A feud that split one of Hong Kong’s richest real estate clans unfolded in the High Court on Tuesday, with a unit of the city’s largest bank embroiled in accusations that it had favoured one side of the family. The battle stems from a lawsuit filed two ... ( read original story ...)
Pressure on Hong Kong to Scrap Currency Peg
If only Chief Executive Carrie Lam and Norman Chan, who heads Hong Kong’s de facto central bank, spent as much time and resources addressing worsening inequality and social mobility. The falling Hong Kong dollar is a distraction—more symptom than cause ... ( read original story ...)
New study into Hong Kong’s forsaken ‘cardboard grannies’ finds they earn just HK$716 a month
Releasing its findings on Monday, the group estimated there were about 2,900 people on the streets of Hong Kong each day collecting rubbish, though it was a rough projection based on visits to 58 of the city’s 320 recycling shops. “They are mostly ... ( read original story ...)
Smart-locker startup Pakpobox ventures into self-pickup market
Among the entities seeking to capitalize on this phenomenon is Hong Kong-based Pakpobox, a startup that was founded in 2014. Pakpobox Hongkong currently has about 3,500 so-called compartment doors installed in 60 locations in Hong Kong, including shopping ... ( read original story ...)
The upcoming districts that will define Hong Kong’ future as a business, knowledge and cultural hub
Beyond the hustle and bustle of Hong Kong’s core business districts are several areas quietly growing and becoming of greater importance – not only for the city but the region and China’s “Greater Bay Area” initiative. The districts of Tuen Mun ... ( read original story ...)
Hong Kong millionaires beat Americans in investing for parents and children, according to survey
Hong Kong millionaires are more aggressive than those in the United States when it comes to investing for parents and children, according to a survey released on Tuesday by US brokerage Charles Schwab. The online survey, conducted in February, polled 2,000 ... ( read original story ...)
New Chinese plans are raising questions about Hong Kong’s IPO prominence
China is laying the groundwork for China Depository Receipts, allowing major firms to issue a type of secondary listing in the mainland. Some are worried that could negatively affect the Hong Kong IPO market, but experts said it's unlikely to have a major ... ( read original story ...)
Hong Kong’s Rising Affluent Yearns for Information and Insights to Globally Diversify Investment Portfolio
Charles Schwab Hong Kong Survey uncovers the city's rising affluent investors' attitude and sentiment towards diversification, international investment, financial planning and wealth management Considering the level of stability in international and ... ( read original story ...)
Taiwan cancer drugs developer seeks Hong Kong bond issue ahead of IPO after delisting from Taipei
JHL Biotech, a Taiwan developer of cheaper alternatives to patent-protected biological drugs, has raised US$106 million from a convertible bond issue, ahead of its planned Hong Kong initial public offering (IPO) aiming to raise some US$250 million. ( read original story ...)
Hong Kong’s ethnic minority pupils still struggling with Cantonese at school – despite annual funding of HK$200 million, NGO finds
Ethnic minority children in Hong Kong are struggling to learn Cantonese because schools are not equipped to teach it as a second language, even though the government devotes HK$200 million (US$25.6 million) a year to the cause, an NGO said on Monday. ( read original story ...)
Will Xi Jinping’s promise of Chinese state support for Hong Kong scientists spur innovation, or stifle it?
In some instances, they have been forced to pay tariffs when moving lab machines and equipment outside of Hong Kong. So, a report by state news agency Xinhua earlier this month revealing that President Xi Jinping had pledged to make the city an ... ( read original story ...)
Lawmaker Eunice Yung’s brief apology to Hong Kong’s domestic workers ‘just not good enough’ says migrant leader
Pro-establishment lawmaker Eunice Yung Hoi-yan briefly apologised to Hong Kong’s domestic workers on Sunday, and was immediately criticised for not going far enough. The New People’s Party legislator said sorry after offending many of the city’s ... ( read original story ...)
Massive beach clean-up for Hong Kong sea turtles
More than two thousand volunteers hit the beach on an outlying island of Hong Kong for a mass rubbish clean up Sunday as environment campaigners warned plastic is killing sea turtles and other wildlife. There has been increasing concern over the amount of ... ( read original story ...)
Hong Kong eyes mainland tax exemption for small group of professionals, boost for biotech industry
A small group of Hong Kong professionals, such as university professors, who work on the mainland for more than 183 days per year may be exempt from paying higher mainland Chinese salaries tax under new arrangements, according to the city’s financial ... ( read original story ...)