Hong Kong and Macau have launched simultaneous shake-ups of the systems they have in place to tackle the growing menace of money laundering, financial crime and the funding of terrorist groups. In separate yet starkly similar announcements issued late ... ( read original story ...)
Major Hong Kong banks raise mortgage rates following HKMA measures
HONG KONG May 27 Some of Hong Kong's largest commercial banks in the mortgage loans market said they would raise interest rates following the latest round of mortgage tightening measures by the city's de facto central bank. Banks have to set aside more ... ( read original story ...)
Hong Kong businessmen tick all the right boxes in online venture
They only take online orders. Starting from scratch, Da Rosa and Ma spent a year visiting different mattress stores around Hong Kong, looking for manufacturers and talking to experts. Through these, they came up with the concept of compressing mattresses ... ( read original story ...)
BOC International Leads $29M Round In Chinese Gold Trading Firm G-Banker
BOC International invested via its fund unit, Bohai Zhongsheng. China Everbright Ltd's Guangkong Zhongying Capital, SBCVC, and Hong Kong-based Radiant Venture Capital also participated in the round. Founded in 2015 in Beijing, G-banker allows users to ... ( read original story ...)
Tottenham fans in Hong Kong hold signs urging Kyle Walker to stay as Mauricio Pochettino’s side record 4-1 victory
Tottenham fans turned out in their thousands to watch Mauricio Pochettino's side end the season on a winning note in Hong Kong with a large section holding signs saying 'Walker Please Stay'. Defender Kyle Walker has been strongly linked with a move away ... ( read original story ...)
Hong Kong rejects credit downgrade over links to China
Hong Kong has lashed out at Moody's after it downgraded its credit rating over the city's links to China. Moody's cited a "tightening" of economic and political ties between the mainland and the semi-autonomous city. The 55-kilometer China Hong Kong-Zhuhai ... ( read original story ...)
Hong Kong buyers snap up flats as favourable financing takes edge off cooling measures
the better," said Hong Kong resident Ho Sui-kit, a freelancer in his 40s who hoped to help his son pay the downpayment to buy a three-bedroom apartment. Ho said he would choose a mortgage plan promoted by the developer, where its subsidiary finance company ... ( read original story ...)
Hong Kong chief executive-elect Carrie Lam pitches her cabinet’s experience as new face drops out
The sources said Tse – a surveyor with close ties to Beijing’s liaison office and Hong Kong’s property developers – changed his mind amid mounting criticism the past two days as news spread he could join Lam’s team. The line-up may not be young ... ( read original story ...)
China’s Dahua Tech plans up to $1 billion Hong Kong share sale: sources
Dahua Tech had said in March it planned to apply for offering up to 724.85 million shares in Hong Kong, but had not provided details on the timeline as well as how much it was hoping to raise through the issuance. The company, which has a presence in about ... ( read original story ...)
University launches overseas promotional drive to lure non-mainland foreign students to Hong Kong
A Hong Kong university is launching an overseas promotional drive in an effort to more than double the number of non-mainland foreign student admissions within the next five years. Hong Kong Baptist University (HKBU) vice president in teaching and learning ... ( read original story ...)
Happy happy ding ding? Hong Kong’s iconic trams get image overhaul after 43 years
Hong Kong’s iconic trams will soon display a new smiling logo as the operator looks to reshape its visual identity to attract more passengers. The old design, which has been in use for 43 years, is being replaced on trams and signposts over the next two ... ( read original story ...)
Hong Kong champion Able Friend retires as tendon problem flares up again
HONG Kong champion Able Friend has been retired and will return to Australia where he will spend his days at the Ramsey family’s Turangga Farm in NSW where he was born. The highest-rated horse to race in Hong Kong, Able Friend will be farewelled at a ... ( read original story ...)
BOC Aviation buys six Airbus aircraft for $1.05 billion
HONG KONG BOC Aviation Ltd on Friday said it would buy six new aircraft from Airbus for an aggregate list price of $1.05 billion as the aircraft lessor builds its balance sheet by investing in modern, efficient and in-demand aircraft. The Hong Kong-listed ... ( read original story ...)
BOC Aviation : Unit Agrees to Buy Six New Aircraft From Airbus
The subsidiary of BOC Aviation (Cayman) Ltd. has entered into an agreement with Airbus to buy two new A320neo aircraft, two new A321neo aircraft and two new A330-900 planes, the Hong Kong-listed company said in a stock exchange filing on Friday. ( read original story ...)