March 1 (Reuters) - Hong Kong shares rebounded on Thursday after two days of sharp falls, with news regarding a probe into CEFC China Energy chairman had limited impact on market sentiment. ** CEFC Chairman Ye Jianming has been investigated for suspected ... ( read original story ...)
Hong Kong bank heist suspect held six hostages at gunpoint in 1987 robbery
The man arrested for allegedly robbing the Bank of East Asia headquarters in Central on Wednesday was jailed three decades ago after holding six people hostage at gunpoint following an armed hold up at another bank, court records and past media reports show. ( read original story ...)
Investment in Hong Kong fintechs more than doubled last year, well ahead of Singapore and Australia
Hong Kong fintech firm WeLab raises US$220m in funding round The ... we have seen a major shift in fintech business strategy Arthur Wang, KPMG China There were 146 fintech deals in China last year, compared with 54 in 2016 which were worth US$10 billion. “ ( read original story ...)
Reports of IPOs’ death have been greatly exaggerated
... around the globe are eagerly awaiting the listing decision of the initial public offering (IPO) of Saudi Aramco, the Saudi state-owned oil company. Hong Kong, London, New York and Tokyo are vying to list the IPO of the company expected to have a ... ( read original story ...)
Video: Hong Kong police arrest man who stole HK$70k from Bank of East Asia headquarters
A 57-year-old man was arrested in Tin Shui Wai on Wednesday for allegedly robbing the Bank of East Asia headquarters in Central. The man, surnamed To, gave a bank teller a note at around 3:30pm, before handing her a plastic bag at gunpoint, according to ... ( read original story ...)
UPDATE 1-Hong Kong Financial Secretary projects gradual pressure on property market as prices hit fresh highs
HONG KONG, Feb 28 (Reuters) - Hong Kong’s Financial Secretary said on Wednesday the city’s red-hot property market will gradually come under pressure as more flats hit the market and interest rates are expected to rise. Hong Kong is one of the most ... ( read original story ...)
Hong Kong gets artsy and other travel news
March is the best time for artsy travellers to explore Hong Kong. During Hong Kong Arts Month, events take place across the city — everything from major exhibitions to dance, music, theatre and local happenings. Here is a sample: * The 46th Hong Kong ... ( read original story ...)
Why is Hong Kong upset about an export industry that doesn’t exist? Look to Beijing for the answer
The Hong Kong government and industry players lashed out yesterday at Washington’s plan to impose tariffs on aluminium imports from the mainland and the city, which has been dragged into escalating Sino-US trade tensions. - SCMP, February 28 I have an ... ( read original story ...)
Hong Kong’s Science Park to take the lead on driving innovation and technology as it receives major cash injection
Hong Kong’s Science Park is set to play a leading role in the government’s drive to turn the city into an innovation and technology (I&T) hub as it was granted a major slice of the HK$50 billion funding package dedicated to hi-tech industries. ( read original story ...)
Hong Kong finance chief Paul Chan gives cash to help use idle government sites – but nothing to boost home ownership
The Hong Kong finance chief sought in his latest budget to make more efficient use of idle or underdeveloped government, institutional and community land to ease the city’s housing crisis. This includes a HK$1 billion subsidy to help NGOs use almost 900 ... ( read original story ...)
Hong Kong reboots with ‘back to the future’ budget as Paul Chan splashes HK$50 billion on hi-tech spending and HK$50 billion on goodies
A budget with a clear eye on the future and massive spending to alleviate people’s burdens – these were the twin pledges from Financial Secretary Paul Chan Mo-po as he set out the Hong Kong government’s spending blueprint with a record surplus of HK$ ... ( read original story ...)
Hong Kong Exchanges and Clearing : HKEX executive says maintaining active dialogue with Saudi Aramco on IPO plan
HONG KONG (Reuters) - Hong Kong Exchanges & Clearing (HKEX) is still maintaining an "active" and "good conversation" with Saudi Aramco about its planned massive share sale, the head of HKEX said on Wednesday. At a news conference after announcing its ... ( read original story ...)
HK police hunting armed bank robber who stole HK$70,000
Police are hunting for an armed robber who stole around HK$70,000 (nearly US$9,000) from a Bank of East Asia branch in Central on Hong Kong Island on Wednesday afternoon. At 3:30pm, a man aged around 50 was seen pointing what appeared to be a gun at a ... ( read original story ...)
Hong Kong’s budget is a push for fintech, innovative industries
Over HK$50 billion ($6.4 billion) would be earmarked for "investing in the future", Chan said, to help innovative and creative industries include a start-up fund and investments in sectors such as fintech. Hong Kong is widely seen to be lagging far behind ... ( read original story ...)