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21.08.26 - 03:00
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Hong Kong financiers press for tax breaks after Singapore unveils rival scheme (SCMP)
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Hong Kong should press ahead with its proposed tax break on carried interest, the performance fees earned by hedge fund and private equity managers, after Singapore unveiled a rival tax-exemption scheme, according to industry participants.
The bill, submitted to lawmakers in June and expected to come to a vote later this year, has sparked debate in the financial industry. Some participants argue that the exemption is too narrow in scope, while others question the fairness of exempting......
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21.08.26 - 01:00
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Hong Kong buyers hunt for bargains in city′s battered noncore office market (SCMP)
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Hong Kong's noncore office market is still plagued by high vacancy rates and weak investor demand, but owner-occupiers are taking advantage of the downturn to buy up office space at steep discounts.
The latest example is the Estate Agents Authority (EAA), which agreed a deal earlier this month to buy an office at the OTB Building in Wan Chai for HK$70 million (US$8.93 million), according to Land Registry records.
The 7,343 sq ft unit was bought for HK$9,533 per square foot – below the......
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20.08.26 - 13:24
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Hong Kong Inflation Eases To 1.7% (AFX)
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HONG KONG (dpa-AFX) - Hong Kong's consumer price inflation moderated as expected in July to the lowest level in three months, data released by the Census and Statistics Department showed on Thursd......
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20.08.26 - 11:48
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Shein pushes back Hong Kong debut to September amid delayed investor orders: sources (SCMP)
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Fast-fashion retailer Shein Global Holdings has pushed back its Hong Kong market debut until September 1, after a small delay in taking investor orders for its initial public offering (IPO) at a reduced valuation, according to sources familiar with the matter.
Shein plans to introduce multiple cornerstone investors, though most positions will be taken up by existing shareholders, the sources told the South China Morning Post. Investment banks involved in the deal are also considering arranging......
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20.08.26 - 05:06
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Hong Kong sees opportune time for advancing IPO connect scheme: IPO queen Pamela Chung (SCMP)
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Hong Kong is seeing an opportune time to move forward with a so-called IPO connect scheme, according to Pamela Chung Kong-hung, Vistra's managing director and head of its IPO & Share Registry Services, who says the scheme would allow mainland investors access to initial public offerings (IPOs) in Hong Kong, enabling better price discovery and expanding the investor capital pool to better match the city's large IPO pipeline.
“The secondary market connect has been operating very stably without......
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20.08.26 - 01:42
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AIA first-half profit up 11%, driven by strong growth in Hong Kong and Asia sales (SCMP)
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AIA Group, Asia's largest independent publicly listed life insurance group, reported 11 per cent growth in first-half operating profit, driven by strong growth of Hong Kong and mainland China sales and expansion in Southeast Asian markets.
Operating profit after tax on a constant currency basis reached US$4.16 billion, with earnings per share rising to 39.95 US cents, according to a filing to the Hong Kong stock exchange on Thursday. The result exceeded the US$3.94 billion consensus estimate of......
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19.08.26 - 12:42
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Prudential Hong Kong expands headquarters amid Beijing′s intensified wealth oversight (SCMP)
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Prudential Hong Kong has agreed to lease headquarters space at Swire Properties' One Taikoo Place and One Island East, marking a notable expansion of its office footprint in the city, according to the developer.
Under the agreement, the insurer will occupy a total of 83,000 sq ft across the two buildings, “reinforcing the company's commitment to Hong Kong and Taikoo Place as its long-term headquarters”, said Swire Properties, one of Hong Kong's largest commercial developers and landlords, in a......
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