Hong Kong Airlines, a unit under China's HNA Group, is raising funds ahead of a planned initial public offering, according to a document reviewed by Reuters. The airline tried to go public a few years ago, but eventually abandoning those plans in 2015 ... ( read original story ...)
HSBC International Trustee hits back at claims of favouritism in Great Eagle Holdings dispute
Lawyers for a division of Hong Kong’s largest bank hit back on Wednesday at accusations ... Barrister Paul Girolami QC, for HSBC International Trustee, made his rebuttal a day after lawyers for the widow of late tycoon Lo Ying-shek, a co-founder of ... ( read original story ...)
Hong Kong’s most prestigious business accolades raise qualification bar for nominees
The DHL/SCMP Hong Kong Business Awards, which have been honouring outstanding achievements in the city’s business and corporate sectors for almost three decades, have made significant amendments to their performance indicators and award categories, as ... ( read original story ...)
China leaned on Hong Kong not to hand fugitive to U.S., State Department says
HONG KONG (Reuters) - The U.S. State Department said Hong Kong’s leader, Carrie Lam, rejected a request last year to surrender a fugitive into the custody of the United States, at China’s behest. In an annual report on the Asian financial hub this week ... ( read original story ...)
Sun Hung Kai sells out at Mount Regency as new buyers snap up new homes before mortgages rise
Hong Kong’s residential market maintained its pace, as millennial buyers rushed to get their hands on the latest available sales launches over the weekend before higher mortgage rates kick in later in the year. Sun Hung Kai Properties had sold 36 of the ... ( read original story ...)
The Hong Kong Housing ‘Bubble’ And The Foreign Exchange Rate
As of 2016, there are a total of 2,707,000 residential units in Hong Kong compared with 2,497,000 households and the illusion of a supply shortage is due to the HKMA’s mortgage tightening. The property owners who want to sell their units would prefer to ... ( read original story ...)
Virtual banks close to reality as Hong Kong issues guidelines with 50 companies showing interest
More than 50 companies from across the world have expressed interest in applying for virtual bank licences, with Hong Kong Monetary Authority setting August 31 as the deadline for receiving applications for the first batch of purely online banks. ( read original story ...)
HK a surging fintech hub
In June 2017 Hong Kong's central bank and banking regulator, the Hong Kong Monetary Authority, and the Office of Financial Development Service of the Shenzhen Government agreed to strengthen co-operation in fintech between Hong Kong and Shenzhen. ( read original story ...)
Second-hottest day ever for month of May in Hong Kong as mercury hits 38.6 degrees in countryside
Hong Kong experienced one of its hottest days ever in May, with bright sunshine and the sweltering heat on Tuesday sending the mercury up to 38.6 degrees Celsius in some parts of the countryside. The maximum temperature recorded at the Observatory in Tsim ... ( read original story ...)
In a first, Hong Kong refused US extradition bid following Beijing request, State Department report says
Hong Kong’s leader refused to hand over a fugitive to the US following a request by mainland authorities in the first such case since the city’s handover from Britain to China, American officials have revealed. The US Department of State stated in an ... ( read original story ...)
Automated bathing device helps elderly shower safely and earns inventor Spirit of Hong Kong award nomination
Now a team of bathroom automation specialists in Hong Kong is looking to address the problem. Samuel Hui Sing-kwong and his team have developed a device that can automate the entire process, which comprises rinsing, temperature control and soaping. ( read original story ...)
$1.7 Billion Bet Shows Hong Kong Developers’ on Hunt for Land in China
A bidding frenzy followed by a record price for a piece of commercial land in China is another sign that Hong Kong developers are pushing into the mainland. “There is not much room for further expansion in commercial real estate in Hong Kong,” said ... ( read original story ...)
Finance gurus failing to win well-heeled’s wealth
Hong Kong's rising affluent have a strong distrust of financial advisors compared to their counterparts in the United States when making investment decisions, a survey by brokerage Charles Schwab has found.The survey polled Hong Kong investors who had an ... ( read original story ...)
Only a Few Got It Right at Sohn 2017 in Hong Kong. Here’s Who
Flowering Tree Investment Management’s Rajesh Sachdeva, SC Lowy Financial (HK)’s Michel Lowy and Oasis ... Carson Block and hedge fund manager Dan David backfired as the Hong Kong stocks they targeted rallied. As some of the region’s top managers ... ( read original story ...)