Hong Kong stocks opened 0.6 per cent higher on Thursday, breaching 24,000 at the opening bell for the first time since August 2015. The strong performance follows further record highs in the US equity market for the fifth-straight day as investors ... ( read original story ...)
Hong Kong’s immigration policy: a help or hindrance to business?
We are a city of immigrants. Just a few thousand are true descendants of indigenous Hong Kong farmers and fishermen – though about another million claim that right. The rest of us are economic migrants – just look at Hong Kong place names: Catchick ... ( read original story ...)
Hong Kong lags behind Singapore in mobile payments, says Visa
Mobile and electronic payment services in Hong Kong are catching up quickly but still lag behind mainland China and Singapore, according to industry players. Payment network provider Visa has seen its contactless payment solution, which allows people to ... ( read original story ...)
Hong Kong’s Hang Seng Index closes just short of 24,000, with turnover above HK$110bn
Hong Kong’s benchmark Hang Seng Index briefly breached 24,000 on Wednesday for the ... Leading the gains were Chinese banks, with Agricultural Bank of China (ABC) surging 6.1 per cent, China Construction Bank (CCB) gaining 5 per cent, Bank of China ... ( read original story ...)
Explosion in Hong Kong’s start-up culture as more people recognise opportunities
Hong Kong has experienced “staggering” growth in entrepreneurship in recent years, a newly released report reveals. Almost a fifth of adults had entrepreneurship intentions last year and 9.44 per cent reported starting or operating new businesses last ... ( read original story ...)
Hong Kong police struggle to stop brokerage hacking spree
Hong Kong is a favored place for such attacks because of the number of thinly-traded penny stocks in the territory and because its securities industry has fallen behind other financial centers in defending against cyber fraud. At least seven brokers and ... ( read original story ...)
Hong Kong police guilty over attack on democracy protester
Seven Hong Kong police officers were found guilty Tuesday of assaulting a protester during pro-democracy rallies in 2014, in an attack that was captured on film and beamed around the world. All seven were convicted of assault causing actual bodily harm to ... ( read original story ...)
Hong Kong takes aim at middlemen in wake of Panama Papers scandal
HONG KONG Hong Kong is beefing up its anti-money laundering and corporate disclosure laws in a move that some financial crime specialists say could lead to the exodus of billions of dollars in assets from the territory as people seek to avoid increased ... ( read original story ...)
Hong Kong police officers convicted of beating protester
Seven police officers in Hong Kong have been convicted of beating a protester during pro-democracy rallies in 2014. The group, charged with intentionally inflicting grievous bodily harm, were found guilty of a lesser charge of causing bodily harm. ( read original story ...)
Hong Kong and China: The Differences Investors Need to Know
Reading this without ever being to China, you would lump Hong Kong and China as the same place.I admit, that is what I did before I first landed in Hong Kong airport in 2007. There are massive differences between Mainland China and Hong Kong. Today I’m ... ( read original story ...)
Hong Kong’s historic old Bank of China building set for new life as private bank headquarters
Bank of China (Hong Kong) will convert its current historical old Bank of China building in Central into regional headquarters for its private banking unit as it expand services to capture the business of the growing number of mainland millionaires. ( read original story ...)
7 Hong Kong police guilty in democracy activist's 2014 beating
HONG KONG -- Seven Hong Kong police officers were convicted Tuesday ... During the scuffle on Oct. 15, 2014, TV news cameras caught officers kicking and punching a handcuffed Tsang in a dark corner of a nearby park. Tsang himself was convicted last year ... ( read original story ...)
Fitch Assigns Final 'A' to BOC Hong Kong Branch's USD Notes
(The following statement was released by the rating agency) TAIPEI/HONG KONG, February 13 (Fitch) Fitch Ratings has assigned Bank of China Ltd. (BOC) Hong Kong Branch's senior unsecured notes issued under its medium-term note (MTN) programme a final rating ... ( read original story ...)
Hong Kong parents face traps by making gifts in return for care by children in old age
As we get older, the question of who will look after us is likely to loom larger in our minds. There is no shortage of cases in which elderly people have promised substantial inheritances to relatives who agree to look after them. Whether these promises ... ( read original story ...)