Hong Kong developers could be forced to build nursing homes for the elderly and day care centres as part of their property projects under a proposal being considered by the government, the city’s labour and welfare chief has told the Post. Dr Law Chi ... ( read original story ...)
Hong Kong stocks tumble as negative news triggers profit-taking; China calm
SHANGHAI, Nov 6 (Reuters) - Hong Kong stocks fell sharply on Monday morning as negative news flows at the weekend - including a corruption crackdown in Saudi Arabia and a call for tougher regulation in China - prompted profit-taking in a market that has ... ( read original story ...)
Hong Kong will need 600,000 domestic helpers in next 30 years amid demand for elderly care, labour chief says
On Vietnam, Law said the Hong Kong government needed more cooperation from the Vietnamese side to help deport current illegal immigrants. “If you read the recent news about illegal immigrants coming to Hong Kong, a very large chunk of them are Vietnamese ... ( read original story ...)
Explainer: Hong Kong’s to-do list now that it must pass a national anthem law locally
Here is an overview of issues Hong Kong must address for the law to be adopted locally. How will the national law be enforced in Hong Kong? According to Article 18 of the Basic Law, the national laws listed in Annexe III can be applied locally “by way of ... ( read original story ...)
Hong Kong’s mortgage loans fall 1.7 pct in September
HONG KONG, Oct. 31 (Xinhua) -- Mortgage loans approved in September dropped 1.7 percent compared to the previous month to 29.5 billion HK dollars (3.78 billion U.S. dollars) in China's Hong Kong Special Administrative Region, the Hong Kong Monetary ... ( read original story ...)
Residential Mortgage Survey Results for September 2017
The following is issued on behalf of the Hong Kong Monetary Authority: The Hong Kong Monetary Authority announced the results of the residential mortgage survey for September 2017. The number of mortgage applications in September increased month-on-month ... ( read original story ...)
China brings anthem disrespect laws to Hong Kong
Hong Kong residents who boo the Chinese national anthem might soon face up to three years in prison. China's parliament, the National People's Congress, is extending a law on disrespecting the anthem to semi-autonomous Hong Kong and Macau. Hong Kong's ... ( read original story ...)
China extends national anthem ‘disrespect’ law to Hong Kong
The National Anthem Law, which went into effect on Oct. 1, has now been included in an annex of Hong Kong's Basic Law, or mini constitution, state news agency Xinhua said. It will also be included in an annex of Macau's Basic Law, Xinhua reported. ( read original story ...)
Hong Kong tech IPO bonanza a mixed blessing as Coach, Glencore head for the exit
A series of successful recent initial public offerings suggests Hong Kong’s stock exchange may be turning into a listing hub for technology firms. But the transformation is something of a mixed blessing as two large international companies with a ... ( read original story ...)
A 9,000 square foot house just sold for $150M in Hong Kong
A luxurious four-bedroom house in Hong Kong has been sold for USD $148.7 million, which the main developer said is the most paid for a home in one of its projects this year. The price per square foot was USD $1,625, a spokeswoman for Wheelock Properties ... ( read original story ...)
China’s Shandong Trust gets Hong Kong IPO approval -IFR
HONG KONG, Nov 3 (Reuters) - Shandong International Trust has won approval from the Hong Kong stock exchange for its proposed $300 million listing - the first initial public offering by a mainland trust in more than two decades, IFR reported on Friday. ( read original story ...)
Hong Kong money market rates jump as c.bank soaks up cash
Nov 3 (Reuters) - Hong Kong's money market rates spiked this week to multi-year highs, reacting afresh to the central bank's efforts in the past few months to soak up excess cash, push rates closer to U.S. yields and put a floor under its currency. ( read original story ...)
Hong Kong finance chief Paul Chan defends business registration fee amid criticism from World Bank
The financial secretary has defended his decision earlier this year not to waive the annual business registration fee, even though the World Bank said it had weakened Hong Kong’s competitiveness. Paul Chan Mo-po said the HK$2,000 fee was of a “trivial ... ( read original story ...)
Hot AI Startup In Hong Kong Hits Unicorn Status And Shows The Way For More To Spring Up
The buzz in tech and venture circles in Hong Kong today is about the emergence of home-grown Hong Kong startups that have reached unicorn or $1 billion-plus status in financing. Their names are instantly recognizable in these circles: logistics service ... ( read original story ...)