Financial Services
Hua Medicine targets IPO amidst wider market access for biotech firms
The deal for the Shanghai-based diabetes drug developer could raise as much $300m.
Hua Medicine targets IPO amidst wider market access for biotech firms
The deal for the Shanghai-based diabetes drug developer could raise as much $300m.
Hong Kong amongst economies most vulnerable to banking crisis
The Asian financial centre has one of the worst credit-to-GDP gaps globally.
Chinese fashion retailer GXG mulls $300m Hong Kong IPO
The brand is backed by Louis Vuitton’s private equity firm L Catterton Asia.
Dollar depreciation may trigger slowdown in housing market
The ratio of HIBOR-linked new mortgage loans on floating rates has dipped to 86.2% in January.
HKMA may offer extra Exchange Fund Bills to halt dollar decline
The currency plummeted to a thirty-year low at $7.83 level on Tuesday.
Mercedez-Benz dealer mulls $800m Hong Kong relisting
Lei Shing Hong reportedly plans to list in the second half of the year.
Hong Kongers prefer mobile wallets despite glitches over call centres and OTC banking
They welcome the convenience and all-day accessibility of digital alternatives.
Slashed tax duties but no cash handouts for Hong Kong despite staggering surplus
The budget address disappointed residents waiting for a repeat of the 2011 handout scheme.
Hong Kong loans grew 16% in 2017 amidst soaring property prices
It posts one of the largest loan growth in Asia, easily beating Singapore, Thailand, Indonesia and Malaysia.
Hong Kong inks fintech cooperation with Switzerland
It lays out a bilateral mechanism for companies entering one another’s markets.
Hong Kong bosses prefer to upskill than hire to combat market disruption
31% aim to leverage the expertise of other businesses by partnering with digital agencies.
Hang Seng Bank rolls out mobile security key to enhance e-banking services
It will replace the need for a physical security device.
3 in 5 executives laud government fintech initiatives
They belive it is key to maintain Hong Kong's financial dominance.
Prime rates will not immediately rise after Fed hike: OCBC
Banks have enough money to delay its implementation.
How will amendments to China's tax treaty benefits impact listed companies?
Companies might want to restructure to take advantage of the guidelines.
Government willing to spend fiscal reserves on education
Even if it means going beyond the $5b additional funding, said CE Lam.
How will the amendments on OFC tax exemption address industry concerns?
It remains vague on issues other than ring-fencing and tax leakage.