CIMIC Group company, Leighton Asia, has been selected by the Government of the Hong Kong Special Administrative Region to construct the East Kowloon Cultural Centre. Revenue to Leighton Asia, which is part of CIMIC Group construction company CPB ... ( read original story ...)
China's Hong Kong SAR boosts cultural, labor cooperation with Indonesia
HONG KONG, May 1 (Xinhua) -- The Hong Kong Special Administrative Region (HKSAR) of China signed two documents with Indonesia on Monday to further boost cultural and labor cooperation. The two sides signed a Memorandum of Understanding (MoU) on cultural ... ( read original story ...)
Employees' benefits improved
The Government has always examined and improved employees’ benefits on pace with Hong Kong’s socio-economic development, taking into account both employees’ interests and employers’ affordability. The administration made the statement in response ... ( read original story ...)
Hong Kong Museum of 1989 Tiananmen Massacre Reopens Ahead of Anniversary
A Hong Kong museum commemorating the 1989 student-led democracy movement in China, and the military crackdown on unarmed civilians that ended weeks of protest on the night of June 3, has opened its doors once more, despite being forced to close amid ... ( read original story ...)
World's only Tiananmen museum returns to Hong Kong
The museum, now housed at a new temporary venue, will open to the public at a time when Hong Kong is revving up the fanfare for the 20th anniversary of its handover to China by Britain, with expectations of a high-profile visit by Chinese president Xi Jinping. ( read original story ...)
The Haunted Traveler: Haunted Hong Kong
Out of the norm, out of the box and out of this world; I’m talking about being a haunted traveler. And today we’re taking a look at haunted Hong Kong. A haunted traveler is someone who visits certain cities strictly for the paranormal places that exist ... ( read original story ...)
As China’s Investors Rush In, Hong Kong Shares Take a Wild Ride
HONG KONG — Meitu had been a snoozer of a stock since listing in Hong Kong in December. Then investors from mainland China had a chance to buy in. Almost immediately, shares of Meitu, a Chinese smartphone app maker, jumped 80 percent in a week — then ... ( read original story ...)
Banks are closing branches all over the world, but why not in Hong Kong?
Retail banking in Hong Kong seems resilient if you look at the number of outlets. Elsewhere in the world, bank branches have been closing; in Hong Kong, by and large, they have stayed open. HSBC will have halved its UK presence compared to 2011 by the end ... ( read original story ...)
Hong Kong’s drawndown mortgage loans in March rise 17.8% m/m
HONG KONG: New mortgage loans drawn down in Hong Kong totalled HK$24.9 billion in March, up 17.8 percent from a month earlier, Hong Kong Monetary Authority (HKMA) data showed on Friday. Following is the breakdown of data from HKMA: 2017 2017 March Feb M/M ... ( read original story ...)
Is Hong Kong Realty Peaking?
It’s a favorite topic in Hong Kong’s traditional cha chaan teng , or tea shops: How much higher can property prices go? Housing in the Asian finance hub is already the world’s most unaffordable, having surged nearly 200% since the financial crisis in ... ( read original story ...)
Non-performing loans and capital outflow: Is China on the verge of a banking crisis?
Tight control over banks and their senior personnel has long given China a ready-made platform to control its financial institutions. But controlling the effects of financial contagion is very different from the supply side policies that central planners ... ( read original story ...)
Car, bodyguards for former Hong Kong leader Donald Tsang raise questions
Disgraced former Hong Kong leader Donald Tsang Yam-kuen has received support ... were paid for by the government under rules agreed by the Legislative Council’s Finance Committee in 2005, which backed a set of proposals by an independent commission ... ( read original story ...)
How Japan’s criminal gangs are making a fortune from gold bought in Hong Kong
According to police, a high percentage of the illegal imports are coming from Hong Kong. Japanese customs detected a mere eight attempts to smuggle gold into Japan in the 12 months to June 2014, according to the Coordination Division of the Finance ... ( read original story ...)
HK-Champagne deal signed
Secretary for Commerce & Economic Development Gregory So has signed a deal to boost Hong Kong's wine business with Champagne, France. The deal will facilitate co-operation in wine education and training, culinary arts, tourism and trading activities. ( read original story ...)