Hang Seng Bank is the third largest and one of the best managed in Hong Kong, but its financial position slowly deteriorates due to the slowdown in China. In terms of Price/Earnings and Price/Book Value, Hang Seng's stock is very expensive, particularly ... ( read original story ...)
Indonesian women killed in Hong Kong are forgotten at home
JAKARTA, Indonesia – The Hong Kong trial of a British stock trader who murdered two ... They heard the trial had started from reporters and some online news reports. The family is also grappling with the future of Ningsih's son, now 7. ( read original story ...)
Hong Kong commission recommends new sexual offences to offer greater protection to child and mentally impaired victims
A range of new sexual offences proposed by the Law Reform Commission on Tuesday seeks to improve the protection of children and mentally impaired victims, with jurisdiction beyond Hong Kong shores. The 186-page consultation paper with 41 recommendations ... ( read original story ...)
Hong Kong money laundering and terrorism financing reports hit record high
A backlog of suspicious financial transactions in Hong Kong’s banking industry was named as the reason for a dramatic upsurge in reports of money laundering and terrorist financing. The Joint Financial Intelligence Unit (JFIU), a 50-member outfit ... ( read original story ...)
Why Hong Kong must avoid the tyranny of regulation
Their organised lobbies and advocates further complicate the policy environment. Hong Kong is in real danger of travelling down this path. Three aspects of our political arrangement are nurturing it. First, under the Basic Law the government must balance ... ( read original story ...)
EXCLUSIVE: First picture of 'bloated' British banker who tortured two Hong Kong prostitutes to death reveals his extraordinary weightloss after two years on prison food
The 31-year-old has shed a huge amount of weight in the two years he has been held on remand in Hong Kong. Two years ago he appeared bloated, unshaven and bleary eyed after being arrested for allegedly torturing two young sex workers to death. In the weeks ... ( read original story ...)
Hong Kong is free to discuss independence but we can’t go beyond that, Woo Kwok-hing says
The retired judge running for the city’s top political office has laid out his position on Hong Kong’s independence, declaring that Hongkongers are free to discuss the issue but should not organise activities pushing for it as that would violate the ... ( read original story ...)
Standard Chartered Faces Inquiry Into Hong Kong Stock Sale
... as a joint sponsor of an initial public offering on the Hong Kong Stock Exchange in 2009. “If it does take action, there may be financial consequences,” Standard Chartered said in a news release. The bank did not provide further information on ... ( read original story ...)
Hong Kong leader raises prospect of controversial legal request to Beijing
HONG KONG Hong Kong's leader has signalled he might ask Beijing to use a rarely-invoke power to interpret the city's Basic Law mini-constitution to end a political crisis over a fledgling independence movement. Any such move will spark fears for Hong Kong ... ( read original story ...)
Growing Hong Kong airline HK Express cuts fares in bid for market share
Hong Kong’s only budget airline has released 50,000 discounted tickets in a bid to turn up the heat on local rivals. The aggressive push from HK Express, on its third birthday, follows Cathay Pacific Airways cutting business class ticket prices through ... ( read original story ...)
HK-GD finance meeting held
Financial ties: The Expert Group on Hong Kong-Guangdong Financial Co-operation meets in Hong Kong. The Expert Group on Hong Kong-Guangdong Financial Co-operation held its eighth meeting in Hong Kong today to discuss ways to enhance financial co-operation ... ( read original story ...)
Hong Kong lawmaker urges Education Bureau to scrap controversial test
A study compiled by Ip’s team alleged the test had became a tool to rank Hong Kong’s schools and found “no evidence to prove TSA’s help in improving teaching standards significantly”. More than one sponsoring body also claimed they had been ... ( read original story ...)
British banker who killed two Hong Kong prostitutes had sex with transsexuals, surfed gay websites for black men and told bosses he had HIV to justify time off work
Jutting surfed the gay website Grindr looking for black men to have sex with, his lawyer Tim Owen QC told the court. A court in Hong Kong was told in the two weeks before killing two prostitutes in October 2014 he had failed to turn up for work as he took ... ( read original ...
Hong Kong’s finance sector may need another 5 million sq ft of office space over next decade, JLL says
Hong Kong’s financial services sector will require up to 5 million more square feet of office floor space over the next 10 years, driven by the growth of mainland Chinese banks, a new report says. The office space demand stems from the 55,000 jobs in ... ( read original story ...)