Hong Kong logistics company GoGoVan has agreed to a merger with 58 Suyun, the freight business of mainland Chinese online classifieds giant 58 Home, creating the city’s first start-up worth more than US$1 billion. The merger would also create Asia’s ... ( read original story ...)
Hong Kong, mainland stocks breach major landmarks
Hong Kong and mainland stocks both registered major landmarks on Monday. The Hang Seng Index now looks set to close above 28,000 for the first time since May 2015, with a gain of as much as 0.8 per cent in the morning session, while the Shanghai Composite ... ( read original story ...)
Pakhar lands a second punch on battered Hong Kong, Macau with flight chaos, accidents and business closures
Severe Tropical Storm Pakhar barrelled down on Hong Kong and Macau on Sunday, disrupting flights and transport in two cities that had barely recovered from the hammering inflicted by Typhoon Hato last week. One man was killed in a traffic accident and 62 ... ( read original story ...)
Here are seven ways for tackling Hong Kong’s morbid grinding sense of stagnation and inequality
McKinsey reported a couple of months ago that up to two thirds ... Rather, it is about ensuring that Hong Kong families have a place to live that they can properly call a home. It is a crime that Hong Kong’s regulators have not forced on developers ... ( read original story ...)
Four practical ways for Hong Kong to help its business start-ups
After a decade with the community’s main focus seemingly elsewhere, it is refreshing to have a chief executive who is inclined to be proactive in support of economic development generally and the business community in particular. The proposal by Carrie ... ( read original story ...)
Can Hong Kong’s Express Rail Link shine a light on Disneyland and tourism?
expand business as a venue for meetings, conferences and exhibitions, and invite companies to hold activities at the park’s hotels. And only in 2018 when the first train pulls into Hong Kong will Disney know if the magic has returned. ( read original story ...)
Hong Kong Housing Isn’t Really a Market
Flush with liquidity, banks have barely increased mortgage costs even as the Hong Kong Monetary Authority mirrors Federal Reserve rate increases. (The Hong Kong dollar is pegged to the U.S. currency.) A 25-year mortgage is available for as little as an ... ( read original story ...)
Ben Ng
Hong Kong has announced plans to launch a public annuity scheme through the government-owned Hong Kong Mortgage Corporation (HKMC). If you are planning for retirement, you will now face a fresh dilemma: Should you opt for... ( read original story ...)
Battered Hong Kong and Macau brace for Pakhar, more flooding
HONG KONG, Aug 27 (Reuters) - Hong Kong and Macau braced for severe tropical storm Pakhar on Sunday, just four days after one of the strongest typhoons on record, Hato, caused serious flooding and damage in the territories. Both cities issued their third ... ( read original story ...)
Why start-ups like to set up in Singapore but list in Hong Kong
Still, the overall Hong Kong IPO market is more robust. It has raised four times more funds than Singapore so far this year, totalling US$8 billion in 92 IPOs. The island republic has raised only US$2 billion from 13 IPOs, according to Thomson Reuters data. ( read original story ...)
Storm Pakhar hits Hong Kong and Macau days after deadly Hato
HONG KONG (Reuters) - Tropical storm Pakhar brought strong winds and heavy rain to Hong Kong and Macau on Sunday, just four days after one of the strongest typhoons on record, Hato, caused serious flooding and damage in the territories and killed at least ... ( read original story ...)
Student mentor wanted from elite US university? Hong Kong start-up has you covered
On the other side of an unassuming doorway in Hong Kong’s busy downtown district of Sheung Wan, a team of people work tirelessly to bring together young people from different corners of the world. Founded by two Yale University alumni who met during ... ( read original story ...)
Hong Kong domestic helpers call for 27.6 per cent pay rise, bringing monthly salary to HK$5,500
Domestic helpers in Hong Kong on Friday called for a 27.6 per cent pay rise, which would bring their monthly wage to about HK$5,500. The move comes ahead of an annual salary review by the Labour Department. In a meeting with the department, 12 ... ( read original story ...)
‘Ungrounded’ attacks on Hong Kong’s judiciary are a threat to the city’s rule of law, say legal experts
Two leading legal professionals have defended the court judgement which sent three Hong Kong pro-democracy student leaders to jail, saying the “ungrounded” attacks on the judiciary would undermine the city’s rule of law. Senior Counsel Paul Lam Ting ... ( read original story ...)