NEW YORK — A former Hong Kong government official has been denied bail in a U.S. case accusing of him using bribes to secure business deals. Dr. Chi Ping Patrick Ho had been jailed last week after being charged with paying bribes on behalf of a Chinese ... ( read original story ...)
Is Hong Kong’s IPO fever over after Nissin and Shandong Int’l fail to excite?
The Hong Kong initial public offerings of Nissin Foods and Shandong International Trust (SIT) this week have received less investor enthusiasm than previous tech and internet share offerings, raising fears that the recent IPO fever has peaked. Nissin Foods ... ( read original story ...)
Hong Kong finance boss was ‘smiling’ after alleged murder of his mistress, court told
A Hong Kong finance company director on trial for killing his mistress was seen smiling on security footage as he made arrangements to clear out her flat, according to prosecutors who argued on Friday there was overwhelming evidence pointing to murder. ( read original story ...)
Anthony Bourdain praises Hong Kong auteurs Wong Kar-wai and Christopher Doyle
Two of Hong Kong’s most critically acclaimed auteurs are big draws for Anthony Bourdain, the individual best known for bringing culture and philosophy into our heightened awareness of exotic cuisine. “I’m a fetishist for good cinematography and films ... ( read original story ...)
Two Hong Kong startups win top fintech awards
SenseTime, a Hong Kong-based startup, aims to apply its facial and image recognition technology across different sectors such as personal finance and surveillance. 'Our technology can ensure that fintech is safe and comfortable for users and businesses to ... ( read original story ...)
RICS Business Valuation Conference examines shifting landscape of business valuation and corporate regulations in Hong Kong
HONG KONG, CHINA–(Marketwired – Dec 1, 2017) – RICS (Royal Institution of Chartered Surveyors) hosted more than 200 institutional investors, corporate executives and business valuers to examine the challenges and opportunities around business ... ( read original story ...)
Hong Kong’s Hang Seng index posts biggest weekly loss of the year
Dec 1 (Reuters) - Hong Kong stocks fell on Friday, with the benchmark Hang Seng Index posting its biggest weekly loss ... Co of China Ltd which was down 1.75 percent, China Merchants Bank Co Ltd which fell 1.5 percent and Anhui Conch Cement Co Ltd down ... ( read original story ...)
Hong Kong’s MTR Corporation turning blind eye to bullying in workplace, union says
Hong Kong’s railway operator was on Thursday accused by a union of turning a blind eye to bullying of junior staff, after a poll revealed four in every five employees felt they had been unreasonably treated by supervisors. Examples of mistreatment cited ... ( read original story ...)
Malaysian tour group arrested at Hong Kong airport with HK$4 million worth of ketamine
Six members of a sightseeing group from Malaysia have been arrested by customs officers at Hong Kong International Airport for attempting to carry nearly HK$4 million worth of ketamine into the city – the first such arrests in a decade. The Post ... ( read original story ...)
Tearful finance boss tells Hong Kong murder trial he did not intend to harm or kill mistress
A Hong Kong finance company director who admitted killing his mistress six years ago tearfully told a court on Thursday he never meant to harm or kill anyone. But Ivan Chan Man-sum, who is on trial for murder, admitted to telling a number of lies when he ... ( read original story ...)
Bank of China HK rallies, Hang Seng drops at close
Stocks in Hong Kong closed lower today. The Hang Seng index dropped by 57.02 points or 0.19 percent at 29,623.83. Shares in op BOC Hong Kong Holdings (2388) rallied by 4.44 percent to HK$38.90. In China, the Shanghai Composite index edged up by 0.13 ... ( read original story ...)
Hong Kong shares fall sharply as tech shares plunge
Nov 30 (Reuters) - Hong Kong shares ended Thursday lower ... was 1.49 percent lower and property sector dipped 0.12 percent. ** The top gainer on Hang Seng was Bank of East Asia Ltd , up 1.79 percent, while the biggest loser was AAC Technologies Holdings ... ( read original story ...)
Hong Kong stocks close below 30,000 as Shanghai shares fall most in a year
The Hang Seng Index ended down 1 per cent ... China Construction Bank down 1.6 per cent to HK$6.9, and China Merchants Bank off 4.1 per cent to HK$31.95. Still, some Hong Kong property developers gained. Sun Hung Kai Properties added 1.3 per cent to ... ( read original story ...)
China’s new-economy sector to push Hang Seng Index to 32,000 next year, says Goldman
The rise of China’s “new-economy” stocks will help push Hong Kong’s benchmark Hang Seng Index to a historic high of 32,000 ... said Kinger Lau, the investment bank’s chief China strategist, who sees the MSCI China index climbing to 100 in the ... ( read original story ...)