Hong Kong Dollar Gains as PMI Shows Expansion at Last

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 ...)

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 ...)

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 ...

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 ...)

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 ...)