Hong Kong’s second-hand tiny flats are 9 per cent more expensive than larger ones on a per square foot basis, as record-high home prices and government cooling measures have created a mismatch between supply and demand. The average per square foot price ... ( read original story ...)
Hong Kong tech startup plans up to $150 million token sale for environmental credit market
NEW YORK (Reuters) - Veridium Labs, an environmental technology startup headquartered in Hong Kong, said on Monday it hopes to raise $150 million in October by selling two types of tokens backed by forest carbon offset credits and other credits used to ... ( read original story ...)
Hong Kong teams up with Dubai to promote fintech innovation
Hong Kong’s securities watchdog has teamed up with its counterpart ... for customers but many brokers are still hesitant to widely adopt fintech or AI in their business for fear of liability and regulatory issues,” said Mau. “If the SFC and other ... ( read original story ...)
GoGoVan to become Hong Kong’s first US$1 billion start-up after merger with 58 Suyun
Hong Kong logistics company GoGoVan has agreed to a merger with 58 Suyun, the freight business of mainland Chinese online classifieds giant 58 Home, creating the city’s first start-up worth more than US$1 billion. The merger would also create Asia’s ... ( read original story ...)
Hong Kong, mainland stocks breach major landmarks
Hong Kong and mainland stocks both registered major landmarks on Monday. The Hang Seng Index now looks set to close above 28,000 for the first time since May 2015, with a gain of as much as 0.8 per cent in the morning session, while the Shanghai Composite ... ( read original story ...)
Pakhar lands a second punch on battered Hong Kong, Macau with flight chaos, accidents and business closures
Severe Tropical Storm Pakhar barrelled down on Hong Kong and Macau on Sunday, disrupting flights and transport in two cities that had barely recovered from the hammering inflicted by Typhoon Hato last week. One man was killed in a traffic accident and 62 ... ( read original story ...)
Here are seven ways for tackling Hong Kong’s morbid grinding sense of stagnation and inequality
McKinsey reported a couple of months ago that up to two thirds ... Rather, it is about ensuring that Hong Kong families have a place to live that they can properly call a home. It is a crime that Hong Kong’s regulators have not forced on developers ... ( read original story ...)
Four practical ways for Hong Kong to help its business start-ups
After a decade with the community’s main focus seemingly elsewhere, it is refreshing to have a chief executive who is inclined to be proactive in support of economic development generally and the business community in particular. The proposal by Carrie ... ( read original story ...)
Can Hong Kong’s Express Rail Link shine a light on Disneyland and tourism?
expand business as a venue for meetings, conferences and exhibitions, and invite companies to hold activities at the park’s hotels. And only in 2018 when the first train pulls into Hong Kong will Disney know if the magic has returned. ( read original story ...)
Battered Hong Kong and Macau brace for Pakhar, more flooding
HONG KONG, Aug 27 (Reuters) - Hong Kong and Macau braced for severe tropical storm Pakhar on Sunday, just four days after one of the strongest typhoons on record, Hato, caused serious flooding and damage in the territories. Both cities issued their third ... ( read original story ...)
Student mentor wanted from elite US university? Hong Kong start-up has you covered
On the other side of an unassuming doorway in Hong Kong’s busy downtown district of Sheung Wan, a team of people work tirelessly to bring together young people from different corners of the world. Founded by two Yale University alumni who met during ... ( read original story ...)
Hong Kong securities watchdog SFC signs MOU with police to crack down on financial crime
Hong Kong’s securities watchdog and the city’s police force have signed a memorandum of understanding for deeper cooperation in cracking down on financial crimes, according to a statement issued by the Securities and Futures Commission on Friday evening. ( read original story ...)
Bike-sharing startup aims to expand coverage after financing
The startup has attracted an initial round of financing of about HK$70 million. Lee said she used to ride a bicycle when commuting overseas but due to space limitation, she has not owned a bike since her return to Hong Kong. She does not have to worry ... ( read original story ...)
Planning advisers to deliberate on proposal to call time on tram services in core of Hong Kong’s central business district
Government planning advisers are set to reject a controversial proposal to remove trams from a key section of Hong Kong’s central business district during a meeting of the city’s Town Planning Board on Friday. Former local town planner Sit Kwok-keung ... ( read original story ...)