China’s education minister has called for a stronger sense of national identity among Hong Kong’s teachers so they can do a better job of instilling patriotism in the city’s youth. On the sidelines of the Communist Party’s national congress in ... ( read original story ...)
Hong Kong shares end lower; property, financial stocks weak
Oct 23 (Reuters) - Hong Kong stocks fell on Monday, led by banking and property shares, amid concerns of slowing economic growth in China, where government curbs are hurting real estate sales. The Hang Seng index fell 0.6 percent, to 28,305.88, while the ... ( read original story ...)
World’s largest garment maker eyes HK$4.5 billion IPO, Hong Kong’s biggest since 2015
Crystal International Group, the Hong Kong-based garment manufacturer, is looking to raise as much as HK$4.48 billion (US$570 million) in an initial public offering (IPO) on Monday, after having attracted cornerstone investors including the owners of ... ( read original story ...)
HSBC appoints Jayant Rikhye as CEO for India operations, will replace Stuart Milne
The Hongkong and Shanghai Banking Corporation (HSBC) has appointed Jayant Rikhye as the new Chief Executive Officer for India operations, replacing Stuart Milne. Rikhye, who joined the HSBC in 1989, will begin his tenure on December 1. He is currently the ... ( read original story ...)
Hong Kong must do more to shed ‘laissez-faire’ business attitude, says Canadian Chamber president
The government’s new tax initiatives were a good start towards fostering small and medium companies but more must be done to overcome Hong Kong’s overly “laissez-faire” attitude towards business, the Canadian Chamber of Commerce in Hong Kong ... ( read original story ...)
Bid to break chains of Hong Kong housing market as way to boost ownership
Owners of subsidised flats may not have to pay a high price to fully privatise their properties under a pilot scheme proposed on Monday that echoes the vision of Hong Kong’s leader to boost home ownership. Our Hong Kong Foundation, a think tank founded ... ( read original story ...)
Hong Kong’s miserly approach to elderly care is nothing to be proud of
Reverse mortgages and other financial instruments ... As is so often the case, the easy path is taken: simply employ more migrants. But how Hong Kong will compete for such migrant carers in an ever-ageing region and world is, however, not clear. ( read original story ...)
Tencent’s China Literature, mainland’s biggest online publisher, launches IPO worth up to US$1.1 billion
More Chinese fintech firms to eye Hong Kong IPOs, says JP Morgan ZhongAn Online Property and Casualty Insurance, China’s first online-only insurer, debuted last month and has surged 37 per cent from its IPO price. The company raised US$1.5 billion in ... ( read original story ...)
Hong Kong to drop new board plan, amend rules to let start-ups, dual-class companies raise funds
Hong Kong’s government has signalled that it intends to drop a plan to establish a new board on the city’s stock exchange for start-ups and companies with multiple-class shareholding structures to raise capital, choosing instead to amend existing rules ... ( read original story ...)
HSBC appoints Jayant Rikhye as CEO for India operations
The Hongkong and Shanghai Banking Corporation (HSBC) has appointed Jayant Rikhye as the new Chief Executive Officer for India operations, replacing Stuart Milne. Rikhye, who joined the HSBC in 1989, will begin his tenure on December 1. He is currently the ... ( read original story ...)
Jayant Rikhye to take over as HSBC India CEO
London based Hongkong and Shanghai Banking Corp (HSBC) has appointed Jayant Rikhye as India CEO effective from December 1, subject to regulatory approvals. Indian born Rikhye has spent his entire career at HSBC since starting at the bank in 1989. ( read original story ...)
Eight Hong Kong bankers who quit finance for Alibaba
Alibaba, China’s e-commerce behemoth, has a thing for hiring bankers into senior leadership roles. It appointed 20-year Goldman veteran Michael Evans as its president in 2015, and a year later named another ex-Goldmanite, Douglas Feagin, as head of ... ( read original story ...)
AIA Group’s new business climbs 20% helped by China, Hong Kong
REUTERS: AIA Group Ltd, the world’s third-largest life insurer by market value, clocked a 20 percent increase in new business in the third quarter aided by strong sales in its main markets of China and Hong Kong. China and Hong Kong together account for ... ( read original story ...)
Why mainlanders have lost their appetite for Hong Kong’s fast food
Now a frequent visitor to Hong Kong on business trips and holidays, Li said that while Cantonese food still appeals to her, Hong Kong fast food chains are no longer among her dining options. “I would still go to Cantonese restaurants such as Tao Heung ... ( read original story ...)