Hong Kong’s vast lead over Singapore as a listing venue appears unassailable, with even the Southeast Asian city’s home-grown companies heading north to raise funds, but the city state remains determined to improve its allure, according to bankers and analysts. IFBH, a Singapore-incorporated Thai firm that is the world’s second-largest bottler of coconut water, started…
A blistering recovery in Hong Kong’s initial public offering (IPO) market this year has delivered a bonanza for investors, with returns above 30 per cent bucking a sluggish economy and languid property market. Holding new shares from the 34 companies that have pulled off offerings in 2025 would generate an average return of 34 per…
Beijing’s top official overseeing Hong Kong affairs held a three-hour closed-door discussion with local tycoons and business leaders on the third day of his inspection trip to the city on Friday. Xia Baolong, director of the Hong Kong and Macau Affairs Office, also visited Ocean Park in the afternoon before taking a boat trip to…
Beijing’s top official overseeing Hong Kong affairs held a three-hour closed-door discussion with local tycoons and business leaders on the third day of his inspection trip to the city on Friday. Xia Baolong, director of the Hong Kong and Macau Affairs Office, also visited Ocean Park in the afternoon before taking a boat trip to…
Hong Kong pop diva and actress Karen Mok Man-wai bought a luxury unit in the Mid-Levels district for HK$85 million (US$10.8 million), as the city’s celebrities, tycoons and other wealthy investors continue to pick up plum properties that are selling for a song. According to the Land Registry, a 2,153 sq ft three-bedroom flat at…
When Yan Jun was looking around last year for a stock market to raise capital for his Beijing-based traffic-control software company, the engineer and chairman thought he was spoiled for choice. He could sell shares of his 10-year-old company AICT on one of the three mainland exchanges – Beijing, Shanghai and Shenzhen – that together…
Hong Kong Chief Executive John Lee Ka-chiu has started his official visit to Qatar, meeting the Gulf nation’s leader, prime minister and head of its sovereign wealth fund on Sunday. The government released photos of Lee meeting the Emir of Qatar, Sheikh Tamim bin Hamad Al Thani, and separately the prime minister and foreign affairs…
Hong Kong’s tax revenue increased by about 10 per cent in the past financial year, driven in part by an influx of talent and a boost in property transactions, authorities have said. Commissioner of Inland Revenue Benjamin Chan Sze-wai on Friday also predicted a 7 per cent rise in overall collections for the 2025-26 financial…
Hong Kong’s finance chief has revised the city’s deficit for the previous financial year to HK$80.3 billion (US$10.4 billion), 8 per cent lower than his original estimate, attributing the change to increased stamp duty income on stock trading and lower-than-expected departmental expenditure. Financial Secretary Paul Chan Mo-po on Wednesday also revealed that the government would…
E-commerce platform operator PDD Holdings and securities brokerage Futu Holdings are among 27 US-listed Chinese firms that could meet the listing requirements in Hong Kong, leaving at least 170 others at risk of being ejected from American stock exchanges, Goldman Sachs said. These 27 firms, which have a combined market capitalisation of US$191 billion, could…