The following is issued on behalf of the Hong Kong Monetary Authority: The Hong Kong Monetary Authority announced the results of the residential mortgage survey for November 2017 today (December 29). The number of mortgage applications in November ... ( read original story ...)
In mortgage fraud frenzy, China’s banks face a hidden danger
Mortgage fraud need not be as elaborate as the deal between Zhu and Lei. Simple bribery can also be effective. A Hong Kong property investor surnamed Fu, who declined to give his full name because he was admitting criminal behavior, told Reuters that ... ( read original story ...)
Hong Kong businessman pleads not guilty in bribery case
Prosecutors say the 68-year-old former Hong Kong government official and another businessman arranged bribes to the president of Chad and the Ugandan foreign minister to secure business advantages for a Chinese energy conglomerate. Ho once was Hong Kong ... ( read original story ...)
Hong Kong ex-home secretary Patrick Ho pleads not guilty in US court to offering US$2.9m in bribes to African presidents and ministers
Former Hong Kong home affairs secretary Patrick Ho Chi-ping has pleaded not guilty to corruption charges brought by a US federal court after he was accused of offering bribes worth a total of US$2.9 million to prominent African politicians. Ho was indicted ... ( read original story ...)
St. Regis Hotel Coming to Hong Kong Early 2019
St. Regis Hotels & Resorts today announced a collaboration with China Resources Property which is slated to bring the St. Regis brand to Hong Kong by early 2019. Marriott International has nine properties in Hong Kong, but this will be the first property ... ( read original story ...)
5,000 flats could be built on Hong Kong golf course, government study finds
More than 5,000 Hong Kong flats can be built on part of a 170-hectare golf course in Fanling, if golfers and authorities holding the land are willing to let go, according to a study by planners, the Post has learned. The revelation came amid calls for the ... ( read original story ...)
Hong Kong justice minister says rule of law ‘not compromised’
Hong Kong's new justice secretary said Monday the rule of law in the city has not been compromised, after a string of cases raised fears the legal system is under threat from Beijing. Semi-autonomous Hong Kong enjoys freedoms unseen on the mainland as part ... ( read original story ...)
Hong Kong consumer confidence lags behind the mainland, Taiwan and Macau
Hong Kong has the lowest overall consumer confidence among mainland China, Taiwan and Macau, surveys conducted by universities across the regions have found. The city’s score was dragged down by a sharp decline in faith in the property market despite the ... ( read original story ...)
Hong Kong doctor in stranded liver patient case accepts probe’s findings but still hopes to serve hospital full time
He said he still hoped that in future, he could work full time for the University of Hong Kong’s medical faculty, under which Queen Mary serves as a research hospital. Ng, who has remained largely under the radar since news of the case, told the Post ... ( read original story ...)
Hong Kong stocks start the week higher as property companies surge
Hong Kong stocks began the morning session on Monday higher following broad gains in the US last week, while mainland markets slipped. The Hang Seng Index opened up 0.26 per cent, or 80.45 points, at 30,895.09 after notching up the best weekly gain since ... ( read original story ...)
How an Indonesian domestic helper’s unexpected pregnancy in Hong Kong brought heartache and ultimately joy
After they get pregnant, they end up navigating a wave of fears: from telling their Hong Kong employers, which usually leads to their sacking, to breaking the news in their home countries, where many families refuse to help. “If the family back home is ... ( read original story ...)
Event: Hong Kong’s first co-farming space set to open for agritech and greentech startups
[Sponsored] The Hive is launching Hong Kong’s first co-farm – the Hive CoFarm – a space for agritech, aquaponic, hydroponic and remote monitoring IoT start-ups to pilot their technologies in a real world setting. The site will also develop community ... ( read original story ...)
Hong Kong can rule IPO market again
Just five years ago, if someone said Shanghai would overtake Hong Kong as a market for initial public offerings, most people would have laughed. But last year, it beat us for the first time, while New York took the top spot as the world’s premier IPO market. ( read original story ...)
HSBC Hong Kong rehires corporate banker after a year and makes him a private banker
Melvin Wong left HSBC in Hong Kong as a corporate banker, now he’s back just 12 month later…as a private banker. https://news.efinancialcareers.com/hk-en/301674/bankers-asia-regret-salary-rises/ HSBC has rehired one of its former corporate bankers ... ( read original story ...)