Hong Kong
Government caps import and export declaration charge at $200
Government caps import and export declaration charge at $200
The move can save as much as $458m annually.
Xiaomi lays down terms for blockbuster IPO
The smartphone maker is said to offer 2.18 billion shares at $17 to $22 apiece.
Hong Kong wide open to a financial crisis over the next three years
Worsening credit-to-GDP gaps are putting the city in danger territory.
Half of exporters remain bullish despite trade tensions
They believe US-China trade tensions will have little to no impact on export activity.
Hang Seng Bank onboards SWIFT platform for faster cross-border payments
Payments can be credited within minutes.
Hong Kong can expect at least 15 more blockbuster IPOs in second half of the year
Around 10 unicorns or startups valued over US$1b are expected to debut in the city.
Xiaomi reportedly lowers valuation after delaying Mainland offering
The likely valuation of the smartphone maker is now between US$55b to US$70b.
Unemployment flat at 2.8% in March-May
This translates to 112,300 unemployed persons.
Mobile to snap third of internet ad revenues by 2022
The segment is expected to bring in US$285m in four years time.
Banks to hike prime rates by end-June
Tighter liquidity from mega IPOs will leave lenders with no other option.
HKIA passenger volume hits 6.04m in May
The number of visitors from Japan and the Mainland surged.
Xiaomi to postpone Mainland share offering
The company may be aiming to complete its Hong Kong listing first.
Mainland lender Jiangxi Bank eyes $7.79b Hong Kong IPO
Citic Guoan Group and Dianrong are cornerstone investors.
Government launches Green Bond Grant Scheme
It subsidises green bond issuers in obtaining certification.
Hong Kong is the second largest offshore wealth center
It trails behind Switzerland after managing US$1.1t in offshore wealth.
Cyberattacks could cost Hong Kong nearly $250b annually
Mobile payment apps are expected to be the next high-value target.
Mainland online lender Lufax guns for US$2b fresh funding amidst IPO delay
It was originally planning to debut at the first half of 2018.
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