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04.12.25 - 02:06
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Hong Kong′s investment body posts US$300 million income in first year (SCMP)
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The Hong Kong Investment Corporation (HKIC) earned HK$2.34 billion (US$300.7 million) in investment income last year, as the city's wholly owned investment vehicle made an impressive report after its first year of operation.
HKIC posted HK$2.25 billion in operating income for the year that ended on December 31, on HK$64 billion in total assets, while deploying less than one-fifth of its initial capital of HK$62 billion, according to a report on Thursday.
“HKIC is the patient capital investment......
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04.12.25 - 00:36
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Deloitte say Hong Kong primed as treasury hub for China′s go-global push (SCMP)
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Hong Kong can serve as a key treasury centre for mainland Chinese companies going global, helping them hedge foreign exchange risks and lower financing costs by leveraging the city's unique advantages, according to Deloitte China.
The assessment comes as the administration of Chief Executive John Lee Ka-chiu rolls out measures to tap into the growing trend of Chinese companies expanding their businesses and supply chains overseas amid intensifying competition and economic headwinds at......
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03.12.25 - 22:00
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Redefining Hong Kong as a Fashion Capital (SCMP)
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Bosco Law grew up surrounded by the colours and textures of Hong Kong's textile trade, an industry his family helped shape over half a century. Today, he represents a third generation of leadership at Lawsgroup as Deputy Chairman and Chief Executive, leading the company beyond its manufacturing origins, and into a successful diversified enterprise rooted in Hong Kong's local communities.
The company has evolved into one of Hong Kong's leading textile and fashion groups, with operations spanning......
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03.12.25 - 13:30
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Hong Kong insurers identify 8,700 policies owned by Tai Po fire victims (SCMP)
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About 30 Hong Kong-based insurance companies, including AIA and Manulife, have issued 7,600 life insurance and 1,100 property policies to policyholders listed as residing at Wang Fuk Court, according to the Insurance Authority.
Insurance Authority CEO Clement Cheung Wan-ching said the authority had set up a special task force, led by senior executives, to urge all insurers to identify policyholders affected by the blaze at Wang Fuk Court last week that killed 159 people, injured 79 and left an......
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03.12.25 - 03:48
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Hong Kong stocks stumble after 2 days of gains as investors await policy signals (SCMP)
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A rebound in Hong Kong stocks took a breather as investors awaited more clarity on policies from the world's key central banks and Beijing that would shape the outlook for markets next year.
The Hang Seng Index fell 0.7 per cent to 25,902.69 as of 10.11am local time. The Hang Seng Tech Index dropped 1 per cent.
On the mainland, the CSI 300 Index climbed 0.1 per cent and the Shanghai Composite Index retreated 0.2 per cent.
Alibaba Group Holding fell 1.5 per cent to HK$154.60 and Tencent Holdings......
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03.12.25 - 03:36
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China′s JD.com unit Jingdong Industrials aims for US$412 million Hong Kong IPO (SCMP)
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Jingdong Industrials, the supply-chain technology arm of JD.com, aims to raise as much as HK$3.21 billion (US$412 million) through a Hong Kong stock offering, joining a wave of Chinese mainland companies tapping into the city's buoyant capital market.
The company said it would offer 211.21 million shares priced between HK$12.70 and HK$15.50 in its primary offering, with the final offer price to be determined on December 10, according to a filing with the Hong Kong stock exchange on......
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03.12.25 - 00:36
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From chips to noodles: the newcomers testing Hong Kong′s buoyant IPO market (SCMP)
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Hong Kong's booming fundraising market is set for another busy week, with four companies scheduled to debut this week and a string of billion-dollar listings – including Chinese luxury electric vehicle maker Avatr Technology – lining up behind them.
Among this week's newcomers, chip materials supplier Guangdong Tianyu Semiconductor plans to raise the highest sum, seeking up to HK$1.74 billion (US$223.42 million) from the sale of 30.07 million shares.
The shares have been priced at HK$58 each.......
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