It is also under investigation by the Hong Kong securities regulator. HSBC told Huishan in two separate letters it had terminated different loans facilities from 2015 and 2014 and was asking for repayment, Huishan said in a securities filing late on Monday. ( read original story ...)
Hong Kong Finance Chief Warns Again of Property Risk on Fed
Hong Kong’s Financial Secretary Paul Chan warned potential buyers to be careful buying property in the world’s most expensive housing market, as moves by the Federal Reserve to unwind its balance sheet may shrink money supply. Chan warned in June that ... ( read original story ...)
Hooters in Hong Kong sees figures go pear-shaped as landlord demands HK$1 million in unpaid rent
Cold drinks and hot women don’t seem to have been enough to keep Hooters well supported, with the American restaurant chain facing eviction from its sole Hong Kong site after failing to pay more than HK$1 million in rent, according to legal documents. ( read original story ...)
Hong Kong Finance Chief Warns Again of Property Risk as Fed Acts
Hong Kong’s Financial Secretary Paul Chan warned potential buyers to be careful buying property in the world’s most expensive housing market, as moves by the Federal Reserve to unwind its balance sheet may shrink money supply. Chan warned in June that ... ( read original story ...)
Hong Kong’s Active Investors May Be About to Lose Their Edge
That place is Hong Kong. Hong Kong, where passive investments are little more than sidekicks, amassing the equivalent of 5 percent of active funds. Hong Kong, where customers are loyal to active managers even though they do no better here than anywhere ... ( read original story ...)
Trolley dash at Hong Kong airport as new monitoring system ensures passengers never left holding their bags
Airline passengers arriving at Hong Kong airport may never again have to worry about the availability of baggage trolleys thanks to the development of a real-time artificial intelligence-based monitoring system by engineers at Chinese University. ( read original story ...)
The Big Hong Kong Dollar Short Is Bruised, But Not Broken
Hong Kong dollar bears are down, not out. So say Credit Agricole CIB and DBS Hong Kong Ltd. after the biggest jump by the pegged currency in 19 months. The main factors weighing down the exchange rate haven’t gone away, with ample liquidity causing a ... ( read original story ...)
Hong Kong’s Richest Man Expands Investments in Electric Vehicles
News of Li’s investment, via Ocean Dynasty Investments Ltd., helped send O Luxe shares surging as much as 6.1 percent to HK$1.74, the highest intraday price since June 2013. This isn’t the first time the Hong Kong tycoon, whose global business empire ... ( read original story ...)
Hong Kong leader Carrie Lam condemns ‘callous’ campus taunts after suicide of top official’s son
Hong Kong’s leader headed a chorus of condemnation and outrage on Friday over an “extremely callous” and “cold blooded” message displayed on the Education University campus, taunting a top education official over the suicide of her eldest son. ( read original story ...)
The Hong Kong actor straddling two cultures
Actor Michael Wong has been a favourite of the Hong Kong screen for more than three decades, making his debut in kung fu film Invincible Obsessed Fighters (1983) before going on to star in multiple action films, often as police officers. Born in the US to ... ( read original story ...)
Why Hong Kong Airlines Will Have An Inconsistent A350 Business Class Product
Hong Kong Airlines just recently took delivery of their first A350, which should allow them to expand significantly. This December Hong Kong Airlines will begin A350 flights between Hong Kong and Los Angeles, and in 2018 they plan on adding flights to ... ( read original story ...)
Hong Kong independence banners present a real test of Carrie Lam’s political wisdom
Will the government’s strong condemnation lead to stronger advocacy for Hong Kong independence? The question has haunted the administration, and, to a certain extent, Beijing as well over the years. Since then, Beijing has stated its uncompromising anti ... ( read original story ...)
Mastercard Announces New Leadership in Hong Kong, Macau, Taiwan and Korea
Dongchun worked for McKinsey and Company for over eight years, providing counsel to financial institutions and industrial conglomerates. He brings with him a background in investment banking and private equity from Salomon Smith Barney in Hong Kong and ... ( read original story ...)
Ex-McKinsey Strategy Consultant Highlights Role of Artificial Intelligence and Deep Learning to Counter Cyber Security Threats in Real Time
He has presented his workshops in Singapore, Hong Kong, Sao Paulo, Seoul ... and a strategy consultant at McKinsey & Co. in New York City. Previously, he managed Operations and Technology for Peruval Finance. Mr. Perez has an undergraduate degree in ... ( read original story ...)