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Tencent-backed Maoyan Trades Lower in Hong Kong Stock Debut By Investing.com

© Reuters. Investing.com – Beijing-based movie ticketing app Maoyan Entertainment traded lower in its Hong Kong debut stock on Monday. Shares in Maoyan fell as much as 3% earlier in the day, after opening near flat at HK$14.82. Chinese internet giant Tencent Holdings Ltd (HK:) is Maoyan’s second-largest shareholder, owning …

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Tencent-Backed Maoyan opens broadly flat on Hong Kong debut By Reuters

© Reuters. FILE PHOTO: Sign of Maoyan Entertainment is seen at a news conference during the Shanghai International Film Festival in Shangha By Julia Fioretti HONG KONG (Reuters) – Maoyan Entertainment, China’s top movie-ticketing platform by sales and backed by Tencent, opened near-flat at HK$14.82 ($1.89) on its Hong Kong …

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Thousands march in Hong Kong against China ‘repression’

Thousands of demonstrators marched in Hong Kong on Tuesday to demand full democracy, fundamental rights, and even independence from China in the face of what many see as a marked clampdown by the Communist Party on local freedoms. Over the past year, countries such as the United States and Britain …

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Hong Kong stocks stuck between a ‘rock and a hard place’ for 2019

Hong Kong stocks are closing out a rough year and the outlook for 2019 remains largely negative, according to analysts and investors. Headwinds from a weakening economy in China, the Beijing-Washington trade war, concerns about signs of emerging U.S. weakness and an expected slowdown in local initial public offerings after …

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Hong Kong home prices are expected to fall

Investment bank Nomura in a report earlier this month said that banks have started raising mortgage interest rates and noted that during the past two rounds of such increases since 2008 property prices dropped by five percent and 13 percent, respectively. Higher rates make it harder for homeowners to pay …

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Digital payment firms fight for Hong Kong market By Reuters

© Reuters. FILE PHOTO: Signs accepting WeChat Pay and AliPay are displayed at a shop in Singapore By Alun John HONG KONG (Reuters) – Hong Kong’s shopping districts are well known for their fierce competition. Now, a new battleground is forming as digital payments firms fight for retailers and shoppers. …

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Chinese education stocks in Hong Kong hit by regulatory concerns

Stock prices in Chinese education companies listed in Hong Kong have come under pressure after the central government issued a draft proposal that would tighten regulations. Shares in a number of the companies plunged on Monday, with some closing nearly 40 percent lower, though they began clawing back some of …

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