Would you live in a flat in Hong Kong with panoramic sea views, but have your home built on an 80-metre high podium above one of the world’s busiest container terminals? Hong Kong residents will be asked in a public consultation next March if they would ... ( read original story ...)
Beijing could take action if Hong Kong fails to enact national security law, mainland adviser warns
A Beijing adviser on Hong Kong affairs warned on Friday that the central government could “take action” to safeguard national security if Hong Kong failed to enact the relevant local legislation. Lau Siu-kai, vice-chairman of the Chinese Association of ... ( read original story ...)
Modest rise projected for Hong Kong salaries in 2018, amid stronger-than-expected GDP growth
A stable economy in 2017 coupled with small improvements to the business landscape in Hong Kong has translated to optimism when it comes to salary increases in the market. The workforce will see a modest growth of 4.1% in their salaries in 2018 ... ( read original story ...)
Adidas to shift IT operations from Hong Kong to Shanghai
German sportswear giant Adidas is planning to relocate its information technology operations from Hong Kong to Shanghai as part of a strategy to bolster its business on the mainland. A senior executive with the company, familiar with the plan, said Stefan ... ( read original story ...)
Mandatory Provident Fund fee cuts at HSBC to spark reductions in city and increase savings
HSBC, the largest bank in Hong Kong, will cut the management fees charged for its Mandatory Provident Fund schemes from December 1, with the fees for some constituent funds set to fall by 27 per cent. The reduction is the largest ever in terms of assets ... ( read original story ...)
Why colonial Hong Kong didn’t appeal to literary big hitters
chief manager of the Hongkong and Shanghai Banking Corporation for most of the period between 1876 and 1902. Nineteenth-century Far Eastern finance aside, Jackson and his ilk inadvertently played an important role in shaping 20th-century literary history ... ( read original story ...)
Hong Kong: Quest for real soul
Dumplings, wontons and dim sums are what make Hong Kong a foodie’s delight. The smell of meat soup wafting through Hong Kong’s old streets sends both bag-packers and pin-striped Wall Street bankers, starving. On Peak Road in Wanchai, egg tarts from the ... ( read original story ...)
Hong Kong’s property cartel is pushing wealth inequality to the brink
When a Hong Kong government cabinet secretary mocks my ideas on how to reduce poverty and improve equality on a television show it is worth examining whose version of economic reality we are living in. I recently participated in a Channel News Asia panel ... ( read original story ...)
Meet six Hong Kong bankers shaking up Asia’s hottest sector
Jan Metzger, global co-head technology investment banking, Citi Metzger was promoted into his Hong Kong-based global role in January this year in a management shake-up of Citi’s investment bank. He joined Citi in November 2015 to run its TMT corporate ... ( read original story ...)
Who are the winners in mainland-Hong Kong stock connect trading?
According to data from Hong Kong Exchanges and Clearing (HKEX), HSBC and liquor maker Kweichow Moutai have been the most heavily traded stocks, while banking, consumer and “new economy” have been the dominant sectors. The stock connect between Shanghai ... ( read original story ...)
Hong Kong seeks mobile wallet capabilities in China
You are currently accessing Central Banking via your Enterprise account. If you already have an account please use the link below to sign in. If you have any problems with your access or would like to request an individual access account please contact our ... ( read original story ...)
Bank of China maps out plan for future in HK
Interview with Lin Jingzhen, deputy chief executive, Bank of China (Hong Kong) Q: How can Hong Kong play the role of "super-connector"? A: As an international financial, trading and shipping center, Hong Kong enjoys the unique advantages of its ... ( read original story ...)
Phishing e-mail related to The Hongkong and Shanghai Banking Corporation Limited
The following is issued on behalf of the Hong Kong Monetary Authority: The Hong Kong Monetary Authority (HKMA) wishes to alert members of the public to a press release issued by The Hongkong and Shanghai Banking Corporation Limited on phishing e-mail ... ( read original story ...)
Another senior Asian banking professional has quit for tech
Asia’s banking brain drain continues as a tech firm poaches a leading financial professional. https://news.efinancialcareers.com/hk-en/299072/hong-kong-bankers-alibaba/ It’s happened again: another senior banking professional has quit the finance ... ( read original story ...)