Hong Kong’s outgoing leader has vowed to deliver on his promise to scrap a controversial arrangement whereby bosses dip into workers’ pension funds for severance and long-service payments, although his earlier proposal had failed to please neither ... ( read original story ...)
Three Hong Kong leaders share one vision for city: optimism
Three heads of Hong Kong’s government – past, present and future – gave their full vote of confidence on Monday to the “one country, two systems” formula that guarantees the city’s freedoms, tracking its performance over the last two decades ... ( read original story ...)
Hong Kong becomes new member of AIIB
HONG KONG, June 13 (Xinhua) -- The government of China's Hong Kong Special Administrative Region (HKSAR) said Tuesday that Hong Kong has become a new member of the Asian Infrastructure Investment Bank (AIIB). The Finance Committee of the Legislative ... ( read original story ...)
This Is How Much Hong Kong Property Has Surged Since British Rule
As the Union Jack fluttered over Hong Kong’s Victoria Harbour for the last time on June 30, 1997, home prices were hovering near record highs and sellout crowds at new projects were the norm. Twenty years on, property price have hit fresh records and ... ( read original story ...)
Fitch flags ‘asset-quality risk’ as Hong Kong banks ramp up lending exposure to China
Hong Kong banks are accelerating their lending exposure to China ... “Steady growth in lending to Chinese corporates and other non-bank borrowers - particularly private and non-mainland entities - is likely to continue, in part to support their expansion ... ( read original story ...)
RISE: Ready To Put Hong Kong’s Startup Ecosystem Back On The Global Map
One of the most efficient ways to boost the Hong Kong startup ecosystem is by hosting large scale tech and startup events. An upcoming conference, which is truly putting Hong Kong firmly on the global map, is RISE. Produced by Web Summit, RISE is the ... ( read original story ...)
Why Hong Kong businesses need its neighbours’ soil and worms to boom
Hong Kong should embrace what its mainland neighbours have to offer and do more to augment innovation and the adoption of new technology to ensure that it remains a key business gateway between China and the rest of the world, speakers at a South China ... ( read original story ...)
Shape up and keep up, business leaders tell Hong Kong at forum
Hong Kong should strive for the title of Asia’s cultural hub as well as have the courage to break out of its comfort zone, according to panel members at the “Celebrating Hong Kong’s Coming of Age” conference organised by the South China Morning ... ( read original story ...)
Nelson drinks company Chia expands to Hong Kong
Van Dyke said while Chia is testing the market, Hong Kong was an exciting step in the business' expansion. "It's important to realise Asia is really big, there's lots of different countries and regions within the countries and cultures as well. ( read original story ...)
Loonie BoC Comments Favors CAD
Elsewhere in Asia, South Korea’s Kospi added +0.7%, while Hong Kong’s Hang Seng increased +0.4% and the Shanghai Composite Index advanced +0.4%. In Europe, the main indices have rebounded this morning after yesterday’s selloff being led by the FTSE ... ( read original story ...)
Biotech IPO rejuvenates Hong Kong market
(The author is a Reuters Breakingviews columnist. The opinions expressed are her own.) By Robyn Mak HONG KONG, June 13 (Reuters Breakingviews) - Shares of WuXi Biologics, the city's biggest listing this year, popped as much as 39 pct on their debut. ( read original story ...)
Court to hear Lo family’s suit to fire HSBC as trustee of patriarch’s estate
Lo Kai-shui, the youngest sibling of one of Hong Kong’s wealthiest real estate clans, reaffirmed his position in support of his mother to remove HSBC as the trust manager of the largest percentage share of the family business. “She [Lo To Lee-kwan ... ( read original story ...)
In Hong Kong, being super fit is the new symbol of success
The exorbitant rent reflects the spending power of Pure’s clientele, which has helped build the home-grown fitness and lifestyle company’s financial strength and to vie for a spot in one of Hong Kong’s most expensive malls, alongside Prada ... ( read original story ...)
Hong Kong Braces for First Storm This Year as Merbok Lashes
Long lines seen at metro stations, piers as people rushed home Hong Kong braced itself for its first typhoon this year, as Tropical Storm Merbok lashed the financial center with rain and wind. The Hong Kong Observatory hoisted Signal No. 8 at 5:20 p.m ... ( read original story ...)