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Month: December 2018

Posted on 12/12/2018

Lukewarm response as Hong Kong releases new HK$1,000 banknotes

The city’s new HK$1,000 banknotes appeared to receive a lukewarm response from the public on the day of their release, failing to draw crowds with their improved security features. Outside the HSBC br... ( read original story ...)

Posted on 12/12/2018

HANG SENG Bk Lt/S (HSNGY) vs. Societe Generale (SCGLY) Financial Survey

Hang Seng Bank Limited, together with its subsidiaries, provides various banking and related financial services to individual, corporate, commercial, small and medium-sized enterprise, and institution... ( read original story ...)

Posted on 12/12/2018

Hong Kong Bill May Hand Tax Exemptions to Local Hedge Funds

Hong Kong has proposed widening tax breaks to include hedge and private equity funds that are domiciled in the city in a move market watchers say should encourage more of them to move there. Locally d... ( read original story ...)

Posted on 12/12/2018

Creating better cities: Hong Kong’s Business of Design Week 2018

Hong Kong’s Business of Design Week (BODW) is an annual five-day program of city events, satellite programs, award ceremonies and culminates in a summit with 70 speakers from more than 15 countries. T... ( read original story ...)

Posted on 12/12/2018

Ex-diplomat who worked on Trudeau’s Hong Kong visit detained in China

News of Kovrig's detention comes after China warned Canada ... Kovrig wrote on his LinkedIn profile that he served as the political lead on the "successful visit" Trudeau made to Hong Kong in Septembe... ( read original story ...)

Posted on 12/12/2018

Ex-diplomat who worked on Trudeau’s Hong Kong visit detained in China, reports say

(Michael Kovrig / Facebook) Kovrig had been splitting his time working out of ICG offices in both Hong Kong and Beijing and travelled around the east Asia region for research, he told a Star journalis... ( read original story ...)

Posted on 11/12/2018

If Hong Kong property market enters downward cycle, we will consider easing measures, says monetary authority chief

Hong Kong’s property market is not in a downward cycle yet, Norman Chan Tak-lam, chief executive of the Hong Kong Monetary Authority, said on Tuesday. “If the property market enters a downward cycle, ... ( read original story ...)

Posted on 11/12/2018

Hong Kong’s competitiveness under threat as limited office land set to run out in 10 years

Hong Kong faces a host issues in the property sector. While the residential supply constraints grab the headlines, there is also an acute shortage of grade A office space in the world’s most expensive ... ( read original story ...)

Posted on 11/12/2018

Technology push could open Hong Kong banks to more cyberattacks in 2019, KPMG says

The advent of virtual banking and the increased use of emerging technology could open Hong Kong’s banks to more risks of cyberattacks in the coming year, according to KPMG. In a new report, the accoun... ( read original story ...)

Posted on 11/12/2018

Eight leading corporate bankers you need to know in Hong Kong

Here’s a selection of some of the leading corporate bankers in Hong Kong. Tony Lee, head of corporate, commercial banking, HSBC Lee is the very definition of a loyal company man: he joined HSBC ... ( read original story ...)

Posted on 11/12/2018

Runaway Bus With No Driver Careens Through Hong Kong Intersection

HONG KONG — At least four people were killed and 11 more injured on Monday when an out-of-control school bus rolled down a Hong Kong street after the driver had exited the vehicle. Video footage taken ... ( read original story ...)

Posted on 10/12/2018

Hong Kong’s chief executive says she will keep the public purse away from bailing out the property industry

Hong Kong’s government, which has repeatedly warned against speculation in the world’s most expensive property market, said it would keep public money away from any bailouts of the industry, as the ci... ( read original story ...)

Posted on 10/12/2018

Accenture: Open banking gaining traction in Hong Kong

Half of commercial bank customers in Hong Kong already participate in open banking platforms, with 27% also planning to do so in 2019, according Accenture. The study issued by Accenture found that mos... ( read original story ...)

Posted on 10/12/2018

Why the founder of billion-dollar start-up GoGoVan isn’t in a hurry to buy his first home

"If I have money, I think I'd put it into some investment opportunity, other start-up, other great entrepreneurs, instead of buying a box in a building," said Lam. That's got something to do with the ... ( read original story ...)

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