Hong Kong’s outgoing leader said independence for the former British colony was impossible as he gave his final policy address before stepping down. Leung Chun-ying, who is backed by Beijing, has been a divisive figure during his four year term ... ( read original story ...)
Hong Kong Property Tax May Help End Singapore's Housing Slump
Singapore’s three-year decline in home prices could see relief from an unexpected quarter in 2017: Hong Kong. So says Cushman & Wakefield Inc., which expects the slide in the city-state’s home prices to end this year as foreign investors turned off by ... ( read original story ...)
Hong Kong's CY Leung delivers swansong address as public eye his replacement
As Hong Kong Chief Executive Leung Chun-ying, aka CY Leung, delivers his swansong policy address on Wednesday, focus will turn to how his replacement deals with an increasingly assertive China. Leung isn't expected to announce any grand measures at his ... ( read original story ...)
Hong Kong should weigh up pros and cons of building homes in country parks, chief executive says
“This issue matters to the well-being of our next generation and warrants serious deliberation of its pros and cons by society,” Leung said, pointing out that only 7 per cent of land in Hong Kong was zoned for housing while country parks accounted for ... ( read original story ...)
Hong Kong Chief Executive CY Leung claims legacy in final policy speech
With less than six months to go before retiring, Hong Kong’s controversial leader sought to claim his legacy in his swansong policy speech yesterday, proposing plans ranging from economic development to sports to show he was not heading a lame-duck ... ( read original story ...)
Hong Kong Actor Andy Lau Injured While Working in Thailand
Hong Kong actor Andy Lau has been injured while working in Thailand. A statement from his representative said the 55-year-old actor fell off a horse and injured his pelvis on the set of a commercial Tuesday. The statement thanked people who expressed their ... ( read original story ...)
Hong Kong stocks fall on outlook for US rate hikes; China shares steady
"Of course Yellen's comment is not good news for Hong Kong stocks," said Linus Yip, a Hong Kong-based strategist at First Shanghai Securities. Still, he thought a bigger factor explaining Thursday's drop would be that the previous day's rally might have ... ( read original story ...)
Hong Kong in Fiji preparing for Singapore leg of the HSBC World Sevens Series and qualifier
SINGAPORE, 17 Jan 2017 – The 2017 HSBC Singapore Rugby Sevens will see the participation of two top Asian sides as Hong Kong is confirmed as the wild card team. In Singapore, Hong Kong will line up alongside 15 other ‘core’ teams, including their ... ( read original story ...)
Hong Kong 'mini' flats boom as government fails to rein in record-high prices
High property prices and rents posed "the gravest potential hazard to the Hong Kong community as many families have no choice but to live in subdivided units, even in industrial buildings," Leung added. Property prices have surged nearly 50 percent to ... ( read original story ...)
Hang Seng Rises 1.1%: Morgan Stanley Turns Bullish On Hong Kong Banks
The low interest rate environment discouraged local banks from lending and helped push loan-to-deposit ratios at Bank of China Hong Kong and Hang Seng Bank to below 70%. The sector’s net interest margin, its major profitability metric, has shrunk to 1.3 ... ( read original story ...)
Hong Kong venture capitalists urge more support for local start-ups
Venture capitalists in Hong Kong are calling for stronger support from governments, corporations and banks to strengthen the start-up ecosystem and boost innovation in the city. Speaking at the StartmeupHK venture forum on Tuesday, a panel of venture ... ( read original story ...)
Scrapping of MPF offset “totally unjustified”, Hong Kong business groups say
During his final policy address today, Hong Kong’s Chief Executive Leung Chun Ying is expected to announce the scrapping of the Mandatory Provident Fund offsetting mechanism. In a statement released on Tuesday, five business groups protest the plan ... ( read original story ...)
In Final Speech, Hong Kong Leader Warns on Independence Push
Hong Kong's outgoing leader warned in his farewell policy speech Wednesday that independence for the Chinese-controlled territory is not possible. In his annual address to the legislature, Chief Executive Leung Chun-ying said that Hong Kong is an ... ( read original story ...)
Hang Seng Rises 1.2%: Morgan Stanley Turns Bullish On Hong Kong Banks
The low interest rate environment discouraged local banks from lending and helped push loan-to-deposit ratios at Bank of China Hong Kong and Hang Seng Bank to below 70%. The sector’s net interest margin, its major profitability metric, has shrunk to 1.3 ... ( read original story ...)