Hong Kong’s struggling tourism industry is about to get a comprehensive development plan, aimed at creating new attractions and offering better protection for tourists, according to commerce minister Edward Yau Tang-wah. Yau gave no details of the plan, ... ( read original story ...)
U.S. Mortgage Rates Rise, Highest Levels in 6 Weeks
According to a report by real estate consultant JLL and The Business of Cities, London, New York, Paris, Singapore, Tokyo, Hong Kong and Seoul are among the seven most competitive cities in the world. According to the Mortgage Bankers Association's Weekly ... ( read original story ...)
Hong Kong’s Hang Seng Index, at 10-Year High, Still Has Room to Run
But Asia’s star performer of 2017 has only now joined the club as Hong Kong’s Hang Seng Index topped 2015 highs on Friday, revisiting levels last seen a decade ago. The index has jumped 29% so far this year, making it one of the best performers among ... ( read original story ...)
Don’t boo Chinese national anthem, Hong Kong football authority begs fans while admitting its hands tied
Hong Kong’s football authority has appealed to local fans not to boo the Chinese national anthem at a match against Malaysia next week, but admitted it expected some to do so. The appeal came after boos were heard for March of the Volunteers when the ... ( read original story ...)
Why Taiwanese corporates flock to A/H share markets for IPOs
Since June of 2016, seven Taiwanese companies have completed debut IPOs in mainland China and Hong Kong, raising a combined total of US$438.78 million. To put into perspective, this is over half the amount raised through IPOs on the Taiwan Stock Exchange ... ( read original story ...)
Money Forward Launches $500M IPO, Gets Investors Excited
Although becoming the first fintech company to launch an IPO in Tokyo, Money Forward is not the only Asian fintech startup to go public lately. Last week, a Chinese insurance platform, ZhongAn Online P&C Insurance, debuted on Hong Kong stock exchange ... ( read original story ...)
More for China than London in Russian hydro IPO
on Oct. 5 announced its intention to conduct an initial public offering on the London Stock Exchange and the Moscow Exchange. En+ owns assets in metals and energy, including a 48 percent stake in Hong Kong-listed Russian aluminium producer Rusal ... ( read original story ...)
Why Hong Kong business outlook remains gloomy despite slight September growth
Hong Kong’s private sector rebounded to record a slight growth in September, according to a key economic indicator, although businesses retained a pessimistic outlook for the year ahead. Analysts expect the city to be on track for an economic growth of 3 ... ( read original story ...)
How McKinsey and Trillian milked billions from SA Inc
McKinsey would not confirm Essa and Moodley had brokered its ... who by then had also registered a company in Hong Kong called Regiments Asia. Once again, Nyhonyha and Pillay said before being alerted by the media they had no idea that Regiments had ... ( read original story ...)
John Kerry named Chairman of Bank of America Global Advisory Council
Frederick Ma (Hong Kong), Chairman of MTR Corporation Limited ... Advisory Board Member of Rolls Royce, Akbank, Allianz SE, McKinsey & Co., Trustee of King Abdullah University of Science and Technology (KAUST) and Chairman of Asia Business Council. ( read original story ...)
Yum China Announces CEO Succession Plan
Before joining Watson, Ms. Wat spent seven years in management consulting, including with McKinsey & Company's Hong Kong office from 2000 to 2003. Forward-Looking Statements This press release contains "forward-looking statements" within the meaning of ... ( read original story ...)
Going Mobile: The Personalized, On-Demand Future of Urban Transportation
Hong Kong’s metro system is often benchmarked for scale ... Restrepo, “Urban World: Mapping the Economic Power of Cities,” March 2011, www.mckinsey.com. 4.M. Bloomberg, “Keynote Speech” (UN Economic and Social Council 2014 Integration Segment ... ( read original story ...)
Higher Open Called For Hong Kong Stock Market
gained 0.17 percent and BOC Hong Kong was unchanged. The lead from Wall Street is positive as stocks moved higher on Thursday as the major averages again hit fresh record closing highs. The Dow rose 113.75 points or 0.50 percent to 22,775.39, while the ... ( read original story ...)
Hong Kong’s CLP Seeks Acquisitions to Diversify, Expand in India
Hong Kong’s largest power utility CLP Holdings Ltd. is scouting ... The company is also planning to enter the electricity transmission business. Last month, it bid for a 200 kilometer (124 mile) power-transmission project connecting the northern and ... ( read original story ...)