Hong Kong
Hong Kong's first pre-profit biotech float Ascletis closes flat on debut
Hong Kong's first pre-profit biotech float Ascletis closes flat on debut
It sold 224 million shares with an IPO priced at the middle end.
Hong Kong beats US and UK as top destination for Chinese property capital
Transaction volume surged 155% to US$3.4b in April-June.
China Tower raises US$6.9b in another lacklustre debut
It sold 43.1 billion shares after pricing its IPO at the low end.
Retail sales hit double digit growth for fifth straight month in June
Sales rose 12% to $37.8b.
Tourist arrivals up 12.8% to 4.74m in June
Rising number of Mainland visitors offset softening tourism from rest of Asia.
Age matters: Nearly 9 in 10 employees prefer older managers
Workers believe managers treat colleagues from various ages differently.
Hong Kong trails behind Singapore in ease of bank account opening for non locals
Startups, SMEs and foreign nationals lament the inefficiency.
IPO loans boost bank lending by 0.9% in June
IPO loans were estimated at $15.3b.
Will rents take charge of Hong Kong's property market as home prices slow?
Developers are switching unsold luxury flats from the sales to leasing market to escape the claws of vacancy tax.
Approved mortgage loans down 4.8% to $40.6b in June
However, the number of applications continued to rise to 14,579.
Home prices up for 27th consecutive month in June but growth slows
A secondary-market home price index rose 1.644% in June.
Rents for posh apartments slow to 1% in Q2
A number of job losses freed up home stock.
Hong Kong's asset and wealth management business hit $24.27t in 2017
The private banking unit and fund advisory business performed strongly.
Trade tensions could slash H2 commercial and industrial property deals by 12%
Mid-range industrial units worth $10m to $10m are likely casualties.
Cancer drug developer seeks $7b in secondary Hong Kong listing
BeiGene is offering 65.6 million shares at $94.9 to $111.6 apiece.
Citibank Hong Kong boosts API ecosystem with three new partnerships
Watsons, EGL Tours and Fortress will integrate Citi Pay with Points API into their platforms.
Over 60 applicants scramble for a Hong Kong virtual banking license
This includes Standard Chartered Bank and online loan platform WeLab.
Read Here
Advertise
Sign Up
Commentary
In the age of AI, creativity is the decisive advantage
Hong Kong cleared stablecoins for take-off. Getting them to work across Asia is the hard part
Why Hong Kong’s retail product reshuffle may favour large suppliers