Hong Kong deputy announces leadership bid

Hong Kong (AFP) - Hong Kong's tough pro-Beijing number two Carrie Lam announced her bid to lead the deeply divided city Thursday after stepping down from her current post. Lam is deputy to Hong Kong's unpopular leader Leung Chun-ying and rose through the ... ( read original story ...)

HSBC To Take On Jetco In P2P Mobile Payments

HSBC is gearing up to take on Hong Kong P2P mobile payment company Jetco, launching its own P2P mobile payment app. According to a report, HSBC has a holding page online that invites cardholders to sign up for the payment service. HSBC is enticing ... ( read original story ...)

Hong Kong's Green Finance Bonanza

History will remember the 2016 G20 Hangzhou Summit for signaling a new phase in China’s aspiration to take on a leadership role on climate issues. Beijing’s keen interest in promoting green finance as a cornerstone of the Chinese environmental ... ( read original story ...)

McDonald's unloads its business in China

HONG KONG — McDonald's Corp. has agreed to sell the bulk of its China and Hong Kong business to the state-backed conglomerate Citic Ltd and Carlyle Group LP for up to $2.1 billion, seeking to expand rapidly without using much of its own capital. ( read original story ...)

Hong Kong’s SFC Warns of Yet Another Unlicensed Brokerage

The Securities and Futures Commission (SFC), Hong Kong’s main financial services watchdog, today updated its Alert List with the addition of another brokerage after it was found to be offering its services to the public without being authorised to do so. ( read original story ...)

Hong Kong's delivery startup Lalamove eyes IPO in two years

HONG KONG -- Hong Kong-based Lalamove has introduced a new motorbike service in the territory as the delivery startup plays catch-up with rivals ahead of a proposed initial public offering in the next two years. Dubbed "Uber for logistics," Lalamove is a ... ( read original story ...)