Hong Kong
Has China Tower lured Alibaba and Hillhouse Capital to its mega IPO?
Reports claim they are investing around US$500m in the firm.
Mercedes-Benz unveils city's largest car showroom in Chai Wan
The Mercedez-Benz Brand Centre on Hong Kong Island features over 20 display cars.
Developers slash unsold home prices as vacancy tax kicks in
Paliburg Holdings and Regal International started offering discounts on vacant units.
Exports weather through trade woes after rising 12.9% in May
Trade to the Mainland and Japan registered double-digit growth.
15 building plans approved in May
Apartment developments dominated last month’s construction plans.
Unemployment rate flat at 2.8% in April-June
This translates to 112,400 unemployed persons.
Hong Kong launches Open API framework for banks
The central bank hopes that lenders start deploying open APIs within six months.
Hong Kong to establish Academy of Finance by 2019
HKMA hopes it can serve as a hub for monetary and financial research.
HKEX and Chinese stock exchanges reach agreement to include WVR companies
A joint working group will be established to achieve this goal.
Public housing rents to climb 10% by September
The surge comes after a report suggested that higher incomes can support steeper rents.
China Tower eyes US$8.8b in IPO that would put Xiaomi to shame
Xiaomi only raised US$5.4b in its earlier listing.
Check out Standard Chartered's new Kwun Tong hub
The eXellerator houses a usability testing lab to try out emerging technologies.
No bridezillas with wedding portal Hitchbird
It plays matchmaker to couples looking for wedding venues and vendors across Asia.
Mainland-based Ascletis Pharma launches IPO in Hong Kong's first pre-profit biotech listing
The firm is selling 224.1 million shares at $12 to $16 apiece.
Hong Kong's sickly public healthcare system reaches breaking point
Despite accounting for 90% of the city’s patients, public hospitals only employ 40% of the SAR’s doctors.
Hong Kong to launch blockchain-powered trade finance platform in September
This involves the participation of the central bank and seven other lenders.
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