Investors in the Hong Kong stock market will have their tails up in the Year of the Dog, with the Hang Seng Index set for solid gains and pharmaceutical and consumers stocks a good bet, according to the annual “Feng Shui Index” compiled by Hong Kong ... ( read original story ...)
Hong Kong Monetary Authority chief Norman Chan rejects calls to relax mortgage policies
Hong Kong Monetary Authority chief executive Norman Chan Tak-lam on Monday rejected calls by lawmakers to relax mortgage policies, and said the city’s property market was still too overheated for any such relaxation. The authority, Hong Kong’s de facto ... ( read original story ...)
Eskom’s Sean Maritz faces suspension over McKinsey contract
It has recently emerged that Maritz signed a letter to consultancy firm McKinsey saying that the company’s R1 ... He also allegedly signed off on a R400 million payment to a Hong Kong bank account. ( read original story ...)
Hong Kong’s MPF gains most in almost two years with 4.35 per cent return in January
Hong Kong’s Mandatory Provident Fund has achieved its highest monthly return in almost two years, with a 4.35 per cent gain in January. It was the 13th consecutive month of gains for the compulsory retirement plan that covers 2.8 million employees and ... ( read original story ...)
Hong Kong government accused of lying to public over how many houses could be built on exclusive golf course
Hong Kong government has been accused of “deliberately misleading the public” by lowballing the number of homes that could be built on an exclusive golf course in Fanling, with debate on the proposal set to restart on Tuesday. The administration has ... ( read original story ...)
Car crash fells wall at Hong Kong’s historic Wan Chai police station, but compound’s heritage value survives
Hong Kong heritage enthusiasts could breathe a sigh of relief on Sunday evening after it was confirmed that the old Wan Chai police station compound would remain largely intact, its historical value undiminished, despite a truck smashing into and ... ( read original story ...)
Has Hong Kong pulled the plug on electric cars?
When Financial Secretary Paul Chan Mo-po drastically slashed a tax break for electric cars last February, evangelists for zero-emissions vehicles in Hong Kong were bewildered. Chan – who chairs a steering committee on the promotion of electric vehicles ... ( read original story ...)
Ivory trade banned in Hong Kong by 2021
A month after China shut down all of its ivory markets on the mainland, Hong Kong has implemented a plan to phase out its own ivory trade over the next three years. Ivory seized in London after it was smuggled from Nigeria to importers in Hong Kong and China. ( read original story ...)
Will the introduction of dual-class shares in Hong Kong boost Chinese tech shares listed in US?
Tobias Bland said that thanks to the impending launch of the weighted voting right governance structure by Hong Kong Exchanges and Clearing, he expected several Chinese technology “marquee players” – smartphone giant Xiaomi as well as leading fintech ... ( read original story ...)
Hong Kong health bosses to unleash big data on medical records
Health officers in Hong Kong have started work on a big data platform which will eventually allow researchers to analyse anonymised medical records. Scholars have said they hoped the platform would mean easier access to information without creating extra ... ( read original story ...)
“I quit consulting for Hong Kong investment banking. I made the right choice”
I ditched my successful consulting career to become a junior analyst at an investment bank in Hong Kong. Here’s why I don’t regret it. https://news.efinancialcareers.com/hk-en/305691/chinese-vs-western-banks/ By 2016 I’d clocked up about three years ... ( read original story ...)
Tesla to reduce Hong Kong operations if city refuses to promote electric cars
US electric car maker Tesla is prepared to reduce its Hong Kong operations if the government fails to give residents incentives to buy battery-powered cars in its upcoming budget, a source close to the company told the Post. The source said Tesla ... ( read original story ...)
Hong Kong finance minister throws support behind reclamation and new towns to ease housing shortage
Hong Kong finance minister Paul Chan Mo-po has called on the public to take “a pragmatic and understanding attitude” towards reclamation and the development of new towns, which he said were key to easing the city’s land shortage. Chan voiced support ... ( read original story ...)
Tesla ready to put brakes on Hong Kong business if city refuses to promote use of electric cars
American electric car maker Tesla is prepared to downsize its operations in Hong Kong if the government does not give residents incentives to buy battery-powered cars in its upcoming budget announcement, a source close to the company told the Post. ( read original story ...)