The most common misdemeanours this year had been in mortgage and interbank lending ... “Citi is committed to meeting our regulatory obligations,” the bank’s Hong Kong-based spokesman said. “We have completed the necessary corrective actions ... ( read original story ...)
Are you sitting down? Good. Hong Kong’s housing market just got even more expensive
And it just keeps getting more expensive. In the second quarter, the proportion of income spent on mortgages in Hong Kong—a measure known as the housing affordability ratio—hit 67 percent, shooting up from 56 percent earlier in the year, accoriding to ... ( read original story ...)
How to get a buy-to-let mortgage for a British property if you have moved overseas
Hong Kong Dollar, Kuwaiti Dinar and Singaporean Dollar. The mutual will take a limited amount of earned income into its affordability assessment. The rental income must cover the mortgage payments by a ratio of 125 per cent at a 5.5 per cent mortgage rate ... ( read original story ...)
Hong Kong regulator grins thanks to financial inclusion wins
The Hong Kong Monetary Authority (HKMA) is in a happy mood as the region’s financial inclusion initiatives are progressing well. Norman Chan, HKMA chief executive, visited three retail bank branches in northern Tin Shui Wai area of Hong Kong today (17 ... ( read original story ...)
HKMA’s Chief Executive visits bank branches to understand progress of implementation of financial inclusion initiatives (with photos)
The Chief Executive of the Hong Kong Monetary Authority (HKMA), Mr Norman Chan, visited three retail bank branches in northern Tin Shui Wai area today (August 17) to understand the situation of branch services from bank representatives and staff ... ( read original story ...)
Sequoia’s First 6 Early Investments In Hong Kong Boost Its Growing Startup Ecosystem
Hong Kong’s tech startup ecosystem is moving up another notch, thanks to deals such as the $9 million investment in the city’s own bike-sharing service GoBee and backing of six startups from a Sequoia Capital China-linked fund and platform. The six ... ( read original story ...)
Hong Kong activist Joshua Wong jailed for six months
Hong Kong activist Joshua Wong has been jailed for six months for taking part in the 2014 pro-democracy protests. He was tried and found guilty of unlawful assembly last year, and sentenced to community service. But in an unusual move the Hong Kong ... ( read original story ...)
Pro-democracy leaders jailed in Hong Kong
A Hong Kong court sent young activist Joshua Wong and two other student leaders to prison Thursday for their roles in huge pro-democracy protests nearly three years earlier, in the latest sign that tolerance for dissent is waning in the Chinese-ruled ... ( read original story ...)
Hong Kong insurer Asia Financial reports doubling of interim profit on investment gains
Asia Financial Holdings, which owns one of the largest general insurers in Hong Kong and is headed by the city’s executive council convenor Bernard Chan, reported a 105.5 per cent profit increase in the first half of the year. The company said on ... ( read original story ...)
Young leaders of massive 2014 Hong Kong protests get prison
A Hong Kong court sent young activist Joshua Wong and two other student leaders to prison Thursday for their roles in huge pro-democracy protests nearly three years earlier, in the latest sign that tolerance for dissent is waning in the Chinese-ruled ... ( read original story ...)
Hong Kong student activist, 20, is jailed for six months for ‘unlawful assembly’ after leading the ‘Umbrella Movement’ to demand democracy from Beijing
Three high profile young leaders of Hong Kong's Umbrella Movement rallies in 2014 have been jailed for their role in the pro-democracy protests. Joshua Wong, Nathan Law and Alex Chow have been sentenced to six months, eight months and seven months ... ( read original story ...)
Hong Kong democracy activists hit with prison sentence
A court has overturned the earlier sentences of young Hong Kong activist Joshua Wong and two other student leaders and sentenced them to prison in connection with huge pro-democracy protests in 2014. Last year Wong and student leader and disqualified ... ( read original story ...)
What’s behind the success of satirical media in Hong Kong?
submitted draft listing documents to the Hong Kong Stock Exchange. The IPO application revealed that between 1 April 2016 and March 31, 2017 the company brought in HK$95 million in revenue — the majority of which originated from digital media ... ( read original story ...)
3 Essential Lessons For Startup Founders From A Top Hong Kong VC
There’s an old investing joke that goes something like this: “If you want to make a million dollars, start with ten million.” This is most certainly the case when it comes to angel investing in early stage startups. I myself can vouch for the ... ( read original story ...)