HONG KONG, June 6 WuXi Biologics (Cayman) Inc priced its Hong Kong IPO at the top of expectations, a source with direct knowledge of the deal said on Tuesday, raising about $511 million in the largest new listing in the Asian financial hub in 2017. ( read original story ...)
Hong Kong stocks set to open lower after Wall Street retreat
Hong Kong stocks are expected to open lower on Tuesday morning as futures in the city traded lower after the US market retreated from record highs reached late last week. Hang Seng Index futures were down 0.12 per cent or 30 points to 25,635 in the pre ... ( read original story ...)
Flat buyers in for a rude awakening, Hong Kong officials warn
Hong Kong’s top financial officials on Monday issued their strongest warning yet to homebuyers about escalating risks in the “exuberant” market, revealing that prices were now nearly 90 per cent above their peak in 1997. Principal government ... ( read original story ...)
Hong Kong transport chief ‘not told for nearly a year’ about mega bridge scandal
Hong Kong’s transport minister has revealed that he was not informed for almost a year about irregularities in a multibillion-dollar bridge project, only finding out from graft-busters last month. At a Legislative Council transport panel meeting on ... ( read original story ...)
Hong Kong’s 20-square-foot ‘coffin homes’ reveal the terrifying scope of a housing crisis
As housing prices continue to soar in Hong Kong, some residents are taking anything they can get — even if that means living in a so-called "coffin home." At least 200,000 people live in these homes, which measure just 4'x6' and sit stacked one top of ... ( read original story ...)
Hong Kong, China stocks close lower; coal sector rallies amid merger talks
Hong Kong shares closed lower on Monday, as investors moved to the sidelines following sharp gains the prior week, while the coal sector advanced amid merger talks between two major Chinese energy giants. Analysts also cited concerns over the latest round ... ( read original story ...)
Thousands in Hong Kong mark 28 year anniversary of Tiananmen crackdown
While mainland Chinese are only dimly aware of what happened at Tiananmen Square nearly three decades ago, the subject is openly discussed in Taiwan, a self-governing island, and Hong Kong, a special Chinese region with much autonomy and legally entrenched ... ( read original story ...)
Hong Kong vigil: Tens of thousands pack Victoria Park for Tiananmen Square anniversary
Hong Kong, a former British colony that returned to Chinese rule ... Fact Check returns to ABC audiences today across all ABC news platforms, bringing clarity and insight to the opposing claims of politicians, lobby groups, and public office holders ... ( read original story ...)
Radical Hong Kong lawmaker’s undisclosed fee severely hurt public trust in Legco, court told
A veteran pan-democratic lawmaker was on Monday accused of severely undermining public confidence in the Hong Kong legislature by deliberately concealing his receipt of HK$250,000 from a media tycoon. Opening their case at the District Court, prosecutors ... ( read original story ...)
Hong Kong’s ‘Exuberant’ Property Market Facing Very High Risks
Risks in Hong Kong’s property market are now “very high,” according to the city’s financial secretary, who says local households could find themselves over-leveraged as interest rates rise. Speaking in Hong Kong’s Legislative Council on Monday ... ( read original story ...)
High risks ahead for Hong Kong’s ‘exuberant’ property market, finance chief Paul Chan warns
Financial secretary Paul Chan Mo-po has warned that risks in Hong Kong’s “exuberant” property market are “very high” as interest rates will go up as many as three more times this year. He revealed that property prices in the city surged 6.5 per ... ( read original story ...)
Guangzhou Rural Bank launches up to $1.1 billion Hong Kong IPO
HONG KONG Guangzhou Rural Commercial Bank Co Ltd (GRCB) launched a Hong Kong initial public offering worth as much as $1.1 billion on Monday, seeking funds for potential M&A and to open new branches as it expands its lending and investment businesses. ( read original story ...)
Hong Kong stocks set to open higher after record high on Wall Street
The Hong Kong market is likely to open higher Monday, tracking Wall Street which hit a record high on Friday. Hang Seng Index futures dropped 0.04 per cent, or 11 points to 25,702 in the pre-trade session on Monday morning, while Hang Seng China ... ( read original story ...)
Guangzhou Rural launches up to $1.1 bln Hong Kong IPO -IFR
HONG KONG, June 5 (Reuters) - Guangzhou Rural Commercial Bank Co Ltd (GRCB) launched a Hong Kong initial public offering worth up to $1.1 billion on Monday, IFR reported, citing a term sheet of the transaction sent to investors. The IPO, which will raise ... ( read original story ...)