Jetstar Hong Kong, another budget carrier ... Explain This takes a closer look at topical issues or news of the moment and presents it in easy-to-understand summaries ( read original story ...)
This huge IPO shows we don’t need a ‘third board’ to attract tech stocks
Zhong An Online Property and Casualty Insurance, China’s first online-only insurer, closed 9 per cent up from its IPO price on Thursday in its Hong Kong debut. With an oversubscription of nearly 400 times from retail investors, the company had priced its ... ( read original story ...)
Hong Kong’s Property Market Gets a ‘Reality Check’
The scrapped sale of The Excelsior hotel in Causeway Bay may have been a “reality check” in a heated Hong Kong property market, according to Irene Lee, chairman of Hysan Development Co. “We didn’t get it -- or we didn’t bid,” Lee said in a ... ( read original story ...)
Myntra’s Ananya Tripathi gets additional responsibilities of 2 new businesses
Tripathi, a former McKinsey executive who joined the Bengaluru based e-tailer ... TOI reported last week that Myntra has now won the master franchise rights of Hong Kong-based brand Esprit. Earlier, it won a similar right for Mango. Tripathi said the ... ( read original story ...)
Inside the Hong Kong cotton mills being transformed from old eyesores into creative hub
Three former Hong Kong textile factories will reopen next year under the name The Mills and will feature an art gallery, a textile industry museum, a start-up incubator and shops, including established neighbourhood businesses From the outside, 41 Pak Tin ... ( read original story ...)
Ten startups benefit from government funding
A newly established youth innovation and entrepreneurship fund has secured a HK$3 million loan from the Hong Kong government. In the first round, the fund benefited 10 startups, each of which obtained HK$450,000 in capital, the Hong Kong Economic Journal ... ( read original story ...)
Young Hong Kong scientists offered mentorship from industry elite
Hong Kong biotech start-up claims world first in stem cell treatment of Alzheimer’s and Parkinson’s diseases “I referred him to one of my postdoctoral researchers so he could ‘help out’,” said Tsui. “By the time he was in 12th grade ... ( read original story ...)
Will Hong Kong’s Starter Homes scheme help young families get on property ladder or fatten the pockets of developers?
Yuen Yuk-ting had her life planned out at 26 years old: she would open a bank account with her boyfriend, spend the next four years saving HK$1 million for a down payment on a 400 sq ft flat in Hong Kong, and then get married at 30. That dream was thrown ... ( read original ...
Hong Kong stocks rise as financials surge on China reserve ratio cut
HONG KONG, Oct 4 (Reuters) - Hong Kong stocks ended higher on Wednesday, extending gains made in the previous session with mainland automakers, banks and insurers leading the surge after the Chinese central bank’s weekend move to free up liquidity to ... ( read original story ...)
Japan, Hong Kong shares follow Wall St higher in quiet trade
Hong Kong's Hang Seng advanced 0.7 percent to 28,392.77 but Australia's S&P/ASX 200 lost 0.7 percent to 5,660.40. Stock markets were closed in mainland China, South Korea and Taiwan for holidays. LOOKING FOR LEADS: With some key Asian markets closed ... ( read original story ...)
Chinese pottery sets world record after selling for £28m at Sotheby’s auction in Hong Kong
It was expected to fetch about £10million but the price kept climbing at Sotheby’s in Hong Kong. The price paid by the anonymous winning bidder was a world record for a Chinese ceramic piece, beating the £27.1million paid in 2014 for a 15th century ... ( read original story ...)
Hong Kong bus company pays one-off HK$30,000 each to 15 victims of deadly crash
A one-off compassionate payment of HK$30,000 has been granted by Hong Kong bus operator Citybus to 15 victims who ... Cheng, who has been helping about a dozen victims, said he received news on Wednesday that Citybus had agreed to allocate the sum of ... ( read original story ...)
Hong Kong judges see lowest pay rise in eight years amid manpower crunch
Judges will get a pay rise of 2.95 per cent, the lowest in eight years, as Hong Kong’s judiciary seeks to bring salaries to competitive levels to tackle a manpower shortage that has left more than 20 per cent of posts on the bench vacant. The government ... ( read original story ...)
Hong Kong has world’s most expensive real estate, says Century 21 survey
Hong Kong has the most expensive real estate in the world, with the average single-family home in the Kowloon area priced at $3,570.23 per square foot, says a recent survey by Century 21 Canada. This is 3.5 times more expensive than Beijing, the second ... ( read original story ...)