Women in Hong Kong still have a long way to go before they achieve gender equality in the workplace, despite improvements in the percentage of female workers in high positions over the past year. Just 29 per cent of management positions in Hong Kong are ... ( read original story ...)
Hong Kong’s biggest craft brewery Gweilo Beer to start production at the end of this month
The transformation of Hong Kong craft beer company Gweilo Beer, from humble beginnings operating in a spare bedroom to a purpose-built, 1,300-square-metre (14,000-square-foot), US$5 million brewery is almost in the can. Brewing trials began on February 8 ... ( read original story ...)
Demand for IPO legal insurance set to rise in Hong Kong after bourse adopts new listing rules
Demand for insurance covering any possible legal fallout from initial public share offerings in Hong Kong is expected to rise in coming years as a result of listing reform that is expected to attract more companies to the city, according to a leading ... ( read original story ...)
Hong Kong banks offer savers better interest rates but only on yuan deposits
HSBC’s interest rate change follows similar moves by rivals. On January 31, Bank of China (Hong Kong) raised its rate up to 4 per cent for normal savers. “Banks are offering savers higher rates because offshore yuan liquidity in Hong Kong, and also ... ( read original story ...)
Hong Kong’s digital financiers make a scene
From giant cats to tumbling skyscrapers, the commercials are slick and surreal, but the gloss masks the fact that the offerings are closer to payday loans than structured finance, which remains largely the preserve of Hong Kong’s many banks. Over the ... ( read original story ...)
Investing in HK talent
A recent McKinsey Global Institute study ... the Education Bureau is providing scholarships for local students admitted to Hong Kong-funded research postgraduate programmes. And I can tell you, there is a great deal more funding on the way for I&T ... ( read original story ...)
Hong Kong stocks bounce back, led higher by financials, Tencent
Technology and financial shares powered a rebound in Hong Kong stocks on Tuesday, spurred on by a recovery in US markets despite thin trading volume ahead of the upcoming Lunar New Year holiday. The benchmark Hang Seng Index climbed 379.9 points, or 1.29 ... ( read original story ...)
Hong Kong court rules pro-independence stance must bar standing for election
HONG KONG (Reuters) - Hong Kong’s High Court on Tuesday ruled in favor of barring a pro-independence activist from standing in an election, saying it is “fundamental” for lawmakers to accept the city as an inalienable part of China. The former ... ( read original story ...)
Think Hong Kong property is expensive? Sydney’s One Barangaroo reaches HK$612million
Australia’s most exclusive houses near Sydney Harbour are being marketed to Hong Kong and Chinese investors from a whopping HK$66.13 million to a penthouse priced at HK$612 million. One Barangaroo, developed by Crown Resorts, is billed as Australia’s ... ( read original story ...)
HNA unit to sell two Hong Kong sites to Henderson Land for $2 billion
HONG KONG (Reuters) - A unit of China’s HNA Group [HNAIR.UL], the cash-starved aviation-to-financial services conglomerate, said on Tuesday it was selling two Hong Kong sites to Henderson Land Development Co Ltd (0012.HK) for HK$16 billion ($2 billion). ( read original story ...)
Hong Kong’s Mortgage Market Is a ‘Battlefield’ Right Now
Hong Kong’s biggest banks are increasingly locking mortgage rates to lure customers from upstart rivals in the world’s least affordable housing market, where borrowing costs are soon expected to rise. HSBC Holdings Plc and BOC Hong Kong (Holdings ... ( read original story ...)
What justifies Xiaomi’s proposed IPO valuation of US$100 billion?
Two years later, Lei and his team concluded 2017 with a surprising comeback. Underlining its global ambitions, Xiaomi is seeking to list in Hong Kong in 2018. The IPO is valued at US$100 billion – around a price to earnings ratio of 60. Its sister ... ( read original story ...)
Hong Kong’s Housing Market Is a ‘Battlefield’ Right Now
Hong Kong’s biggest banks are increasingly locking mortgage rates to lure customers from upstart rivals in the world’s least affordable housing market, where borrowing costs are soon expected to rise. HSBC Holdings Plc and BOC Hong Kong (Holdings ... ( read original story ...)
Hong Kong – Open Banking Developments
The banking industry has undergone rapid change in recent years with the rise of virtual currency, fintech and digital innovation challenging the status quo. One of the key developments emerging in the last couple of years is the concept of Open ... ( read original story ...)