From Hong Kong to Canada for APEC meetings this week, there is a surreal and improbable sense of - so different, but so sneakily similar. Take the front page story in Toronto’s Globe and Mail reporting that Canada’s Supreme Court had quashed a ... ( read original story ...)
Millennials are paying up to $3,400 per month to live in this Hong Kong ‘Skypark’ — take a look inside
In Hong Kong, Dutch architecture firm Concrete has designed a luxury complex for millennials with that co-living model in mind. Called Skypark, the building opened in March 2017. Residents rent traditional apartments, ranging from studios to two ... ( read original story ...)
Exclusive: Saudi Aramco advisers favor London for historic IPO – sources
Reuters reported in April that China is creating a consortium, including state-owned oil giants and banks and its sovereign wealth fund, to act as a "cornerstone" IPO investor. Slideshow (6 Images) As well as New York and London, Hong Kong, Singapore ... ( read original story ...)
ZhongAn aims for $10bn IPO valuation in HK
ZhongAn Online Property and Casualty Insurance Co is gunning for a valuation of up to $10bn in its Hong Kong IPO as bankers tout its China new economy credentials. The insurtech company hopes to raise $1bn-$1.5bn from its debut through sponsors Credit ... ( read original story ...)
Aramco advisers favour London for IPO amid US disclosure concerns
Reuters reported in April that China is creating a consortium, including state-owned oil giants and banks and its sovereign wealth fund, to act as a “cornerstone” IPO investor. As well as New York and London, Hong Kong, Singapore, Tokyo, Hong Kong and ... ( read original story ...)
Quick Take: China Orient On Course to Secure Pre-IPO Strategic Investors
Great Wall Asset Management Co. is also seeking up to eight strategic investors ahead of a planned IPO, Reuters reported earlier. China Huarong Asset Management Co. and China Cinda Asset Management Co. have already listed on the Hong Kong bourse. ( read original story ...)
Bankers ditch fat salaries to chase digital currency riches
He's off to a quick start, getting in on this year's largest sale: Tezos, a smart contracts platform that raised $US200 million to outstrip the average Hong Kong IPO size this year of around $US31 million. "Unlike the traditional financial sector ... ( read original story ...)
CK Hutchison : CKI Holdings, CK Property to buy energy management group
07/26 CK HUTCHISON: CKI Holdings Offers to Buy Ista at EUR4.5bn 07/26 DJ Hong Kong Exchange Denies IPO -- WSJ 07/25 CK HUTCHISON: HTHKH Unaudited Results for the Six Months Ended 30 June 2017 07/25 DJ IPO Backed by Morgan Stanley and One of Asia's Richest ... ( read original story ...)
Rising private debt, high property prices leave Hong Kong banks with negative Moody’s outlook
Mortgages now make up 51 per cent of property values on average in Hong Kong, reduced from 64 per cent in 2009 after eight rounds of tightening measures by the government. Meanwhile, the latest Citibank survey shows that 13 per cent of Hongkongers now ... ( read original story ...)
Arch capital group closes acquisition of AIG United Guaranty Insurance (Asia)
“Our dedicated professionals understand the unique requirements and challenges of the Hong Kong mortgage market and are committed to providing customers with the best possible service.” Rippert is responsible for Arch’s global mortgage insurance and ... ( read original story ...)
Lloyds stung £1bn by PPI and mortgage arrears errors
The mortgage redress scheme is understood to centre on the way ... Walkie Talkie building sold to Hong Kong firm for a record £1.3bn A Hong Kong firm has snapped up London's landmark Walkie Talkie skyscraper for a record £1.3bn. Jeff Bezos briefly ... ( read original story ...)
Fear of rising rates may have obscured the Bank of Canada’s good news story: Don Pittis
After moving into journalism, he was principal business reporter for Radio Television Hong Kong before the handover to China ... That includes people with mortgages. While he and Wilkins were careful to hedge their bets with the warning that perfect ... ( read original story ...)
Hong Kong firm beats Brexit blues with record City skycraper deal
LONDON: A Hong Kong firm struck a record deal for a London skyscraper ... Banks approved the lowest number of new home mortgages for nine months in June, according to data released this week by trade association UK Finance. Official data earlier this ... ( read original story ...)
Sniffing out the truth about the end of the Canadian real estate boom: Don Pittis
After moving into journalism, he was principal business reporter for Radio Television Hong Kong before the handover to China ... That would mean fewer mortgages for banks, fewer real estate fees for agents. Could the market fall further? ( read original story ...)