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Month: November 2018

Posted on 12/11/2018

Hong Kong and Macau played ‘unique and irreplaceable’ roles in China’s reform and opening up, Xi Jinping says

Speaking on Monday morning at a meeting with a delegation of top officials and business leaders from the two cities, he urged Hong Kong and Macau to integrate into the nation’s development plans, espe... ( read original story ...)

Posted on 12/11/2018

Hong Kong: HANG SENG INDEX (.HSI) Chinese regulator announced that it was setting lending targets for banks

with the CSI300 down -1.4% and the Hang Seng down -2.4%. The Chinese regulator announced that it was setting lending targets for banks to private sector companies, which weighed on Chinese bank stocks ... ( read original story ...)

Posted on 11/11/2018

Embattled Next Digital, owner of Hong Kong newspaper Apple Daily, to sell Taiwan property to relieve financial burdens

chief executive of China Hong Kong Capital Asset Management. Attempts by Next Digital to expand its online platform have only added to its capital expenditure and generated little return, he added. “I... ( read original story ...)

Posted on 11/11/2018

Hong Kong literary event with Beijing critic in doubt as worries over political freedom grow

Media organizations, business groups and Western governments were taken aback in October when Hong Kong expelled Mallet of the Financial Times, who had hosted a talk at the Foreign Correspondents Club ... ( read original story ...)

Posted on 11/11/2018

Hong Kong’s Tung Chung packed again with mainland Chinese tourists as police keep a lookout for unlicensed tour operators

They wanted to check whether the guides had a local counterpart with them as under Hong Kong law anyone conducting business as a travel agent must be licensed. Some visitors were blocked from boarding ... ( read original story ...)

Posted on 11/11/2018

Hong Kong investor in Peach Aviation now aims to ‘disrupt’ banks

The Hong Kong Monetary Authority -- the territory's ... it refers to the practice of using connections to get business done. Today, however, such regulatory examinations tend to be stricter ... ( read original story ...)

Posted on 11/11/2018

Flying out of Hong Kong proving to be an expensive business for travellers as airlines impose fuel tax to cover rising cost of oil

Travellers flying out of Hong Kong International Airport are being charged as much as HK$1,624 (US$207) extra by airlines after a fuel surcharge fee was reintroduced on November 1. A review of ticket ... ( read original story ...)

Posted on 11/11/2018

Second Hong Kong venue denies it will host dissident Chinese writer Ma Jian

“Antony Leung or other business types, [there is] no difference. The Carrie Lam government has successfully put up a cloud of fear above their heads, that you need to be “politically correct” to survi... ( read original story ...)

Posted on 11/11/2018

Rise of Shenzhen is Hong Kong’s biggest contribution to China’s reform and opening up, Carrie Lam says on trip to meet state leaders

Hong Kong’s leader on Saturday hailed its role in the rise of Shenzhen as its biggest contribution to China’s economic reform, while leading a delegation of political and business elites to the neighb... ( read original story ...)

Posted on 11/11/2018

Hong Kong: HANG SENG INDEX (.HSI) China’s big three telecoms firms rose on new network deals

Hong Kong shares edged higher on Thursday following a Wall Street rally driven by relief that U.S. midterm elections produced no major surprises, and as China’s big three telecoms firms rose on new ne... ( read original story ...)

Posted on 10/11/2018

Tech Haunts Hong Kong’s Stocks as Earnings Start to Fall Short

(Bloomberg) -- Earnings jitters hit shares in Hong Kong after several Chinese tech companies reported worse-than-expected results. The Hang Seng Index slid 2.4 percent, extending its weekly decline to ... ( read original story ...)

Posted on 10/11/2018

HK tech startup PressLogic raises US$10 million series A+ funding

Hong Kong-based technology start-up PressLogic has raised series A+ funding of US$10 million led by Meitu, China’s leading image processing and social sharing platform. The new funding will be used to ... ( read original story ...)

Posted on 10/11/2018

Travel activities startup KKday lands investment from Alibaba and Line

Unlike Hong Kong-based regional rival Klook, which is valued at over $1 billion and has ventured into Europe and the U.S., KKday is focused on Asian markets only. We last wrote about the startup ... ( read original story ...)

Posted on 10/11/2018

Hong Kong boss Gary White faces first real test as EAFF Championship qualifiers get underway in Taiwan

The two teams met again in the play-off for third place and despite free broadcasting of the match on local TV, fans poured into Hong Kong Stadium to support the home side. In front of a 27,600-strong ... ( read original story ...)

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