MTR Corp, Hong Kong’s largest transportation stock, says international expansion and opportunities arising from China’s flagship regional infrastructure-building “Belt and Road Initiative” now form the core of its business plan. Over the past 20 ... ( read original story ...)
Hong Kong has work to do to maintain M&A momentum
Hong Kong has a lot of work to do if it wants to maintain its edge as a destination for mergers and acquisitions activity and stave off competition from Singapore, experts say. Since the 1997 handover from British to Chinese rule, the value of deals ... ( read original story ...)
Hongkong racers rev for Le Mans as Red Giant leads AMG celebrations and Lamborghini unveils stunning Huracán rear-wheel drive Spyder
Jota Sport has won class wins in both the Le Mans and Spa 24 Hours in two decades of endurance racing. Hong Kong-based WIN Motorsport wants to qualify for next year’s 24 Hours of Le Mans. Led by local racing driver and team owner William Lok, the team ... ( read original story ...)
Hong Kong M&A activity jumps fivefold in 20 years as Chinese firms use city to go global
Hong Kong is a popular destination for takeover and merger activity because locally listed firms like to acquire overseas companies to diversify their business, while many mainland firms use the city as a stepping stone to buy into overseas companies ... ( read original story ...)
Someone just paid over $600,000 for a parking spot in Hong Kong
In case you're keeping track, that's HK$5.18 million. Robb Report If you think millennials have it tough in the US, they really have it hard in Hong Kong. In the latest installment of jaw-dropping Hong Kong property prices, a parking spot in the Upton ... ( read original story ...)
Hong Kong stocks open lower after HKMA raises interest rate
Hong Kong stocks opened lower on Thursday after the city’s de facto central bank followed a US decision and lifted the base interest rate. Hong Kong’s benchmark Hang Seng Index dropped 0.4 per cent, or 103.6 points, to open at 25,772.3, while the Hang ... ( read original story ...)
A $664,000 Parking Spot Symbolizes Hong Kong’s Property Frenzy
HONG KONG — In many places, $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 ...
How To Find a Quality Internship in Hong Kong? (A Global Business Boost)
Want to take your experience from paper and dorm rooms to real world experience? An experience is a great way to do that – and especially in a global city in Hong Kong. For me, internships during my time in college helped me define what it was I liked ... ( read original story ...)
HKMA raises rates after US Fed move, reiterates warning to home buyers
The Hong Kong Monetary Authority raised its base rate by 0.25 percentage points on Thursday morning, following the US Federal Reserve’s overnight move. In announcing the decision, HKMA chief executive Norman Chan Tak-lam reiterated his warning to Hong ... ( read original story ...)
Hong Kong stocks set to open lower after interest rate rise
Hong Kong stocks look set to open lower on Thursday after the city’s de facto central bank followed a US decision and lifted the base interest rate. The Hang Seng Index futures spot June contract lost 0.2 per cent, or 42 points, to 25,700 in the pre ... ( read original story ...)
Parking space sold for record $664K in Hong Kong
Last month, a Hong Kong tycoon bought an entire carpark building for $3 billion in the city’s central business and shopping district. Hong Kong property is consistently ranked among the world’s most unaffordable, and prices continue to soar. ( read original story ...)
Hong Kong plans for a city that’s growing older
Planners here still see Hong Kong that way. But they also are looking at the long-term trends, and grappling with a force they cannot stop: Hong Kong is getting older. That’s true of both the city’s people and its built environment — a phenomenon ... ( read original story ...)
A Scenario-Based Guide to Hotels for Business Travel in Hong Kong
A quick, no-nonsense guide to where to stay for business trips in one of the world’s most spectacular cities: Hong Kong. This is the first of several articles highlighting where to stay on business in some of the world’s most interesting cities. ( read original story ...)
Hong Kong biotech start-up claims world first in stem cell treatment of Alzheimer’s and Parkinson’s diseases
Oper Technology, a Hong Kong biotechnology start-up, has pioneered what it claims is a world first in stem cell treatment that it says could potentially help millions of patients suffering from Alzheimer’s and Parkinson’s diseases. The business was co ... ( read original story ...)