Category: BUSINESS

Mining for virtual currencies like bitcoin may not be as messy as its real-world equivalent, but the supply of electricity needed to cool the massive computing power that produces the currency means it has also developed a reputation for harming the ... ( read original story ...)

A stable economy in 2017 coupled with small improvements to the business landscape in Hong Kong has translated to optimism when it comes to salary increases in the market. The workforce will see a modest growth of 4.1% in their salaries in 2018 ... ( read original story ...)

German sportswear giant Adidas is planning to relocate its information technology operations from Hong Kong to Shanghai as part of a strategy to bolster its business on the mainland. A senior executive with the company, familiar with the plan, said Stefan ... ( read original story ...)

Wharf Holdings slid 2.2 per cent to HK$26.90, taking its losses so far this week to 7.8 per cent, after its decision to spin off and list its Hong Kong investment properties. Before the price adjustment from the business split, Wharf closed at HK$73 per ... ( read original story ...)

It is as simple as that. – Nelson Wong, vice-chairman, Business and Professionals Federation of Hong Kong, in SCMP’s “Letters to the editor”, November 15, 2017 He is absolutely right about the crowding. It is an embarrassment for Hong Kong that in ... ( read original story ...)

A group of ten undergraduate students from The Chinese University of Hong Kong (CUHK) Business School Asian Business Studies (ABS) program visited Citi's Consumer Innovation Lab in Singapore on November 3. This is the first time that the students were ... ( read original story ...)

Shen Jianguang, chief economist at Mizuho Securities Asia in Hong Kong, said Chinese banks made “hefty profits ... as commercial lenders and policy tools,” he said. While the McKinsey report blamed the banks’ low profits on high levels of corporate ... ( read original story ...)

Hong Kong signed free trade and investment agreements with the 10-nation Association of Southeast Asian Nations on Sunday, in what one of the Chinese territory's officials called a "loud and clear" vote against rising regional trade protectionism. ( read original story ...)

HONG KONG, CHINA–(Marketwired – Nov 11, 2017) – Canon Hongkong Company Limited (Canon Hongkong) (TSE: 7751) (NYSE: CAJ) today honoring winners of Canon PhotoMarathon (CPM) Hong Kong 2017 for their outstanding shots of the city during the competition ... ( read original story ...)

While Hong Kong’s start-up revolution continues to surge because of increased activity in the financial technology field and the spark provided by young billion-dollar companies, a new study has found that overall business confidence in the city is down ... ( read original story ...)

HONG KONG, Nov. 10, 2017 /PRNewswire/ -- Lee Kum Kee won the first "Business for Social Good Award" by Our Hong Kong Foundation in recognition of its contribution in creating shared values and promoting corporate sustainable development. As a responsible ... ( read original story ...)

Hong Kong stocks opened lower in early trading on Friday, retreating after closing above 29,000 for the first time in 10 years the previous day. Chinese banks and insurers were hit most as the Hang Seng Index fell 0.3 per cent, or 82.06 points, to 29,054 ... ( read original story ...)

HONG KONG–A select group of financial services technology (fintech) companies demonstrated their products and services to dozens of top banking, venture capital and technology executives today at Accenture’s (NYSE:ACN) fourth annual FinTech Innovation ... ( read original story ...)

HONG KONG, CHINA–(Marketwired – Nov 6, 2017) – Avnet Asia Pacific continued its ongoing investment in the region's startup community through its participation in the 2017 Elevator Pitch Competition (EPiC) as a diamond sponsor. Frederick Fu ... ( read original story ...)