Launched in 2000, the MPF covers 2.8 million workers and self-employed people in Hong Kong, but has come under regular criticism for charging high fees on top of poor investment returns. Struggling financial markets have not helped recently, with investors ... ( read original story ...)
Benny Tai accused of turning Hong Kong’s streets into ‘rivers of blood’ by pro-Beijing lawmakers during heated independence debate
One of the harshest comments came from lawmaker Holden Chow Ho-ding, who accused the activist of turning Hong Kong’s streets into “rivers of blood”. Pro-democracy lawmakers hit back and said the debate was just a pretext to pave the way for national ... ( read original story ...)
Hong Kong overtaken by US as world’s most competitive economy due to declining standards in education, health and the environment
Hong Kong’s decline in education, health and the environment means the city is no longer the world’s most competitive economy, according to the latest rankings from the IMD World Competitiveness Centre. The United States, meanwhile, jumped three places ... ( read original story ...)
Carrie Lam to work with Beijing on ways to stop mainland Chinese security forces attacking Hong Kong journalists
Hong Kong’s leader on Wednesday said the government would work ... came just four days after another reporter, Chan Ho-fai of i-Cable News, was attacked by two men while covering the 10th anniversary of the Sichuan earthquake. At the Legislative ... ( read original story ...)
Property purchases in Hong Kong rise to US$38.2 billion, a 21-year high for first five months
The frenetic buying of homes, offices and car parks has lifted the total spend on property to HK$300.2 billion (US$38.2 billion) in less than five months this year, the highest level in the past 21 years, according to Hong Kong brokerage Midland Realty. ( read original story ...)
Hong Kong’s $9bn currency defense adds to property market risks
HONG KONG -- Financial authorities here have intervened to buy 70.4 billion Hong Kong dollars ($8.96 billion) since April to prop up the currency, in effect tightening monetary policy in an economy particularly sensitive to U.S. interest rate moves. ( read original story ...)
Now Hong Kong banking recruiters want to hire you if you’re NOT a perfect match to the job
In a bid to boost their technology ranks, recruiters at banks in Hong Kong now want to hire more tech professionals whose skills aren’t yet a complete match to the job desciption. Technology is now at the forefront of banks’ local headcount plans, but ... ( read original story ...)
Hong Kong’s FactWire Startup Takes Novel Approach: No Editors
In an age when trust in the media is in peril, FactWire crowdfunded $600,000 when it started out in 2016 with the promise of a simple vision — investigative journalism based on fact, not opinion, and not beholden to business or political interests of any ... ( read original story ...)
China, Hong Kong stocks fall as coal miners slump
In Hong Kong, the Hang Seng index dropped 1.0 percent to 30,909.01, while the Hong Kong China Enterprises Index lost 1.3 percent to 12,194.86 points. ** Investors were also cautious after U.S. President Donald Trump tempered optimism over progress made so ... ( read original story ...)
Competitors in Hong Kong race up 14-metre-high bun tower
Thousands of local residents and tourists flocked to an outlying island in Hong Kong on Tuesday to celebrate a local bun festival despite the recording-breaking heat. Contestants took part in a bun-scrambling competition, where they raced up a 14-metre (46 ... ( read original story ...)
Manager at Hong Kong finance firm loses HK$14 million to man she never met in eight-year online love scam
A financial professional has become Hong Kong’s biggest victim of internet romance scams, losing HK$14 million (US$1.8 million) to a con artist she had an online relationship with for eight years, police sources revealed, amid a surge in such cases this ... ( read original story ...)
Hong Kong finance manager lost £1.3m to ‘British film director’ she never met in eight year romance con
A con artist who pretended to be a British film director has reportedly duped a Hong Kong woman out of HK$14 million (£1.3 million) in the city's biggest ever online romance scam. The victim of the eight year-long fraud was a manager at a Hong Kong ... ( read original story ...)
Hong Kong banks trying (but often failing) to hire from Google and Alibaba
Finance-sector experience is no longer a must-have for getting a technology job at a large bank in Hong Kong. This year, banks are increasingly trying to poach tech professionals from outside the finance sector, according to 13 senior in-house recruiters ... ( read original story ...)
Chinese banks up the ante to lure millionaire clients from overseas private investment houses
A growing number of well-off Chinese are choosing to invest their wealth offshore, according to a latest McKinsey report ... and strengthen their private-banking teams in cities such as Hong Kong, Singapore, London and Zurich, to fight for a larger ... ( read original story ...)