Hong Kong's Hang Seng advanced 0.7 percent to 28,392.77 but Australia's S&P/ASX 200 lost 0.7 percent to 5,660.40. Stock markets were closed in mainland China, South Korea and Taiwan for holidays. LOOKING FOR LEADS: With some key Asian markets closed ... ( read original story ...)
Chinese pottery sets world record after selling for £28m at Sotheby’s auction in Hong Kong
It was expected to fetch about £10million but the price kept climbing at Sotheby’s in Hong Kong. The price paid by the anonymous winning bidder was a world record for a Chinese ceramic piece, beating the £27.1million paid in 2014 for a 15th century ... ( read original story ...)
Hong Kong bus company pays one-off HK$30,000 each to 15 victims of deadly crash
A one-off compassionate payment of HK$30,000 has been granted by Hong Kong bus operator Citybus to 15 victims who ... Cheng, who has been helping about a dozen victims, said he received news on Wednesday that Citybus had agreed to allocate the sum of ... ( read original story ...)
Hong Kong judges see lowest pay rise in eight years amid manpower crunch
Judges will get a pay rise of 2.95 per cent, the lowest in eight years, as Hong Kong’s judiciary seeks to bring salaries to competitive levels to tackle a manpower shortage that has left more than 20 per cent of posts on the bench vacant. The government ... ( read original story ...)
Hong Kong has world’s most expensive real estate, says Century 21 survey
Hong Kong has the most expensive real estate in the world, with the average single-family home in the Kowloon area priced at $3,570.23 per square foot, says a recent survey by Century 21 Canada. This is 3.5 times more expensive than Beijing, the second ... ( read original story ...)
Hong Kong government lacks creative ideas to tackle soaring home prices
The situation is putting further pressure on Hong Kong Chief Executive Carrie Lam Cheng Yuet-ngor ... That support even went so far as parents taking out mortgages on the family’s main residence to help fund flat purchases by the children, the authority ... ( read original story ...)
‘Whale’ gamblers also placed bets on B.C. real estate
“Once they’re done gambling, they can take their winnings in U.S. funds or Hong Kong dollars and invest it in property ... loans were made by Jin to BCLC-identified VIPs for them to make mortgage payments on Vancouver homes. Another common transaction ... ( read original story ...)
Hong Kong stocks highest in over two years, boosted by property developers
Hong Kong stocks reached their highest level in almost two and a half years at the close on Wednesday, as property developers, banks and insurers led the gains. The benchmark Hang Seng Index advanced 0.7 per cent, or 206 points, to finish the Wednesday ... ( read original story ...)
Most Hong Kong business travellers want leisure time on work trips
More than half of Hong Kong business travellers say that adding leisure time during a business trip makes their meetings more successful, according to a recent Booking.com for Business survey. The study, conducted with more than 17,000 working ... ( read original story ...)
Did Hong Kong fumble the ball on China’s ‘golden era’? Yes, says Credit Suisse
Hong Kong has missed the boat on a more than decade-long opportunity to benefit from China’s development, as the mainland’s growth super-cycle is now set to cool amid credit deleveraging and as consumption replaces investment as the centrepiece of the ... ( read original story ...)
Hong Kong bourse sees most short-seller attacks in 2017, prompting tightening regulation
Hong Kong’s listed companies were on the receiving end of the ... HKEX forced Asia Coal to suspend trading and enter the initial stage of delisting procedures, citing its inactive business operations or valuable assets. The company soon announced a ... ( read original story ...)
Private Limited Company incorporation in Hong Kong – What You Need to Know
Hong Kong follows the English law or British law and has one country but two systems. Hong Kong has a stable and open economy that helps the foreign business investors to set up a company easily. Important things about Private Limited Company incorporation ... ( read original story ...)
Former Hong Kong leader appears in court over sandwich ‘attack’
Unpopular former Hong Kong leader Leung Chun-ying testified on Wednesday in a ... Footage of the incident captured by local news network i-Cable was played in court and showed the back of Leung, who was seen ducking smoothly when the sandwich was thrown. ( read original story ...)
Hong Kong universities get high rankings in law and education despite political controversies
Universities in Hong Kong were recognised as top schools of law and education in Asia according to a global survey, despite ongoing controversies involving the city’s rule of law and freedom of expression. The rankings announced by the Times Higher ... ( read original story ...)