The controversial issue of whether to develop a Hong Kong golf course for housing dominated the first public forum held by the task force on land supply on Saturday, with staff and consultants for the sports ground speaking up. About 150 people took part ... ( read original story ...)
Undercover investigation exposes the Hong Kong employment agencies still exploiting domestic workers for profit
An undercover investigation has exposed unscrupulous bosses ripping off Hong Kong’s domestic workers by making them pay illegally high fees to get a job – despite last year’s official guidelines to the contrary. Research by the Federation of Asian ... ( read original story ...)
Hong Kong’s fixer-upper tycoon pushes limit of property investing
Everyone told Goodwin Gaw not to do it. The sprawling shops, offices and homes complex in Beijing that private equity group Gaw Capital Partners had in its sights was a dud, property moguls said. Beneath the four towers of Pacific Century Place was a ... ( read original story ...)
Shenzhen the launch pad for HK startups
SAR's entrepreneurs answer clarion call to go north to realize their dreams It didn't take long for Hong Kong entrepreneur Chan Sing to be shown the ropes when it comes to doing business - barely three years on the road from an incubatee startup to an ... ( read original story ...)
China’s largest job site Liepin seeks US$400 million in Hong Kong float
Wise Talent Information Technology, which operates China’s largest job recruitment site Liepin, is seeking to raise as much as HK$3.12 billion (US$400 million) in Hong Kong – the second biggest IPO by a unicorn company this year after Ping An Good ... ( read original story ...)
Hong Kong Gives Mainland Police Sway in New Train Station
HONG KONG — Hong Kong’s legislature approved a contentious plan late Thursday to allow mainland Chinese police officers to operate in a section of a new train station scheduled to open this year. To the Hong Kong government, the West Kowloon station is ... ( read original story ...)
Reuters Inst. study flags impact of Chinese money on independence of Hong Kong media
Hong Kong’s media has continued to come under the influence of Chinese investors, according to a Reuters Institute study. The 2018 Reuters Digital News Report found that declining revenues meant that Hong Kong news outlets were turning to Chinese ... ( read original story ...)
HONG KONG | Bill passage seen as increasing China’s hold over Hong Kong
HONG KONG — Hong Kong’s legislature has passed a bill that will allow Chinese authorities to enforce their own laws within a portion of the semi-autonomous territory. Independent lawmakers believe the bill governing the Hong Kong terminus of the rail ... ( read original story ...)
Hong Kong lawmakers slam bus operators Citybus and New World First Bus over call for 12 per cent fare rise
Groups across the political spectrum in Hong Kong slammed two franchised bus operators on Friday and accused them of increasing the burden on the public by pushing for a 12 per cent fare rise. While it has been 10 years since the last fare increase by ... ( read original story ...)
Hong Kong’s Swire sells two office towers in Cityplaza development for US$1.9 billion
according to property firm JLL’s May Property Market Monitor, adding that demand mainly focused on eastern Hong Kong Island and the east of Kowloon, which accounted for around 76 per cent of the new lettings in May. Swire Properties saw its underlying ... ( read original story ...)
Hong Kong tracks US Fed rate hike, but impact on economy seen as limited
Hong Kong’s de facto central bank tracked the US Federal Reserve in lifting interest rates again on Thursday, but analysts said homeowners in the city’s red-hot property market would be cushioned from the impact for now. The US central bank on ... ( read original story ...)
ZTE’s Hong Kong-listed shares slide as much as 10 percent
ZTE has proposed a $10.7 billion financing plan and nominated eight board members in a drastic management overhaul, as it seeks to rebuild a business crippled by a U.S. supplier ban. The Hong Kong-listed stock fell to as low as HK$13.38, while ZTE’s ... ( read original story ...)
Hong Kong gripped by 2018 World Cup fever as start of tournament brings fans flooding into city’s bars and restaurants
With Moscow five hours behind Hong Kong, this year’s matches kick off between 6pm and 3am, meaning less disruption during office business hours than was the case four years ago. In Causeway Bay, Philip Wong, manager of Zerve Bar & Billiards, said ... ( read original story ...)
Hong Kong tycoon pays $1.3 bn for London office tower
Hong Kong tycoon Victor Li has bought a London office tower for 1 billion pounds ($1.3 billion) as he expands his overseas portfolio after taking over the business empire of his billionaire father Li Ka-shing. Property company British Land and a ... ( read original story ...)