HONG KONG (Reuters) - Hong Kong's pro-democracy camp is seeking to regain lost turf in crucial legislative by-elections on Sunday that it hopes will draw protest votes against perceived political screening and creeping control from Communist Party rulers ... ( read original story ...)
MTR reveals 64 per cent rise in net profit to HK$16.8 billion, buoyed by earnings from property development
Hong Kong’s rail operator denied it was becoming a property developer after it announced on Thursday a 64 per cent rise in net profit to hit HK$16.8 billion (US$2.1 billion) for 2017, thanks to bumper earnings from its property portfolio. Less than one ... ( read original story ...)
Hong Kong central bank unmoved as currency hits 33-year low
HONG KONG (Reuters) - The Hong Kong Monetary Authority said on Thursday it had no immediate plans to issue bills to prop up the local dollar until it hit the limits of its trading band but warned that it had sufficient firepower to defend the currency. ( read original story ...)
Hong Kong shark fin imports ‘halved since 2007’, thanks to tighter regulations and shipping bans
Shark fin imports to Hong Kong, the world’s largest fin trading hub, have been cut by half since 2007 owing to shipping bans and tighter international regulations, according to a conservation group. Between 2007 and last year, re-exports also dropped by ... ( read original story ...)
Hong Kong builder enters Toronto market with five-tower development plan
paying Silvercore Inc. $201-million for the property at 5799 Yonge St. in North York. This is the third and largest project announced so far in Canada by the Hong Kong-based company; it has two other projects in Vancouver. Aoyuan has 100 properties – a ... ( read original story ...)
Tencent, Ctrip-Backed Travel Company Plans Hong Kong IPO
Chinese internet giant Tencent Holdings Ltd. may soon have another opportunity to cash in on one of its investments. Tongcheng-Elong Holdings Ltd., a travel company backed by Tencent and China’s largest travel website Ctrip.com International Ltd., is ... ( read original story ...)
Explainer: What ails the Hong Kong dollar? It is the carry trade
Hong Kong’s de facto central bank probably would not take additional steps - such as issuing extra Exchange Fund bills - to soak up the abundant liquidity to curb depreciation pressure. While the stock market becomes more volatile this year, demand for ... ( read original story ...)
Hong Kong’s Central Bank Looks Likely to Tighten Liquidity
Hong Kong’s central bank will probably take steps to tighten liquidity in the financial system as the city’s currency approaches the weak end of its peg against the greenback. That’s according to 15 of 19 analysts surveyed by Bloomberg from March 2 ... ( read original story ...)
Hong Kong’s ‘flagship’ e-scrap facility nears start-up…finally
China: There were serious delays in its construction and completion. But now the Hong Kong WEEE Park, seen as the modern face of electronics recycling in Hong Kong, is all set to open its doors. The Euro 60 million (US$ 74 million) treatment facility ... ( read original story ...)
Hong Kong stocks rebound on trade data, subsiding trader war fears
The top gainer on Hang Seng was China Resources Power Holdings Co Ltd, up 6.21 percent, while the biggest loser was BOC Hong Kong Holdings Ltd with a 0.13 percent fall. ** As of the previous trading session, the Hang Seng index was up 0.93 percent this yea ... ( read original story ...)
Readers Say: Hong Kong’s Richest; Charley Shin and Philadelphia Eagles Have Something In Common
“Shame he don’t give it back to Hong Kong by making home prices cheaper.” Viva Republica! South Korean Startup Toss Churns $1 Billion a Month 5,608: “Our culture dynamic really focuses on freedom and responsibility.” Blue Skies for the Founder of ... ( read original story ...)
Hong Kong Seen Draining Liquidity With Currency Near ’84 Low
India Can No Longer Spend Its Way To Higher Growth Why Is PM Modi Allowing DACOIT-y On Indian Digital Startups? India’s Online Streaming ... Days’ — Finally Ends For PM Modi (Bloomberg) -- Hong Kong’s central bank will probably take steps to ... ( read original story ...)
Hong Kong Open API And Virtual Banking Consultations: A Review.
The Hong Kong Monetary Authority (“HKMA”) has recently released two fintech-related consultation papers. Consultation Paper on Open API Framework for the Hong Kong Banking Sector – released on 11 January 2018 (the “Open API Paper”). Public ... ( read original story ...)
Roughly Flat Lead Expected For Hong Kong Shares
China Mobile dipped 0.28 percent and BOC Hong Kong was unchanged. The lead from Wall Street is murky as stocks opened lower Wednesday before climbing off their worst levels of the day, although only the NASDAQ managed to close in positive territory. ( read original story ...)