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 ...)
Manulife Hong Kong launches ManuDelight Annuity Plan Simple, flexible retirement plan offers extra income protection
HONG KONG, June 20, 2018 /PRNewswire/ -- Manulife Hong Kong has launched ManuDelight Annuity Plan, an innovative solution for young and middle-aged people who want guaranteed retirement income in the future but also flexibility and extra income protection ... ( read original story ...)
China’s Xiaomi plans to raise up to $6.1 billion in Hong Kong IPO: sources
HONG KONG (Reuters/IFR) - Chinese smartphone maker Xiaomi is planning to raise up to $6.1 billion from a Hong Kong initial public offering, sources with knowledge of the matter said. Xiaomi plans to sell about 2.18 billion shares at a price range of HK$17 ... ( read original story ...)
Hong Kong, China in Danger of Financial Crisis Within 3 Years: Nomura
Emerging markets are in far greater danger of a financial crisis than their developed peers, and Hong Kong has the most to fear, according to an update of Nomura Singapore Limited’s collection of early-warning indicators. Hong Kong and China are the only ... ( read original story ...)
ZTE’s Hong Kong shares rise after clarification of U.S. bill impact
HONG KONG (Reuters) - Shares of China’s ZTE Corp rose as much as 18 percent in Hong Kong on Wednesday as the impact of a U.S. Senate bill that threatens to restore penalties on the company became clearer. In clarification announcements during the noon ... ( read original story ...)
How generous is Hong Kong? Above average, according to HKU survey on donations and charitable work
The altruism poll, conducted by the University of Hong Kong, found that 83.5 per cent of respondents ... apps such as Facebook and WhatsApp play a pivotal role in sharing such news and events,” he said. “But people can also be deceived since ... ( read original story ...)
Downward spiral of Sino-US trade spat will hurt Hong Kong, commerce chief Edward Yau warns
Yau said the bureau met with business chambers on Tuesday to explain the quantitative impact on Hong Kong arising from the trade war. On news of the worsening trade war, the Hong Kong stock market slumped to its lowest in four months with the benchmark ... ( read original story ...)
Hong Kong buyers’ interest in Japanese property cools in the short term after Osaka quake
A strong earthquake in Osaka this week has not only rattled Japan’s second-largest city, but also shaken Hong Kong buyers’ growing interest in Japanese property in the short term, according to real estate agents. “One of our clients was paying a ... ( read original story ...)
ZTE shares rise in Hong Kong after clarification of U.S. bill impact
HONG KONG (Reuters) - Shares of China’s ZTE Corp rose as much as 18 percent in Hong Kong on Wednesday as the impact of a U.S. Senate bill that threatens to restore penalties on the company became clearer. In clarification announcements during the noon ... ( read original story ...)
Hong Kong medical panel rejects universal breast cancer screening for women in city
There is “insufficient evidence” that universal screening could help fight breast cancer, the most common cancer for women in Hong Kong, a government working group of doctors has concluded. After analysing international and local studies, as well as ... ( read original story ...)
Hong Kong: HANG SENG INDEX (.HSI) Stocks Slide, Bonds Rally as Trade Fears Build
The Hong Kong Hang Seng Index HSI, -2.78% closed down 2.8%, led by a 5.7% drop for Hong Kong-listed Chinese pork producer WH Group 0288, -5.68% , which owns U.S.’s Smithfield Foods and is vulnerable to potential pork and soybean tariffs. Taiwan’s TAIEX ... ( read original story ...)
Hong Kong’s Independent Police Complaints Council to step up monitoring of the force, new chief pledges
The new chairman of Hong Kong’s police watchdog on Tuesday pledged to be more proactive in reviewing the practices of the force, and said he would even take issues to the city’s leader when necessary. The promise by Anthony Francis Neoh comes as the ... ( read original story ...)
Estimates for traffic on Hong Kong mega bridge cut by up to 26 per cent because of competition, government admits
The much-delayed multibillion-dollar Hong Kong-Zhuhai-Macau bridge will accommodate up to 26 per cent less traffic in 2030 than previously estimated because of keen competition expected from another mainland bridge and China’s national railway ... ( read original story ...)
HSBC makes changes to PayMe e-wallet top-ups
Hongkong and Shanghai Banking Corporation announced that users of the e-payment app, PayMe, will be able to top up their e-wallets using their HSBC personal bank accounts starting later this week. The top-up limit will be HK$30,000 per month.PayMe users ... ( read original story ...)