The following is issued on behalf of the Hong Kong Monetary Authority: The Hong Kong Monetary Authority announced the results of the residential mortgage survey for September 2017. The number of mortgage applications in September increased month-on-month ... ( read original story ...)
China brings anthem disrespect laws to Hong Kong
Hong Kong residents who boo the Chinese national anthem might soon face up to three years in prison. China's parliament, the National People's Congress, is extending a law on disrespecting the anthem to semi-autonomous Hong Kong and Macau. Hong Kong's ... ( read original story ...)
China extends national anthem ‘disrespect’ law to Hong Kong
The National Anthem Law, which went into effect on Oct. 1, has now been included in an annex of Hong Kong's Basic Law, or mini constitution, state news agency Xinhua said. It will also be included in an annex of Macau's Basic Law, Xinhua reported. ( read original story ...)
Hong Kong tech IPO bonanza a mixed blessing as Coach, Glencore head for the exit
A series of successful recent initial public offerings suggests Hong Kong’s stock exchange may be turning into a listing hub for technology firms. But the transformation is something of a mixed blessing as two large international companies with a ... ( read original story ...)
A 9,000 square foot house just sold for $150M in Hong Kong
A luxurious four-bedroom house in Hong Kong has been sold for USD $148.7 million, which the main developer said is the most paid for a home in one of its projects this year. The price per square foot was USD $1,625, a spokeswoman for Wheelock Properties ... ( read original story ...)
China’s Shandong Trust gets Hong Kong IPO approval -IFR
HONG KONG, Nov 3 (Reuters) - Shandong International Trust has won approval from the Hong Kong stock exchange for its proposed $300 million listing - the first initial public offering by a mainland trust in more than two decades, IFR reported on Friday. ( read original story ...)
Hong Kong money market rates jump as c.bank soaks up cash
Nov 3 (Reuters) - Hong Kong's money market rates spiked this week to multi-year highs, reacting afresh to the central bank's efforts in the past few months to soak up excess cash, push rates closer to U.S. yields and put a floor under its currency. ( read original story ...)
Hong Kong finance chief Paul Chan defends business registration fee amid criticism from World Bank
The financial secretary has defended his decision earlier this year not to waive the annual business registration fee, even though the World Bank said it had weakened Hong Kong’s competitiveness. Paul Chan Mo-po said the HK$2,000 fee was of a “trivial ... ( read original story ...)
Hot AI Startup In Hong Kong Hits Unicorn Status And Shows The Way For More To Spring Up
The buzz in tech and venture circles in Hong Kong today is about the emergence of home-grown Hong Kong startups that have reached unicorn or $1 billion-plus status in financing. Their names are instantly recognizable in these circles: logistics service ... ( read original story ...)
BRIEF-BOC Hong Kong says acquisition of Cambodia business will take place on Nov 6
* Acquisition of Cambodia business will take place on nov 6 as agreed in cambodia asset purchase agreement Source text for Eikon: Further company coverage: Our Standards:The Thomson Reuters Trust Principles. ( read original story ...)
50-foot ‘coffin homes’ and an £87 million townhouse deal highlight the scale of inequality in Hong Kong
House prices in Hong Kong are among the highest in the world, but it's also one of the world's most unequal cities. Its poorest residents have been priced out of the property market: Hong Kong's poor residents have just 50 square feet of living space per ... ( read original story ...)
Financials led by StanChart and HSBC drag Hong Kong index lower
Hong Kong stocks fell for a third time in four days on Thursday, as traders sold financial companies to take profits from the best-performing sector this quarter after their earnings releases. The Hang Seng Index retreated 0.3 per cent, or 75.42 points, to ... ( read original story ...)
HKSTP’s Elevator Pitch Competition Attracts Keen Global Interest Showcasing Hong Kong’s Rising Profile as a Start-up Hub
Strengthening Hong Kong's entrepreneurial spirit, 100 technology start-ups from around the world take a unique opportunity to meet potential investors HONG KONG, Nov. 3, 2017 /PRNewswire/ -- Hong Kong Science and Technology Parks Corporation (HKSTP) held ... ( read original story ...)
Games win puts focus on banks’ gay rights push in Hong Kong
Hong Kong’s selection to host the 2022 Gay Games puts the spotlight on calls by Goldman Sachs Group Inc., BlackRock Inc. and other financial institutions for the city government to make progress on gay rights or risk harming efforts to lure global talent. ( read original story ...)