HONG KONG -- Chief Executive Carrie Lam on Wednesday laid out a broad vision for Hong Kong in her first policy address since she assumed the city's highest office, pledging to help the middle class by lowering the tax rate on small businesses and promising ... ( read original story ...)
In Hong Kong, It’s the Fans Who Protest During the National Anthem
While Hong Kong returned to Chinese control in 1997, it still fields its own teams in international sports competitions. One of its most popular teams, men’s soccer, has become a focal point for discontent. On Tuesday, fans booed before the start of an ... ( read original story ...)
Lalamove on track to become next start-up unicorn from Hong Kong
Hong Kong logistics start-up Lalamove said on Wednesday that it has raised US$100 million in the latest round of funding, placing its valuation to close to US$1 billion, giving further impetus to its expansion plans in Southeast Asia and maintain its ... ( read original story ...)
Venus Williams keeps mum on Serena at Australian Open after getting back to business in Hong Kong
Keep the questions to the tennis, the gathered media was urged before Venus Williams’ post-match press conference. The Victoria Park media tent hardly seemed the time or place to bring up the fatal car crash she was involved in earlier this summer. ( read original story ...)
Subsidies for Hong Kong commuters, huge cuts to profits tax to be announced in Carrie Lam’s policy address
Hong Kong’s public transport commuters will be given a monthly ... Carrie Lam Cheng Yuet-ngor’s maiden policy address, the Post has learned. Local business operators will also benefit, with the profits tax rate for their first HK$2 million in profits ... ( read original story ...)
China goes all out to be king of the electric car
Expecting a bonanza, investors have pushed BYD shares up by as much as 70% in the past month on the Hong Kong Stock Exchange ... first-time car buyers," according to a recent McKinsey report. "In all, China provides monetary subsidies that, for a ... ( read original story ...)
London is world’s top city for diamond retailing, new study reveals
Using data from McKinsey & Co and Bain & Company ... Also ranking in the top worldwide locations for luxury shopping was Hong Kong with £6.2 billion sales and Beijing with £6 billion. Traditionally affluent shopping locations such as Las Vegas and ... ( read original story ...)
Slavitt joins General Atlantic
Prior to HealthAllies, he was a consultant with McKinsey & Company and an investment banker with ... Amsterdam, Beijing, Greenwich, Hong Kong, London, Mexico City, Mumbai, Munich, Palo Alto, São Paulo, and Singapore. Copyright (c) Buyouts Insider/Argosy ... ( read original story ...)
Between rampant inequality and tensions with China, Hong Kong’s new chief executive paints a ‘grave’ picture
Carrie Lam said that the government’s work on reform had been “open and transparent.”. SCMP Pictures HONG KONG (Reuters) - In her maiden policy speech Hong Kong's Chief Executive Carrie Lam on Wednesday warned the city faced "grave" challenges and ... ( read original story ...)
Hong Kong regulator expands IPO probe to 15 banks and securities firms
Hong Kong’s markets watchdog is investigating 15 banks and securities ... UBS has said that the SFC’s action could lead to a suspension for its IPO sponsoring business. In a prophetic warning, last month the Swiss bank’s global investment banking ... ( read original story ...)
New Hong Kong leader proposes corporate tax cut
HONG KONG - Hong Kong will step up support for technology development and small business, Chief Executive Carrie Lam pledged in her first policy address since assumed the city's highest office more than three months ago. Lam noted on Wednesday that Hong ... ( read original story ...)
Hong Kong leader says Asian financial hub faces ‘grave’ challenges
HONG KONG: In her maiden policy speech Hong Kong’s Chief Executive Carrie Lam on Wednesday warned the city faced “grave” challenges and must develop a diversified and high value economy, unveiling a mix of housing and tax relief policies to raise ... ( read original story ...)
Lalamove Scores $100M Investment From China: Is This Hong Kong’s Next Unicorn?
Pulling in close to news of Hong Kong startup GoGoVan’s merger with 58 Suyun – a deal that reportedly makes the combined group worth $1 billion – another Hong Kong-based startup, Lalamove, announced its Series C funding of $100 million, led by ... ( read original story ...)
Hong Kong leader says to cut taxes, ease housing crunch in maiden policy address
(Corrects to clarify figure in first paragraph refers to Hong Kong dollars) HONG KONG, Oct 11 (Reuters) - Hong Kong will cut company profits tax to 8.25 percent for the first HK$2 million of earnings, Hong Kong's Chief Executive Carrie Lam said in her ... ( read original story ...)