Hong Kong stocks continued to rebound, enjoying bigger gains on the last full trading day before Lunar New Year. Mainland markets also moved higher. The benchmark Hang Seng Index gained 2.27 per cent, or 676.07 points, to 30,515.6 on Wednesday. ( read original story ...)
Beware risks of buying property overseas, Consumer Council warns Hongkongers
A Hong Kong buyer shelled out close to HK$400,000 for a down payment on a property in the UK but last July, two months before it was due to be completed, the site lay empty and deserted. In September, the buyer learned that the developer, sunken by debt ... ( read original story ...)
Top 10 Fintech Accelerators In Southeast Asia And Hong Kong for 2018
SuperCharger does not take any equity and the program gives selected startups access to partner institutions and firms, as well as regulators and legal experts. SuperCharger started in Hong Kong where it sought to leverage on Hong Kong’s traditional ... ( read original story ...)
Pininfarina Joins Hand with Chinese Startup Hybrid Kinetic Group
The legendary Italian design house Pininfarina is famed for producing some of the most stunning and evocative car designs in the world, and now it's working with a Chinese startup business based in Hong Kong called Hybrid Kinetic Group (HKG). The idea is ... ( read original story ...)
Direct flights between Hong Kong, Dublin could be ‘game changer’
The Consul General of Ireland in Hong Kong Peter Ryan said new routes by Cathay Pacific announced in August last year would open up significant regions in China to Ireland for tourism and business. Speaking at a briefing organised by a think tank on Asia ... ( read original story ...)
Hong Kong lawyers say court affirms ‘political screening’ in elections
HONG KONG (Reuters) - A group of Hong Kong lawyers expressed concern on Wednesday over a court decision allowing low-ranking government officials to vet election candidates in the Chinese-ruled city which they said amounted to “political screening”. ( read original story ...)
Brands in Hong Kong expand again as retail sales recover
“The outlook for the jeweler sector in Hong Kong this year is positive against the backdrop of a recovering economy in mainland China ... and the booming stock and property markets that create a positive wealth effect,” the company said in a statement ... ( read original story ...)
Despite more women entering the Hong Kong workforce, few make it to senior management positions
Women in Hong Kong still have a long way to go before they achieve gender equality in the workplace, despite improvements in the percentage of female workers in high positions over the past year. Just 29 per cent of management positions in Hong Kong are ... ( read original story ...)
Hong Kong’s biggest craft brewery Gweilo Beer to start production at the end of this month
The transformation of Hong Kong craft beer company Gweilo Beer, from humble beginnings operating in a spare bedroom to a purpose-built, 1,300-square-metre (14,000-square-foot), US$5 million brewery is almost in the can. Brewing trials began on February 8 ... ( read original story ...)
Demand for IPO legal insurance set to rise in Hong Kong after bourse adopts new listing rules
Demand for insurance covering any possible legal fallout from initial public share offerings in Hong Kong is expected to rise in coming years as a result of listing reform that is expected to attract more companies to the city, according to a leading ... ( read original story ...)
Hong Kong banks offer savers better interest rates but only on yuan deposits
HSBC’s interest rate change follows similar moves by rivals. On January 31, Bank of China (Hong Kong) raised its rate up to 4 per cent for normal savers. “Banks are offering savers higher rates because offshore yuan liquidity in Hong Kong, and also ... ( read original story ...)
Hong Kong’s digital financiers make a scene
From giant cats to tumbling skyscrapers, the commercials are slick and surreal, but the gloss masks the fact that the offerings are closer to payday loans than structured finance, which remains largely the preserve of Hong Kong’s many banks. Over the ... ( read original story ...)
Investing in HK talent
A recent McKinsey Global Institute study ... the Education Bureau is providing scholarships for local students admitted to Hong Kong-funded research postgraduate programmes. And I can tell you, there is a great deal more funding on the way for I&T ... ( read original story ...)
Hong Kong stocks bounce back, led higher by financials, Tencent
Technology and financial shares powered a rebound in Hong Kong stocks on Tuesday, spurred on by a recovery in US markets despite thin trading volume ahead of the upcoming Lunar New Year holiday. The benchmark Hang Seng Index climbed 379.9 points, or 1.29 ... ( read original story ...)