Wong Kim Man, convenor of the HKICPA corporate governance working group, said Hong Kong needs to strike a balance between business development and investor protection to stay competitive. The SFC should require listed companies to disclose breaches of ... ( read original story ...)
Hong Kong developer New World Development to invest US$2.5b in Skycity airport retail complex
The Greater Bay Area links the cities of Hong Kong, Macau, Guangzhou, Shenzhen, Zhuhai, Foshan, Zhongshan, Dongguan, Huizhou, Jiangmen and Zhaoqing into an integrated economic and business hub. Thomas Lam, senior director at real estate consultancy Knight ... ( read original story ...)
HONG KONG | Asia shares fall as markets mull Fed, await China trade meet
HONG KONG — Asian stock markets were mostly lower Thursday as ... QUICK TAKE: “With much of the good news in the equity world currently factored in, investors are left mulling over the paradoxical landscape of stellar earnings but higher interest ... ( read original story ...)
Hong Kong police expect to receive anti-riot vehicle with water cannons this month
The first of three anti-riot vehicles equipped with water cannons will arrive in Hong Kong this month after a two-year wait, but the controversial police purchase will not be deployed during the annual July 1 pro-democracy rally. A senior police source ... ( read original story ...)
Is Hong Kong measles case linked to flight that may have sparked outbreaks in Japan and Taiwan?
Health authorities in Hong Kong are trying to determine whether an expatriate man confirmed with measles was infected on a Tigerair flight linked to outbreaks in Japan and Taiwan which have left more than 100 people ill so far. The 46-year-old expat had ... ( read original story ...)
China’s Xiaomi files for mega Hong Kong IPO, lifts lid on financials
BEIJING (Reuters) - Smartphone and connected device maker Xiaomi [IPO-XMGP.HK] filed for a Hong Kong initial public offering on Thursday, in what is expected to be the largest listing by a Chinese tech company in almost four years. The listing could value ... ( read original story ...)
These East Asian cities are leading the way for entrepreneurs — you can start up for under $3,000
When it comes to start-ups, Silicon Valley has long reigned supreme, staking claim to international success stories from Apple to Facebook. But the landscape is shifting. New start-up scenes are popping up across the globe as cities seek to take a piece of ... ( read original story ...)
What Could End Hong Kong’s Property Boom? Here Are Some Triggers
Hong Kong property companies such as Sun Hung Kai Properties Ltd. and CK Asset Holdings Ltd. are bracing for the first increase in the city’s prime rate in more than a decade. A higher prime rate, which sets the upper limits on mortgages, could damp ... ( read original story ...)
Why remittance startup Bitspark abandoned bitcoin
Harrap told the Hong Kong Economic Journal in an interview that the company ... He admits that Bitspark is trying to snatch business from these remittance giants. So far the startup has recorded more than 5,000 users, including about 12 money transfer ... ( read original story ...)
Hong Kong shares fall ahead of Sino-U.S. trade talks, Fed policy statement
May 2 (Reuters) - Hong Kong stocks fell on Wednesday ... The top gainer on Hang Seng was Sunny Optical Technology Group Co Ltd up 4.92 percent, while the biggest loser was Bank of Communications Co Ltd which was down 2.32 percent. ( read original story ...)
Banks Seeking Hong Kong Deposits Push Rates as High as 3%
“This trend will continue as rates are only going up,” Lawrence Kung, head of the deposits department at Wing Lung Bank Ltd. in Hong Kong, said in a phone interview. “Banks are preparing themselves in terms of funding before the rate-hike cycle. ( read original story ...)
Filipino tycoon says Hong Kong missing out on business opportunities in her country
A prominent Filipino businesswoman has said Hong Kong investors have overlooked her country’s potential, urging them to forget any negative perceptions they have about the country and invest. Teresita Sy, daughter of the country’s richest man, Henry Sy ... ( read original story ...)
Belt and road trade advantages in Indonesia? Hong Kong business leaders speak of challenges
Infrastructure and professional services have long been hailed by Hong Kong officials as the city’s advantage in Southeast Asia under Beijing’s “Belt and Road Initiative”, yet business leaders with projects in Indonesia tell a different story. ( read original story ...)
Hong Kong Report Suggests Cryptocurrency Is Largely Left Out Of City’s Organized Crime
The Hong Kong Financial Services and Treasury (FSTB) has released its Money Laundering and Terrorist Financing Risk Assessment Report. The report comes amid an increasingly tense debate on whether the city is adequately combatting financial crime. ( read original story ...)