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 ...)
Hong Kong leader Carrie Lam defends MTR chief Frederick Ma after his comments on train derailment draw fire
Hong Kong’s leader defended her former peer Frederick Ma Si-hang on Tuesday, saying the MTR Corporation chairman had not meant his controversial remarks about not giving the media more details on a derailment during tests for the new express rail link to ... ( read original story ...)
Hong Kong bus companies paying new drivers 15 per cent less than in 1998 ‘because market lets us’ says Citybus chief Samuel Cheng
Hong Kong’s bus drivers are being paid between 10 and 15 per cent less than they were 20 years ago, the city’s bus companies admitted on Tuesday. A city economist said that in real terms that actually equated to a 28 per cent cut in salary, a poor ... ( read original story ...)
Alibaba Sells Medical Assets to Hong Kong Arm for $1.4 Billion
(Bloomberg) -- Alibaba (NYSE:BABA) Group Holding Ltd. is selling assets from medical devices to drugs for HK$10.6 billion ($1.4 billion) to a Hong Kong-listed unit that it’ll take control of and turn into its main healthcare arm. Alibaba unveiled a deal ... ( read original story ...)
Exclusive – HNA’s Hong Kong Airlines taps investors ahead of IPO: document
(Reuters) - Chinese conglomerate HNA Group’s Hong Kong Airlines is considering an initial public offering in the “short to medium term” and tapping investors to raise funds through the issue of new shares and convertible bonds, a document reviewed by ... ( read original story ...)
BOC and Sa Sa to launch credit card
BOC Credit Card and Sa Sa International Holdings (0178 ... Meanwhile, Sa Sa plans to open another five to seven stores in Hong Kong, but is not looking at buying any premises at the moment, according to chief executive Simon Kwok Siu-ming. ( read original story ...)
Hongkong Land Officially Opens WF CENTRAL in Beijing
BEIJING, May 30, 2018 /PRNewswire/ -- Hongkong Land today officially opened WF CENTRAL, its US$1.2 billion first flagship retail-led project in Beijing. It will play a crucial role in the redevelopment of the historic Wangfujing area of Beijing into a pre ... ( read original story ...)
Property Millionaires Fuel One of Hong Kong’s Oldest Brokerages
One of Hong Kong’s oldest brokerages is boosting its wealth management operations in the city, where millionaires are being minted by a property boom. Everbright Sun Hung Kai Co., a unit of China’s Everbright Securities Co., plans to add 100 ... ( read original story ...)
Hong Kong police arrest seven and seize about HK$20 million worth of cash and drugs in organised crime crackdown
Hong Kong police have seized about HK$20 million (US$2.5 million) worth of cash and drugs in seven arrests over the past three days as part of the wider Thunderbolt 18 operation against organised crime. On Monday night, police arrested three suspected drug ... ( read original story ...)
Mainland Chinese woman accused of taking photos in Hong Kong courtroom remanded in custody after failing to post bail
A mainland Chinese woman accused of taking photos in a Hong Kong court was on Tuesday remanded in police custody, after she failed to post cash bail of HK$50,000 (US$6,400) as ordered by a judge. Tang Lin-ling was told last Friday by Mr Justice Andrew Chan ... ( read original story ...)
Opening remarks by S for IT at STARTIT.Asia Hong Kong 2nd Edition Startup & Ecosystem Mixer (English only)
Following are the opening remarks by the Secretary for Innovation and Technology, Mr Nicholas W Yang, at the STARTIT.Asia Hong Kong 2nd Edition Startup & Ecosystem Mixer today (May 29): Consul General (Consul General of Italy in Hong Kong and Macao, Mr ... ( read original story ...)
Swiss watch exports rise in April as Hong Kong booms
ZURICH (Reuters) - Swiss watch exports rose 13.8 percent in April to 1.76 billion Swiss francs ($1.77 billion), powered by a boom in the crucial Hong Kong market, trade data showed on Tuesday. The news is a boon for Swiss watchmakers such as Swatch Group ... ( read original story ...)
Hong Kong Audit Reform Falls Short
The Financial Reporting Council (Amendment) Bill of 2018 is working its way through the legislative process in Hong Kong. Unfortunately, the proposal falls far short of what is needed. I fear that the legislators have fallen into the trap of finding ... ( read original story ...)
China $10 Trillion Shadow Bank Crackdown Has Long Way to Go
"We’ve had a good beginning to a long journey," said Larry Hu, a Hong Kong-based economist at Macquarie Securities Ltd. "Some components of shadow banking are shrinking and interbank leverage has started to drop. But we are far from the stage where we ... ( read original story ...)