Expats and buyers from China who do not have permanent residency must pay stamp duty of 30 per cent when purchasing homes in Hong Kong, a measure the government rolled out in a bid to cool down the property sector, compared with stamp duty of 15 per cent ... ( read original story ...)
Hong Kong justice chief warns cross-border legal links can’t be rushed
Hong Kong and Chinese mainland authorities are discussing greater mutual assistance on criminal cases, but the gap between the two legal systems is a challenge, the city’s Secretary for Justice Rimsky Yuen Kwok-keung said on Sunday. But a leading jus ... ( read original story ...)
Hong Kong vs. Singapore: Weighing Asia's financial hubs
Many cities lay claim to being important financial centers, but two metropolises are usually seen vying for the title of Asia's most important financial hub: It's Hong Kong versus Singapore. Singapore is a gateway to Southeast Asia and is seen as a wealth ... ( read original story ...)
Family-owned start-up opens restaurant in Hong Kong (with photos)
A brother and sister partnership today (April 24) opened the first Uma Nota restaurant in Hong Kong, bringing São Paulo's Brazilian-Japanese street food and cocktails to the city. Developed by brother and sister duo Alexis and Laura Offe, Uma Nota is ... ( read original story ...)
Can Hong Kong retake its IPO crown?
Nicholas Johnson, J.P. Morgan, says there is a slate of exciting opportunities coming to the Hong Kong issuance market in the second half of the year. Bloomberg 3:06 ( read original story ...)
Protect Hong Kong residents with dedicated property market
According to chief executive-elect Carrie Lam Cheng Yuet-ngor, “ it may not be feasible to suppress” property prices (“Efforts to curb high home prices fail, Lam admits”, April 2). She said “doing so further will have side effects”. She pledged ... ( read original story ...)
Finance chief raises possibility of more people living in ‘Greater Bay Area’ and commuting to Hong Kong
Hong Kong’s finance chief suggested that living in the “Greater Bay Area”, where property prices are much cheaper than those in the city, and commuting to Hong Kong for work was an option many people could consider. Financial Secretary Paul Chan Mo ... ( read original story ...)
Hong Kong lawmakers warned of HK$31.6 billion loss if they fail to endorse Disneyland revamp funding
The government has warned that Hong Kong risks a massive loss of economic benefits if lawmakers fail to pass a HK$5.45 billion funding application for a revamp of the Disneyland theme park. In a desperate attempt to press for Finance Committee endorsement ... ( read original story ...)
China Unicom (Hong Kong) Ltd.: 1Q 2017 Key Financial & Performance Indicators
In the first quarter of 2017, the Group's operation progressed steadily as planned. The Group focused on 4G business and stepped up the transformation of its marketing model. It accelerated migration of 2G/3G subscribers to 4G. Meanwhile, the Group also ... ( read original story ...)
Hong Kong protesters march for ‘genuine universal suffrage’ one month after Carrie Lam elected leader
More than 300 people took to the streets a month after Carrie Lam Cheng Yuet-ngor was elected Hong Kong’s next leader, reiterating their call for “genuine universal suffrage” and urging Lam to reopen the now-sealed off government forecourt in a bid ... ( read original story ...)
Linking Hong Kong food trucks to ordinary people’s lives should make for a tasty exercise
The frustrations of the food truck operators make you wonder if the scheme is intended to boost tourism, promote street food culture, give local hawkers another business option or is just a little bit of everything in the name of diversifying Hong Kong’s ... ( read original story ...)
Hong Kong dollar is Asia’s worst-performing currency as Chinese yuan stabilises
The Hong Kong dollar has weakened modestly this year even as the yuan has been stabilising and other Asian currencies rallied, but its softness reflects a flushed banking system rather than signs of economic weakness in the city, analysts say. Ample ... ( read original story ...)
Safety first: building a ‘safety climate’ is key to avoiding marine accidents
Located at the gateway to southern China and the centre of the fast-developing Asia-Pacific trading basin, the Hong Kong port has always played a key strategic role in the economic development of the city. In 2016, Hong Kong was ranked as the fifth largest ... ( read original story ...)
Stock’s 9,800% rise exposes Hong Kong’s paper billionaires
a Hong Kong-based finance professor at Beijing’s Cheung Kong Graduate School of Business, who was speaking generally. “And now mainlanders are also coming here and using similar tricks or gimmicks to maximise their wealth.” A representative for the ... ( read original story ...)