Palm oil blobs cover Hong Kong beaches after sea crash

HONG KONG — Cleanup efforts are under way in Hong Kong after white blobs of congealed palm oil washed up on the city's shores following a collision between two ships. Authorities have closed more than a dozen beaches, including two on Tuesday ... ( read original story ...)

Hong Kong Market Enjoys Positive Lead

Among the actives, Tencent Holdings surge d 2.95 percent, while China Mobile picked up 0.30 percent, CITIC spiked 2.51 percent, BOC Hong Kong climbed 1.15 percent, New World Development dropped 1.12 percent, China Resources Land gained 0.62 percent ... ( read original story ...)

Hong Kong Housing Burden Grows Even Heavier as Home Prices Soar

Living in the world’s most-expensive property market means having to set aside more than half your income as mortgage payments. Hong Kong’s mortgage-payment-to-income ratio rose to 54.2 percent in June, the highest since 1998, figures from Centaline ... ( read original story ...)

Banks set for brighter second half

China has 37 banks listed in Shanghai, Shenzhen and Hong Kong. They will start to release financial results ... an analyst with Bank of Qingdao. A recent report by McKinsey & Company said the retail banking sector in China needs to improve efficiency ... ( read original story ...)