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Xiaomi raises $36.88b in IPO
The company reportedly priced the sale of 2.18 billion shares at $17 each.
Xiaomi raises $36.88b in IPO
The company reportedly priced the sale of 2.18 billion shares at $17 each.
Hang Seng Bank to use fintech in credit risk assessment by Q4
Fintech and big data will be used to evaluate loan applications.
Banks' bad loan ratio improves to 0.52% in 2017
Maintaining credit quality is no problem for the city’s top lenders.
Approved mortgage loans up 14.4% to $42.6b in May
However, the number of mortgage applications fell to 14,491.
Home prices up for 26th straight month in May
Secondary-market residential prices rose 1.67%.
What can Hong Kong banks gain from turning away from BPOs?
Managed services may just be the way to add further value for banking customers.
Government unveils new initiatives to ease housing crunch
Homes under the HOS will now be based on a median monthly income of $39,500.
Tourism zooms into recovery after arrivals rose 8% to 4.95 million visitors in May
Visitors from the Mainland hit 3.82 million.
Government to launch Starter Homes pilot project on Ma Tau Wai Road
The venture redevelopment can provide 450 units.
Hong Kong Exchange cracks down on backdoor listings
HKEX is also targeting companies that remain listed but do very little business.
Vacancy tax may not dampen Hong Kong's runaway home prices
It will not trigger the expected price fall but will only slow the fast pace of growth.
Banks may lose $14.68m in net assets following HKFRS 9
Replacing the expected credit loss model is likely to shed off around 1% of net assets.
Nearly a fourth of bosses believe the Belt & Road Initiative would raise finance salaries
Several large-scale infra projects will drive up demand for such talent.
Hong Kong's blockbuster IPO year at risk from heating trade tensions
A liquidity crunch may force smaller firms to rake in less cash.
Banks' cost to income ratios improve despite larger digital investments
The figure dipped from 47.9% in 2016 to 42.5% in 2017.
Non-bank Chinese exposure of Hong Kong banks doubles to 15% in 2017
Fitch, however, warns against the associated risks of closer ties.
Exports up 15.9% to $351.4b in May
Trade volumes to Singapore and Malaysia surged 43%.
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