Hong Kong is set to reap a bumper budget surplus this year as experts warn of a structural surplus problem, with HK$120 billion already in the bag and the final figure likely to be just shy of HK$160 billion by the end of March, according to figures ... ( read original story ...)
Foxconn to use proceeds from unit’s Shanghai IPO to fund $4 billion projects
HONG KONG (Reuters) - Taiwan's Foxconn ... China International Capital Corporation is the sponsor and lead underwriter for the IPO. FII made a net profit of 16.2 billion yuan in 2017, according to the filing, representing a compounded annual growth ... ( read original story ...)
OneForce To Raise Up To $11.8 Million In Hong Kong IPO
HONG KONG (Feb 12) -- China's OneForce Holdings on Monday said it expects to raise up to HK$92.2 million ($11.8 million) in gross proceeds from an initial public offering in Hong Kong. The electric power industry-focused information technology service ... ( read original story ...)
Hong Kong lawmakers primed for showdown over joint checkpoint plan as 60 of 64 Legco members sign up for key committee
Legislators across Hong Kong’s political spectrum were preparing for a showdown over a controversial joint checkpoint plan for a high-speed cross-border rail link, with almost all lawmakers vying for a seat on the bills committee that will start ... ( read original story ...)
After retiring from HSBC Group, CEO Stuart Gulliver plans a three-month sailing trip
Later this month, HSBC Group CEO Stuart Gulliver will step down from his role ... “In truth, I will retire in HK (Hong Kong) at about 80,” Gulliver said in response. Is that a clue to what’s next? ( read original story ...)
Anson Chan slams Hong Kong’s ‘naked political screening’ as she receives US justice prize
The recent election ban on young Hong Kong activist Agnes Chow Ting is no different from “naked political screening of a pro-democracy candidate”, the city’s former No 2 official said on Sunday as she urged the international community to speak out ... ( read original story ...)
How free is Hong Kong?
Anything that causes people to worry about their health or security is bad news for Hong Kong, given its status as a tourism and business magnet. Confidence is critical in the former British colony, which prides itself on its reputation as one of the most ... ( read original story ...)
Why Hong Kong investors are turning to the US to trade bitcoin futures
A growing number of Hong Kong investors are turning to the US market for trading bitcoin futures because they see it as safer than trading on Hong Kong’s unregulated cryptocurrency exchanges, according to brokers. In the US, bitcoin futures were launched ... ( read original story ...)
19 killed in Hong Kong double-decker bus crash
HONG KONG -- A double-decker bus lost control and crashed in a Hong ... Multiple passengers interviewed by the TVB and Cable TV news channels said the bus was speeding. The passengers were not identified by name. The South China Morning Post newspaper ... ( read original story ...)
Hong Kong double-decker bus crash kills 18
HONG KONG --A double-decker bus crashed in a Hong Kong suburb on ... the crash and offer financial assistance to the families of each victim, Reuters news agency reports. Photos and videos published by local media or posted by users on social media showed ... ( read original story ...)
Hong Kong double-decker bus mishap kills 19, hurts 60
The safety of Hong Kong’s notoriously crowded waterways has also remained under scrutiny since 39 people were killed when a high-speed ferry and a pleasure boat crashed in 2012. /cbb Don't miss out on the latest news and information. ( read original story ...)
Trial scheme allows 15 young buyers to snap up Hong Kong flats with ‘super low’ down payments
Only those aged between 25 and 35, who were permanent residents and had never owned property in Hong Kong, were eligible for the scheme, called the NewGen First Home Program. Prices at the 27-storey tower ranged from HK$5.87 million (US$752, 500 ... ( read original story ...)
19 killed, dozens hurt in Hong Kong double-decker bus crash
Multiple passengers interviewed by the TVB and Cable TV news channels said the bus was speeding. The passengers were not identified by name. Firemen work at the scene of a bus crash in Hong Kong, Saturday, Feb. 10, 2018. A double-decker bus crashed in a ... ( read original story ...)
Hong Kong bus union blames officials for fatal crash
A bus union representative has blamed the Hong Kong government for Saturday’s fatal crash in Tai Po, saying the accident raised again a host of issues. Wong Yu-loi of the Hong Kong Confederation of Trade Unions cited excessive hours, a shortage of ... ( read original story ...)