WASHINGTON, D.C. — A Hong Kong investment bank will pay a $47 million criminal penalty to resolve allegations by the U.S. Department of Justice (DOJ) that the bank violated the Foreign Corrupt Practic... ( read original story ...)
Hong Kong activists celebrate after Liu Xia ‘leaves China’
Hong Kong pro-democracy campaigners Tuesday welcomed news that the widow of Chinese Nobel dissident Liu Xiaobo had left China for Germany after years under effective house arrest. Liu Xia, 57, had fac... ( read original story ...)
Hong Kong fines Citi Asia unit $509,710 for ‘dark pool’ breaches
Dark pools, known officially in Hong Kong as alternative liquidity pools (ALPs), are anonymous trading platforms offered by banks to help large investors trade big blocks of shares without having news ... ( read original story ...)
Stamp duty loophole cost Hong Kong purse HK$9.4 billion in 8 years, study finds
Hong Kong law requires local buyers who already own a property to ... the world’s least affordable property market in surveys. The Liber researchers used news reports to first identify the cases in wh... ( read original story ...)
Hong Kong pupils given harsh life lesson on value of hard work as cheers and tears greet allocation of secondary school spots
After the city’s Primary 6 pupils found out which secondary schools they had been assigned to on Tuesday morning, the Au family dashed to four schools in different parts of Hong Kong to ask for a plac... ( read original story ...)
Macau’s racing greyhounds get speedier path to adoption in Hong Kong as track closure nears
People in Hong Kong who want to adopt greyhounds from the Macau dog racing track, which will close next Saturday, will now find it easier to do so under a deal struck by authorities from both sides. S... ( read original story ...)
Beijing’s Dislike Sinks Xiaomi Valuation To At Best 30% Below IPO Price
Xiaomi’s withdrawal from China IPO application and repeated cuts in valuation followed Chinese securities Watchdog’s queries. Its Hong Kong IPO price is set at bottom of original HK$17-22 target range ... ( read original story ...)
Tricor Supports Xiaomi IPO in Hong Kong
HONG KONG--(BUSINESS WIRE)--Tricor Group (“Tricor”), Asia’s leading provider of business, corporate and investor services, today announces our appointment to provide joint company secretary services t... ( read original story ...)
Hong Kong lawmaker draws ire by suggesting up to 10,000 ‘domestic servant’ jobs be reserved for people from ethnic minorities
A pro-Beijing lawmaker has recommended that Hong Kong reserve 5,000 to 10,000 “domestic servant” jobs for people from ethnic minorities, saying a monthly salary of at least HK$7,000 could serve as a s... ( read original story ...)
China’s Xiaomi makes underwhelming public debut in Hong Kong IPO
China’s Xiaomi, the world’s fifth biggest seller of smartphones, made an underwhelming public debut after it hit the Hong Kong Stock Exchange amid concerns around an ongoing trade war between the U.S. ... ( read original story ...)
Investment bankers are quitting Goldman, Citigroup for biotech riches in Hong Kong
“We are seeing a very good level of interest from quality issuers and we expect a healthy pipeline for the next couple years,” said David Lau, head of Hong Kong investment banking at JPMorgan Chase & ... ( read original story ...)
Hong Kong bike-sharing start-up Gobee.bike goes bust from losses and high maintenance costs
Hong Kong’s first bike-sharing service, Gobee.bike, has gone bust due to losses and high maintenance costs, according to its boss. The start-up promised to refund HK$399 (US$51) in deposits to each us... ( read original story ...)
Former Hong Kong minister Anthony Cheung reveals he twice considered resigning over controversial high-speed rail link
Hong Kong’s former transport chief Anthony Cheung Bing-leung has revealed that he had twice considered resigning amid delays and budget overruns at the contentious HK$84.4 billion cross-border high-sp... ( read original story ...)
Hong Kong teen’s dreams of being a doctor dashed by education system’s failure to teach Chinese to ethnic minority students
He only found out his chances of becoming a doctor were slim when he went to the University of Hong Kong (HKU), and Chinese University (CUHK), the only two institutions in the city offering a degree i... ( read original story ...)