Chinese flock to crowd funding sites with home-grown flavour

Demohour chief Chang Yu has time on his side in extending the reach of crowd funding on the mainland. His website has helped more than 2,000 projects. Photo: SCMP

Crowd funding might be a late bloomer in China, but it is taking on a different flavour from similar, well established services in the United States.

Wednesday, 12 March, 2014, 12:51am

Hitting the high road in HIV fight with Aids Walk 2013

Society for Aids Care chief executive Alice Chan (second from left) with other participants in Aids Walk 2013. Photo: Edward Wong

Patients and volunteers braved the wind and drizzle to take part in a charity walk on The Peak yesterday to raise funds for HIV and Aids sufferers.

22 Apr 2013 - 4:52am

Discovery Bay couple to run London Marathon for eye cancer trust

Former eye cancer sufferer Toby Wyatt with his parents Julian and Alison, who are running the London Marathon. Photo: Jonathan Wong

A Hong Kong couple will take part in the Virgin London Marathon to raise funds and awareness for the charity that helped them when their son was diagnosed with a rare eye cancer.

7 Apr 2013 - 6:47am

China Cosco could raise billions from divestments

China Cosco may raise as much as 27 billion yuan (HK$33.36 billion) selling assets to its parent. Photo: Bloomberg

China Cosco said this week that it plans to sell Cosco Logistics to state-backed parent company China Ocean Shipping. The unit may be valued at about seven billion yuan, the people said, asking not to be identified. 

14 Mar 2013 - 8:08am

Xinchen China on funding quest to ramp up output

Xinchen China Power, a manufacturer of light-duty petrol and diesel engines, plans to raise US$113 million through a Hong Kong initial public offering to expand its production capacity.

28 Feb 2013 - 5:02am

IPO by pawnshop chain designed to grow mortgage loans

Oi Wah provides cash in return for valuables such as gold, jewellery, watches and even properties. Photo: Felix Wong

Oi Wah Pawnshop Credit started its mortgage business in 2009, with mortgage loans surging to HK$67 million in November last year from HK$4 million in February 2010.

28 Feb 2013 - 5:02am

New board no quick fix for small firms

A lack of interest from investors and low transaction volume could undermine fundraising on the New Third Board. Photo: Xinhua

The mainland's attempt to expand the over-the-counter market through the so-called New Third Board is unlikely to satisfy small companies' fundraising needs, say analysts, but a market-making system would help boost transactions.

19 Feb 2013 - 4:58am

Crowdfunding gives city's worthy causes a chance

Lai Jing-man, show jumper

Hong Kong's entrepreneurs and creative types have a new way of getting funding for their projects. The recently launched website FringeBacker has brought the growing trend of crowdfunding, where individuals decide to contribute money towards a project, to Hong Kong.

3 Feb 2013 - 5:36am 1 comment

Sunac China fundraising plan pushes down stock

Sunac China Holdings share price (HK$)

Sunac China Holdings dropped more than 8 per cent yesterday after announcing a plan to sell shares to raise funds for development and working capital.

The shares fell 8.6 per cent, the largest loss in 15 months, to HK$6.57 yesterday before closing at HK$6.65, down 7.5 per cent.

23 Jan 2013 - 3:55am

Chinalco Mining plans to raise US$400m in Hong Kong

Chairman Xiong Weiping unveils the offering. Photo: Jonathan Wong

Chinalco Mining Corporation International, an overseas unit of aluminium major Chinalco, aims to raise US$400 million to fund the construction of its copper mine in Peru.

Chinalco is the parent of Hong Kong and Shanghai-listed Aluminum Corp of China. It also controls mainland miner and smelter Yunnan Copper Group as well as rare earth and coal mining assets.

18 Jan 2013 - 5:27am

ICBC fundraising worries investors

ICBC had a total capital adequacy ratio of 13.61 per cent at the end of September, exceeding the regulatory requirement. Photo: Bloomberg

The fundraising plans of Industrial and Commercial Bank of China (ICBC) cooled enthusiasm in the mainland stock market yesterday, as investors fretted about further capital raisings by lenders.

17 Jan 2013 - 4:19am

Clean technology equity firm cuts funding target

Clean technology private equity firm Nature Elements Capital revises down fundraising goal amid tough market conditions.

Clean technology private equity firm Nature Elements Capital has raised US$40 million for a fund but has almost halved its fundraising goal amid tough market conditions.

7 Jan 2013 - 4:31am

Share offerings expected to gain momentum

Hong Kong IPO market performance

After hitting a four-year low this year, the initial public offering market in Hong Kong is expected to pick up in the second half of next year as the mainland economy rebounds, say Ernst & Young and KPMG.

8 May 2015 - 9:46am

Exclusive donations pile up for Operation Santa Claus auction

Exclusive donations pile up for Operation Santa Claus auction

A private recital by a violinist and cellist and a custom-made chair are among the items going under the hammer at the Operation Santa Claus (OSC) auction, with bidders' last chance to get them coming tomorrow.

16 Dec 2012 - 4:40am

Tactical Unit police pop along to a charitable mission for Santa

A Police Tactical Unit officer focuses on a target at an OSC event at PTU headquarters in Fanling, as colleagues look on. Photo: Felix Wong

Officers in the police tactical unit, who usually use real guns when they practice shooting, recently had to face a new challenge - hitting balloons with rubber bands.

The annual half-day of fun and games at the unit's headquarters in Fanling on Wednesday was part of their team-building training.

16 Dec 2012 - 4:40am