Half a million Hong Kong workers, and their bosses, will be forced to contribute more money to staff pension funds under proposed new rules, triggering an outcry from business leaders. The increase co... ( read original story ...)
Hong Kong: HANG SENG INDEX (.HSI) Shares Down Slightly
Hong Kong shares fell slightly on Wednesday, with risk appetite curbed by renewed yuan weakness. The Hang Seng index fell 0.2 percent, to 28,117.42, while the China Enterprises Index lost 0.1 percent, ... ( read original story ...)
Hong Kong’s SFC fines HSBC arm US$1.2 million for misconduct in bond sales
Hong Kong’s Securities and Futures Commission has fined HSBC Broking Securities (Asia) HK$9.6 million (US$1.22 million) for misconduct in the firm’s sale of bonds in 2015 and 2016. The securities arm ... ( read original story ...)
Silicon Valley taught me this secret about great business ideas, says Hong Kong entrepreneur
Ideas are a dime a dozen, or so they say; it's all in the execution. However, there's a big difference between an idea that's capable of going the distance and one that, try as you might, is destined ... ( read original story ...)
One of the world’s major financial centers is about to shake up its banking sector
Hong Kong , long a global leader in banking and finance, is bracing for the arrival of so-called virtual banks — financial institutions without physical branches where all transactions are online. Aut... ( read original story ...)
Hong Kong’s first money market ETF draws investors with expected 1.5 per cent return, low risk
Hong Kong’s first money market exchange traded fund (ETF) has drawn HK$1 billion (US$127.4 million) in investment from institutional investors, and its fund manager CSOP Asset Management expects addit... ( read original story ...)
Why Hong Kong’s property bubble won’t burst anytime soon
If you think Hong Kong’s insane property market will magically find sanity one day, don’t hold your breath. You will only suffocate. Forget that dream about owning a flat anytime soon. It will remain ... ( read original story ...)
Elon Musk-inspired entrepreneur sees science, technology driving Hong Kong’s start-up culture
When Mah Shao-qian was named one of the winners of the South China Morning Post’s Student of the Year Awards in March this year, he said science and technology could help provide a way for Hong Kong t... ( read original story ...)
UBS banker appeals HK regulatory action over China Forestry IPO: source
HONG KONG (Reuters) - A senior banker at UBS Group AG (UBSG.S) is appealing against Hong Kong regulatory sanctions for his role in the 2009 initial public offering (IPO) of timber company China Forest... ( read original story ...)
DBS Hong Kong kicks off “Live more, bank less” rebrand in HK with free ferry rides
DBS Hong Kong’s rebrand campaign “Live more, Bank less” has kicked off to showcase simple banking and promote the brand with a series of activities including free ferry rides in August. The campaign a... ( read original story ...)
China threatens to ban Hong Kong’s independence-minded party
"Hong Kong has freedom of association, but that right is not without restriction," Lee said at a news conference. Most people in the city of 7.3 million do not support independence. Beijing has repeat... ( read original story ...)
Hong Kong: HANG SENG INDEX (.HSI) disruptions in global trade would pose risks
positives, but a sharp China growth slowdown would be a challenge. Hong Kong’s Hang Seng index lost 357.98 points or 1.25 percent to close at 28,181.68. Overall, the bias in prices is: Downwards. Note ... ( read original story ...)
STX’s Hong Kong IPO Could Come as Soon as August, Says Major Investor
A successful offering in Hong Kong would make STX the first U.S. entertainment company to be listed in the Asian financial center. STX Entertainment's long-planned Hong Kong IPO could come as soon as ... ( read original story ...)
Didi seeks $1.5 billion car services spinoff ahead of likely IPO: sources
HONG KONG (Reuters) - Chinese ride-hailing giant Didi Chuxing Technology Co Ltd is looking to spin off its car services unit in a deal worth up to $1.5 billion, ahead of its expected initial public of... ( read original story ...)