Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for ... ( read original story ...)
Hong Kong airport looking to speed up expansion work to cut impact on flight numbers
The operator of Hong Kong International Airport (HKIA) is mulling how to speed up key aspects of its expansion to allow more flights before the project’s 2024 completion date. The Hong Kong Airport Authority’s options are focused on the closure of the ... ( read original story ...)
Top 10 Most Expensive Business Trip Destinations in Asia
Hong Kong is the most expensive location for business travellers, overtaking Tokyo which drops to second in the rankings, according to the latest Daily Rates research published by ECA International, the world's leading provider of knowledge, information ... ( read original story ...)
“Hong Kong City” proposed in Greater Bay Area
The policy centre Business Professionals in Hong Kong has created a plan to transport a slice of Hong Kong into the mainland. Positioned as an idea to foster integration between the city and its mainland neighbours, it aims to address the needs of the ... ( read original story ...)
Hong Kong Currency Defense Kills Fixed-Rate Mortgage Market
Hong Kong’s banks, blindsided by rising funding costs due to the city’s costly defense of its currency peg, are clamping down on popular fixed-rate mortgages. These loans were provided at 1.68 percent for the first year of a new mortgage, lower than ... ( read original story ...)
Hong Kong’s Currency Defense Kills Fixed-Rate Mortgage Market
Hong Kong’s banks, blindsided by rising funding costs due to the city’s costly defense of its currency peg, are clamping down on popular fixed-rate mortgages. These loans were provided at 1.68 percent for the first year of a new mortgage, lower than ... ( read original story ...)
Hong Kong is so expensive that a single parking space just broke a property record
A car space in Hong Kong's Kowloon district is being rented for or HK$10,000 (US$1,274). This appears to be the most rent ever paid for a Hong Kong parking space, costing more than some of the city's smallest apartments. Hong Kong continues to break ... ( read original story ...)
Hong Kong Monetary Authority bought HK$51 billion during 13 interventions to stabilise currency against US dollar
The Hong Kong Monetary Authority, the city’s de facto central bank, has since Thursday bought HK$51 billion of its own currency by selling US$6.54 billion worth of US dollars to defend the Hong Kong dollar, a move that its deputy chief executive said was ... ( read original story ...)
Why Hong Kong’s Central Bank Intervened and Should We Worry?
Hong Kong’s central bank is buying Hong Kong dollars for the first time since 2005. And lots of them, too. It follows a long slide in the local currency that took it to the lower end of its trading band against the U.S. dollar. In the first week alone of ... ( read original story ...
Hong Kong businesses push back against ‘unfair’ proposal allowing customers to call off pricey deals
Joseph Ho Shiu-chung, former president of the Cosmetic and Perfumery Association of Hong Kong, said banks might prolong the credit ... The cooling-off period would also apply to contracts signed outside business premises and via long-distance ... ( read original story ...)
Success of Hong Kong’s renewable energy plan depends on ‘salesmanship’ of power companies, experts say
The effectiveness of Hong Kong’s newly proposed scheme to spur investment in ... According to the Environment Bureau’s plan, households and business that install renewable energy facilities such as rooftop solar or wind systems may soon be able to ... ( read original story ...)
HSBC veteran in Hong Kong takes COO job at expanding rival
A 14-year HSBC veteran in Hong Kong has left for an expanding Asian bank in the city. https://news.efinancialcareers.com/sg-en/313325/morgan-stanley-jobs-asian-2018/ Mizuho has hired a 14-year HSBC veteran as a Hong Kong-based chief operating officer. ( read original story ...)
PolyU and AMTD launch AMTD FinTech Centre of PolyU Faculty of Business – the first university-industry collaborated FinTech centre in Hong Kong
The launch ceremony of the Centre on PolyU campus was officiated by Mr Nicholas W. Yang, GBS, JP, Secretary for Innovation and Technology of the Hong Kong Special Administrative Region. Dr Annie Wu, SBS, JP, Chairperson of the Global Advisory Committee of ... ( read original story ...)
Hong Kong most expensive in APAC for business travel
Hong Kong is now the most expensive location for business travellers, having overtaken Tokyo which drops to second spot, revealed the latest Daily Rates research published by ECA International. Lee Quane, regional director – Asia for ECA International ... ( read original story ...)