Oper Technology, a Hong Kong biotechnology start-up, has pioneered what it claims is a world first in stem cell treatment that it says could potentially help millions of patients suffering from Alzheimer’s and Parkinson’s diseases. The business was co ... ( read original story ...)
Singapore Is Beating Hong Kong As Asia’s Best Place To Do Business
You expect rivalry between Hong Kong and Singapore. Both are well-off former British colonies in Asia with clean governments and a free-port approach to foreign investment – on which they heavily depend for economic development. Both have a city-like in ... ( read original story ...)
Great Eagle matriarch accuses HSBC of ‘threatening’ her, in latest twist to Lo family feud
Lo To Lee-kwan, the 97-year old matriarch of Hong Kong property giant Great Eagle Holdings, has accused HSBC of “threatening” to take her to court, before she herself decided to sue the bank as a trustee of her family business, according to a statement ... ( read original story ...)
Guangzhou Rural Bank HK IPO priced near middle of range, raises $1 billion: source
HONG KONG Guangzhou Rural Commercial Bank Co Ltd (GRCB) priced its Hong Kong IPO slightly below the middle of expectations, a source said on Wednesday, underscoring tepid demand for the $1 billion deal amid concerns over rising non-performing loans in China. ( read original story ...)
Hong Kong Stock Rally Seen Immune to Currency Drop, for Now
City’s pegged currency has declined most in Asia this year Hang Seng stock index has rallied 18% amid ample liquidity The Hong Kong dollar may be sliding into the weak end of its trading band, yet money managers see no reason for stock investors to turn ... ( read original story ...)
Hong Kong’s top court upholds property tycoon’s graft conviction
HONG KONG Hong Kong's top court on Wednesday upheld a corruption conviction against a billionaire property tycoon, putting an end to a years-long landmark court battle that exposes the cosy ties between government officials and powerful tycoons. ( read original story ...)
Hong Kong election officials ‘may face punishment’ over case of missing laptops with voters’ data
The officials responsible for the missing laptops that contained the personal information of 3.78 million voters may face disciplinary action, Secretary for Constitutional and Mainland Affairs Raymond Tam Chi-yuen said on Tuesday. Releasing the results of ... ( read original story ...)
Hong Kong leader vows ‘utmost’ effort to fix notorious pension fund problem, but has only two weeks left
With only two weeks left on the job, Hong Kong’s leader has vowed to do his “utmost” to scrap a controversial arrangement that allows employers to dip into workers’ pension funds for severance and long-service payments. Chief Executive Leung Chun ... ( read original story ...)
Life in Hong Kong Is Harder Than Ever – Unless You’re a Tycoon
Her next paycheck isn’t for a week, and she doesn’t have enough money to feed her family of four crammed into her small, government-subsidized Hong Kong apartment. Her husband can’t work, and the kids don’t understand why their mother keeps buying ... ( read original story ...)
Hong Kong Jockey Club tells Tommy Berry he can’t ride Chautauqua in The Everest
TEAM Hawkes are in no rush to lock in a rider for Chautauqua in The Everest this spring after Tommy Berry’s bid to ride The Grey Flash in the $10 million race was rejected by the Hong Kong Jockey Club on Tuesday. Berry will join the Hong Kong jockey ... ( read original story ...)
Guangzhou Rural Bank HK IPO priced near middle of range, raises $1 bln-source
HONG KONG, June 14 Guangzhou Rural Commercial Bank Co Ltd (GRCB) priced its Hong Kong IPO slightly below the middle of its indicative range in a deal that has raised about $1 billion, a person with direct knowledge of the transaction said on Wednesday. ( read original story ...)
Typhoon Merbok moves away as Hong Kong escapes major damage
HONG KONG Typhoon Merbok spared Hong Kong any major damage as it pounded the financial hub with heavy rain and strong winds before moving further inland on Tuesday towards southern China. Financial markets, schools, businesses all resumed normal operations ... ( read original story ...)
Hong Kong dollar near 17-month low ahead of Fed rate decision
Under the linked exchange rate system, the Hong Kong Monetary Authority (HKMA), the city’s de facto central bank, is obliged to buy and sell US dollars to prevent the currency from breaching either side of a trading band between 7.75 and 7.85. ( read original story ...)
Hong Kong wastes away as rival Asian cities clean up
From syringes and television sets strewn on its beaches to brimming landfills, Hong Kong is struggling to keep pace with a growing waste problem in one of the world's most densely populated cities. Landfills in the global financial hub of 7 million people ... ( read original story ...)