"Of course Yellen's comment is not good news for Hong Kong stocks," said Linus Yip, a Hong Kong-based strategist at First Shanghai Securities. Still, he thought a bigger factor explaining Thursday's drop would be that the previous day's rally might have ... ( read original story ...)
Hong Kong in Fiji preparing for Singapore leg of the HSBC World Sevens Series and qualifier
SINGAPORE, 17 Jan 2017 – The 2017 HSBC Singapore Rugby Sevens will see the participation of two top Asian sides as Hong Kong is confirmed as the wild card team. In Singapore, Hong Kong will line up alongside 15 other ‘core’ teams, including their ... ( read original story ...)
Hong Kong 'mini' flats boom as government fails to rein in record-high prices
High property prices and rents posed "the gravest potential hazard to the Hong Kong community as many families have no choice but to live in subdivided units, even in industrial buildings," Leung added. Property prices have surged nearly 50 percent to ... ( read original story ...)
Hang Seng Rises 1.1%: Morgan Stanley Turns Bullish On Hong Kong Banks
The low interest rate environment discouraged local banks from lending and helped push loan-to-deposit ratios at Bank of China Hong Kong and Hang Seng Bank to below 70%. The sector’s net interest margin, its major profitability metric, has shrunk to 1.3 ... ( read original story ...)
Hong Kong venture capitalists urge more support for local start-ups
Venture capitalists in Hong Kong are calling for stronger support from governments, corporations and banks to strengthen the start-up ecosystem and boost innovation in the city. Speaking at the StartmeupHK venture forum on Tuesday, a panel of venture ... ( read original story ...)
Scrapping of MPF offset “totally unjustified”, Hong Kong business groups say
During his final policy address today, Hong Kong’s Chief Executive Leung Chun Ying is expected to announce the scrapping of the Mandatory Provident Fund offsetting mechanism. In a statement released on Tuesday, five business groups protest the plan ... ( read original story ...)
In Final Speech, Hong Kong Leader Warns on Independence Push
Hong Kong's outgoing leader warned in his farewell policy speech Wednesday that independence for the Chinese-controlled territory is not possible. In his annual address to the legislature, Chief Executive Leung Chun-ying said that Hong Kong is an ... ( read original story ...)
Hang Seng Rises 1.2%: Morgan Stanley Turns Bullish On Hong Kong Banks
The low interest rate environment discouraged local banks from lending and helped push loan-to-deposit ratios at Bank of China Hong Kong and Hang Seng Bank to below 70%. The sector’s net interest margin, its major profitability metric, has shrunk to 1.3 ... ( read original story ...)
Hong Kong leader warns against independence push in final speech
Hong Kong's outgoing leader warned in his farewell policy speech Wednesday that independence for the Chinese-controlled territory is not possible. In his annual address to the legislature, Chief Executive Leung Chun-ying said that Hong Kong is an ... ( read original story ...)
Investing in Hong Kong properties for Singapore investors
Hong Kong’s property market is among the world’s most expensive and prices continue to climb steadily. In November 2016, flats in South Horizons in Aberdeen, sold for HK$16,497 (S$3,160) per square foot, a 12.8% increase over the previous peak in ... ( read original story ...)
HK a shining startup hub
This StartmeupHK Venture Forum brings together innovative start-ups, entrepreneurs, investors, students and thought leaders from Hong Kong and overseas to celebrate the world’s most vibrant start-up ecosystems. My colleagues at InvestHK have lined up an ... ( read original story ...)
Hong Kong start-up boosters and doubters lock horns at StartmeupHK festival
Brett King wears many hats: he’s a best-selling author, radio host (his show and podcast Breaking Banks is the top-ranked fintech (financial technology) show, start-up founder (CEO of mobile-based banking app Moven) and a contributor to The Huffington ... ( read original story ...)
Hong Kong: A Home Away From Home for European FinTech Startups
European FinTech hubs have traditionally been taking leading places among the hottest FinTech communities globally. Nonetheless, in recent years, European FinTech startups faced certain hardships due to political, economic and regulatory changes, affecting ... ( read original story ...)
Hong Kong Stocks Up Amid Caution Before May's Speech, Trump Inauguration
Hong Kong shares bounced back on Tuesday from the previous day's spill, but gains were capped as investors awaited British Prime Minister Theresa May's speech on Brexit later in the day and Friday's inauguration of Donald Trump as U.S. president. ( read original story ...)