Competition is intensifying for investment banks in Hong Kong with global economic uncertainty shadowing one of the world’s largest initial public offering markets, an executive at a state-owned investment bank says. Although the city was ranked global ... ( read original story ...)
Hong Kong start-up optimists and others who say the culture is immature lock horns at StartmeupHK festival
Brett King wears many hats: he’s a best-selling author, radio host (his show and podcast Breaking Banks is the top-ranked fintech (financial technology) show, start-up founder (CEO of mobile-based banking app Moven) and a contributor to The Huffington ... ( read original story ...)
Singapore Overtakes Hong Kong as Asia’s Top Financial Hub
Singapore has overtaken Hong Kong as the top financial hub in Asia, according to Z/Yen Group’s Global Financial Centers Index (GFCI). Hong Kong slipped to fourth place overall, while Singapore now only trails London and New York globally. Although the ... ( read original story ...)
Acting Hong Kong finance chief deflects talk Beijing won’t elevate him to succeed John Tsang
Hong Kong’s acting financial minister described himself as a team player willing to do whatever necessary to coordinate the government’s work amid speculation Beijing could appoint the city’s development minister as financial chief as early as this ... ( read original story ...)
Hong Kong activists declare 'war' after appeal bid snub
HONG KONG - An appeal bid by two anti-China lawmakers against their disqualification from Hong Kong's parliament was rejected Monday, as the activists declared "war" on the authorities. Baggio Leung and Yau Wai-ching are part of a new movement calling for ... ( read original story ...)
Hong Kong leadership race heats up as China clears way for top officials to run
China on Monday approved the resignations of two of Hong Kong's top officials, including its financial ... the city's chief secretary, the official Xinhua news agency said. The former British colony returned to Chinese rule in 1997, and its next leader ... ( read original story ...)
Turkish cargo plane from Hong Kong crashes into Kyrgyzstan homes
A Turkish cargo plane flying from Hong Kong has crashed in Kyrgyzstan ... show fire and smoke rising from the rubble of destroyed buildings. One witness told AFP news agency: "The plane crashed into the houses. It killed entire families. ( read original story ...)
Turkish cargo plane from Hong Kong crash lands on Kyrgyzstan homes
A Turkish cargo plane from Hong Kong has crashed in Kyrgyzstan, killing at least 32 people, most of them on the ground, say officials. The Boeing 747 crashed into homes near Manas airport, about 25km (15 miles) north of the capital, Bishkek, the Kyrgyz ... ( read original story ...)
Hong Kong tycoon Li to buy Australian energy firm Duet
HONG KONG - A group led by Hong Kong billionaire tycoon Li Ka-shing's infrastructure business said Monday it is buying Australian energy company Duet in a multibillion dollar deal. Cheung Kong Infrastructure Holdings Ltd. and Li's property and power ... ( read original story ...)
Hong Kong, Liberia, Panama and Marshall Islands flag – a comparative analysis
Hong Kong mortgages are “statutory” in a form prescribed by the Hong Kong Marine Department and are bi-lingual, in English and Chinese. The mortgage need not be notarised or legalised before it is presented to the HKSR for registration although if the ... ( read original story ...)
Homes offers tempting, but the risks can't be ignored
As if thumping their noses at the government's market cooling measures, Hong Kong's two largest property agencies have offered prospective homes buyers zero down payment mortgage loans to buy properties. The move could add fuel to the already red-hot ... ( read original story ...)
Will higher rates hit HK property prices right away?
And the real mortgage rate has been hovering in negative territory between 2010 and the third quarter of last year, underpinning Hong Kong’s home market throughout the six-year period. The Federal Reserve is expected to accelerate its rate hiking pace ... ( read original story ...)
Mortgage e-alert date
The Hong Kong Monetary Authority said yesterday that the Land Registry will start accepting applications in February for its e-alert service where banks will receive electronic notifications when homeowners take out a second mortgage.The authority said it ... ( read original story ...)
Blockchain for Mortgages: Compelling, But Premature
how close is the mortgage industry to actually adopting blockchain into its processes? In some places, it already has been. In October, Bank of China and HSBC began testing blockchain tech on a property valuation system for home loans in Hong Kong – one ... ( read original story ...)