One of the world’s most reliable currency bets is suddenly looking like less of a sure thing. The Hong Kong dollar carry trade, which has produced steady returns for seven straight months, suffered a rare setback on Wednesday as the currency abruptly ... ( read original story ...)
ANZ hires HSBC director as head of China desk in Hong Kong
ANZ has hired one of HSBC’s leading Hong Kong corporate bankers, in a sign that Asian recruitment at the firm is starting to recover. http://news.efinancialcareers.com/hk-en/291616/bank-of-east-asia-hong-kong-universities/ ANZ has hired one of HSBC’s ... ( read original story ...)
Hong Kong residents to get equal rights in key areas on the mainland, report states
The announcement, in a report issued by the official Xinhua news agency on Wednesday ... citing an unnamed official from the State Council’s Hong Kong and Macau Affairs Office. Macau residents would also be entitled to all the same privileges in ... ( read original story ...)
Hang Seng Bank employees given more annual leave after strong company performance
More than half of Hang Seng Bank’s staff members in Hong Kong will be offered up to four more days of annual leave from next year, on the back of its strong business performance in the first half of this year. The bank announced on Wednesday that 4,500 ... ( read original story ...)
Hong Kong’s Crowded Currency Trade Enters Dangerous Territory
One of the world’s most reliable currency bets is suddenly looking like less of a sure thing. The Hong Kong dollar carry trade, which has produced steady returns for seven straight months, suffered a rare setback on Wednesday as the currency abruptly ... ( read original story ...)
Hong Kong to get formal role in Beijing’s belt and road plan
Hong Kong has been promised stronger support from Beijing in developing its economy, with plans to establish a formal role for the city in the “Belt and Road Initiative” and boost communication on the development of the Greater Bay Area plan for the ... ( read original story ...)
Wharf shares jump to record as HK$230 bn property spin-off plan revealed
“The spin-off plan helps Wharf unlock value from its mature Hong Kong assets with strong cash flow,” said Raymond Cheng, a property analyst at CIMB Securities. “It’s good timing as Hong Kong’s luxury retail sales are rebounding.” Cheng added ... ( read original story ...)
Hong Kong closes beaches after ship spilled almost 100 tons of palm oil
HONG KONG has scooped up more than 88 tons of palm oil and closed more than a dozen beaches after a ship spill washed foul-smelling, Styrofoam-like clumps ashore, the latest major environmental disaster to blight the territory's waters. Dead fish ... ( read original story ...)
Hong Kong could lose out to regional rivals, shipping firms warn as antitrust watchdog bars them from sharing sensitive information
Hong Kong could lose out to regional rivals due to the city’s antitrust watchdog refusing to allow shipping liners to exchange sensitive market information, industry players have warned. The Competition Commission on Tuesday refused to grant block ... ( read original story ...)
What we still don’t know about the oil spill affecting Hong Kong beaches
A total of 13 beaches in Hong Kong have been shut down by a palm oil spill from a ship collision that happened in the Pearl River estuary in mainland Chinese waters last Thursday. Several government departments have worked together with volunteers to clean ... ( read original story ...)
Duterte promises Marawi troops all-expenses-paid Hong Kong trip ‘if they stay alive’
according to a statement from the government-run Philippine News Agency. The post Duterte promises Marawi troops all-expenses-paid Hong Kong trip ‘if they stay alive’ appeared first on Coconuts. ( read original story ...)
Why Hongkongers are easy prey for a new breed of con artist
with a growing understanding of how to exploit people’s vulnerabilities Ben Yates, international law firm RPC There’s more bad news: Yates expected such scams to keep growing in Hong Kong. “It is a global problem, and I think it is an inevitable ... ( read original story ...)
Canadian women ready to open Rugby World Cup against unheralded Hong Kong
Latoya Blackwood and Andrea Burk, who missed Canada's tour of New Zealand in June through injury, return to the lineup Wednesday as third-ranked Canada opens its Women's Rugby World Cup campaign against No. 23 Hong Kong in Dublin. Blackwood, a second-row ... ( read original story ...)
Hong Kong school with permanently absent pupils investigated
Hong Kong police are investigating a primary school in Tuen Mun accused of having exaggerated its number of pupils in order to avoid a funding cut. The school’s teachers and the Professional Teachers’ Union (PTU) complained to the Education Bureau that ... ( read original story ...)