“I'm proud that we are able to leverage Teledyne e2v's successful experience of doing business in Asia and taking this important step to ensure we provide end-to-end technical and operational support to our customers via our regional hub in Hong Kong.” ( read original story ...)
Hong Kong restaurant chains Tsui Wah and Fairwood post interim profit growth
Hong Kong restaurant operators Tsui Wah Holdings and Fairwood Holdings posted improved interim results for the six months ended September 30, citing lower costs and a better business environment as reasons for growth. Tsui Wah’s net profit rose to HK$48 ... ( read original story ...)
Hong Kong money market rate hits nine-year high, pushing up mortgage lending rates
Mortgage lending rates rose in Hong Kong on Tuesday, as the city’s main benchmark lending rate hit a nine-year high amid strong demand for Hong Kong dollars. One-month interbank rates in Hong Kong rose to 0.9611 per cent, up from roughly 0.367 per cent ... ( read original story ...)
Hong Kong has overtaken London as the world’s most expensive place to rent an office
London offices have been knocked off the top spot. Unsplash/Aron van de Pol Mainland Chinese companies have been occupying more prime real estate in Hong Kong’s Central business district, inclusive of Sheung Wan, Central and Admiralty. They have expanded ... ( read original story ...)
Chinese staff-less store startup eyes Hong Kong market
Hong Kong’s retail landscape will see some disruption in no time as BingoBox, China’s burgeoning staff-less convenience stores, plans to bring its self-service concept to Hong Kong next year, targeting quieter neighbourhoods and suburbs. BingoBox is a ... ( read original story ...)
Hong Kong should vie to become R&D hub
The Hong Kong government will step up efforts to promote innovation and technology. This was the message from Chief Executive Carrie Lam Yuet-ngor at the grand final of Alibaba’s startup competition Jumpstarter 2017 held in Hong Kong last week. ( read original story ...)
RGA invests in fintech startup
Chesterfield-based Reinsurance Group of America, a global life reinsurer, has invested in fintech startup Bitspark, based in Hong Kong. The company made its investment through its subsidiary RGAx, which focuses on new and emerging technology. The amount of ... ( read original story ...)
China’s regulator to halt Hong Kong-bound funds over fear of an impending market correction
China’s securities regulator will suspend the approval of new mutual funds that are meant for investing in Hong Kong’s equity market, putting a temporary cap on southbound capital that has boosted the city’s benchmark stock index to a decade high. ( read original story ...)
Review: Cathay Pacific Business Class, Singapore – Hong Kong
After visiting the new Cathay Pacific lounge in Singapore’s brand spanking new terminal 4 it was off to Hong Kong. Cathay offers 8 flights a day non-stop to Hong Kong from Singapore and they also fly daily to Bangkok. I was on their third flight of the ... ( read original story ...)
Hong Kong shares shrug off robust China industrial profits
Hong Kong shares closed lower on Monday, as investors largely shrugged off data showing profits at China's industrial firms continued to grow at a robust pace last month despite a slight cooling from a sizzling September. At close of trade, the Hang Seng ... ( read original story ...)
Hong Kong’s Rally Isn’t Done Yet, Technically Speaking: Gadfly
The 89-year-old should be prepared to hand out the cash. Sure, Hong Kong’s benchmark gauge closed above 30,000 on only one day last week, with the market being dragged down on Thursday by the worst stock rout in mainland China since June 2016. ( read original story ...)
Hong Kong Fintech Unicorn WeLab Eyes Next Step – An IPO
One of Hong Kong’s unicorn startups, online lending startup WeLab, fresh from raising $220 million in funding last month, is considering its next mega move. Plans are afoot to go to the next stage of growth with preliminary steps for a public listing in ... ( read original story ...)
Hold the business cards! Hong Kong professionals ditch typical networking to get inspired and connect
For anyone who’s sick of conventional networking events in Hong Kong that feel like a soulless marathon of business card dissemination, an alternative has been gathering momentum in the city over the past three years. More people are gathering through a ... ( read original story ...)
Hong Kong stocks rise for a fourth week, while Shanghai shares remain under pressure
Hong Kong stocks closed on an upbeat note on Friday, extending its advance to a fourth straight week, while Shanghai shares retreated for a second week amid concerns about tightening liquidity and strengthened regulatory surveillance. The Hang Seng Index ... ( read original story ...)