China's Bank of Communications Co Ltd, the country's sixth-largest lender by assets, reported on Friday a 15.1per cent increase in first-half net profit as the economy recovered from the COVID-19 ... ( read original story ...)
SenseTime, artificial intelligence platform founded by CUHK professors, files to raise at least US$2 billion in Hong Kong IPO
SenseTime Group , China’s largest artificial intelligence (AI) company, filed to go public in Hong Kong on Friday in one of the biggest technology offerings since Beijing cracked down on the country’s ... ( read original story ...)
Daily Memo: Incumbent, New Entrant Will Tap Into Hong Kong’s Low-Cost Demand
Cathay Pacific plans to grow its HK Express LCC subsidiary, while startup Greater Bay... Daily Memo: Incumbent, New Entrant Will Tap Into Hong Kong’s Low-Cost Demand is published in Aviation ... ( read original story ...)
Men, not women, drive luxury goods sales in China
Contrary to popular perception, men - not women - make up the bulk of consumers buying luxury goods in China. From Giorgio Armani clothes to Gucci handbags and Rolex watches, Chinese men have been ... ( read original story ...)
Hong Kong reports 17 new imported COVID-19 cases
Hong Kong Center for Health Protection CHP reported 17 new imported cases of COVID-19 Friday taking the total tally to 12094 ... ( read original story ...)
Covid-19 Quarantine Rules Threaten Hong Kong’s Role as Finance Hub, Businesses Say
Determined to keep cases near zero, city requires arrivals from about two dozen countries, including the U.S., to isolate in a hotel for three weeks. ( read original story ...)
Indonesia’s J&T Express Eyes Shifting IPO From U.S. to Hong Kong
J&T Express, an Indonesian courier company, is considering shifting its planned U.S. initial public offering to Hong Kong in a debut that could raise about $1 billion, according to people familiar ... ( read original story ...)
Lawyers Move to Calm Fears Following China Probe That Halted Over 40 IPOs
On Monday, a regulatory probe by the China Securities Regulatory Commission (CSRC) into one Chinese law firm and three brokers froze over 40 IPO plans in Shenzhen and Shanghai. Now, lawyers on the ... ( read original story ...)
Hong Kong Sports Institute’s proposed HK$986.6 million expansion clears first hurdle with strong support from lawmakers
Members of legislature’s home affairs panel back proposal for new facilities, with plan brought forward after city’s Olympic success in Tokyo. ( read original story ...)
Hong Kong stocks head for weekly gain on tech bounce as traders seek Fed guidance on tapering
Hong Kong stocks advance before earnings reports from BYD and Meituan while traders turn to Fed officials for guidance on potential pullback in monetary stimulus. ( read original story ...)
Hong Kong protests: computer technician gets more than 3 years in jail for role in riot where gate of government offices was set on fire
A computer technician who was among a group of protesters that set fire to the gate of a government office during a demonstration in 2019 has been jailed for more than three years for rioting. Cheng ... ( read original story ...)
Hong Kong police arrest 9 in crackdown on bookmaking, money-laundering syndicate that moved HK$30 million in 10 months
Six of those arrested on Thursday were said to have opened virtual bank accounts used to store cash from gamblers lured via social media. ( read original story ...)
Hong Kong home prices approach all-time high as analysts see headwinds toward year-end
Prices of lived-in homes should break an all-time high last seen in May 2019 even as property analysts see challenges from stock market swoon and emigration. ( read original story ...)
Top Glove, world’s biggest rubber glove maker, to reapply for Hong Kong listing after US ban over forced labour derailed previous attempt
World’s biggest rubber glove maker says it will refile its lapsed application, after an earlier attempt to raise as much as US$1.9 billion was delayed by a US ban on its products amid allegations of ... ( read original story ...)