Hong Kong’s rail operator on Friday admitted it had found five occasions where a subcontractor had cut corners on construction for a key section of the city’s most expensive railway project, but failed to report its findings to police as it was “not ... ( read original story ...)
Why Xiaomi may find it useful to launch CDRs ahead of HK IPO
Chinese smartphone maker Xiaomi Corp submitted its IPO application in Hong Kong in early May. It was widely expected that the company will list in late June at the earliest and become the first Hong Kong-listed company with dual-share class structure. ( read original story ...)
Hong Kong court overturns landmark LGBT spousal benefits ruling
HONG KONG (Reuters) - A Hong Kong court ruled on Friday that the husband of a male civil servant was not entitled to spousal benefits, overturning a landmark lower court ruling in a setback for the city's LGBT community. Marriage is legally defined as a ... ( read original story ...)
Hong Kong is pricey for homes but cheap for ‘millennial goods’
Prices of secondary-market homes in Hong Kong rose in April, marking the 25th consecutive month of increases for one of the most unaffordable residential property markets in the world, the South China Morning Post reported. Many Hong Kong property seekers ... ( read original story ...)
Bank of China (Hong Kong) prices first sustainability bonds
Bank of China (BoC) arranged another innovative transaction in the market with the Hong Kong branch pricing on 31 May 2018 the first ever sustainability bond by a Chinese issuer amounting to HK$3 billion (US$384.60 million). At the same time, the BoC ... ( read original story ...)
Hong Kong insurance regulator set to name former industry commissioner Clement Cheung as CEO
When US insurer AIG fell into trouble at the peak of the financial crisis in 2008, Cheung took measures to limit any impact on Hong Kong’s almost 2 million policyholders, including banning the local unit, AIA, from shifting any money to the US parent ... ( read original story ...)
HONG KONG | Bag maker Samsonite’s CEO resigns after short-seller report
HONG KONG — Luggage maker Samsonite said Friday its CEO has stepped down following a report by a short-seller questioning his credentials and the company’s accounting. Ramesh Tainwala resigned for personal reasons, which Samsonite’s board decided ... ( read original story ...)
Tide & Time: Blancpain makes waves in eco-friendly haute horology
For Blancpain, 2018 marks the special anniversary of not one but two momentous occasions in the Swiss watchmaker’s history: the 65th anniversary of the iconic Fifty Fathoms model, and the 15th anniversary of the Blancpain Ocean Commitment (BOC ... ( read original story ...)
Hong Kong gets a new children’s commission
Billy Wong Wai-yuk, executive secretary of the Hong Kong Committee on Children’s Rights, said she had mixed feelings about the news. “I’ve been waiting [for today] for some 20 years. It finally came and we’re happy, but it is not the commission ... ( read original story ...)
Hong Kong Bourse May Open Under Pressure
BOC Hong Kong added 0.77 percent, WH Group skidded 0.74 percent, Ping An Insurance gained 0.65 percent, China Mobile shed 0.21 percent and Hong Kong & China Gas was up 0.12 percent. The lead from Wall Street is weak as stocks moved mostly lower on Thursday ... ( read original story ...)
‘Plugging’ HK tech startups into the world
New economy companies in top gear as city goes all out in innovation push Times have never been better for Hong Kong's technology enterprises, particularly startups, with the central government's full blessings and the SAR putting money where its mouth is ... ( read original story ...)
Hong Kong trade delegation highlights opportunities for Irish firms
Hong Kong’s most senior financial official was in Dublin on Thursday to cement trading ties between the two jurisdictions and showcase the opportunities for Irish firms in Asia’s financial hub. Hong Kong’s financial secretary Paul Chan Mo-po met with ... ( read original story ...)
Outspoken Hong Kong legal academic Eric Cheung wins seat as city’s solicitors vote for governing council
An outspoken legal scholar won the last seat up for grabs on the governing council of the group representing Hong Kong solicitors on Thursday, scraping in with fewer votes than expected. Eric Cheung Tat-ming, a principal lecturer at the University of Hong ... ( read original story ...)
Hong Kong leader Carrie Lam: I never handed over a fugitive to mainland China against US wishes
Hong Kong’s leader has categorically denied ever surrendering any fugitive to mainland China, strongly objecting to the United States government’s allegation that she did so on Beijing’s orders last year. Chief Executive Carrie Lam Cheng Yuet-ngor ... ( read original story ...)