The order is worth $845 million at current list prices and pushes the Singapore-based Bank of China aviation affiliate's total orders for Dreamliners to 14, BOC said in a filing with the Hong Kong Stock Exchange. The deal supports Boeing's decision to ... ( read original story ...)
Hong Kong prop maker found guilty of keeping ‘counterfeit’ bank notes used in award-winning film
The boss of a Hong Kong film prop company has been given a suspended sentence after being convicted of keeping some 200,000 fake bank notes labelled “props” used in the award-winning crime thriller Trivisa. Cheung Wai-lun, the person in charge of Wai ... ( read original story ...)
No room for city rivalries in China’s Greater Bay Area project if region wants to match New York and Tokyo, Hong Kong told
An underdeveloped service sector and rivalry between Hong Kong and Guangdong cities could hamper efforts to turn southern China’s “Greater Bay Area” into a tech and finance hub to rival those in Japan and the US, a veteran pro-establishment lawmaker ... ( read original story ...)
Where do blockbuster IPOs stand as the fizz goes out of Hong Kong’s stock trading debuts?
On the eve of what could possibly be the world’s biggest initial public offering this year, has the fizz gone out of Hong Kong’s market? Of the 87 companies that raised funds in the city this year, 53 per cent of the total traded at prices below their ... ( read original story ...)
More tax treaties needed for Hong Kong to take on Singapore, Ireland as aircraft leasing hub, industry players warn
Hong Kong’s bid to take on Singapore and Ireland as a centre for aircraft leasing will slow down if it does not increase double tax agreements that make it attractive for companies to do business in the city, industry players warned. Such agreements ... ( read original story ...)
As Hong Kong’s dry spell continues, are drought fears justified?
Farm owner Raymond Cheng Wai-man never thought the day would come when he would yearn for a downpour. Subtropical Hong Kong, after all, gets an average of 2,400mm of rain a year, about a tenth of which comes in May. But since January this year, less than ... ( read original story ...)
Hong Kong broadcaster TVB fined HK$300,000 for promoting mobile app in its TV shows
Hong Kong’s largest provider of free television was on Friday fined HK$300,000 (US$38,200) by the city’s broadcasting watchdog for using four programmes to promote a mobile app developed by its subsidiary. The penalty was immediately condemned by ... ( read original story ...)
Hong Kong’s MTR Corporation accused of deceiving public over construction blunders for HK$97.1 billion Sha Tin-Central link
Hong Kong’s rail operator on Friday admitted it had found five occasions where a subcontractor had cut corners on construction for a key section of the city’s most expensive railway project, but failed to report its findings to police as it was “not ... ( read original story ...)
Why Xiaomi may find it useful to launch CDRs ahead of HK IPO
Chinese smartphone maker Xiaomi Corp submitted its IPO application in Hong Kong in early May. It was widely expected that the company will list in late June at the earliest and become the first Hong Kong-listed company with dual-share class structure. ( read original story ...)
Hong Kong court overturns landmark LGBT spousal benefits ruling
HONG KONG (Reuters) - A Hong Kong court ruled on Friday that the husband of a male civil servant was not entitled to spousal benefits, overturning a landmark lower court ruling in a setback for the city's LGBT community. Marriage is legally defined as a ... ( read original story ...)
Hong Kong is pricey for homes but cheap for ‘millennial goods’
Prices of secondary-market homes in Hong Kong rose in April, marking the 25th consecutive month of increases for one of the most unaffordable residential property markets in the world, the South China Morning Post reported. Many Hong Kong property seekers ... ( read original story ...)
Bank of China (Hong Kong) prices first sustainability bonds
Bank of China (BoC) arranged another innovative transaction in the market with the Hong Kong branch pricing on 31 May 2018 the first ever sustainability bond by a Chinese issuer amounting to HK$3 billion (US$384.60 million). At the same time, the BoC ... ( read original story ...)
Hong Kong insurance regulator set to name former industry commissioner Clement Cheung as CEO
When US insurer AIG fell into trouble at the peak of the financial crisis in 2008, Cheung took measures to limit any impact on Hong Kong’s almost 2 million policyholders, including banning the local unit, AIA, from shifting any money to the US parent ... ( read original story ...)
HONG KONG | Bag maker Samsonite’s CEO resigns after short-seller report
HONG KONG — Luggage maker Samsonite said Friday its CEO has stepped down following a report by a short-seller questioning his credentials and the company’s accounting. Ramesh Tainwala resigned for personal reasons, which Samsonite’s board decided ... ( read original story ...)