Hong Kong and mainland stocks fell at the start of morning trading on Wednesday as technology giant Tencent took a pounding and tensions around North Korea intensified. The Hang Seng Index opened down 0.38 per cent, or 96.69 points, at 25,293.32 ... ( read original story ...)
HK govt to start national education in schools
Members of the Hong Kong Academy of School Managers attend a lecture on China's space exploration ahead of the 20th anniversary of Hong Kong's return. More than 600 students listened to the lecture held at the Fukien Secondary School Affiliated School. ( read original story ...)
Roar or whimper? Sir Richard Branson launches Virgin Australia’s inaugural flight to Hong Kong with a traditional dance inside a DRAGON costume
Sir Richard Branson launched Virgin Australia's inaugural flights to Hong Kong on Wednesday, marking the start of the airline's expansion into Greater China. The airline's inaugural flight departed at 9.40am after much fanfare at Melbourne International ... ( read original story ...)
Hong Kong’s RQFII quota increased to 500b yuan
China’s state council has approved the increase of Hong Kong’s renminbi qualified foreign institutional investor (RQFII) quota to 500 billion yuan (US$73.6 billion), according to an announcement posted on the People’s Bank of China website on Tuesday. ( read original story ...)
Hong Kong property owners net record high offer of HK$15,383 per sq ft for redevelopment projects
Hong Kong’s Urban Renewal Authority announced on Monday the highest acquisition offer on record – of HK$15,383 per square foot – extended to property owners affected by three redevelopment projects in Kowloon. The offers are to be issued on Friday. ( read original story ...)
Here’s why Hong Kong’s new start-up board is like a casino in the Wild East
The decision by the HKEX to hold a reform consultation at the height of the worst stock market regulation crisis in Hong Kong since the exchange was suspended during the 1987 crash may be remembered as an act of spectacular folly. A mysterious stock price ... ( read original story ...)
Hong Kong stocks set to rise on Tuesday after gains on Wall Street
Financial stocks advanced in Hong Kong on Monday after the new Bond Connect programme opened mainland China’s bond market to global investors.The banking and brokerage sectors, the direct beneficiaries of the connect programme, rose 0.8 per cent and 0.5 ... ( read original story ...)
Football app start-up Ballr on the hunt for Hong Kong investors, as China set to be its key market
High-flying mobile gaming start-up Ballr is looking to raise up to US$20 million in new funding this year from Hong Kong investors, as its advertising-backed interactive football app taps into an ever-expanding fanbase across Asia-Pacific. Still only ... ( read original story ...)
Tencent’s online publisher files for Hong Kong IPO seen worth $800 million
HONG KONG China Literature Ltd, a Tencent Holdings Ltd unit and the country's largest online publishing and e-book company, has filed for a Hong Kong initial public offering that is expected to raise as much as $800 million. The deal is also boost for the ... ( read original story ...)
Hong Kong handover anniversary prompts concerns from Democratic Party founder
On the 20th anniversary of Hong Kong's handover from British to Chinese rule, the founder of one of the territory's biggest political parties has taken a swipe at Hong Kong's ruling elite. Hong Kong's new leader, Carrie Lam, was sworn in today by Chinese ... ( read original story ...)
Chinese money has changed the face of Hong Kong’s skyline
The Italian fashion house is just one of many top Western firms that have found themselves on the wrong end of Hong Kong's dizzying real estate boom. The price of commercial property in prime areas of the city has almost doubled since the U.K. handed it ... ( read original story ...)
Hong Kong stock market set to kick off second half of 2017 on a high
Hong Kong’s stock market is likely to start the second half of ... The rally in Wall street was partly due to the recent rebound in oil and bank stocks and a strong performance in the large-cap technology stocks despite a recent downturn. ( read original story ...)
HK property market less risky than 20 years ago: OKAY
Hong Kong’s property market has seen steep price appreciation over the past several years – with prices soaring an average of 60 percent in the last five years. Some industry players are worried that the market could be facing a situation similar to ... ( read original story ...)
Hong Kong shares inch up as financials gain on ‘Bond Connect’
July 3 Financial shares rose in Hong Kong on Monday, on the back of a new bond trading link between Hong Kong and China, but the overall market was largely flat as blue-chips generally underperformed and the service sector slipped. The Hang Seng index rose ... ( read original story ...)