tech float in four years, people close to the transaction said ... ( read original story ...)
China’s Xiaomi prices Hong Kong IPO at bottom of range: sources
HONG KONG (Reuters/IFR) - Chinese smartphone maker Xiaomi Corp (1810.HK) priced its Hong Kong initial public offering (IPO) at the bottom of an indicative range, said people close to the transaction. Xiaomi priced its share offering at HK$17 per share ($2 ... ( read original story ...)
China Tower wins approval for Hong Kong IPO of up to $10 billion: sources
HONG KONG (Reuters/IFR) - China Tower, the world’s largest mobile mast operator, has won approval in Hong Kong for an IPO that could raise up to $10 billion, according to people familiar with the situation. The news comes as investors and bankers were on ... ( read original story ...)
Hong Kong’s “King Of Haunted Flats” Strikes Gold As Property Prices Rise
Ng Goon-lau pointed at a window inside a dark, tiny bedroom. The window was small and easily sealed, Ng explained, a perfect place for carbon monoxide poisoning. A man once burned charcoal to kill himself there. Another tenant, a policewoman, also hanged ... ( read original story ...)
JPMorgan goes on a hiring spree to retool its China banking team for serving technology unicorns
In May, the bank applied for approval to set up a majority-owned securities ... The reorganisation coincides with the overhaul that Hong Kong’s stock market operator and securities regulator pushed through last year, changing the city’s listing ... ( read original story ...)
HONG KONG: Sha Tin Sunday selections
1 Top Ace drops to Class 5 for the first time at his 31st Hong Kong start. The Italian Group 3 winner has run okay on this surface before and the booking of Joao Moreira is a positive move. He should be hard to beat. #7 Soccer Brave won for the third time ... ( read ...
Hong Kong can be a ‘powerful connection point’ for Belt and Road countries, city’s chief executive tells business summit
Hong Kong’s leaders were out in force on Thursday to promote the city’s advantages to capitalise on two ambitious technology and trade initiatives, but businesspeople urged the government to offer them more incentives. The city was poised to become ... ( read original story ...)