Alok Gupta is a Hong Kong-based freelance journalist who specialises in environment and development issues. This story was published with permission from Citiscope, a non-profit news outlet that covers innovations in cities. More at Citiscope.org. ( read original story ...)
Profits jump for HKMC
The Hong Kong Mortgage Corporation Limited saw first-half unaudited consolidated profit rise 95 percent from HK$296 million in 2016 to HK$578 million in 2017. HKMC said the increase was primarily due to income arising from exceptional gains on investments ... ( read original story ...)
As The Narrative Of HDB Changes, Will Our Relationship With CPF Change Too?
One of the silent unanswered questions is: After the land lease ends for the properties in Hong Kong, what happens ... If HDB Does Not Depreciate, Why 3 Different Mortgage Criteria? Finally, Kok Hoe highlights further validation that home prices do ... ( read original story ...)
Hong Kong Bourse May Extend Monday’s Losses
BOC Hong Kong fell 0.39 percent, New World Development dipped 0.35 percent and Hong Kong & China Gas was unchanged. The lead from Wall Street suggests mild consolidation as stocks showed a lack of direction on Monday before ending slightly lower. ( read original story ...)
Why China’s latest bank reserve ratio cut comes with strings attached
Larry Hu, chief China economist at Macquarie Securities in Hong Kong, said the PBOC had been held hostage to the market’s view that a broad reserve ratio cut equated to loosening, making the central bank reluctant to use the tool. Hu said there were good ... ( read original story ...)
Citi Ventures Invites 60 University Students From Hong Kong to Visit As Part of The Week-Long Fintech Bootcamp At Stanford
Citi Ventures announced on Monday it welcomed 60 university students from Hong Kong to its San Francisco office in September ... partners with entrepreneurs to make strategic investments in start-ups that are developing solutions across Data Analytics ... ( read original story ...)
We will not skip national anthem, says Hong Kong soccer chief as patience wears out with boo boys
The March of the Volunteers will ring out from Hong Kong Stadium on Tuesday night ... Under Fifa rules, it is not necessary to play the national anthem before the start of an international match if both teams and the match commissioner agree. ( read original story ...)
Hang Seng Bank (0011) Declines -0.99% on Oct 9
Hang Seng Bank together with other companies found their audience at this market. This is mainly the reason behind the region’s fast-paced economic growth. In terms of market capitalization, the Stock Exchange of Hong Kong (SEHK) is the third largest ... ( read original story ...)
Honda Aircraft Company Expands HondaJet Sales to China, Hong Kong and Macau
Hong Kong and Macau. "The HondaJet has been received with tremendous interest in and around China and we have appointed Honsan General Aviation HondaJet as a dealer in the region. With its strong focus on quality and customer service, Honsan General ... ( read original story ...)
Financial Services Quarterly Report – Third Quarter 2017: Hong Kong SFC Issues Clarification on Standards Expected of Asset Managers
The Hong Kong Securities and Futures Commission (SFC) recently released a circular outlining its views on how asset managers should address certain conflicts of interest between private funds and separately managed accounts and avoid practices that ... ( read original story ...)
Here’s why Hong Kong’s commuting subsidy will hurt the people it’s supposed to help
Hundreds of thousands of Hong Kong’s long distance bus and rail commuters will get special public transport fare discounts under a concession scheme to be outlined by Chief Executive Carrie Lam Cheng Yuet-ngor ... Sources have confirmed the government is ... ( read original story ...)
American Airlines Flight From Hong Kong Cancelled After Cargo Catches Fire
An American Airlines flight from Hong Kong to Los Angeles was canceled Monday after fire broke out next to the aircraft while the plane was parked at the gate. A piece of loading equipment ignited while in the process of loading cargo into the hold of the ... ( read original story ...)
Hong Kong’s iconic Jumbo Floating Restaurant to be given a facelift
It’s even appeared in a few movies itself. And now it’s time for Hong Kong’s famous Jumbo Floating Restaurant to get a facelift, according to the owner, Melco International Development. “Last time we had a major refurbishment was 15 years ago. ( read original story ...)
‘Psychiatric medication’ found in flat of Hong Kong man suspected of killing his elderly mother
A 34-year-old man who was accused of murdering his bedridden mother before jumping from a 16th-floor flat in a suicide bid on Sunday was a psychiatric patient at a Hong Kong hospital and received his last consultation 11 days ago before the brutal killing ... ( read original story ...)