The top gainer on Hang Seng was China Resources Power Holdings Co Ltd, up 6.21 percent, while the biggest loser was BOC Hong Kong Holdings Ltd with a 0.13 percent fall. ** As of the previous trading session, the Hang Seng index was up 0.93 percent this yea ... ( read original story ...)
Readers Say: Hong Kong’s Richest; Charley Shin and Philadelphia Eagles Have Something In Common
“Shame he don’t give it back to Hong Kong by making home prices cheaper.” Viva Republica! South Korean Startup Toss Churns $1 Billion a Month 5,608: “Our culture dynamic really focuses on freedom and responsibility.” Blue Skies for the Founder of ... ( read original story ...)
Hong Kong Seen Draining Liquidity With Currency Near ’84 Low
India Can No Longer Spend Its Way To Higher Growth Why Is PM Modi Allowing DACOIT-y On Indian Digital Startups? India’s Online Streaming ... Days’ — Finally Ends For PM Modi (Bloomberg) -- Hong Kong’s central bank will probably take steps to ... ( read original story ...)
Hong Kong Open API And Virtual Banking Consultations: A Review.
The Hong Kong Monetary Authority (“HKMA”) has recently released two fintech-related consultation papers. Consultation Paper on Open API Framework for the Hong Kong Banking Sector – released on 11 January 2018 (the “Open API Paper”). Public ... ( read original story ...)
Roughly Flat Lead Expected For Hong Kong Shares
China Mobile dipped 0.28 percent and BOC Hong Kong was unchanged. The lead from Wall Street is murky as stocks opened lower Wednesday before climbing off their worst levels of the day, although only the NASDAQ managed to close in positive territory. ( read original story ...)
Hong Kong Looks Increasingly Attractive For Aramco Listing
New York and London were pegged as favorites earlier, but both NYSE and LSE have stricter disclosure rules than the Hong Kong Exchange, which may well tip the scales in favor of the Chinese bourse. The news comes as Crown Prince Mohammed prepares to travel ... ( read original story ...)
What the weakest Hong Kong dollar in 30 years means for firms, workers and travellers
A leading Hong Kong chain store specialising in Japanese snacks and consumer goods has responded to the recent depreciation of the Hong Kong dollar by marking up its products by 3 to 5 per cent. But other businesses believed the weaker local currency ... ( read original story ...)
Hong Kong cargo terminal can be scrapped to build 22,000 flats – ‘but only with land reclamation’
A cargo terminal in Tuen Mun can be redeveloped for housing – but only if a neighbouring bay undergoes land reclamation, a Hong Kong government advisory committee has said. The Task Force on Land Supply on Tuesday agreed that the 65-hectare (161 acres ... ( read original story ...)
Can Beijing achieve its next big goal for Hong Kong – making people feel more Chinese?
Shie, one of about 200 Hong Kong delegates to the Chinese People’s Political Consultative Conference (CPPCC), China’s top political advisory body, said this week that Hongkongers’ love for their motherland should be “nurtured” and “inspired ... ( read original story ...)
Hong Kong to reap more dividends through closer development with China, says Beijing’s top man in city
These two major national policies created great dividends for Hong Kong through macroeconomic policies and systems,” Wang told a pro-Beijing news outlet. Chief Executive Carrie Lam Cheng Yuet-ngor, after returning from Beijing from the opening of the ... ( read original story ...)
Hong Kong independence ideas must be suppressed, top China official Wang Huning warns city
Wang said there might be “good news soon” on that front, according to Chan. Chan’s party, the Democratic Alliance for the Betterment and Progress of Hong Kong, submitted 31 proposed measures to mainland authorities, including allowing people to use ... ( read original story ...)
Hong Kong judge orders former city leader Donald Tsang to pay HK$4.6 million in court costs
Donald Tsang Yam-kuen was ordered to pay HK$4.6 million (US$590,000) on Tuesday after a judge agreed with prosecutors that the former Hong Kong leader was uncooperative during their investigation into charges of bribery and misconduct. The disgraced former ... ( read original story ...)
Hong Kong to launch retirement annuity scheme in July as it eyes an ageing population
HKMC Annuity is a unit of the government-owned Hong Kong Mortgage Corporation. It will collect the money from buyers of the annuity, up to the maximum HK$10 billion allowed, and will invest the money to provide the guaranteed monthly payments. It will ... ( read original story ...)
Hong Kong in pictures: when squatter huts covered hillsides
Residential property – and the lack of it – is never out of the news for long in Hong Kong. In recent times, the big issues have been the housing affordability crisis, the individuals and families forced to live in often squalid subdivided flats ... ( read original story ...)