Financial Services
Hong Kong to host another blockbuster IPO with China Tower's flotation
Hong Kong to host another blockbuster IPO with China Tower's flotation
The mega offering comes recently after Xiaomi’s recent public debut.
Fintech loan platform pushes to be Hong Kong's first licensed virtual bank
WeLab is backed by financial heavyweights like Alibaba and IFC.
Government eyes $36,000 tax break to incentivise retirement saving
It would apply to residents who voluntarily top up their MPF account.
US biotech firm mulls Hong Kong IPO following bourse reform
Stealth BioTherapeutics is reportedly seeking around $200m for its public debut.
Central bank paves way for fintech application in lending
Instead of collecting income proof assessing creditworthiness, banks may use big data and other fintech.
Loan growth extends climb after rising 15% in March
This represents the fourteenth consecutive month of double-digit annual growth.
Ping An widely anticipated debut fails to live up to the hype
The company plummeted by as much as 11% to trade below the low end of the range.
Bank disclosure amendments gazetted
It aims to enhance transparency requirements in compliance with Basel standards.
Government surplus hits $148.9b as of end-March
Thanks to high profits tax, stamp duties and land premiums.
Is the end near for Hong Kong's red hot property market?
A looming prime rate hike is set to dampen housing demand.
IPO boom buoys short-lived HKD rally
Once the fund raising dies down, the HKD will plunge again and prompt HKMA intervention.
Tax revenue up 13% to $328.6b for 2017-18 amidst higher stamp duty receipts
The number of property transactions rose alongside prices.
Xiaomi debuts in Hong Kong for world's biggest IPO since 2014
Its flotation may be the biggest since Alibaba’s $25b listing.
Loans up 3.6% in Q1 amidst intensified construction activities
On a monthly basis, loans for use also inched up 1.2% in March.
Hong Kong margin loans balloon nine-fold to $26.3b in 2017
The regulator has expressed concern about the risks associated with rising bad loans.
Hong Kong banks lift time-deposit rates amidst expected rate hikes
Standard Chartered and ICBC raised time-deposit rates to more than 2%.
Blockbuster IPOs set to trigger cash crunch
A cash crunch looms as Xiaomi moves for a public debut which could push Hibor rates.
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