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Meituan Dianping raises US$4.2b in IPO priced at high end
Meituan Dianping raises US$4.2b in IPO priced at high end
The Chinese food review firm sold 480.27 million shares at $69 apiece.
Wealthtech firms poised to snap up to 10% of wealth manager assets
Robo-advisors are steadily luring the tech-savvy mass affluent.
Hong Kong is the world's third most attractive financial center as Asia outperforms weakening Europe
The SAR is set to pounce on London who’s been losing luster due to Brexit.
Housing correction of 15% possible in 2019
The world’s most expensive property market is finally slowing down.
Sport-related spending in 2017 outpaces that of US Open after hitting $2.1b
Over 700,000 in sporting tickets were sold last year.
Developers sweeten property packages in bid to dispose stock
One developer has included a high-speed rail holiday in its apartment package.
China's ultra rich set to boost Hong Kong wealth assets by 50% in 2023
HNWIs from the Mainland are edging out AuM from other APAC markets.
Hong Kong urged to double university research funding to $4b to maintain competitive edge
This is part of the pledge to increase R&D expenditure to GDP to 1.5% by 2022.
Residential projects dominated construction works in Q2
Its value rose by 8.1% to $18.5b.
URA to shell out $100m to compensate unauthorised Kwun Tong shopkeepers
This is part of the ongoing effort to redevelop Kwun Tong town centre.
Accommodation and retail sectors lead Q2 charge in business receipts
They booked double-digit growth at 16.5% and 12.4% respectively.
Hong Kong banks struggle to plug tech talent shortage
Engineers and developers are all in short supply.
Retailers scramble to cash in on bubble tea craze
Their strong sales volume have endeared them as the new darling of shopping malls.
Hong Kong mulls tighter curbs on foreign home purchases
Non-local buyers took up over 10% of total transactions in Q1.
Hong Kong opens doors to first unmanned shops
AlipayHK and Okashiland both unveiled stores on a trial basis.
Hong Kong dislodges New York as home to the largest ultra-rich population in the world
There are around 10,010 people in the SAR with a net worth of over $30m in 2017.
Number of mortgage accounts up 7.6% to 532,000 in Q2
The number of mortgage inquiries also hit a three-year high.
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