Li Ka-shing’s retirement marks end of era for empire builders New generation now faces pressure to run conglomerates wisely The retirement of Hong Kong billionaire Li Ka-shing marks another milestone in a vast wealth transfer now underway from a scrappy ... ( read original story ...)
Hong Kong’s regulator halts initial coin offering, orders Black Cell to return tokens to investors
Hong Kong’s securities regulator has ordered a company that is raising capital through an initial coin offering to halt the fundraising and return all tokens to investors, an unprecedented move to rein in the runaway market for cryptocurrencies. ( read original story ...)
Hang Seng closes flat
Stocks in Hong Kong barely moved today as regional equity markets were mixed. The benchmark Hang Seng Index inched up 0.04 percent, or 11.79 points, to close at 31,513.76. Turnover on the main board amounted to HK$106.22 billion. In mainland China ... ( read original story ...)
Hong Kong business and professional delegation visits Cambodia (with photos)
A 48-strong Hong Kong delegation comprising businessmen and professionals led by the Secretary for Commerce and Economic Development, Mr Edward Yau, arrived in Phnom Penh today (March 19) for the first leg of their visit to Cambodia and Vietnam, meeting ... ( read original story ...)
Hong Kong construction worker, 39, arrested after alleged attempt to grab police officer’s gun
A Hong Kong construction worker was arrested on Saturday night after a failed attempt to snatch a police officer’s gun, just days after another man was arrested over a similar incident. The suspect, 39, allegedly beat his 12-year-old elder daughter with ... ( read original story ...)
Hong Kong’s richest woman sees her wealth halved
Chu's Hong Kong-listed Kingston Financial Group tumbled again by as much as 12 percent on Monday after index provider FTSE Russell removed the stock from its benchmarks, according to Bloomberg News. Monday's crash comes on the heels of a steeper slide ... ( read original story ...)
HKTDC Launches New “Start-up Express” Incubation Programme
HONG KONG, Mar, 19 2018 - (ACN Newswire) - The Hong Kong Trade Development Council (HKTDC) has launched a new incubation programme, Start-up Express, to help start-ups build networks, market business and attract investment. Each of the 10 winners is ... ( read original story ...)
Hong Kong stocks flat as investors await Fed meeting, digest China appointments
HSI flat, HSCE -0.1 pct, CSI300 +0.4 pct HSI financial sector sub-index is flat; property sector down 0.7 percent March 19 (Reuters) - Hong Kong stocks were barely ... term of President Xi Jinping. ** The Hang Seng index was largely unchanged at 31,513.76 ... ( read original story ...)
40,900 new firms set up in Qianhai zone in 2017 but Hong Kong broker tenants still in short supply
Some 40,900 companies were newly registered during 2017 in the zone, which is only an hour’s drive by car from Hong Kong. Of those 164,900, 40 per cent have already started operating, including some major names such as HSBC, Hang Seng Bank and Credit ... ( read original story ...)
Hong Kong’s stocks fall as developers and energy firms retreat
as losses in property developers and energy producers offset gains in China Unicom (Hong Kong). The Hang Seng Index dropped 0.2 per cent, or 65.48 points, to 31,475.62 as trading got under way on Friday, paring the five-day gain to 1.2 per cent. ( read original story ...)
Hong Kong Shares May Face Continued Selling Pressure
The Hang Seng Index now rests just above the 31,435-point ... between 31,141.85 and 31,453.48 on turnover of 103.21 billion Hong Kong dollars. Among the actives, China Construction Bank skidded 1.28 percent, while Sands China lost 1.20 percent, Industrial ... ( read original story ...)
Cecil Chao: Hong Kong government needs more land for affordable homes
Hong Kong’s “playboy” property tycoon Cecil Chao Sze-tsung has called on the government to source more land to build affordable flats to ease the city’s housing crisis, even at the cost of private developers’ share of the pie. Speaking to the ... ( read original story ...)
“I hesitated before joining HSBC in Hong Kong. It’s just too nice and too soft”
On the face of it, I’ve had a textbook start to my investment banking career: finance degree from major US university completed; internships in the bag; job offer from global bank accepted; traineeship kicked off a few months ago. But my path to my ... ( read original story ...)
Hong Kong’s financial rivalry with Singapore turns caustic
A flag bearing the logo of the Hong Kong Exchanges and Clearing flies in Hong Kong. HKEX has gained more than 120% since the start of 2014, and at Thursday’s close was the second-biggest exchange operator in the world by market value, according to data ... ( read original story ...)