Two of Hong Kong's largest initial public offerings of the year dropped on their first day of trade in the city on Thursday. ( read original story ...)
China EV maker Leapmotor shares to open down 14.5% in Hong Kong debut
Chinese electric vehicle (EV) maker Zhejiang Leapmotor Technology's shares are set to open at HK$41, down 14.5% from their offering price, in their first day of trading on the Hong Kong Stock Exchange ... ( read original story ...)
How Singapore and Hong Kong Stack Up as Financial Centers
Speculation that Hong Kong has been severely weakened by strict Covid policies and a shrinking workforce seemed to be reinforced by the latest Global Financial Centres Index, which showed Singapore ... ( read original story ...)
Los Angeles-Hong Kong business class fare reaches $13,000 after quarantine requirements dropped
Plane ticket prices to and from Hong Kong recently underwent a massive surge after the city announced it would finally ease its COVID-19 protocols for arriving tourists and returning residents. For ... ( read original story ...)
Hong Kong’s CK Asset to divest property assets for $2.65 bln
Hong Kong-based investment holding company CK Asset Holdings 1113.HK has agreed to divest property assets for HK$20.77 billion ($2.65 billion). CK Asset said on Wednesday its subsidiary would sell ... ( read original story ...)
Hong Kong’s November financial summit gets the endorsement of global bankers, HKMA’s Yue says
Thirty CEOs of banks including Goldman Sachs, HSBC, Standard Chartered and UBS will attend the Global Financial Leaders' Forum on November 1 and 2 Blackstone's president Jonathan Gray, Goldman's ... ( read original story ...)
Hong Kong sees massive travel surge after lifting hotel quarantine protocol
Plane ticket prices to and from Hong Kong recently underwent a massive surge after the city announced it would finally ease its COVID-19 protocols for arriving tourists and returning residents. For ... ( read original story ...)
Hong Kong’s subdivided flats: depression, cockroaches, rats and shame add up to misery for people in subdivided flats
Poor living conditions take a toll on physical, mental health of 220,000 sharing the city’s smallest living spaces with many others. ( read original story ...)
CALB Raises $1.3 Billion in Hong Kong IPO Priced at Bottom
CALB Co., a Chinese battery supplier for electric vehicle makers, has raised about HK$10.1 billion ($1.3 billion) after pricing its Hong Kong initial public offering at the bottom of its marketed ... ( read original story ...)
Hong Kong defends currency peg amid outflow of capital chasing US dollar assets
Ten major lenders - including the three note-issuing banks HSBC, Standard Chartered, and Bank of China (Hong Kong) - only increased their best lending rates last Friday or this week by 12.5 basis ... ( read original story ...)
Hong Kong’s Hang Seng slumps more than 3%, leading sharp falls in Asia session
Hong Kong stocks led sharp losses in Asia-Pacific markets after the S&P 500 set a new 2022 low overnight on Wall Street. The offshore and onshore Chinese yuan reached weakest levels since 2008 and the ... ( read original story ...)
StartmeupHK Festival showcases Hong Kong and Greater Bay Area’s thriving start-up scene – and its potential in the metaverse
The annual conference, presented by InvestHK, drew business leaders, entrepreneurs and investors to a range of events that covered tech developments in the metaverse, healthcare, real estate and ... ( read original story ...)
Hong Kong stocks extend losses as Alibaba, Tencent retreat, currency slump adds to sell-off pressure
Stocks continue a slide towards the lowest level in more than 11 years. The offshore yuan trades at a record low while the HKMA intervenes to support the Hong Kong dollar peg. ( read original story ...)
Ancient Chinese art, porcelain and furniture from late Hong Kong tycoon’s private collection to open for public viewing and auction
Four hundred pieces from property magnate Joseph Hotung’s Chinese art collection, much of which was only ever privately displayed, will open for viewing and sale in Hong Kong in October. ( read original story ...)