The Hong Kong finance chief sought in his latest budget to make more efficient use of idle or underdeveloped government, institutional and community land to ease the city’s housing crisis. This includes a HK$1 billion subsidy to help NGOs use almost 900 ... ( read original story ...)
Hong Kong reboots with ‘back to the future’ budget as Paul Chan splashes HK$50 billion on hi-tech spending and HK$50 billion on goodies
A budget with a clear eye on the future and massive spending to alleviate people’s burdens – these were the twin pledges from Financial Secretary Paul Chan Mo-po as he set out the Hong Kong government’s spending blueprint with a record surplus of HK$ ... ( read original story ...)
Hong Kong Exchanges and Clearing : HKEX executive says maintaining active dialogue with Saudi Aramco on IPO plan
HONG KONG (Reuters) - Hong Kong Exchanges & Clearing (HKEX) is still maintaining an "active" and "good conversation" with Saudi Aramco about its planned massive share sale, the head of HKEX said on Wednesday. At a news conference after announcing its ... ( read original story ...)
HK police hunting armed bank robber who stole HK$70,000
Police are hunting for an armed robber who stole around HK$70,000 (nearly US$9,000) from a Bank of East Asia branch in Central on Hong Kong Island on Wednesday afternoon. At 3:30pm, a man aged around 50 was seen pointing what appeared to be a gun at a ... ( read original story ...)
Hong Kong’s budget is a push for fintech, innovative industries
Over HK$50 billion ($6.4 billion) would be earmarked for "investing in the future", Chan said, to help innovative and creative industries include a start-up fund and investments in sectors such as fintech. Hong Kong is widely seen to be lagging far behind ... ( read original story ...)
China startup Nio hires eight banks for up to $2 billion U.S. IPO: sources
HONG KONG (Reuters) - Chinese electric vehicle startup Nio has hired eight banks including Morgan Stanley and Goldman Sachs to work on a planned U.S. stock market listing this year worth up to $2 billion, people with knowledge of the matter told Reuters. ( read original story ...)
Hong Kong unveils expansionary budget, push into innovative industries
Over HK$50 billion ($6.4 billion) would be earmarked for “investing in the future”, Chan said, to help innovative and creative industries include a start-up fund and investments in sectors such as fintech. Hong Kong is widely seen to be lagging far ... ( read original story ...)
Hong Kong’s budget to push for fintech, innovative industries
Over HK$50 billion ($6.4 billion) would be earmarked for "investing in the future", Chan said, to help innovative and creative industries include a start-up fund and investments in sectors such as fintech. Hong Kong is widely seen to be lagging far behind ... ( read original story ...)
(Budget) HK$200m for Cyberport to help startups
outside Hong Kong, he says. "The financial assistance offered under Cyberport’s incubation program to individual start-ups will also increase by 50 percent to HK$500,000.'' ( read original story ...)
Hong Kong’s economy seen moderating but expansionary budget to lend support
HONG KONG (Reuters) - Strong consumption ... He will also seek to help innovative and creative industries through tax incentives, a start-up fund and investments in sectors such as artificial intelligence, fintech and biomedical science, with the city ... ( read original story ...)
20 Hong Kong delegates to skip flying in favour of train to Beijing for annual political meetings
But from September the journey could start at Hong Kong’s West Kowloon after a cross-border rail line opens connecting the city to the national network. Their decision to opt for the train is being seen as a publicity stunt to promote the Guangzhou ... ( read original story ...)
A bike-sharing startup just quit France after the ‘mass destruction’ of its fleet
The startup continues to offer its bike-sharing service in Hong Kong. Such dockless bike schemes rely heavily on the goodwill and decency of just about everyone in the city where they operate, after all, it only takes a few individuals to cause ongoing and ... ( read original story ...)
Hong Kong finance chief set to announce close to HK$50 billion in relief measures for city hospitals and taxpayers
Hong Kong’s much-awaited budget on Wednesday will offer relief measures worth as much as around HK$50 billion, along with a key longer-term initiative for a primary health care network in all 18 districts to ease the burden on hospitals, the Post has ... ( read original story ...)
Top Hong Kong developers step up expansion amid property boom
HONG KONG -- Top Hong Kong property developers are accelerating their pace of land-buying after a year-long slowdown, as the once-formidable mainland companies largely drop out of auctions. The restart of land expansion came after another record-breaking ... ( read original story ...)