The Hong Kong Dollar gained against its US counterpart on Thursday after the release of data suggesting the first expansion in the territory’s private-sector business activity for nearly two years. The Nikkei Hong Kong Purchasing Managers’ Index rose ... ( read original story ...)
Can a Disputed Patch of Land Reinvigorate Hong Kong’s Tech Scene?
The territory’s economy, dominated by finance, was slow to embrace the startup crowd. But funding today is soaring. And initiatives like Alibaba’s $130 million Hong Kong Investment Program are enticing more young professionals into the entrepreneurial ... ( read original story ...)
Third airline to offer direct flights to Hong Kong from Vancouver
Flights will be on an Airbus A330 aircraft with 283 seats. Hong Kong Airlines said prices for round-trip return tickets start at $634 for economy and $2,767 for business, before fuel surcharges, taxes and other charges which were not specified. Economy ... ( read original story ...)
Why Hong Kong going cashless is no small change
Hong Kong prides itself on being up to date with the latest technology, and the government likes to call it a “smart city”, but to really embrace that concept, many believe Hongkongers must abandon the idea that cash is king and join the global ... ( read original story ...)
Hong Kong retail chain seeks debt restructuring
The Finnish-owned Hong Kong chain of discount stores applied to the Espoo District Court on Thursday for debt restructuring. The company’s 2016 books recorded 1.3 million euros in losses. The chain’s 27 department stores, most of which are located in ... ( read original story ...)
Hong Kong’s Richest Man Sees Property Prices Rising Amid Curbs
Hong Kong billionaire Li Ka-shing expects property prices in the city will rise “a little bit” this year, even as the government takes steps to cool the world’s costliest real estate market. The government in November increased the stamp duty to 15 ... ( read original story ...)
Fewer Hongkongers say they will buy property in next 3 months after government moves to contain real estate prices, poll finds
Hong Kong property set to become ‘buyer’s market’ in the first quarter Analysts said the results showed that Hongkongers were exercising more caution when it comes to purchasing properties despite the high demand for flats. “The interest and demand ... ( read original story ...)
New Montrealers: From South Africa via Hong Kong to Laval
One of the reasons I decided to leave Hong Kong was that I'd seen all big cities of the world, especially in East Asia. I'd gotten to the point where it's all the same — there's a metro, a lot of people, the architecture's the same — so I thought I ... ( read original ...
Start-up Ampd Energy hopes to oust noisy, dirty diesel backup generators
Hong Kong start-up Ampd Energy hopes to make diesel generators obsolete with its battery-powered energy storage system, especially in countries like Indonesia and India which often suffer power failures. The Ampd Silo, which runs on lithium-ion batteries ... ( read original story ...)
KQ targets business travellers in codeshare deal with Hong Kong
National carrier Kenya Airways has signed a codeshare agreement with Hong Kong Airlines increasing its frequency between Nairobi and Hong Kong to daily flights with an eye on the growing trade between the two cities. KQ, as the carrier is known by its ... ( read original story ...)
Business conditions in Hong Kong improve for first time in December since February 2015
Hong Kong’s private sector is pulling out of recession, with the December PMI recording above the neutral 50.0 level. However, the improvement was not driven by expansions in output and new orders. Instead, a surge in the preproduction stock levels ... ( read original story ...)
PMI indicates growth in Hong Kong private sector after 21 months of decline
Those in Hong Kong’s private sector finally have a reason to smile, with a key market indicator showing growth in December after 21 months of decline, though the improvement was not due to a surge in output or new business, but to other contributing factors. ( read original story ...)
Investing in digital innovation
HSBC is working with the Hong Kong government to develop the next generation of banking technology at a new digital innovation lab. The bank and the government-funded Hong Kong Applied Science and Technology Research Institute (ASTRI) have joined together ... ( read original story ...)
Hong Kong’s MPF reports 1.26 per cent gain in 2016
Hong Kong’s Mandatory Provident Fund generated average gains of 1.26 per cent in 2016, beating the benchmark Hang Seng Index and bank deposit rates, according to data from Thomson Reuters Lipper. The return represents a turnaround from the previous year ... ( read original story ...)