Hong Kong’s incoming chief executive should work to put the city on the global map by seizing the mainland’s go abroad initiative and casting aside political wrangling, says veteran entrepreneur Victor Fung Kwok-king. Making this call to Carrie Lam ... ( read original story ...)
Hong Kong’s French expats vote in presidential election, with signs most support Emmanuel Macron
French expatriates in Hong Kong were casting their vote from Sunday morning in the election for their country’s next president, with signs that most would be opting for liberal candidate Emmanuel Macron of En Marche over far-right Front National leader ... ( read original story ...)
Hong Kong lawyer turned boxing coach reaches out to city’s underprivileged
As it turns out, the project has also been a learning experience for Chen, who says she now enjoys the city more, and has been taught to enjoy the grittier side of Hong Kong. “I was always hanging around in Central district. I rarely went to Mong Kok. ( read original story ...)
Hong Kong artist’s prized graffiti wiped out in salvage mission
Efforts to restore a rare piece of Hong Kong graffiti that was mistakenly painted over last month have left the artwork worse off, according to one avid collector. The calligraphy piece by the late street artist Tsang Tsou-choi, known as the “King of ... ( read original story ...)
Why there is a rift between Hong Kong vets and pet owners
Vets in Hong Kong have complained of declining wages due to increasing competition, as a recent report showed that the number of vets practising in the city has doubled to 800 in 10 years. But the study, published on Tuesday, was panned by animal ... ( read original story ...)
Hong Kong stocks drop the most in 2 weeks as resources shares tumble
SHANGHAI May 5 Hong Kong stocks posted their biggest daily percentage decline ... lows amid lingering worries about economic growth and tighter regulations. The Hang Seng index fell 0.8 percent, to 24,476.35, while the China Enterprises Index lost 1.6 ... ( read original story ...)
Meanwhile In Hong Kong…
The Hong Kong Dollar has plunged to its weakest level against the dollar (to which it is pegged) since February 2016, even as the Hang Seng surges higher. As HKD nears 7.80, triggering likely HKMA intervention, we wonder whether we will see a replay of ... ( read original story ...)
Asian Stocks Reverse Gains Ahead of Fed's Interest Rate Decision
But other benchmarks across Asia fell, with Hong Kong's Hang Seng losing 0.5 percent to 24,567.04 and the ... April and statements from Fed boss Janet Yellen as well as other top bank officials, which could provide some forward guidance to markets. ( read original story ...)
Sensex slips below 30,000, down 133 points in early trade
Federal Bank and Kotak Bank were trading higher by up to 3.76 per cent. Brokers said apart from weak global cues, investors booked profit after recent gains, pushing the indices down. Among Asian markets, Hong Kong's Hang Seng was down 0.87 per cent ... ( read original story ...)
Business in 90 Seconds
In this update: The Reserve Bank says low wages growth is expected to keep ... Looking at Asian markets, the Nikkei is closed in Japan, the Hang Seng is down in Hong Kong, China markets on the Chinese mainland are down too. Wall Street ended little changed ... ( read original story ...)
Morning Update newsletter: Ontario promises solitary reform; Obamacare repeal passes; pig trial ends
Private-sector role in Canada Infrastructure Bank raises conflict-of-interest questions Private ... Tokyo’s Nikkei was closed, but Hong Kong’s Hang Seng and the Shanghai composite each lost 0.8 per cent. In Europe, London’s FTSE 100 was up 0.1 ... ( read original story ...)
US jobs report shores up markets but oil weakens further
ASIA'S DAY: Hong Kong's benchmark Hang Seng index lost 0.8 percent to close at 24,476.35 while the Shanghai Composite index in mainland China shed 0.8 percent to 3,103.04. Australia's S&P/ASX 200 fell 0.7 percent to 5,836.60. Taiwan's benchmark fell and ... ( read original story ...)
Is the ‘Belt and Road Initiative’ a pipe dream or golden goose for Hong Kong investors?
They include the families of Li Ka-shing, the city’s richest man and chairman of CK Hutchison Holdings; Kwok Tak-Seng, founder of ... of opportunities should Hong Kong go into first? Liao Qun, chief economist at China Citic Bank International, said ... ( read original story ...)
Guangzhou Rural gets green light for up to $1 billion HK IPO: IFR
HONG KONG Guangzhou Rural Commercial Bank Co Ltd (GRCB) plans to start pitching an initial public offering of up to $1 billion to investors next week, after getting approval from the Hong Kong stock exchange, IFR reported on Friday, citing people close to ... ( read original story ...)