Nov 3 (Reuters) - Hong Kong's money market rates spiked this week to multi-year highs, reacting afresh to the central bank's efforts in the past few months to soak up excess cash, push rates closer to U.S. yields and put a floor under its currency. ( read original story ...)
Hong Kong finance chief Paul Chan defends business registration fee amid criticism from World Bank
The financial secretary has defended his decision earlier this year not to waive the annual business registration fee, even though the World Bank said it had weakened Hong Kong’s competitiveness. Paul Chan Mo-po said the HK$2,000 fee was of a “trivial ... ( read original story ...)
Hot AI Startup In Hong Kong Hits Unicorn Status And Shows The Way For More To Spring Up
The buzz in tech and venture circles in Hong Kong today is about the emergence of home-grown Hong Kong startups that have reached unicorn or $1 billion-plus status in financing. Their names are instantly recognizable in these circles: logistics service ... ( read original story ...)
BRIEF-BOC Hong Kong says acquisition of Cambodia business will take place on Nov 6
* Acquisition of Cambodia business will take place on nov 6 as agreed in cambodia asset purchase agreement Source text for Eikon: Further company coverage: Our Standards:The Thomson Reuters Trust Principles. ( read original story ...)
50-foot ‘coffin homes’ and an £87 million townhouse deal highlight the scale of inequality in Hong Kong
House prices in Hong Kong are among the highest in the world, but it's also one of the world's most unequal cities. Its poorest residents have been priced out of the property market: Hong Kong's poor residents have just 50 square feet of living space per ... ( read original story ...)
Financials led by StanChart and HSBC drag Hong Kong index lower
Hong Kong stocks fell for a third time in four days on Thursday, as traders sold financial companies to take profits from the best-performing sector this quarter after their earnings releases. The Hang Seng Index retreated 0.3 per cent, or 75.42 points, to ... ( read original story ...)
HKSTP’s Elevator Pitch Competition Attracts Keen Global Interest Showcasing Hong Kong’s Rising Profile as a Start-up Hub
Strengthening Hong Kong's entrepreneurial spirit, 100 technology start-ups from around the world take a unique opportunity to meet potential investors HONG KONG, Nov. 3, 2017 /PRNewswire/ -- Hong Kong Science and Technology Parks Corporation (HKSTP) held ... ( read original story ...)
Games win puts focus on banks’ gay rights push in Hong Kong
Hong Kong’s selection to host the 2022 Gay Games puts the spotlight on calls by Goldman Sachs Group Inc., BlackRock Inc. and other financial institutions for the city government to make progress on gay rights or risk harming efforts to lure global talent. ( read original story ...)
Need start-up funding? Cyberport rolls out network to help connect young companies with investors
Cyberport will spearhead a network aimed at more effectively connecting investors with start-ups based in Hong Kong to help boost the entrepreneurial landscape in the city. The Cyberport Investors Network (CIN) currently has over 50 funds and investors and ... ( read original story ...)
Hong Kong shares fall as investors await Fed nomination, eye possible H-share change
SHANGHAI, Nov 2 (Reuters) - Hong Kong stocks slipped on Thursday, echoing nervousness in global markets as investors waited for key policy events in the United States and what could be the Bank of England’s first hike in more than 10 years. Investors ... ( read original story ...)
Hong Kong’s Elite Dining Experience: good food without breaking the bank
The weekend is upon us, and it is time to start thinking about what to eat tomorrow evening before Saturday rolls in. Well next week you’re in luck, because November 9 will be Elite Dining Week, a chance to sample some of the best food in Hong Kong ... ( read original story ...)
Hong Kong shares slip amid caution over rising credit costs
"Hopefully, it is only pushed up by short-term initial public offering margin lending demand," and not because of tighter liquidity in the banking system. Garment-supplier Crystal International is expected to start trading on Hong Kong's main board on ... ( read original story ...)
Norwegian ‘Start-up in Hong Kong’ seminar
On 9 November the Norwegian Chamber of Commerce Hong Kong is hosting a ‘low-key’ seminar with Mr Jørgen Sevild who will share an insight in how to set up a business in Hong Kong. The guest speaker graduated with a degree in industrial- and system ... ( read original story ...)
Review: Hong Kong Airlines Airbus A330 business class, Gold Coast-Cairns-HK
Receive 75,000 bonus Qantas Points when you spend $2,500 on eligible purchases In the first 3 months. Plus, earn 75 Qantas Status Credits if you buy a new return flight & travel before May 31, 2018. Save $425 with no annual fee for the first year. ( read original story ...)