Alor Setar (Malaysia): Olympic silver-medallist PV Sindhu led the women's team to a thrilling 3-2 win over Hong Kong while the men's side routed Philippines 5-0 as India made a positive start in the Asia badminton Team Championship here on Tuesday. ( read original story ...)
Monetary authority issues guidelines for the launch of virtual banks in Hong Kong
Raymond Chan, the authority’s executive director for banking supervision, said virtual banks would treat their customers as fairly as conventional banks. In September, Norman Chan announced seven initiatives to help Hong Kong migrate to what he called a ... ( read original story ...)
Is Hong Kong Real Estate About To Crash?
“Peter, is there going to be another property crash in Hong Kong?” I get asked this question often. It’s understandable. Many people are worried the residential property market in Hong Kong is overheating. And it has certainly gone up. It saw a ... ( read original story ...)
Hong Kong’s benchmark stock index plunges in panic selling as Asia follows US market rout
The 40-member Hang Seng China Enterprise Index, which tracks the performance of Chinese companies listed in Hong Kong, fell 793.23 points, or by 5.9 per cent, to 12,686.60, led by China Construction Bank’s 7.7 per cent drop. “The market sentiment has ... ( read original story ...)
Hang Seng Index plunges 1,600 points amid ‘panic selling’, as fear sweeps city after US market rout
The Hang Seng China Enterprises Index lost 6.10 per cent, or 822.11 points, to 12,657.72, on course for its biggest drop in seven years, since falling 6.2 per cent in August 2011. “In Hong Kong ... and China Construction Bank lost 6.55 per cent to ... ( read original story ...)
Hong Kong banks’ efforts against money laundering to face scrutiny as global regulator’s visit looms
and the Gupta family business organisation. The looming inspection would also see the regulators looking at their own policies and measures, according to one lawyer. “In the build up to the FATF’s inspection, the Hong Kong regulators are likely to ... ( read original story ...)
Hong Kong manhunt launched as 27 shipping containers carrying HK$23 million in frozen beef go missing
The citywide manhunt started on Monday night after police received a report from the suspect’s two business partners – two mainland ... Tuen Mun to check where the shipment was stored in Hong Kong. The pair called police at 6.30pm on Monday after ... ( read original story ...)
StanChart prunes coverage, may cut investment banking jobs – sources
HONG KONG/LONDON (Reuters) - Standard Chartered Plc is looking to drive returns by boosting lending to key industrial sectors and top clients, in a move that could cut about a dozen investment banking jobs as it dials back in areas like private ... ( read original story ...)
Hong Kong top court overturns prison sentences for activists
Hong Kong's highest court on Tuesday overturned prison sentences for three young pro-democracy activists convicted for their roles in kicking off 2014's "Umbrella Movement" protests in the semiautonomous Chinese city. A panel of judges sided with Joshua ... ( read original story ...)
Hong Kong court lets democracy activist Joshua Wong walk free
HONG KONG (Reuters) - Hong Kong's highest court on Tuesday unanimously decided to free three young leaders of the Chinese-ruled city's pro-democracy movement, including the public face of youth-led protests, Joshua Wong, in a stark reversal of an earlier ... ( read original story ...)
Hong Kong pro-democracy activists walk free after court upholds appeal
Hong Kong's highest court has reversed a ruling to jail a trio of pro-democracy activists. The activists, known for their role in 2014 protests, had warned of a "critical juncture" in Hong Kong's fight for democracy. The Hong Kong Court of Final Appeal on ... ( read original story ...)
Hong Kong’s top court frees ‘Umbrella Movement’ leaders
Hong Kong's highest court has declared that the three pro-democracy leaders, who were sentenced to jail last year for their role in the 2014 protests, could walk free. The highest court said the appeals court "erred in dispensing with the need to consider ... ( read original story ...)
Hong Kong democracy activist Joshua Wong walks free after court ruling
HONG KONG (Reuters) - Hong Kong’s highest court on Tuesday said three young leaders of the city’s pro-democracy movement, including Joshua Wong, could walk free, in a stark reversal of an earlier ruling. The decision was made by a panel of five judges ... ( read original story ...)
Ashurst hires banking duo in HK from Fangda, A&O
Ashurst has boosted two banking and finance partners in Hong Kong: Eric Tan, who joins from Chinese firm Fangda Partners, and Daniel Lau, hired from Allen & Overy's Beijing office. Tan specialises in acquisition finance, cross-border lending, structured ... ( read original story ...)