You don’t have to be a genius of late to make a killing in newly minted Hong Kong stocks. Just close your eyes and buy. "I don’t care about fundamentals,” said Hei Chiu, a 34-year-old merchandiser and individual investor who says he only purchases ... ( read original story ...)
KPMG hit by Hong Kong High Court in $400 million China Medical fraud
The China Medical case is the most high-profile and closely watched contest in years over the production of Chinese audit work papers, an issue that has put Hong Kong and U.S. regulators at loggerheads with China - and at one point threatened to leave U.S ... ( read original story ...)
Fiji Aiming For Four in Row at Cathay Pacific / HSBC Hong Kong Sevens 2018
Fiji have announced they are coming for the Cathay Pacific/HSBC Hong Kong Sevens with one mission in mind – capturing a record fourth straight title at the showcase event of the HSBC World Rugby Sevens Series. With other teams keeping a watching eye on ... ( read original story ...)
How one company survived two world wars and a changing China to make roots in Hong Kong
Smith Collection, a very special archive on Hong Kong, I knew when to look around in the old newspapers, which, in those days, published announcements of all kinds of company and personal business. So I found the notice that said a company called Arnhold ... ( read original story ...)
Hong Kong youth commission starts work, as teenager becomes youngest adviser to the government
A high-level advisory body on Hong Kong’s youth development was set up on Wednesday ... Lau Ming-wai said it was “a good start” that young figures from both sides of the political divide were joining the new commission. “I believe that all ... ( read original story ...)
Singapore Says It’s Beating Hong Kong as Asian Business Hub
(Bloomberg) -- Hong Kong has become more “China-centric,” enabling Singapore to take the lead when multinational companies look to set up their Asian headquarters in the region, according to the country’s Economic Development Board. With Hong Kong ... ( read original story ...)
Bank of China, BoCom see profits rise as shadow banking crackdown drives traditional lenders’ revival
Bank of China (Hong Kong), the lender’s local arm, reported a worse than expected result of HK$28.48 billion (US$3.62 billion) for 2017, up 16 per cent from HK$24.57 billion a year earlier. This is below the estimate of a 27 per cent increase forecast by ... ( read original story ...)
Hong Kong private home prices continue record-breaking run
Hong Kong’s private home prices rose to a new all-time high in February, extending their record-breaking run to 16 straight months, the latest government data showed. The Asian financial hub, which has one of the least affordable property markets in the ... ( read original story ...)
Singapore Says It’s Beating Hong Kong to Be Asian Business Hub
Hong Kong has become more “China-centric,” enabling Singapore to take the lead when multinational companies look to set up their Asian headquarters in the region, according to the country’s Economic Development Board. With Hong Kong becoming more ... ( read original story ...)
Hong Kong’s Li Ka-shing, the billionaire buyer of Expo lands, set to retire
The retirement of Hong Kong magnate Li Ka-shing – and the succession of his son Victor Li, who holds Canadian citizenship and previously spent significant time in Vancouver – is unlikely to renew Li family business interest in B.C., a Chinese-Canadian ... ( read original story ...)
72 Hours in Hong Kong
Hong Kong Airlines has recently launched a new direct route from Vancouver to Hong Kong. Given that the flight is 14 hours, you may wish to opt for business class, which features full lie-flat beds. An amenity kit filled with L’Occitane products ... ( read original story ...)
Hong Kong’s monetary authority raises lending rate to 2 per cent to defend peg, raise mortgages
The Hong Kong Monetary Authority on Thursday morning raised the city’s base lending rate, in lockstep with a similar increase by the US Federal Reserve to defend the local currency’s peg and add upwards pressure to mortgage payments linked to interbank ... ( read original story ...)
REA Group ‘2018 H1 Hong Kong Property Market Perspective Survey’ Survey Announcement
DREAMS ON HOLD: 27% of Hong Kong people are convinced that they will not be able to afford a property in Hong Kong in their lifetime LOVE DELAYED: Marriage plans postponed due to high property prices NANO IS THE NEW NORMAL: 'Nano flats' become the new ... ( read original story ...)
There’s no better time to be a real estate agent as fees soar amid Hong Kong’s record prices
Hong Kong’s two largest property agents, Centaline and Midland, enjoyed sharp increases in commission revenue generated in the city last year, as sales of new homes and prices surged to record highs. But market commentators are warning the sector’s ... ( read original story ...)