HONG KONG: An Andy Warhol portrait of former Chinese leader Mao Zedong will be auctioned in Hong Kong in a landmark sale that could fetch US$15 million - but mainland buyers may be wary of putting in a bid. The classic 1973 screen print by the legendary US ... ( read original story ...)
How good are Hong Kong’s start-up incubators and accelerators?
Although research indicates nine out of 10 start-ups fail, a growing number of support services have been springing up in Hong Kong hoping to beat the odds in their search for new talent. Obviously, start-ups are not created equally, but neither are the ... ( read original story ...)
Hong Kong's Richest Men Prove Resilient Against Property Curbs
Don’t bet against Hong Kong’s billionaire property tycoons, even if the city’s incoming chief executive takes a tough stance on reining in soaring home prices. After a short-lived dip as the city’s government ratcheted up real estate curbs in ... ( read original story ...)
Hong Kong man, 18, arrested for slashing boy, 15, with knife then tying him to chair for six hours
A 15-year-old boy was slashed in the neck and right arm with a knife, then tied to a chair for about six hours in what police have reclassified as an attempted murder, The incident came to light at about 1.15am on Wednesday when the victim’s mother ... ( read original story ...)
South China Morning Post takes top honours at Hong Kong News Awards
The South China Morning Post scooped 10 prizes in the Newspaper Society’s 2016 Hong Kong News Awards. The Post swept the Best English News Writing category, bagging all three prizes. Chief reporter Niall Fraser won top prize for his article, “Licensed ... ( read original story ...)
Andy Warhol portrait of Mao goes on auction in Hong Kong
These are external links and will open in a new window An Andy Warhol painting of Chairman Mao is to be auctioned in Hong Kong - and it could go to a Chinese bidder for a "homecoming" of sorts. The portraits immortalised the founder of China's Communist ... ( read original story ...)
Reasons Why Hong Kong Property Is So Expensive
Mar.16 -- Peter Churchouse, chairman at Portwood Capital, discusses Hong Kong's property market and why it will be an important issue in the upcoming election for a new chief executive. He speaks to Bloomberg's Rishaad Salamat and Haidi Lun on "Bloomberg ... ( read original story ...)
HSBC cuts mortgage loan rate
Hong Kong and Shanghai Banking Corp is cutting mortgage rates to another low of HIBOR plus 1.28 percent, despite the US interest rate hike.For mortgage loans above HK$10 million, the lender has reportedly reduced the rate from the previous H+1.3 percent ( read original story ...)
Hong Kong’s starter-home boom may soon be over
The Hong Kong government has unveiled eight rounds of counter-cyclical measures to curb home prices since 2009. The authorities have mainly targeted medium and large flats initially. For example, in August 2010, it cut the mortgage loan ratio from 70 ... ( read original story ...)
Poly to offer smallest units in Kai Tak, at just 228 sq ft
Hong Kong mortgage rates remain low despite the US deciding to raise interest rates. It will not negatively affect home-buying interest Virginia Kao, head of sales and marketing at Poly Property (Hong Kong) “Hong Kong mortgage rates remain low despite ... ( read original story ...)
HSBC says to keep best lending rate at 5 percent in Hong Kong
HONG KONG HSBC Holdings Plc (0005.HK) (HSBA.L) said on Thursday it would maintain its best lending rate at 5 percent in Hong Kong, even after the central bank raised its benchmark interest rate by a quarter point for the second time in three months. ( read original story ...)
HSBC says to keep best lending rate at 5 pct in Hong Kong
HONG KONG, March 16 HSBC Holdings Plc said on Thursday it would maintain its best lending rate at 5 percent in Hong Kong, even after the central bank raised its benchmark interest rate by a quarter point for the second time in three months. The Hong Kong ... ( read original story ...)
Hong Kong unions to park 500 taxis near Legco to protest against government’s franchised taxi plan
Taxi drivers are planning to park some 500 cars near the Legislative Council on Friday as part of a protest against the Hong Kong government’s proposal on franchised taxis, unions said on Thursday. The government plan will allow an additional 600 ... ( read original story ...)
Hong Kong central bank raises interest rates after Fed move
HONG KONG: Hong Kong's central bank raised its benchmark interest rate by a quarter point for the second time in three months on Thursday, following a similar move by the U.S. Federal Reserve and said capital outflows will not pose challenges for the economy. ( read original story ...)