Market watchers said this reveals that a growing number of companies are hoping to deepen their business presence in the Greater China market, but these moves are not a guaranteed success. As Osim prepares its initial public offering (IPO) in Hong Kong as ... ( read original story ...)
Hong Kong's next 20 years: Utilities
Power Assets (formerly Hongkong Electric) is 82% while Hong Kong & China Gas’ share is 57%. Chinese utilities may be attracted by the city’s low risk and stable returns. Gas business in Hong Kong likely to continue unregulated growth Hong Kong gas ... ( read original story ...)
Making the reinsuring business reassuring
If Hong Kong can relocate more reinsurance business activities here, its robust financial system and proximity to the mainland can be leveraged to develop the reinsurance business, experts say. According to the FSDC report, the mainland's reinsurance ... ( read original story ...)
Hong Kong stocks set to open higher ahead of key China economic data
The Hong Kong market is likely to open higher on Monday after futures rose in the city ahead of the release of a set of key Chinese economic data. The Hang Seng Index futures May contract rose 0.4 per cent, or 103 points to 25,166 in the pre-trade session ... ( read original story ...)
OCBC to buy NAB's wealth business in Singapore and Hong Kong
Load Error With the hopes of further boosting its wealth management presence in Singapore and Hong Kong, OCBC Bank entered into an agreement to acquire National Australia Bank's (NAB) Private Wealth business in the two cities. OCBC will be having access to ... ( read original story ...)
Members of British and U.S. Rock Band Arrested for Visa Offences in Hong Kong
In reality, if you are familiar with the situation in Hong Kong, the latest raid seems more like part of a well planned campaign aimed at crashing every business that does not belong to the big business. This is normally done through insanely expensive ... ( read original story ...)
Some businesses in Asia disrupted by cyber attack, authorities brace for more
"Most of the attacks are arriving via e-mail, so there are many 'landmines' waiting in people's in-boxes," said Michael Gazeley, managing director of Network Box, a Hong Kong-based cybersecurity company. In China, the world's second-largest economy ... ( read original story ...)
Hong Kong Muslim community critical of police report warning of Islamic State-inspired attack
Members of Hong Kong’s Muslim community hit out against a police report stating Islamic State-inspired lone wolves could carry out an attack in the city, claiming the force was adding to a stigma already felt by the community. Earlier this month ... ( read original story ...)
Hong Kong-mainland rail link terminus ‘a total waste’ without a joint checkpoint, says ex-justice minister
Leung, also Hong Kong’s former justice minister, said the terminus of the Guangzhou-Shenzhen-Hong Kong Express Rail Link had been specifically designed to accommodate the joint checkpoint. “[The project] had been approved for a long time and the West ... ( read original story ...)
Hong Kong delegates get front row VIP seats at ‘Belt and Road’ summit in Beijing
A 30-strong Hong Kong delegation is among some 1,200 VIPs from 28 jurisdictions to attend the two-day high-profile “Belt and Road Initiative” summit in Beijing, as global heavyweights Chinese President Xi Jinping and Russian leader Vladimir Putin ... ( read original story ...)
Hong Kong homebuilders to face tougher limits on bank borrowing
The HKMA hopes that by cutting the amount of financing available to the homebuilder it will discourage the developers from offering generous mortgages to buyers – something seen by most observers as hindering efforts to deflate Hong Kong’s sizzling ... ( read original story ...)
New bridge planned for Hong Kong airport so tall A380s can pass underneath
Airlines welcome proposal for walkway which would connect main airport building to an isolated terminal, saying it will further improve passenger experience at one of world’s most highly rated airports A Cathay Pacific aircraft flies near Hong Kong ... ( read original story ...)
Fund managers on fixed income recruitment drive
Before this role, Jaehne was a director at Fitch Ratings and a senior research analyst at McKinsey and Company ... professionals operating out of Australia, New Zealand, Hong Kong and the US," Warner said. Vanguard, meanwhile, is currently advertising ... ( read original story ...)
Can Prefab Housing Improve Housing Affordability?
According to a report by the McKinsey Global Institute ... Sydney ranks number two, after Hong Kong, with a multiple of 12.2. The median-priced Sydney home costs $1,077,000, while the median income is $88,000. Melbourne came in sixth with a multiple ... ( read original story ...)