Hong Kong
US biotech firm seeking larger valuations rush to Hong Kong
US biotech firm seeking larger valuations rush to Hong Kong
Sorrento Therapeutics is one such firm hoping to cash in on the trend.
Manufacturing industrial production index up 1.1% in Q1
Output volume from food, beverages and tobacco industry rose 2.4%.
Swire Properties to reportedly sell Cityplaza Three and Four for $14b
The buyer is Hengli Investment Holding Group.
US tightening buoys banking profitability
Funding costs are expected to stay low, boosting NIMs.
IPOs surge 33% to US$725m in H1 2018
A total of 53 companies went public in the first half of the year.
Chinese medical tourists are exhausting local HPV cancer drug supply
An estimated 2m Chinese have come to Hong Kong to receive the shot in past two years.
One in five employers to hire staff in 3Q18
There is shortage of employees in healthcare, construction, and transport.
A fifth of employees are unhappy with their jobs
About one in three believe that they are not well-trained for the digital economy.
Shun Tak snaps two Singapore prime properties for $3.49b
The aggressive bidding is expected to push property prices in Singapore's Orchard Road.
Civil service workers to enjoy pay rise for 2018-19
Employees in the upper band and directorate will enjoy 4.06% higher wages.
Hong Kong trails behind Singapore in asset management business
The city managed US$31.8b in private wealth compared to Singapore's US$53.4b.
Weakening dollar is making Hong Kong cheaper for expats
Tokyo, Seoul and Shanghai have overtaken the city in cost of living rankings.
Xiaomi hit by $8.58b loss in Q1 ahead of blockbuster IPO
However, Xiaomi is still on track as smartphone shipments ballooned 88%.
Chinese restaurant review and delivery firm Meituan Dianping to file for $6b IPO in June
It was recently valued at US$30b, making it the world’s fourth most valuable startup.
Residential and transport projects dominate construction output in Q1
They accounted for $17.9b and $12.8b respectively.
Home prices up 14.9% in Q1 as Hong Kong leads global property price growth
Demand for small to medium sized units continue to strengthen.
Finance sector leads quarterly business receipts growth in Q1
Business receipts rose by almost a third at 28.7%.
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