The Hong Kong Stock Exchange has become a hot spot for attracting the initial public offerings of some of the largest companies in the world. While U.S. markets await the IPOs of Uber and Airbnb, three Chinese companies that rank among the world's 20 ... ( read original story ...)
China’s Xiaomi secures seven cornerstone investors for $6.1 billion Hong Kong IPO
HONG KONG (Reuters/IFR) - Chinese smartphone maker Xiaomi Corp has lined up $548 million from seven cornerstone investors including U.S. chipmaker Qualcomm Inc for its Hong Kong IPO of up to $6.1 billion, according to a term sheet seen by Reuters. ( read original story ...)
Visualizing global debt
In the latest in its series of reports on debt and deleveraging, the McKinsey Global Institute (MGI ... and international financial centers Hong Kong and Luxembourg top the list for nonfinancial corporate debt to GDP, largely reflecting the activities ... ( read original story ...)
AI pioneer named as head of Hong Kong’s Science Park; board of directors gets 8 new members
Three incumbent members were reappointed. They are former University of Hong Kong head Tsui Lap-chee, Joseph Ngai, managing partner of McKinsey Greater China, and jeweller Theodore Ma Heng. ( read original story ...)
Dirty cousin? Not anymore as Shenzhen’s green quest leaves Hong Kong miles behind
While Hong Kong officials seem to struggle in finding its way forward, compliments are coming in over Shenzhen’s green push. Global management consultancy McKinsey & Company says that Shenzhen is the “most sustainable city” in China. Shenzhen also ... ( read original story ...)
The future of work report: Ten things to solve for
They are: The report’s authors are:James Manyika chairman and director of the McKinsey Global Institute and a senior partner at McKinsey & Company based in San Francisco, and Kevin Sneader is McKinsey’s global managing partner-elect, based in Hong Kong. ( read original story ...)
Global pharma bleeds talent to China start-ups
“It’s very clear that some very good talent from MNCs are joining local companies,” said Franck Le Deu, a senior partner at McKinsey in Hong Kong. “The value proposition of local biotechs is clear: they provide an entrepreneurial ... ( read original story ...)
Petropavlovsk gives bridge loan to Hong Kong iron ore company to meet ICBC payment
Russian gold miner Petropavlovsk, which is battling a shareholder attempt to remove its board, has agreed to provide a last minute bridge loan to a Hong Kong iron ore company ... a former consultant for McKinsey & Co and Boston Consulting Group, who ... ( read original story ...)
Samsonite C.E.O. Resigns After Accusation of Résumé Fraud
A few more changes of ownership later, it floated shares in Hong Kong in 2011, around the same time as Prada ... but overzealous business school students and bleary-eyed McKinsey consultants,” the report says. In a news release responding to the report ... ( read original story ...)
Big Pharma executives jump to China startups for higher pay and more say: report
a senior partner at McKinsey in Hong Kong, was quoted by FT. Xiaobin Wu, Ph.D., formerly Pfizer China's general manager who recently jumped to BeiGene, told FT that at Chinese biotech startups, “the working dynamic is very different and the decision ... ( read original story ...)
Businesses in Hong Kong slow to adopt digital tech despite growing demand, finds HSBC survey
Hong Kong businesses are slow to adopt company wide digitisation despite a growing demand and enthusiasm for digital technologies, especially mobile banking, according to a new study by HSBC. About three quarters of the local companies surveyed recognised ... ( read original story ...)
Hong Kong’s competition watchdog takes 5 IT firms to tribunal in first action under new law
Any form of bid rigging is a serious breach of the competition law no matter the method or who is involved, Hong Kong’s antitrust tribunal heard on Wednesday in its first case since the ordinance was fully implemented in December 2015. The city’s ... ( read original story ...)
Hong Kong Hang Seng rebounds 0.8%
Hong Kong ... China's central bank urged investors to remain calm and rational, saying the economy is in good shape to deal with trade friction. Thirty nine stocks among the 50 blue chips rose, and ten fell, with one stock remaining steady. The Hang ... ( read original story ...)
China’s Xiaomi targets as much as $6.1 billion in Hong Kong IPO: sources
HONG KONG (Reuters/IFR) - Chinese smartphone maker Xiaomi Corp is planning to raise up to $6.1 billion from a Hong Kong IPO launching this week, people with knowledge of the matter said, in what will be one of the biggest tech floats globally of recent years. ( read original story ...)