In an interview with state-owned agency China News Service, former chief executive Leung Chun-ying, who was also at Sunday’s event, said Hong Kong would continue to contribute to China and benefit from its development, claiming it was the country’s ... ( read original story ...)
Hong Kong’s start-ups don’t need showbiz and celebrities, they need a dose of reality
Not since Bette Midler made her first entrance in Hello Dolly has an audience erupted as it did when A-list Hong Kong actor Nicholas Tse Ting-fung, channelling his best imitation of Steve Jobs, strutted the stage last week at an Our Hong Kong Foundation ... ( read original story ...)
Hongkongers face ‘most serious’ traffic delays in mainland China in years at start of ‘super golden week’ holiday
Throngs of Hong Kong tourists and coach operators were held back in the city due to serious traffic jams clogging up a key motorway linking neighbouring Guangdong province at the start of the country’s “super golden week” holiday over the weekend. ( read original story ...)
Swedish fintech start-up completed Bangkok Bank’s InnoHub accelerator
... InnoHub at both Startup Thailand and Techsauce start-up conferences/exhibitions in Bangkok, meeting with VCs and business angels both from Thailand as well as from the region; primarily Hong Kong and Singapore. Bangkok Bank Public Company Limited ... ( read original story ...)
2017 Hong Kong World Cup: Day 2 Prelims Live Recap
The second and final morning of the Hong Kong World Cup will feature another mountain of events ... FINA World Cup stop series and the first in the Asia cluster. Prelims will start at 9:30 AM local time and finals at 6:30 PM local time. ( read original story ...)
Renaissance Capital’s Q2 2017 Global IPO Market Review
Global IPO proceeds totaled $33.4 billion in the 3Q17 ... dollar deals like NetLink Trust in Singapore ($1.7 billion), ZhongAn Online Insurance in Hong Kong ($1.5 billion) and SBI Life in India ($1.3 billion). Europe took second place with 31% of proceeds ... ( read original story ...)
ZhongAn Insurance IPO Draws Attention To Low Valuation Of Fanhua
Both companies are likely to continue growing much faster than the sector. The Hong Kong IPO of ZhongAn Insurance (HK:6060) (see China's ZhongAn Online jumps 15pc in trading debut) has drawn attention to Fanhua (FANH) which has been listed in New York ... ( read original story ...)
Listings dry up in weakest IPO market since 2012
which had been pencilled in as a likely IPO. Alinta Energy's float, which could have raised about $4 billion, was also scrapped in March after it was sold to a Hong Kong buyer. Zip Industries pulled its listing plan in May, while Wesfarmers canned the ... ( read original story ...)
Hong Kong company directors’ share buying rises for a second week
Buying among company directors rose while the selling fell for the second straight week, based on filings on the Hong Kong stock exchange in the last week of September. A total of 51 companies recorded 314 purchases worth HK$480 million versus seven firms ... ( read original story ...)
‘World-leading’ electronic wallet system linking Hong Kong banks to be launched next year
QFPay Overseas, a mobile payment start-up which has rolled out Alipay and WeChat Pay at 3,000 sales terminals across Hong Kong, welcomed the decision. Co-founder Will Leung admitted e-wallet services were slow to gain a foothold in Hong Kong, despite the ... ( read original story ...)
Hong Kong needs to show what makes it unique to boost mainland visitor numbers, says Ctrip chief
Hong Kong must trumpet what makes it unique, and find new ways of luring in mainland tourists, the boss of China’s largest travel booking website said, warning that they are increasingly choosing overseas countries instead. As the mainland’s eight-day ... ( read original story ...)
HSBC takes tech route to end trade paper trail
Come 10.30am workers at HSBC’s suburban Hong Kong offices are to be found processing a freshly-delivered document deluge: prying out staples, tallying copies and endlessly slotting them into files. Forget fintech — this corner of banking in one of the ... ( read original story ...)
Hong Kong Apartment Sets Asia Price Record Amid Government Curbs
Hong Kong home prices hit all-time highs this year ... The local monetary authority in the same month introduced fresh curbs on second-home mortgages as well as borrowers whose income is derived mainly from overseas sources. The recently sold home was ... ( read original story ...)
13,000 buyers swamp Tseung Kwan O property project for just 400 flats, despite Hong Kong official warning about market
“Judging from Hong Kong’s history and property markets around the world ... He would not rule out another round of tightening measures on property mortgage loans, as he said there were no signs of a downward cycle in the market at the moment. ( read original story ...)