Hong Kong share market were lower on Monday, 30 July 2018, following Wall Street’s downbeat finish last week and on caution ahead of the policy statement of Bank of Japan’s two-day meeting due on Tues... ( read original story ...)
Hong Kong home prices start to lose steam as price growth slows for second straight month in June
The prices of lived-in homes in Hong Kong gained for a 27th straight month in June, but the rate of increase slowed down for a second straight month. An index of secondary-market home prices rose 6.3 ... ( read original story ...)
Hong Kong home prices hit another record, but could face headwinds
A 650-square-foot flat on Hong Kong Island would cost nearly HK$11.5 million ($1.47 million), according to calculations using June data from property agency Midland Realty. But after a 27-month-long r... ( read original story ...)
Macau casino heiress pays HK$900 million for Peak mansion in Asia’s second-costliest property
She ranks as the second richest woman in Hong Kong, trailing Kingston Financial Group’s Pollyanna Chu Yuet Wah, with a net worth of US$12 billion, according to Forbes. Ho been managing director of Shu... ( read original story ...)
Hong Kong director share buying falls, but property firms still top list of buy-backs
Hong Kong company directors may be experiencing buying fatigue after recording heavy purchases of their own companies’ shares in recent weeks, with activity falling for a second straight week, althoug... ( read original story ...)
Billionaire Li’s FWD Said to Mull Singapore Dual-Class IPO
The Hong Kong-based company is also considering its home city as a potential listing venue, the people said. FWD has started laying the groundwork for an IPO that could take place in the next couple y... ( read original story ...)
People are mocking Hong Kong’s new $100 bill for resembling “hell money”
The Hong Kong Monetary Authority (HKMA), and the three note-issuing banks (NIBs) (Standard Chartered Bank (Hong Kong) Limited, Bank of China (Hong Kong) Limited and The Hongkong and Shanghai Banking C... ( read original story ...)
Ex-assistant chairman of China’s banking regulator sentenced to 16 years in prison: state media
HONG KONG (Reuters) - The former assistant chairman of China’s banking regulatory commission has been sentenced to 16 years in prison for accepting bribes, state media said on Thursday, as the Chinese ... ( read original story ...)
Could red tape stifle interest in Hong Kong government’s US$255 million fund for tech start-ups?
Venture capitalists chosen to take part in the Hong Kong government’s HK$2 billion (US$254.9 million) Innovation and Technology Venture Fund (ITVF) have expressed concerns that too much paperwork and ... ( read original story ...)
China Startups Brace For ‘Capital Winter’ As VC Funding Slows
Speaking on the sidelines of Forbes Asia’s Under 30 Summit in Hong Kong, a number of young investors and honorees ... “There is too much money in China. The not qualified startups are getting funding, ... ( read original story ...)
Singapore’s Hmlet acquires Hong Kong rival co-living rental ‘we r urban’
Hmlet, a co-living rental startup based out of Singapore has recently announced that it has agreed to acquire its Hong Kong competitor 'we r urban.' The deal marks Hmlet’s expansion into the Hong Kong ... ( read original story ...)
Keep forgetting your password? So does former finance chief John Tsang, and that’s why he’s backing this fintech start-up
But I believe in fintech and the commercial power of the mobile phone, because now over 80 per cent of people in Hong Kong have a mobile phone,” said Tsang, who recently invested in and was made chair... ( read original story ...)
Announcing the 11 companies of #propUP Techstars Startup Program powered by MTR!
We are excited to announce the eleven companies that will be joining #propUP Techstars Startup Program powered by MTR in Hong Kong. In less than three months, we have 132 promising companies all over ... ( read original story ...)
Eight Startups Selected for Accenture’s 2018 FinTech Innovation Lab Asia-Pacific After Record Number of Applications
Cyberport, which is one of the founding organizations of the FinTech Innovation Lab Asia-Pacific, will provide workspace to participating start-ups. It houses the largest fintech community in Hong Kon... ( read original story ...)