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24.08.26 - 08:00
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Fast-fashion giant Shein aims for $27bn valuation in Hong Kong market debut (The Guardian)
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Known for selling cheap clothing, the online retailer has seen its value drop sharply from earlier estimates amid scrutiny over its environmental footprintShein will debut on the Hong Kong stock exchange on 1 September, the fast-fashion retailer said on Monday, in a long-awaited listing that would value the group at close to $27bn.Founded in China and now headquartered in Singapore, the online retailer secured Beijing's approval last month to make its initial public offering in Hong Kong. Continue reading......
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24.08.26 - 04:24
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Building the Future: How BTRi Is Positioning Hong Kong as the Global Gateway for Construction Innovation (SCMP)
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[The content of this article has been produced by our advertising partner.]
Hong Kong is pursuing its most ambitious development agenda in a generation, led by the Northern Metropolis, with the backing of the Hong Kong's First Five-Year Plan which proactively aligns with the national development strategies in the National 15th Five-Year Plan. Yet delivering Hong Kong's development ambitions will require the industry to address long-standing challenges in productivity, cost-effectiveness, quality......
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24.08.26 - 03:30
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Shein seeks to raise up to US$1.76 billion in Hong Kong initial public offering (SCMP)
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Fast-fashion retailer Shein Global Holdings is seeking to raise as much as HK$13.85 billion (US$1.76 billion) in a Hong Kong initial public offering (IPO) that was initially planned four years ago.
Shein will sell 279 million shares at HK$47.6 to HK$49.5 each, according to a filing to the city's stock exchange on Monday.
Shein began taking investor orders on Monday, with trading expected to start on September 1.
Cornerstone investors – who will get guaranteed allocations in exchange for holding......
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24.08.26 - 02:06
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Yuan, Hong Kong dollar bonds surge as issuers seek cheaper funding amid rising US costs (SCMP)
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Hong Kong and mainland China are set to see continued growth in bond issuance denominated in Hong Kong dollars or the yuan through the rest of the year, as issuers reduce their reliance on US dollar-denominated bonds and seek cheaper funding costs, according to a senior executive at Standard Chartered Bank.
“As US dollar funding costs have increased, many bond issuers” have been turning to bonds denominated in other currencies to secure lower borrowing costs, said David Yim Sau-king, head of......
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24.08.26 - 01:06
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Hong Kong homebuyers snap up units at The Sterling as value-focused demand deepens (SCMP)
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Hong Kong homebuyers are still willing to spend, and the sell-out of a major new development on Saturday showed how demand is increasingly concentrated in projects that offer clear value as the housing recovery enters a more mature phase.
China Resources Land's The Sterling in southwestern Kowloon, in Cheung Sha Wan, sold all 180 units offered in its first price-list batch, generating nearly HK$1.6 billion (US$204 million). The project received more than 46,000 subscriptions, or more than 254......
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23.08.26 - 10:00
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′Huge influx′: expat retirees projected to drive Hong Kong′s premium home demand (SCMP)
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Hong Kong is tipped to see more luxury home sales with expatriates increasingly choosing the city as their retirement base, drawn to its low-tax environment as well as business opportunities, according to analysts.
“A huge influx of expats who used to live in Hong Kong are moving back with a long-term view to retirement,” said Victoria Allan, founder and CEO of Habitat Property.
“Many expats who previously would have left to retire are staying and purchasing [property] for the first......
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