A surge estimated at HK$20 billion a month in suspicious ATM withdrawals in Hong Kong is attributed to a crackdown on money laundering in Macau. Authorities in the gambling city drove out organised ATM withdrawal gangs by upgrading security. The operations ... ( read original story ...)
Hong Kong trumps Singapore again to be world’s freest economy for 24th year straight, US think tank says
Hong Kong scored high in the four areas taken into account by the index: rule of law, government size, regulatory efficiency, and open markets. A lower incidence of corruption and decrease in business registration fees lifted its overall score by 0.4 this ... ( read original story ...)
Profit growth at Hong Kong banks nearly doubles in 2017, says HKMA
according to the Hong Kong Monetary Authority, the city’s de facto central bank and banking regulator. The banks meted out more loans last year, which grew 16.1 per cent from 2016, and earned higher margins. Their net interest margin – the difference ... ( read original story ...)
Hong Kong ‘Umbrella Movement’ nominated for Nobel prize
Three Hong Kong activists and the pro-democracy group behind the Umbrella Movement have been nominated for the 2018 Nobel Peace Prize for their role in pushing for reform in the Chinese territory. Joshua Wong, Nathan Law and Alex Chow, as well as the ... ( read original story ...)
Hong Kong stocks fall for a second day as Chinese banks retreat
Chinese banks and other big caps led the losers, with China Construction Bank declining 2.85 per cent ... The sell-off in Hong Kong stocks entered a second day after the Hang Seng Index had risen to a record close of 16 times so far this year. ( read original story ...)
Australia’s Entersoft Named Fintech Startup of the Year & Outstanding Application Security Solutions Provider at the 2018 Fintech Awards
Founded in 2013, Entersoft describes itself as an application security startup with a philosophy of Security By ... in countries such as Singapore, Hong Kong, Israel and Australia. The company also reported that this is not the first time it has achieved ... ( read original story ...)
Operator of Okashi Land stores to open unmanned outlet in China with start-up partner EasyGo
Hong Kong-listed Four Seas Group, the operator of the popular Okashi Land confectionery stores in the city, is hitching on the emerging unmanned stores bandwagon in China to expand its reach, according to its partner. EasyGo, a Guangzhou-based start-up ... ( read original story ...)
Hong Kong stocks have their worst week in two months
Feb 2 (Reuters) - Hong Kong’s Hang Seng Index ended Friday marginally down ... Dongfeng Motor Group Co Ltd which fell 0.5 percent and Bank of China Ltd down by 0.4 percent. ** About 2.65 billion Hang Seng index shares were traded, roughly 104.6 percent ... ( read original story ...)
Swire Properties tops out latest office tower in Hong Kong’s new ‘eastern CBD’
The redevelopment of Taikoo Place, which has been part of the Swire empire for 140 years, marks the property developer’s intention ... advisory & transaction services at CBRE Hong Kong. “Firms are investing more time and resources in selecting and ... ( read original story ...)
Hong Kong, China stocks brace for more downdraught
Hong Kong and Chinese stocks may still come under pressure on Friday, adding to a sell-off in the previous session, as the markets have yet to fully digest the implications of disappointing earnings prospects among smaller companies and the liquidation of ... ( read original story ...)
Hong Kong shares weaken as energy, finance stocks fall
The top gainers among H-shares were Industrial and Commercial Bank of China Ltd up 0.27 percent ... at a premium of 30.46 percent over the Hong Kong-listed H-shares. ** The price-to-earnings ratio of the Hang Seng index was 15 as of the last full trading ... ( read original story ...)
Hong Kong pro-democracy activists nominated for Nobel Peace Prize
Hong Kong - a former British colony - was handed over to China in ... He had been on bail pending an appeal against another six-month term. Mr Wong told Reuters news agency he hopes the nomination will give his group more power to strike a deal with ... ( read original story ...)
World War Two bomb in Hong Kong defused by police
These are external links and will open in a new window Hong Kong police have successfully defused a "severely damaged" World War Two bomb found on a construction site in a busy commercial area. More than 4,000 people were forced to evacuate and streets ... ( read original story ...)
U.S. congress members nominate Hong Kong’s Joshua Wong for Nobel Peace Prize
HONG KONG (Reuters) - A dozen members of the United States Congress have nominated Hong Kong's pro-democracy movement, and its most prominent student leader, Joshua Wong, for this year's Nobel Peace Prize, a move that is certain to provoke anger from Beijing. ( read original story ...)