Investment NewsChina Datang Corp. sold 2.14 billion shares at HK$2.33 apiece, after offering them in the range of HK$2.33 to HK$3.18, according to employees who asked to remain anonymous before the official announcement. China Datang Corp. Renewable Power Co. raised the minimum $643 million sought in a Hong Kong IPO. Its rival, Huaneng Renewables Corp. called off its sale, worrying that the Chinese economy will slow down
Deloitte’s trackingAlso Awarded Best of Financial Applications Award in HONG KONG, to AsiaPay Limited. AsiaPay is a leading electronic payment service, solution and technology provider in Asia. This award rewards the efforts of the quickest-growing Asian technology companies. The CEO of AsiaPay, Mr. Joseph Chan, said “This award shows recognition of AsiaPay’s effort in the ePayment technology space and its ability to continue solid, fast business and revenue growth in the market. We will continue to expand dynamically across...
Asia’s property markets are set for a continuous slow tightening of regulations in coming months as authorities try to slow down rising home prices without causing a crash. Last week Hong Kong announced its fifth implementation of regulations this year as it attempts to reduce property speculation. China, Taiwan, Malaysia, Thailand and Singapore have also implemented more stringent regulations in recent months. But investors’ interest in property continues to grow and prices continue to rise. That will likely lead...
Hong Kong strengthened a yearlong effort to prevent increases in home prices through additional taxes and larger down payments. This came one day after the International Monetary Fund warned that asset inflation may damage Hong Kong’s economy. Financial Secretary, John Tsang, said that homes sold within a half a year of purchase will have to pay a 15 percent duty stamp after Nov. 20. The required down payments for houses costing HK$12 million ($1.5 million) or more will increase...
On Thursday France and Hong Kong (China) signed a tax cooperation agreement. This agreement will promote exchanges of investment, know-how and technology between the two parties, said John Tsang the Hong Kong Secretary of Finance during a speech at a working lunch. According to the French Ministry of Economics, the agreement is the result of ten years of negotiations. He added that France could obtain information necessary for the implementation of tax legislation in Hong Kong. In contrast, Hong...
James Donovan used to be an investment banker in the same vein as a Goldman Sachs Partner or Citi Bank fund manager. But that was 25 years ago. Now James Donovan heads up one of the biggest clean tech investment firms in the world called FirstCarbon Solutions. Under the guidance of James Donovan FirstCarbon Solutions partners with its clients to figure out what their business challenges are. They offer recommendations and implement carbon-management solutions that make business sense today....
Led by Adam Roseman, ARC China is considered one of the most exciting young investment companies in Southern California today. As the founder and CEO of ARC China, he has, since 2005, facilitated investment of over 150 million dollars into various sustainability projects in third world nations. Not only was Adam Roseman one of the first investors to actively put investment capital into China and Hong Kong, he uses a proven on-the-ground active investment strategy to promote investment in...
