HONG KONG (Reuters) - Ping An Healthcare and Technology Co Ltd, a unit of Ping An Insurance (Group) Co of China Ltd (2318.HK) (601318.SS), plans to raise up to HK$8.77 billion (797.8 million pounds) in a Hong Kong initial public offering to help expand its ... ( read original story ...)
Hong Kong startup Peacify launches smart socks for newborns
Hong Kong startup Peacify has launched a healthcare wearable monitoring device for newborns, dubbed Peacify Sock, allowing parents to view their babies' vital signs in real-time. The sock is equipped with biomedical sensors and algorithms to monitor a baby ... ( read original story ...)
StanChart ramps up its Hong Kong digital strategy with ‘eXellerator’ lab
Angel Ng, Citibank’s Hong Kong consumer business manager, said implementing an open API architecture in the city is vital to the continued modernisation of the local banking sector. “More banks working on this mutual business direction can accelerate ... ( read original story ...)
Uber’s outsized American ego a problem says Hong Kong transport minister as US Consulate gets involved
The US Consulate in Hong Kong has reached out to the city’s taxi drivers to ease tensions with Uber, while the transport minister slammed the US ride-hailing firm for its “big ego”, the Post has learned. There was immediate resistance from industry ... ( read original story ...)
WSJ: Hong Kong Could Lure 2 Landmark IPOs From US
The U.S. reportedly could lose two massive initial public offerings to Hong Kong as China intends to lure more new listings. The chief executive of Hong Kong Exchanges and Clearing Ltd. (HKEX), Charles Li, said Saudi Arabia’s state-owned oil giant, Saudi ... ( read original story ...)
Hong Kong exchange hopes Xiaomi leads army of blockbuster IPOs
Chinese technology giant Xiaomi is readying flotation plans as Hong Kong Exchanges and Clearing (HKEX) unveils major changes to its listings rules with the aim of winning a string of blockbuster initial public offerings with multibillion-dollar valuations. ( read original story ...)
Single parking spot in Hong Kong shatters property price record
Hong Kong, a city with some of the costliest real estate in the ... according to property agents, as cited by Business Insider. Renting the parking spot is reportedly more expensive than monthly rent for the city’s smaller apartments. ( read original story ...)
Tears and fear in Hong Kong Monetary Authority’s 1997 currency war against hedge funds
As Asian currencies started plunging one after another, starting with the Thai baht in July 1997, the attention soon turned to Hong Kong, the financial hub of Asia, barely months after sovereignty had been handed by the British colonial government back to ... ( read original story ...)
Financial institution backing out of new tar sands, fossil fuel projects
Europe’s largest international financial institution, HSBC (Hong Kong and Shanghai Banking Company) has made a major announcement today. The worlds seventh largest lender said it will no longer finance any new developments dealing with Canada’s tar ... ( read original story ...)
HK retail investors have dwindling trust in financial advisers
Hong Kong’s retail investors trust their financial advisers the least among 12 global financial markets surveyed, which the head of the CFA Institute in Asia Pacific describes as a “wake up call” for the city. The finding was based on a poll of 3,127 ... ( read original story ...)
Hong Kong budget philosophy offers very little change
Among these are: Hong Kong-Zhuhai-Macau bridge (26 per cent), Kai Tak district ... According to a previous study by the same Legco unit, for much of his tenure, former finance chief John Tsang Chun-wah’s budget giveaways and handouts mostly benefited ... ( read original story ...)
Why are Hong Kong’s young people abandoning student unions?
Au Nok-hin is the youngest member of Hong Kong’s Legislative Council, but the 30-year-old is an old hand at working the ground to champion his cause. He cut his teeth as the internal secretary of Chinese University’s student union 10 years ago ... ( read original story ...)
‘Guide dogs welcome’ in 80 Hong Kong taxis, operator announces
A taxi operator has taken the first step in welcoming guide dogs on board amid complaints that visually impaired customers and their canine companions are being turned away by drivers and businesses in Hong Kong. SynCab, which operates a team of 120 cabs ... ( read original story ...)
Hong Kong is running out of space to put its dead
VICE News went to Hong Kong to see just how hard it is for Hongkongers to find a resting place, and to look at some of the solutions being offered. In land-scarce Hong Kong, finding a final resting place for the dead can be a nightmare. And new regulations ... ( read original story ...)