HKMC Annuity is a unit of the government-owned Hong Kong Mortgage Corporation. It will collect the money from buyers of the annuity, up to the maximum HK$10 billion allowed, and will invest the money to provide the guaranteed monthly payments. It will ... ( read original story ...)
Hong Kong in pictures: when squatter huts covered hillsides
Residential property – and the lack of it – is never out of the news for long in Hong Kong. In recent times, the big issues have been the housing affordability crisis, the individuals and families forced to live in often squalid subdivided flats ... ( read original story ...)
Hong Kong dollar plummets to weakest level in trading band in 33 years
Howard Lee, deputy chief executive at the HKMA, Hong Kong’s de facto central bank, was speaking at a press conference called to provide updates about the city’s progress in its attempts to move into what it has called a “new era of smart banking”. ( read original story ...)
Inside Hong Kong’s lawless walled city – the most crowded place on Earth for 40 years
Slightly north of Hong Kong there once stood one of the most densely populated places on earth. From the 1950s until 1994, over 33,000 people lived and worked in Kowloon Walled City, a massive complex of 300 interconnected buildings that took up a city block. ( read original story ...)
Hong Kong ‘tiger’ scare after feline sighting
Hong Kong's authorities have searched a country park after receiving a call from a couple who claimed to have spotted a tiger in the area. However police found no trace of the animal, which was described as yellow and 90cm (3ft) long. It is now thought the ... ( read original story ...)
HKETO Berlin promotes Hong Kong business opportunities in Hungary (with photo)
Following a fruitful trip to Hong Kong of a business delegation organised by the Hungarian Chamber of Commerce and Industry in December 2017, the Hong Kong Economic and Trade Office, Berlin (HKETO Berlin) together with Invest Hong Kong (InvestHK) built on ... ( read original story ...)
Standard Chartered to plough more cash into digital banking, says Hong Kong chief
Standard Chartered Bank, which invested US$400 million in its digital banking operations globally in 2017, will pour more money into developing fintech services in the coming year, according to its boss in Hong Kong. Mary Huen Wai-yi, the lender’s chief ... ( read original story ...)
Why 117-year-old Hong Kong utility CLP seeks partnerships and stakes in tech start-ups
CLP Holdings, the larger of Hong Kong’s two electricity suppliers, is looking for more partnerships with universities and strategic investments in start-ups with technologies and ideas that can help the 117 year-old utility become more cost efficient and ... ( read original story ...)
22 Best Shops in Hong Kong
Let’s start with scale. Where are we between global flagship and neighborhood boutique? As one of Hong Kong's most famous local design shops, there are G.O.D.s big and small all over the city, however, this is the largest, spread across two floors in ... ( read original story ...)
OP Financial (01140.HK) Commences Trading through Stock Connect Today
HONG KONG, March 5, 2018 /PRNewswire/ -- The leading cross-border investment platform with integration of industry and finance -- OP Financial Investments Limited ("OP Financial" or "the Company", stock code: 01140.HK) is pleased to announce that the ... ( read original story ...)
Hong Kong announces world’s largest sovereign green bonds programme
Hong Kong has announced plans for a green bond programme with a borrowing ceiling of HKD100bn (US$12.8bn) as part of its budget for 2018/19, in a bid "to demonstrate the government's commitment to promoting green finance". The scale of issuances surpasses ... ( read original story ...)
Hong Kong’s dollar weakens to three-decade low, testing city’s resolve to defend currency peg
“People are selling Hong Kong dollars to position for an interest-rate increase by the US Federal Reserve in March,” said Jasper Lo Cho-yan, senior vice-president at iBest Finance in Hong Kong. “As Hong Kong’s banking system is flooded with ample ... ( read original story ...)
HK$1m safety net per policy for Hong Kong policyholders in case of insurer collapse
“Although Hong Kong has a very robust regulatory system, and there have only been a handful of insolvencies involving small non-life insurers in the past two decades, the 2008 international financial crisis highlighted the need for a more comprehensive ... ( read original story ...)
Hong Kong budget fails to share bumper surplus with the needy
CENTRAL: Finance chief Paul Chan has maintained that the government will give about 40 percent of the surplus back to the public through various means. The plan included a number of tax rebates, with salaries tax, tax under personal assessment ... ( read original story ...)