But it’s always advisable to take a more diversified view,” said Luk Kim-ping, head of Fidelity’s Hong Kong defined contribution business. Hong Kong and China equity funds were the MPF’s biggest winners last year, with the top 10 funds by ... ( read original story ...)
Bank to e-wallet instant fund transfers to launch this year in Hong Kong
The wait will soon be over for Hongkongers wishing to perform real-time fund transfers around the clock, after the government confirmed on Wednesday that a faster payment system linking major banks and electronic payment platforms would kick off in September. ( read original story ...)
Hong Kong’s legal chief vows not to resign over unauthorised home improvements
"This particular incident has given me a lot to learn and actually allows me to strengthen myself in performing my duties as the Secretary for Justice in the future," Cheng told a news conference. "I won't resign." People in space-starved Hong Kong are ... ( read original story ...)
HK startup shows the way toward ‘smart’ glass
A Hong Kong startup has rolled out a smart-film product that can easily turn an ordinary glass into a frosted and opaque one and allows the glass to serve as a display monitor. Film Players Ltd., an entity specializing in film and advanced display ... ( read original story ...)
Hong Kong endangered species adviser quits over illegal ivory possession, fined HK$8,000
An adviser for a Hong Kong government panel on endangered species has resigned after being fined HK$8,000 by a local court on Tuesday for illegal ivory possession, the Post has learned. William Lau Sai-yuan said he decided to step down from the Agriculture ... ( read original story ...)
ICO Report: Singapore, Hong Kong and Switzerland are leading
In Hong Kong, government support includes Hong Kong Science & Technology ... The globally renowned Crypto Valley ecosystem, which is home to several notable blockchain and cryptocurrencies startups and organizations including the Ethereum Foundation ... ( read original story ...)
Hong Kong Bar Association must steer clear of politics, top lawyer warns, as poll contest heats up
Hong Kong’s leading criminal lawyer Cheng Huan has warned against any politicisation of the city’s professional body for barristers, saying the Bar Association should only weigh in on the legal aspect of politically divisive issues and not side with ... ( read original story ...)
Every Startup Dreams Of Global Expansion — This Company Lets You Do It Right Out Of The Box
Helping startups scale and begin that journey to profitability is the mission of Stripe and Piruze Sabuncu, who has served as the company’s Head of Southeast Asia and Hong Kong since 2015. Sabuncu experienced failure earlier in her career as part of a ... ( read original story ...)
Yuan IPO in HK may raise cash for Belt, Road
[Photo by Edmond Tang/China Daily] The government is considering giving a green light to high-quality companies involved in the Belt and Road Initiative to raise funds through a yuan-denominated initial public offering in the Hong Kong stock market. ( read original story ...)
Hong Kong officials find 10 illegal structures at homes of new justice minister Teresa Cheng and husband
Buildings Department officials on Tuesday found 10 illegal structures at the homes of Hong Kong’s new justice minister and her husband, who admitted he had not consulted professionals to see if his home was up to code. The findings added to a scandal ... ( read original story ...)
Hong Kong IPO is said to be 1,500 times oversubscribed in frenzy
Investors are still flocking to initial public offerings in Hong Kong, with a Chinese eye-clinic chain drawing the heaviest demand in more than a decade even after some of last year's hot deals fell below their offer prices. Individual buyers placed orders ... ( read original story ...)
Hong Kong stocks extend longest winning streak since 1999 on Tencent and Chinese insurers
Banks were mixed. China Construction Bank edged up 0.1 per cent to HK$7.59 and HSBC Holdings rebounded 0.6 per cent to HK$80.95. Industrial & Commercial Bank of China eased 0.8 per cent to HK$6.5 and Bank of China was flat at HK$3.99. Mainland stocks rose ... ( read original story ...)
Hong Kong stocks gain for 10th session, longest winning streak in over 5 years
China Life dropped 1.02 per cent to HK$24.35 and New China Life Insurance fell 1.48 per cent to HK$53.30. Among banks, China Construction Bank eased 0.39 per cent to HK$7.58, HSBC dropped 0.37 per cent to HK$80.50 and Hang Seng Bank lost 0.98 per cent to ... ( read original story ...)
Self doubt about ability to own homes puts Hong Kong consumer confidence behind the mainland, Taiwan and Macau
Hong Kong has the lowest overall consumer confidence among mainland China, Taiwan and Macau, surveys conducted by universities across the regions have found. The city’s score was dragged down by a sharp decline in faith in the property market despite the ... ( read original story ...)