according to property agency Ricacorp. The financial hub has one of the least affordable housing markets in the world, with flat prices doubling between 2010 and 2017. A small flat under 40 square meters (431 square feet) on Hong Kong Island costs an ... ( read original story ...)
If asked to hand over a Chinese fugitive, Hong Kong should consult Beijing, former security minister Regina Ip says
Hong Kong should consult the central government if asked to hand over a Chinese fugitive to another country, the city’s former security minister said on Thursday, in a debate over its refusal to turn over a hacker to US authorities last year. ( read original story ...)
HONG KONG | China factory activity rises to 8-month high in upbeat sign
HONG KONG — Chinese factory activity grew at its fastest rate in eight months on stronger demand, a survey showed Thursday, in a positive sign for the world’s No. 2 economy despite trade tensions with the U.S. The official purchasing managers’ index ... ( read original story ...)
Hong Kong tech start-up chief’s main goal is to help sick and elderly with robotic devices
Wearing a robotic suit does not immediately turn you into a superhero. But with such a sci-fi-looking outfit, sick and elderly people may be able to move and lift heavy objects more easily. Denis Huen Yin-fan, founder and chief executive of MedEXO Robotics ... ( read original story ...)
In Hong Kong, gay people prescribed prayers and no sex as a ‘cure’
HONG KONG (Thomson Reuters Foundation ... Please credit the Thomson Reuters Foundation, the charitable arm of Thomson Reuters, that covers humanitarian news, women's rights, trafficking, property rights, climate change and resilience. ( read original story ...)
US business leaders bullish about Hong Kong’s future despite concerns over erosion of city’s freedoms under Chinese rule
Most US companies in Hong Kong believe there has been an erosion of the city’s “one country, two systems” form of government, a survey by one of the city’s largest business chambers revealed on Wednesday. However, while there was also a feeling ... ( read original story ...)
Pictures taken in Hong Kong courtroom found on phone seized from mainland Chinese woman accused of flouting photography rule
Three photos showing counsel and respondents in a legal case were found on the mobile phone seized from a mainland Chinese woman accused of courtroom photography, though she told a Hong Kong judge on Wednesday that Jesus believed she did not take them. ( read original story ...)
Woman living in Hong Kong public housing loses HK$26.4 million in love scam as online fraudsters strike again
A 56-year-old woman living in public housing has become the biggest victim of online love scams in Hong Kong, losing HK$26.4 million (US$3.3 million) in just 18 months. The victim, who is a supervisor in the accounts department of a local trading company ... ( read original story ...)
US online lending model is unproven, Eisman of The Big Short fame says in Hong Kong
He was speaking on the sidelines of the CFA Institute’s annual conference in Hong Kong on Monday. Market volatility has not quelled the appetite for risk, with subprime mortgages back in demand The one pocket of financial market anomaly in the US was ... ( read original story ...)
Airline under China’s HNA Group is raising funds ahead of a planned IPO
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 ...)