Hong Kong

Thriving IPO scene under threat as the Mainland eyes similar bourse reforms

China is reportedly mulling lower thresholds for biotech firms to list.

Total port cargo throughput down 0.7% to 65.7m tonnes in Q1

Tonnage of inward port cargo plunged in Singapore, Korea, Japan and Vietnam.

Sunny Optical stock rallies by a whopping 9,500%

The Mainland lens producer is now worth $22b.

How is the younger generation changing Hong Kong's consumer credit market?

The volume of unsecured products bought by Generation Z or consumers born 1995 or later ballooned by 63%.

Three out of five jobseekers hunt through mobile phones

Job applications should also be mobile friendly.

Xiaomi reportedly plans $3b Chinese Depository Receipts in mega IPO

It may raise 30% of shares in the Mainland and the rest in Hong Kong.

Property sales down 10.9% to $63.5b in May

Skyrocketing property prices may have finally dampened demand.

Communications Authority makes 5 GHz shared band available for faster Internet

This gives Hong Kong the status of being one of the first to adopt such advanced mobile tech.

Blockbuster IPOs buoy Hong Kong loans 17.1% in April

The city is hosting the back-to-back flotations of Xiaomi and China Tower.

Residents embrace shipping container homes amidst public housing holdup

Hong Kong's housing shortage has bred several creative residential solutions.

Hong Kong inks deal with Germany for cross-border securities regulation

It was signed by the Securities and Futures Commission and Bundesanstalt fur Finanzdienstleistungsaufsicht.

SFC slaps wealth management firm Noah Holdings with $5m fine

The company sold unsuitable investment products as a result of defective risk profiling questionnaires.

SFC slaps Hang Seng Bank's investment arm with $3m fine

The firm failed to comply with cash management guidelines involving SFC funds.

Retail sales up 12.3% to $39.5b in April as tourism strengthens

Tourist arrivals posted double digit growth after rising 11% in April.

Approved mortgage loans down 5.6% to $37.3b in April

However, the number of mortgage applications rose to 14,898.

Morris Cookies wins Made in Hong Kong Awards for Food

The company’s low-temperature baking method prevents harmful chemicals like Acrylamide from rising.