The first of three anti-riot vehicles armed with water cannons arrived in Hong Kong on Tuesday morning as exclusive pictures taken by the Post revealed the shipment from France at Kwai Tsing Container Terminals. The Mercedes-Benz vehicle, designed for ... ( read original story ...)
As bitcoin world wobbles, mining rig company plans $2 billion IPO
But the effects of bitcoin’s volatility and rising mining costs can be seen in the shops of Sham Shui Po, just a few kilometres from Hong Kong’s central business district, where the IPO has been filed. Businesses selling mining rigs there said demand ... ( read original story ...)
Stop Hong Kong’s shipping industry exodus to Singapore by spending reserves on loans and cutting profits tax, advisers say
Hong Kong should cut profits tax by half and provide loans for vessel owners and supporting professionals to lure shipping business back from regional rival Singapore, a task force set up by the government says. In a 34-page report released on Monday ... ( read original story ...)
Hong Kong’s tech ambitions given major boost with AI lab funding
It will collaborate with the Hong Kong Science and Technology Parks Corporation (HKSTP) to roll out a six-month accelerator programme starting September to nurture AI start-ups in the city. “SenseTime had the opportunity, the environment and the talent ... ( read original story ...)
Sydney-Hong Kong business class: Cathay Pacific vs Qantas vs Virgin
Receive 75,000 bonus Qantas Points when you spend $2,500 on eligible purchases In the first 3 months. Save $425 with no annual fee for the first year. Eligibility criteria, T&Cs, fees and charges apply. Click here now. If you’re among the million-plus ... ( read original story ...)
Case Study: PRADA’s Hong Kong IPO
Having already seen four previous attempts at an IPO thwarted by the post 9/11 market gloom and the 2008 global financial crisis, PRADA, the Italian family-owned luxury goods and fashion powerhouse and its leaders were acutely aware that floating company ... ( read original story ...)
Fintech startup Neat to seek ‘Virtual Bank’ license in HK
Hong Kong’s financial sector had long been dominated by traditional institutions, but in recent years the city has seen a rising number of fintech startups trying to push their way into the market on the back of innovation and technology development. ( read original story ...)
Sichuan spicy hotpot chain Haidilao prepares for Hong Kong IPO
Haidilao International Holding, considered China’s most popular Sichuan-style hotpot restaurant chain, has filed to launch an initial public offering (IPO) in Hong Kong. Founded in 1994 by its current chairman Zhang Yong – a former welder and tractor ... ( read original story ...)
Hong Kong can take advantage of national funding for innovation and technology, city’s financial secretary says
Hong Kong’s financial secretary has urged local developers to “seize the advantage” of strong Beijing support to advance in innovation and technology, after President Xi Jinping directed state agencies to give the city’s scientists greater access ... ( read original story ...)
Hong Kong’s millennials join red-hot property party, snap up 50pc of units launched over weekend
Hong Kong’s millennials, fearing that they will soon be unable to afford property in one of the world’s most expensive cities, have joined the real estate rush. Buyers snapped up about 250 units in four projects with prices ranging from HK$19,975 to HK ... ( read original story ...)
Top Philippine diplomat in Hong Kong Antonio Morales backs calls to raise minimum wage of city’s domestic helpers
While Hong Kong has opened its doors to domestic helpers from the Philippines, Indonesia and other countries for many years, it was only about two years ago that some mainland Chinese cities followed suit. Gulf News reported that Filipino teachers would ... ( read original story ...)
Beijing police ‘edited’ video to mislead public over Hong Kong reporter’s arrest, journalist association says
The Hong Kong Journalists Association slammed mainland Chinese authorities ... The incident came four days after i-Cable News journalist Chan Ho-fai was kicked and beaten by two men in China’s southwestern Sichuan province while reporting on the 10th ... ( read original story ...)
Hong Kong to reach decision by November on lifting Japanese food import ban over Fukushima disaster
On Saturday Japanese news agency Kyodo reported that Lam told visiting members of the Japan-Hong Kong Parliamentarian League earlier this month that she was exploring measures to scrap food import restrictions. It also stated that Lam hoped to make the ... ( read original story ...)
Don’t be demoralised by Occupy failure – change gonna come, acclaimed Korean news anchor tells Hong Kong
Hongkongers should not be demoralised by the failure of the 2014 “umbrella movement” but continue to fight for democracy, according to one of South Korea’s most acclaimed news anchors whose investigative reporting led to the downfall of the country ... ( read original story ...)