Wong spoke with As It Happens host Carol Off about the new film about his life and what's ahead for Hong Kong as it approaches the 20th anniversary of its handover to China. Carol Off: I want to start with the news, which is that you plan to plead guilty ... ( read original story ...
Hong Kong should use national education to ‘guide’ youth who took part in Occupy protests, ex-Xinhua official urges
former deputy director of Xinhua News Agency, struck a sympathetic tone as he talked about the city where he was stationed for 13 years until his retirement in 1998. Xinhua’s Hong Kong branch was the predecessor of the central government’s liaison ... ( read original story ...)
Hong Kong cannot develop different set of politics from China, Beijing legal expert says
The legal chief of Beijing’s liaison office in Hong Kong says Hongkongers should wake up from the “illusion” that they can develop a different set of politics from China under “one country, two systems”, declaring that “all politics is central”. ( read original story ...)
Hong Kong M&A activity jumps fivefold in 20 years as Chinese firms use city to go global
Hong Kong is a popular destination for takeover and merger activity because locally listed firms like to acquire overseas companies to diversify their business, while many mainland firms use the city as a stepping stone to buy into overseas companies ... ( read original story ...)
BRIEF-BOC Hong Kong Holdings says Xu Luode resigns as non-executive director
WASHINGTON/KUALA LUMPUR, June 16 The U.S. Justice Department has taken legal action to recover an additional half a billion dollars in assets stolen from an investment fund established by Malaysia's prime minister, bringing the total claims to more than $1 ... ( read original story ...)
BOC Hong Kong : Resignation of Non-executive Director
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for ... ( read original story ...)
Hong Kong brokers thrive on diversification and Chinese capital inflows
Sun Hung Kai Financial is also 70 per cent owned by Everbright Securities, China’s eighth-largest brokerage which paid HK$4.1 billion in 2015 to Sun Hung Kai & Co. for the stake. The Hong Kong securities business of Everbright will be merged with the ... ( read original story ...)
Someone just paid over $600,000 for a parking spot in Hong Kong
In case you're keeping track, that's HK$5.18 million. Robb Report If you think millennials have it tough in the US, they really have it hard in Hong Kong. In the latest installment of jaw-dropping Hong Kong property prices, a parking spot in the Upton ... ( read original story ...)
Parking spot in Hong Kong goes for $664,300
The spot, located in the ritzy Upton apartment complex in western Hong Kong, is only 188-square-feet. That’s slightly bigger than a regular parking space anywhere else, about four times the size of a king-size bed and one-fifteenth the size of a tennis ... ( read original story ...)
HK’s chief: City to play pivotal role in ODI flows through B&R
"Hong Kong can leverage its niches as a financing platform to attract long-term capital into those B&R infrastructure projects." Tian Guoli, chairman of Bank of China and BOC Hong Kong (Holdings), said the lender had issued B&R bonds in 2015 and 2017 ... ( read original story ...)
Hong Kong parking space sold for $664,000
But what does he park in it? A business executive paid $664,000 for a parking space in his ritzy Hong Kong apartment building, according to property records, setting a new record for the city by $50,000. The South China Morning Post reports that Kwan Wai ... ( read original story ...)
UPDATE 1-Hong Kong c.bank raises base rate 25 bps after Fed hike
* HKMA expects HK dollar to weaken if rate differential widens * Expects banks to raise mortgage rate as liquidity tightens (Adds comments from HKMA chief) HONG KONG, June 15 The Hong Kong Monetary Authority (HKMA) raised the base rate charged through its ... ( read original story ...)
Hong Kong stocks open lower after HKMA raises interest rate
Hong Kong stocks opened lower on Thursday after the city’s de facto central bank followed a US decision and lifted the base interest rate. Hong Kong’s benchmark Hang Seng Index dropped 0.4 per cent, or 103.6 points, to open at 25,772.3, while the Hang ... ( read original story ...)
Hong Kong Follows Fed With Hike in Threat to Property Boom
Local banks have been reluctant to pass on higher costs Hong Kong’s de facto central bank followed the Federal Reserve and boosted interest rates for a third time since December, elevating the risk of a selloff in the world’s priciest housing market. ( read original story ...)