Tributes are pouring in for Hong Kong businessman and socialite David Tang, who has passed away in the UK at age 63. Elegant, incisive and funny, David Tang has been a frequent contributor to the BBC over decades. "Always fun to work with him," senior ... ( read original story ...)
Hong Kong’s smaller businesses and professionals struggle to gain foothold in Qianhai district
They can now set up in Qianhai with a low amount of capital,” Hung said. Hung said the authority would work with Hong Kong’s business sector on how to further reduce barriers for SMEs to develop in Qianhai. Currently more than 4,564 Hong Kong companies ... ( read original story ...)
Marks & Spencer in talks to franchise its Hong Kong and Macau stores
M&S said the 27-store Hong Kong business, where it has traded since 1988, is profitable with a "loyal customer base and strong brand awareness". In November we set out our plans to create a more sustainable, profitable and customer-centric international ... ( read original story ...)
Hong Kong billionaire Hui Wing Mau buys majority stake in Bindaree Beef
Bindaree Beef has sold a 51 per cent stake in the company to the Hong Kong-based Hui family and the Hui-backed Archstone Investment Co in return for a "significant" investment in Bindaree Beef. ( read original story ...)
How will Hong Kong fare in the new wave of automation?
Today, Hong Kong has a thriving service sector, which, on average, will be slower to be replaced by automation than manufacturing. Applying the expected automation potential from the McKinsey analysis to the current industry mix in Hong Kong, only about 25 ... ( read original story ...)
GoGoVan becomes Hong Kong’s first $1 billion startup following merger deal
At our TechCrunch China event in June we discussed the bright future that Hong Kong’s startup scene has, despite some big challenges. This week the country passed a notable milestone as it got its first $1 billion valued startup, better known as a unicorn. ( read original story ...)
Hong Kong reverses into decline as banks retreat a second day
Hong Kong’s Hang Seng Index fell 0.1 per cent ... Banks led decliners for a second day. Industrial & Commercial Bank of China slid 1.0 per cent to HK$5.8, China Construction Bank fell 0.7 per cent to HK$6.81 and HSBC eased 0.1 per cent to HK$75.9 ... ( read original story ...)
Hong Kong stocks complete longest monthly winning streak in a decade
Hong Kong’s stocks ... first time since 2015. The Hang Seng China Enterprises Index, or the H-share gauge, fell 0.7 per cent. Traders sold shares in China’s biggest state-owned banks including Industrial and Commercial Bank of China and China ... ( read original story ...)
Fosun IPO set to broaden Hong Kong equity markets
Fosun Group is on course to plant a new marker for Hong Kong’s equity markets following the launch of an initial public offering in Sisram Medical this Thursday. The IPO, which will raise up to HK$1.35 billion $174 million, is the first example of a ... ( read original story ...)
Chinese banks in Hong Kong will pay you a CASH bonus. Here’s why
http://news.efinancialcareers.com/hk-en/293773/left-us-for-hong-kong-banking/ Want to work at a bank in Hong Kong where your bonus is paid entirely in cash and none of it is deferred, leaving you free to move jobs without sacrificing future income? ( read original story ...)
Hong Kong stocks retreat as Chinese banks under selling pressure
Hong Kong’s stock market closed the ... Wednesday for the first time since May 2015. The Hang Seng China Enterprises index slid 1.1 per cent or 124.91 points to 11,249.55. China Construction Bank slid 2.9 per cent to HK$6.82 and Bank of China fell ... ( read original story ...)