Hong Kong's last remaining stock market floor traders are taking their final orders as the exchange prepares to shut its trading hall. The bourse's operator, Hong Kong Exchanges and Clearing, said it will close the trading hall by the end of the month and ... ( read original story ...)
HONG KONG PRESS: News Headlines On Friday, October 20
HONG KONG (Oct 20) -- Here's a roundup of local news: *Sinochem taps banks for Hong Kong IPO of oil assets: sources China's Sinochem Group has tapped three banks, including Morgan Stanley, to work on the possible Hong Kong listing of its key oil assets, as ... ( read original story ...)
Severe Typhoon Hato hits Hong Kong
Thousands of people were evacuated Tuesday in parts of south China in preparation for the typhoon's arrival, the official Xinhua news agency said. In Hong Kong, the storm sent metres-high waves crashing into shorelines with flooding knee deep in some areas. ( read original story ...)
Hong Kong rebound is good news for Naspers
The rand was hovering under R13.60/$ on Friday morning after a roller-coaster ride during the night in which it oscillated between R13.5963/$ and R13.4757/$. The rand was at R13.58/$, R16.05/€ and R17.80/£ at 6.40pm. The JSE’s all share index, which ... ( read original story ...)
‘Disruption needs to take place in Hong Kong’: tourism industry veterans discuss how city can reinvent itself
Hong Kong needs authenticity, fresh blood, technology, Victoria Harbour and some “disruptions” to reinvent its flagging inbound tourism, according to industry veterans. To attract the growing demographic of millennial travellers who prefer cultural ... ( read original story ...)
Property tycoon Walter Kwok supports using land bank for affordable homes scheme to ease Hong Kong’s housing crunch
Hong Kong property tycoon Walter Kwok Ping-sheung on Friday became the fourth developer to support the government’s bid to get private developers to use some of their land for affordable housing for first-time buyers. However, Kwok, the chairman of ... ( read original story ...)
Hong Kong IPOs will fade further without exchange reforms
Three years ago, the Stock Exchange of Hong Kong lost the chance to host the record $25 billion initial public offering of Alibaba Group Holding because regulators would not allow the company's founders certain privileges they regarded as contrary to the ... ( read original story ...)
How a Few Hot IPOs Hit Hong Kong Stocks
Shuli Ren is a Bloomberg Gadfly columnist covering Asian markets. She previously wrote on markets for Barron's, following a career as an investment banker, and is a CFA charterholder. Volatility is returning to Hong Kong stocks. In normal times, hot IPOs ... ( read original story ...)
China-based coworking operator naked Hub sets sights on Hong Kong IPO
HONG KONG (Reuters) - Shanghai-based coworking space startup naked Hub said on Friday it plans to go public in Hong Kong after a fresh round of fundraising next year, potentially adding more Chinese “new economy” companies to the Asian financial hub ... ( read original story ...)
Sinochem Taps Banks For Hong Kong IPO Of Oil Assets
China’s Sinochem Group has tapped three banks, including Morgan Stanley (NYSE: MS), to work on the possible Hong Kong listing of its key oil assets, as it seeks to raise capital and revive the company, said four people with knowledge of the matter. ( read original story ...)
Sinochem taps banks for Hong Kong IPO of oil assets: sources
BEIJING/HONG KONG (Reuters) - China’s Sinochem Group has tapped three banks, including Morgan Stanley (MS.N), to work on the possible Hong Kong listing of its key oil assets, as it seeks to raise capital and revive the company, said four people with ... ( read original story ...)
How the Stalled Aramco IPO Could Hamper Hong Kong’s Dreams
As oil giant Saudi Arabian Oil Co.—better known as Aramco—rethinks plans for what was expected to be the world’s biggest ever initial public offering, it’s not only investment bankers and the big stock exchanges of New York and London that are ... ( read original story ...)
32 of Hong Kong’s hottest tech start-ups to watch in 2018
Hong Kong has always been about trade and in the 21st century a coterie of promising start-ups are keeping the tradition. Here’s just a few to sate your appetite. From Imperial China to the British Empire to the People’s Republic of China, the port ... ( read original story ...)
AIA Group’s new business climbs 20 percent helped by China, Hong Kong
(Reuters) - AIA Group Ltd (1299.HK), the world’s third-largest life insurer by market value, clocked a 20 percent increase in new business in the third quarter aided by strong sales in its main markets of China and Hong Kong. China and Hong Kong together ... ( read original story ...)