FWD Group has launched its long-anticipated initial public offering (IPO) in Hong Kong, as the pan-Asian insurer founded by local tycoon Richard Li Tzar-kai approaches the end of a four-year odyssey for capital that has taken it from New York back to his hometown. FWD plans to sell 91.34 million shares at HK$38 each, according
A person connected to veteran HSBC banker Peter Wong Tung-shun bought a luxury unit in Hong Kong’s Southern district for HK$125 million (US$15.9 million), as sentiment in the city’s property market improves gradually. Two connected units at the Parkview apartment complex in Tai Tam, with a total area of 4,616 sq ft, were sold for
The Hong Kong Palace Museum has signed an agreement with the custodian of Egyptian antiquities to host the city’s largest and longest-running exhibition of artefacts from the African nation, with 250 pieces on display from November. “Ancient Egypt Unveiled: Treasures from Egyptian Museums” will run for nine months starting from November 20 at the museum
A former Hong Kong protester has lodged a judicial challenge against prison authorities’ decision to bar him from studying law in the United Kingdom on national security grounds, even after he completed his prison sentence for offences committed during the 2019 anti-government unrest. To Kai-wa on Wednesday sought a judicial review after the Correctional Services
Hong Kong police have arrested eight people for allegedly making unauthorised stock transactions, manipulating the market and using phishing scams to swindle about HK$46 million (US$5.8 million) out of more than 130 victims based locally and overseas. Senior Superintendent Fanny Kung Hing-fun of the force’s commercial crime bureau said police had arrested seven men and
The Beijing-headquartered Asian Infrastructure Investment Bank will open an office in Hong Kong to enhance the multilateral development lender’s fundraising power and expand its global presence, the Post has learned from sources familiar with the matter. The new office would come as a publicity victory for Hong Kong as the city redoubles its efforts to
The Hong Kong Mortgage Corporation (HKMC), which has seen a surge in popularity for its retirement-related products, is exploring tie-ups with retirement homes in the Greater Bay Area to support residents planning to retire in the region. Executives of HKMC, which is owned by the Hong Kong government, visited the Greater Bay Area cities of
Hong Kong’s government released its second major policy statement on digital assets, underlining its pledge to set the region up as a global hub for the industry and saying it plans to establish a regulatory regime that puts risk management and investor protection center stage. The framework will be overseen by the Securities and Futures
