Hong Kong shares closed lower on Monday, as investors largely shrugged off data showing profits at China's industrial firms continued to grow at a robust pace last month despite a slight cooling from a sizzling September. At close of trade, the Hang Seng ... ( read original story ...)
Cross-border pupils see less intense Hong Kong primary school competition near mainland China
Competition for a seat at Hong Kong’s primary schools located near the mainland has eased slightly this year after Shenzhen relaxed admission policies for cross-border pupils. School principals said they were receiving fewer applications from mainland ... ( read original story ...)
HONG KONG PRESS: News Headlines On Monday, November 27
An explosion killed two people and injured at least 30 others as it knocked down buildings and left streets littered with damaged cars and debris in a port city south of Shanghai, the government and news reports said. The early Sunday morning explosion ... ( read original story ...)
Hong Kong police free mainland Chinese businesswoman held by gang for HK$4 million ransom
The 54-year-old woman from Fujian province arrived in the city on Wednesday. On Friday her relatives contacted Hong Kong police to say the kidnappers had called them demanding HK$4 million for her release. After an investigation, police raided a flat in ... ( read original story ...)
Monet’s glasses sold for over $50,000 in Hong Kong
A collection of French artist Claude Monet's personal belongings, including a pair of round-rimmed wire spectacles, have fetched almost $11 million at an auction in Hong Kong, Christie's said. The dainty glasses, made from gold-coloured metal, went to an ... ( read original story ...)
Ormsby wins in Hong Kong as Cabrera-Bello suffers heartbreak again
The event's star names, Justin Rose and Sergio Garcia, ended on seven-under and five-under respectively after failing to shine on the short but challenging Hong Kong Golf Club course. Get latest news & live updates on the go on your pc with News App. ( read original story ...)
PV Sindhu’s gallant fight ends in agony in Hong Kong Open
KOWLOON: PV Sindhu's gallant fight ended in agony as she suffered a second successive loss to world no. 1 Tai Tzu Ying of Chinese Taipei at the summit clash of the $400,000 Hong Kong Super Series ... Get latest news & live updates on the go on your pc ... ( read original story ...)
Hong Kong’s House Prices Could Soar Another 10% Next Year
In a sign that mortgage wars between banks are raging even amid the prospect of rising interest rates, HSBC Holdings Plc is offering to match low rates from rival lenders. Hong Kong’s largest mortgage lender is offering some clients a rate of Hibor plus ... ( read original story ...)
Hong Kong property developer offers free Teslas with luxury flats
A Hong Kong property developer is offering free Teslas to those who sign up to buy their luxury flats. K&K Property has announced that it will bestow the first five bidders for their four-bedroom apartments with either HK$500,000 (£48,179) cashback or ... ( read original story ...)
Hong Kong’s Rally Isn’t Done Yet, Technically Speaking: Gadfly
The 89-year-old should be prepared to hand out the cash. Sure, Hong Kong’s benchmark gauge closed above 30,000 on only one day last week, with the market being dragged down on Thursday by the worst stock rout in mainland China since June 2016. ( read original story ...)
Is Hong Kong’s property bubble finally ready to burst? Here are two things to watch
Stein’s Law, named after Herbert Stein, chief economic adviser to disgraced US president Richard Nixon, states that “if something cannot go on forever, it will stop”. Well, the nine-year run-up in Hong Kong housing prices cannot go on forever. ( read original story ...)
Hong Kong Fintech Unicorn WeLab Eyes Next Step – An IPO
One of Hong Kong’s unicorn startups, online lending startup WeLab, fresh from raising $220 million in funding last month, is considering its next mega move. Plans are afoot to go to the next stage of growth with preliminary steps for a public listing in ... ( read original story ...)
Ormsby wins, Cabrera Bello runner-up again in Hong Kong
HONG KONG (AP) — Australia's Wade Ormsby won the 2017 Hong Kong Open in dramatic fashion for his first European Tour win on Sunday. Ormsby was 12 under and two shots ahead heading into the last, but bogeyed the final hole to head into the clubhouse at 11 ... ( read original story ...)
Hong Kong tribunal fines HSBC’s private banking unit $51m
A Hong Kong legal tribunal yesterday imposed a fine worth HK$400m (about $51m) on the private banking unit of HSBC, related to the sale of Lehman Brothers-linked structured financial products between 2003 and 2008. Two years ago, Hong Kong’s Securities ... ( read original story ...)