Hong Kong business groups have labelled as reckless the government plan to stop them using pension fund contributions to offset severance and long-service payments. They warned the plan would discourage entrepreneurs from starting businesses in Hong Kong ... ( read original story ...)
Hong Kong was supposed to liberalize China. How did the opposite happen?
It predicted that once business-friendly Hong Kong became infected with China’s culture of corruption and patronage, this glittering international finance hub would become just another typical mainland city. “In fact,” the article declared ... ( read original story ...)
Li Ka-shing to retire from his global business empire by 2018
Hong Kong tycoon Li Ka-shing has decided he will retire from his business empire by next year. He says he will remain a “senior adviser” to his flagship conglomerate, CK Hutchison Holdings Ltd. As reported by the Wall Street Journal on Tuesday ... ( read original story ...)
After HKUST MBA, McKinsey Consultant Eyes New Career In Asia
Michael Straub is doing things the other way around. After two years working as a McKinsey consultant in Switzerland, he took a career break and relocated to Asia to pursue a full-time MBA at Hong Kong’s HKUST Business School. Michael wants to immerse ... ( read original story ...)
Hong Kong’s new start-up board is a dream come true, for all the wrong reasons
To the creative minds in mainland China, the recent proposal of a new board for start-up companies by the Hong Kong Stock Exchange is a dream come true. Unfortunately, all that glitters is not gold, and investors have seen plenty of the exchange’s ... ( read original story ...)
Meltwater buys Hong Kong start-up Klarity to harness data from Chinese social media
International media intelligence company Meltwater has acquired Hong Kong-based analytics start-up Klarity in a move that is expected to deepen the firm’s ability to harness data from major Chinese social media platforms like WeChat and Sina Weibo. ( read original story ...)
CICC has just hired these outstanding interns
If you want to intern at CICC in Hong Kong or China, here’s who you have to live up to ... in the equity research team in Hong Jong and it follows a stint last summer at McKinsey & Co. But it’s away from internships that her CV stand out. ( read original story ...)
Mulberry Banks on Yang Mi’s Star Power as It Expands in China
The joint venture will set about further expanding the Mulberry brand in mainland China, Hong Kong and Taiwan. Mulberry was also busy opening a Shanghai store in April, and in May it opened a Hong Kong boutique. Online, Mulberry has created a Chinese ... ( read original story ...)
Hong Kong stocks likely to extend weekly decline after tech sell-off
Hong Kong shares are likely to decline on Monday morning after futures on the benchmark index opened lower in the city. June futures contracts on the Hang Seng Index fell 0.3 per cent, or 71 points, to 25,426 before the spot market opened at 9.30am. ( read original story ...)
Hong Kong keeps S&P’s top ‘AAA’ rating despite Moody’s cut
Hong Kong’s economy has become more integrated with China’s over the past 20 years since the handover – but the city continues to be higher rated, at “AAA”, reflecting the views there are still traditions that are distinct to it and not mainland ... ( read original story ...)
Despite challenges, startups see a bright future for tech companies in Hong Kong
Hong Kong is one of the world’s premier financial hubs, but can it be a destination for tech startups? That was the question put to a panel of experts at the TechCrunch China event in Shenzhen today. The answer, largely, was yes but it may need a little ... ( read original story ...)
Hong Kong Wants to Win the Next Alibaba With Exchange Revamp
Plans also introduced for revamp of small-cap GEM venue Hong Kong Exchanges & Clearing Ltd. is sending a message to startup companies the world over: We want your business. The bourse operator on Friday proposed the creation of a new exchange that would ... ( read original story ...)
Hong Kong Wants to Win the Next Alibaba With Exchange Overhaul
Hong Kong Exchanges & Clearing Ltd. is sending a message to startup companies the world over: We want your business. The bourse operator on Friday proposed the creation of a new exchange that would allow firms to list before they’ve made a profit and ... ( read original story ...)
Think Toronto is bad? This $664,000 parking spot shows just how crazy Hong Kong’s property market has become
HONG KONG — In many places, US$664,000 can buy you a nice house. For that price in Hong Kong, you can buy a slab of concrete, roughly 17 feet long and 11 feet wide, to leave your luxury car. Hong Kong is now home to a very expensive parking spot ... ( read original story ...