Hong Kong’s financial secretary has urged local developers to “seize the advantage” of strong Beijing support to advance in innovation and technology, after President Xi Jinping directed state agencies to give the city’s scientists greater access ... ( read original story ...)
Hong Kong’s millennials join red-hot property party, snap up 50pc of units launched over weekend
Hong Kong’s millennials, fearing that they will soon be unable to afford property in one of the world’s most expensive cities, have joined the real estate rush. Buyers snapped up about 250 units in four projects with prices ranging from HK$19,975 to HK ... ( read original story ...)
Top Philippine diplomat in Hong Kong Antonio Morales backs calls to raise minimum wage of city’s domestic helpers
While Hong Kong has opened its doors to domestic helpers from the Philippines, Indonesia and other countries for many years, it was only about two years ago that some mainland Chinese cities followed suit. Gulf News reported that Filipino teachers would ... ( read original story ...)
Beijing police ‘edited’ video to mislead public over Hong Kong reporter’s arrest, journalist association says
The Hong Kong Journalists Association slammed mainland Chinese authorities ... The incident came four days after i-Cable News journalist Chan Ho-fai was kicked and beaten by two men in China’s southwestern Sichuan province while reporting on the 10th ... ( read original story ...)
Hong Kong to reach decision by November on lifting Japanese food import ban over Fukushima disaster
On Saturday Japanese news agency Kyodo reported that Lam told visiting members of the Japan-Hong Kong Parliamentarian League earlier this month that she was exploring measures to scrap food import restrictions. It also stated that Lam hoped to make the ... ( read original story ...)
Don’t be demoralised by Occupy failure – change gonna come, acclaimed Korean news anchor tells Hong Kong
Hongkongers should not be demoralised by the failure of the 2014 “umbrella movement” but continue to fight for democracy, according to one of South Korea’s most acclaimed news anchors whose investigative reporting led to the downfall of the country ... ( read original story ...)
Hong Kong children expose their identities, thoughts and flesh to millions of strangers on popular iPhone app Tik Tok, Post finds
Hundreds of Hong Kong children, some as young as nine, are exposing their identities, innermost thoughts and even flesh to millions of strangers on the world’s most popular iPhone app, an investigation by the Post has found. Tik Tok, a fast-growing ... ( read original story ...)
How Hong Kong is making it hard for young couples to make wedding plans … and forces them to live apart after marriage
The young couple had a traditional wedding in the city – an expensive practice given Hong Kong’s high costs – but they cannot afford a flat because of soaring property prices. While it may seem unconventional, living apart after marriage has ... ( read original story ...)
Hong Kong’s Retailers Ride High on Shopping Boom
Then there’s the specter of rising borrowing costs threatening the local housing market and slowing spending in Hong Kong, which last week reported its fastest economic growth since 2011 in the first quarter -- in part on resilient property prices. ( read original story ...)
Hong Kong Property Developer Set to Default on Dollar Bonds
Hsin Chong Group Holdings Ltd. is set to become the second Asian company to default on its U.S. dollar bonds this year, the latest sign of rising borrowing costs impacting weaker firms’ ability to repay debt. The Hong Kong-listed builder anticipates it ... ( read original story ...)
Hong Kong lords over New York and London as world’s most luxurious home market
Hong Kong remains the world’s most luxurious residential property market for two years running, Christie’s International Real Estate declared this week. The severely unaffordable luxe home market set the highest price per square foot among the 80 ... ( read original story ...)
Hong Kong Press: property prices are a huge threat to China’s financial stability
South China Morning Post, a Hong Kong newspaper, is out today with a report on comments made by a former advisor to the Chinese State Council, Xia Bin, who worked as a senior official at the People's Bank of China. Systemic risks are elusive and spread ... ( read original story ...)
Jailed former Hong Kong minister Patrick Ho bribery trial: prosecutors ‘reject flats as surety, fearing China would interfere’
Former New York federal prosecutor Patrick Sinclair said that although it was uncommon for foreign property to feature in a bail package, prosecutors’ concerns showed a “lack of familiarity” with Hong Kong’s independent judicial system. He said US ... ( read original story ...)
Lenovo Is Dropped From Hong Kong’s Hang Seng Index
The outlook for Lenovo Group Ltd. shareholders is looking grimmer after the stock was dropped from Hong Kong’s benchmark stock gauge. The Beijing-based company will be replaced by CSPC Pharmaceutical Group Ltd., as part of Hang Seng Indexes Co.’s ... ( read original story ...)