Hong Kong property tycoon Walter Kwok Ping-sheung on Friday became the fourth developer to support the government’s bid to get private developers to use some of their land for affordable housing for first-time buyers. However, Kwok, the chairman of ... ( read original story ...)
Hong Kong IPOs will fade further without exchange reforms
Three years ago, the Stock Exchange of Hong Kong lost the chance to host the record $25 billion initial public offering of Alibaba Group Holding because regulators would not allow the company's founders certain privileges they regarded as contrary to the ... ( read original story ...)
How a Few Hot IPOs Hit Hong Kong Stocks
Shuli Ren is a Bloomberg Gadfly columnist covering Asian markets. She previously wrote on markets for Barron's, following a career as an investment banker, and is a CFA charterholder. Volatility is returning to Hong Kong stocks. In normal times, hot IPOs ... ( read original story ...)
China-based coworking operator naked Hub sets sights on Hong Kong IPO
HONG KONG (Reuters) - Shanghai-based coworking space startup naked Hub said on Friday it plans to go public in Hong Kong after a fresh round of fundraising next year, potentially adding more Chinese “new economy” companies to the Asian financial hub ... ( read original story ...)
Sinochem Taps Banks For Hong Kong IPO Of Oil Assets
China’s Sinochem Group has tapped three banks, including Morgan Stanley (NYSE: MS), to work on the possible Hong Kong listing of its key oil assets, as it seeks to raise capital and revive the company, said four people with knowledge of the matter. ( read original story ...)
Sinochem taps banks for Hong Kong IPO of oil assets: sources
BEIJING/HONG KONG (Reuters) - China’s Sinochem Group has tapped three banks, including Morgan Stanley (MS.N), to work on the possible Hong Kong listing of its key oil assets, as it seeks to raise capital and revive the company, said four people with ... ( read original story ...)
How the Stalled Aramco IPO Could Hamper Hong Kong’s Dreams
As oil giant Saudi Arabian Oil Co.—better known as Aramco—rethinks plans for what was expected to be the world’s biggest ever initial public offering, it’s not only investment bankers and the big stock exchanges of New York and London that are ... ( read original story ...)
32 of Hong Kong’s hottest tech start-ups to watch in 2018
Hong Kong has always been about trade and in the 21st century a coterie of promising start-ups are keeping the tradition. Here’s just a few to sate your appetite. From Imperial China to the British Empire to the People’s Republic of China, the port ... ( read original story ...)
AIA Group’s new business climbs 20 percent helped by China, Hong Kong
(Reuters) - AIA Group Ltd (1299.HK), the world’s third-largest life insurer by market value, clocked a 20 percent increase in new business in the third quarter aided by strong sales in its main markets of China and Hong Kong. China and Hong Kong together ... ( read original story ...)
Hong Kong stocks fall most in 2 months as property shares tumble
Hong Kong stocks fell the most in over two months on Thursday as ... in mainland China fell for the first time in over 2-1/2 years. Sentiment was not aided by news that China's economic growth eased slightly in the third quarter, with investors scrambling ... ( read original story ...)
Hong Kong developer Swire jumps on to co-working space bandwagon
A number of corporate mentors from various sectors have offered time and advice for free to start-ups, Taylor said. Competition in the shared office market has heated up over the past two years, as major players have aggressively expanded into Hong Kong ... ( read original story ...)
Rich Asian Clans Are Pouring Money Into Technology Startups
(Bloomberg) -- In Hong Kong, 35-year-old Matthew Tai has been shifting part of his family’s fortune, built by his father and uncles in real estate, into a string of digital startups. Tai says he’s invested in crowd-funding platform FundHive ... ( read original story ...)
All you need to know about Xi Jinping’s remarks on Hong Kong in his report to the party congress
President Xi Jinping on Wednesday set the course for Hong Kong and Macau’s governance, calling for the melding of Beijing’s authority, or “comprehensive jurisdiction”, over the two cities with their “high degree of autonomy” in a natural or ... ( read original story ...)
UK politician urges Hong Kong authorities to probe HSBC, StanChart over ‘illicit funds’ linked to South Africa corruption scandal
A British parliamentarian has urged Hong Kong’s financial authorities to investigate his claims that banks in the city were used to process allegedly illicit funds linked to South Africa’s President, Jacob Zuma and the powerful Gupta family of businessmen. ( read original story ...)