Hong Kong’s Department of Health is investigating a drug used to aid digestion after the medication taken by a cancer patient was found to be contaminated with a type of mould. The move follows the recent death of a lymphoma patient in her 30s at Queen ... ( read original story ...)
Hong Kong’s small firms raging at leading business groups for ‘betrayal’ over MPF offsetting subsidies
Hong Kong’s small and medium-sized enterprises have condemned the city’s five biggest business chambers for “betraying” them after they failed to insist the government provide indefinite subsidies to help employers build up workers’ nest eggs. ( read original story ...)
Hong Kong driver arrested after school bus hits and kills elderly woman
The driver of a school bus was arrested in Hong Kong on Thursday after his vehicle hit and killed an elderly woman – the city’s fourth road fatality in eight days. The accident happened on Ap Lei Chau Main Street, Ap Lei Chau, soon after 8am. ( read original story ...)
Hong Kong rail giant MTR Corp ordered to conduct full probe after safety lapses along HK$97.1 billion Sha Tin to Central link
The board of Hong Kong’s railway operator on Thursday came down hard on ... Even the MTR’s senior management only became aware of these problems from news reports.” He was referring to revelations about faulty construction by contractors and cover ... ( read original story ...)
New law on hearsay evidence designed to give Hong Kong’s vulnerable better protection in criminal court cases
Hong Kong legal professionals have said allowing the introduction of hearsay evidence will “assist the quest for truth” and help prosecutors get justice for victims in cases involving vulnerable defendants. After years of calls for its introduction ... ( read original story ...)
Hong Kong man bites off thumb tip of opponent in fight on MTR train – severed part found five stops later
A fight between two commuters on a crowded train in Hong Kong on Thursday left one with part of his left thumb bitten off and the other with facial injuries. The men, aged 64 and 54, were arrested by police at Mong Kok station, but the severed thumb tip of ... ( read original story ...
Hong Kong rising as hot IPO market
The Hong Kong Stock Exchange has become a hot spot for attracting the initial public offerings of some of the largest companies in the world. While U.S. markets await the IPOs of Uber and Airbnb, three Chinese companies that rank among the world's 20 ... ( read original story ...)
China’s Xiaomi secures seven cornerstone investors for $6.1 billion Hong Kong IPO
HONG KONG (Reuters/IFR) - Chinese smartphone maker Xiaomi Corp has lined up $548 million from seven cornerstone investors including U.S. chipmaker Qualcomm Inc for its Hong Kong IPO of up to $6.1 billion, according to a term sheet seen by Reuters. ( read original story ...)
Visualizing global debt
In the latest in its series of reports on debt and deleveraging, the McKinsey Global Institute (MGI ... and international financial centers Hong Kong and Luxembourg top the list for nonfinancial corporate debt to GDP, largely reflecting the activities ... ( read original story ...)
AI pioneer named as head of Hong Kong’s Science Park; board of directors gets 8 new members
Three incumbent members were reappointed. They are former University of Hong Kong head Tsui Lap-chee, Joseph Ngai, managing partner of McKinsey Greater China, and jeweller Theodore Ma Heng. ( read original story ...)
Dirty cousin? Not anymore as Shenzhen’s green quest leaves Hong Kong miles behind
While Hong Kong officials seem to struggle in finding its way forward, compliments are coming in over Shenzhen’s green push. Global management consultancy McKinsey & Company says that Shenzhen is the “most sustainable city” in China. Shenzhen also ... ( read original story ...)
The future of work report: Ten things to solve for
They are: The report’s authors are:James Manyika chairman and director of the McKinsey Global Institute and a senior partner at McKinsey & Company based in San Francisco, and Kevin Sneader is McKinsey’s global managing partner-elect, based in Hong Kong. ( read original story ...)
Global pharma bleeds talent to China start-ups
“It’s very clear that some very good talent from MNCs are joining local companies,” said Franck Le Deu, a senior partner at McKinsey in Hong Kong. “The value proposition of local biotechs is clear: they provide an entrepreneurial ... ( read original story ...)
Petropavlovsk gives bridge loan to Hong Kong iron ore company to meet ICBC payment
Russian gold miner Petropavlovsk, which is battling a shareholder attempt to remove its board, has agreed to provide a last minute bridge loan to a Hong Kong iron ore company ... a former consultant for McKinsey & Co and Boston Consulting Group, who ... ( read original story ...)