Markets & Investing
14 HK firms gain approval to join GBA wealth scheme
They can now offer cross-boundary investment services to GBA investors.
HK Acquisition Corporation completes De-SPAC transaction with Synagistics
The SPAC will then be named Synagistics Limited.
InvestHK has helped 59 fintech firms expand in Hong Kong
As of August, it has assisted 59 companies from 12 economies.
Horizon Robotics raises $5.41b in Hong Kong IPO
The company priced 1,355,106,600 shares at $3.99 each.
Gen Z investors in Hong Kong favour AI and new energy sectors
Older investors lean toward utilities.
9 in 10 are aware of alternative investments
Real estate and cryptocurrency are the leading investment forms.
Hong Kong rises to ninth in global cities ranking
It moved one rank higher.
Investment volume for 2024 to likely match $40b in 2023: CBRE
Local buyers like family offices and high-net-worth individuals are the key purchasers.
2024 Policy Address: Expanded immigration scheme to have limited impact on residential market
The measure, however, will have an "immediate" impact on luxury residential sales.
2024 Policy Address: HK expands investment scheme to include residential property assets
The assets must be valued at over $50m.
Hang Seng indexes to include Alibaba-W
This move further enhances mainland Chinese investors' access to its shares.
Several Hang Seng indexes are set to include Alibaba Group's secondary...
New deal boosts Hong Kong firms' entry into Mainland service sectors
The agreement will take effect on 1 March 2025.
Sustainability investing gaining momentum amongst Hong Kong investors
28% of Hong Kong investors have already invested in sustainable products.
HKMC profit falls to $9m in 1H 2023
It is due to a decrease in property prices affecting the reverse mortgage business.
ESR Group privatisation bid gains Qatar sovereign wealth fund’s backing
The wealth fund’s owned company holds 127.3 million shares in the ESR Group.
Hong Kong hits lowest maiden listing volume since Q1 2023
In Q3, the market only raised US$886m.
Commentary
Progressive rating system to impact mid-to-luxury residential properties in Hong Kong