Hong Kong stocks opened lower in early trading on Friday, retreating after closing above 29,000 for the first time in 10 years the previous day. Chinese banks and insurers were hit most as the Hang Seng Index fell 0.3 per cent, or 82.06 points, to 29,054 ... ( read original story ...)
Security vehicle firm banks on Hong Kong mega bridge to boost cross border transport of money, gold, and jewels
A company that moves some 600 million yuan between Hong Kong and the mainland every day is banking on the multibillion dollar Hong Kong-Zhuhai-Macau bridge to expand its suite of services and internationalise its business. Vpower Finance Security ... ( read original story ...)
Core member of Hong Kong pro-democracy party Demosisto resigns after finance rules violation
Hong Kong’s youngest political party Demosisto, co-founded by student activist Joshua Wong Chi-fung, removed a core member from its standing committee on Thursday after he was found to have violated the group’s financial rules. Derek Lam Shun-hin, 24 ... ( read original story ...)
Hong Kong’s Real Bull-Market Killer
ICBC, by comparison, made less than 25 percent of its stock freely tradable in Hong Kong. Its two biggest shareholders, Huijin and China's Ministry of Finance, can only offload their stakes in Shanghai. This subtle distinction is making a world of ... ( read original story ...)
Hong Kong soccer fans boo Chinese anthem despite tougher new laws
Hong Kong soccer fans loudly booed China's national anthem at a match Thursday in the Chinese-controlled city, defying Beijing days after Communist leaders tightened penalties for disrespecting the song. Fans dressed in red in one section of the stadium ... ( read original story ...)
Defiant Hong Kong soccer fans boo China anthem at match
Hong Kong soccer fans have loudly booed China's national anthem at a match in the Chinese-controlled city. The jeering Thursday night defied Beijing days after Communist leaders tightened penalties for disrespecting the song. The long-simmering anthem ... ( read original story ...)
Why is Singapore much smarter than Hong Kong? City left trailing rival in global technology index
Hong Kong has been ranked 68th in a global smart city index – way behind its main rival Singapore, which came in second, and trailing its neighbours in the region like Taipei, Tokyo and Seoul. Despite recent efforts by the government to make the city ... ( read original story ...)
Hong Kong’s IPO Crash Indicator
Now this is not the end. It is not even the beginning of the end. But it is, perhaps, the end of the beginning. Like military campaigns, market cycles are subject to uncertainty in their duration. Winston Churchill's famous admonition was an attempt to ... ( read original story ...)
Ten Innovative Startups Featured at Accenture’s FinTech Innovation Lab Asia-Pacific Investor Day in Hong Kong’s Cyberport
HONG KONG–A select group of financial services technology (fintech) companies demonstrated their products and services to dozens of top banking, venture capital and technology executives today at Accenture’s (NYSE:ACN) fourth annual FinTech Innovation ... ( read original story ...)
Hong Kong Homeowners Face Prospect of First Rate Hike Since ’06
Home prices have tripled since the 2008 financial crisis as low borrowing costs and demand for property by wealthy mainland Chinese countered government efforts to cool the real estate sector. Things are starting to change. Hong Kong’s interbank rates ... ( read original story ...)
Hong Kong stocks end lower, weighed by profit-taking in Tencent and financial shares
Hong Kong stocks ended lower on Wednesday, as investors took profits in tech shares including Chinese internet giant Tencent and financial stocks, after the index rose to a fresh 10-year intraday high in the morning. The Hang Seng Index fell 0.3 per cent ... ( read original story ...)
Avnet accelerates growth of tech startup community in Asia Pacific
HONG KONG, CHINA–(Marketwired – Nov 6, 2017) – Avnet Asia Pacific continued its ongoing investment in the region's startup community through its participation in the 2017 Elevator Pitch Competition (EPiC) as a diamond sponsor. Frederick Fu ... ( read original story ...)
We might start taking Hong Kong fans’ names to curb national anthem booing, FA director says
Soccer fans who buy tickets to watch the Hong Kong team’s matches could have their names taken in future, as part of attempts to reduce booing when the national anthem is played, according to a director of the football association. But Wilson Wong Wai ... ( read original story ...)
How Hong Kong’s public housing policy is failing those most in need
The most pressing need for Hong Kong is to improve housing conditions for low-income earners and mitigate the mortgage burden for the middle class. Hong Kong has a unique housing market. There are about 756,000 public housing units designed to provide low ... ( read original story ...)