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 ...)
Beigene goes big, files for $1B IPO on HKEX; others look to follow
HONG KONG – Chinese biopharmaceutical firm Beigene Ltd. filed with the Hong Kong Stock Exchange (HKEX) for a monster IPO that could raise more than $1 billion. It is the second biotech firm to seek an ... ( read original story ...)