Hong Kong appears set to burnish its credentials as a global trading hub, with its development of a proof-of-concept distributed ledger platform for trade finance using Blockchain technology. The Hong Kong Monetary Authority (HKMA) led this initiative ... ( read original story ...)
Hong Kong's Central Bank Partners on DLT Trade Finance Test
A group of six banks and a global auditing firm have completed a new blockchain trade finance test focused on the Hong Kong market. Revealed today, the group includes participation from the Hong Kong Monetary Authority (the region's de facto central bank ... ( read original story ...)
Hong Kong home prices hit another record high in February
Hong Kong's newly-selected leader Carrie Lam, who will take office in July, said on Tuesday she was "very determined" to tackle the high cost of housing, one of the top concerns of foreign business executives about the city. The government has vowed to ... ( read original story ...)
BOC Aviation buys two Boeing aircraft for $758 mln
HONG KONG BOC Aviation Ltd said on Friday it bought two Boeing 747-8 freighter aircraft for an aggregate list price of $758.2 million, as the aircraft lessor aims to build its balance sheet by investing in modern and in-demand aircraft. BOC Aviation said ... ( read original story ...)
Fly off in comfort to Hong Kong and Taiwan with China Airlines A350
travelling to and between Hong Kong and Taiwan can be almost as much fun as the vacation itself. Introduced in August 2016, the China Airlines A350-900 features three sections – premium business, premium economy, and economy – so there's a seat to fit ... ( read original story ...)
Wild sales show that Hong Kong property curbs aren’t working
Few bigger challenges loom for Hong Kong’s new Chief Executive Carrie Lam than bringing down real-estate prices in the city, the world’s least affordable. Increasing the supply of available land may take time, so she could start with removing property ... ( read original story ...)
Hong Kong, mainland stocks close lower on liquidity concerns
The Hang Seng Index slipped amid fluctuating trade ... a 0.4 per cent rise in profit to 278.2 billion yuan after the Hong Kong market closed on Thursday. Another heavyweight Chinese lender Bank of Communications slipped 0.5 per cent to close at HK$6.06. ( read original story ...)
Hong Kong shares fall, weighed by financials, Tencent
SHANGHAI, March 30 (Reuters) - Hong Kong stocks fell on Thursday, weighed by financials and index heavyweight Tencent, with weakness in mainland stocks also hurting sentiment. The benchmark Hang Seng index dropped 0.4 percent to 24,301.09 points, while the ... ( read original story ...)
Hong Kong pro-democracy activists appear in court
The nine activists could face up to seven years in prison for charges of conspiring to cause public nuisance or inciting others to do so [EPA] Nine pro-democracy Hong Kong activists appeared in court on Thursday for their role in the 2014 Umbrella Movement ... ( read original story ...)
Hong Kong stocks flat, Fosun volatile after surprise CEO resignation
Hong Kong stocks closed flat on Wednesday while mainland China shares extended their losing streak for the third day. The Hang Seng Index edged up 0.2 per ... and 1.6 per cent respectively. Agricultural Bank of China and Bank of Communications closed ... ( read original story ...)
Hong Kong stocks retreat; Tencent pulls back from record high
Hong Kong stocks erased opening gains and edged lower in Thursday’s early trading, after US markets closed mixed overnight in the wake of hawkish comments from Federal Reserve speakers. The Hang Seng Index ... car maker Tesla. Bank of China dropped ... ( read original story ...)
Hong Kong toy tycoon still game for a new enterprise at the age of 93
“My business philosophy has always been the Cantonese saying, take down a big tree with a small knife, which means using minimal resource to get maximum result.” Toy story: how tycoon Lam Leung-tim built his empire Born in Hong Kong in 1924, the ... ( read original story ...)
Hong Kong Feb retail sales slip on weak tourist spending
Hong Kong's retail sales fell for the 24th straight month in February, hurt by a lack of growth in tourist spending as a strong local dollar hit tourism and business activity. Retail sales fell 5.7 percent from a year earlier to HK$34.8 billion ($4.48 ... ( read original story ...)
Hong Kong ‘king of votes’ seeks court go-ahead to amend his election expenses form
“King of votes” lawmaker Eddie Chu Hoi-dick has applied to a Hong Kong court, asking to correct errors in his election expenses declaration in a bid to avoid legal consequences, according to a writ filed on Wednesday. The legal document, addressing the ... ( read original story ...)