The People’s Republic of China now has 116 million middle class and wealthy households, compared to just 2 million in 2000, according to McKinsey, a global consultancy ... where Chinese-born residents (including from Hong Kong and Macau) make up the ... ( read original story ...)
Hong Kong to retain IPO crown — for now
HONG KONG -- Hong Kong is poised to become the world's largest initial public offering hub for the second consecutive year in 2016. But the absence of heavyweight candidates and high valuations offered in China's domestic A-share markets might strip the ... ( read original story ...)
BOC Hong Kong to Sell 70.49% Stake in Chiyu Bank for HK$7.69 Billion
BOC Hong Kong (Holdings) Ltd. (>> BOC Hong Kong (Holdings) Ltd) has agreed to sell its stake in a small lender in Hong Kong for 7.69 billion Hong Kong dollars ($991.2 million), as it seeks to focus on its core businesses. The Hong Kong-listed unit of state ... ( read original story ...)
Want To Launch A Business Startup? Why Not Base It In Hong Kong
Since Hong Kong started operating as a free port, it has emerged as an unbeatable financial hub. It is the undisputed fort that every investor would dream of as a Launchpad to fire a business to regional and international realms. For startups, Hong Kong ... ( read original story ...)
Christmas rescue mission to fly home more than 1,000 Hong Kong tourists stranded by Japan snowstorms
Cathay Pacific will return 1,600 passengers to Hong Kong in the early hours of Boxing Day. Three further rescue flights will pick up more passengers between December 26 and 27. In anticipation of the weather deteriorating in the Hokkaido region ... ( read original story ...)
Hong Kong children learn sweet lessons of giving at Christmas Marshmallow Charity Sale for Salvation Army
Lee Ho-ching first sang Christmas carols and danced at the Christmas Marshmallow Charity Sale. Undeterred by the strong winds of December, the five year old then busily went about collecting donations from passers-by for the Salvation Army. “I have sold ... ( read original story ...)
Remembering the Canadian troops who fought in the battle of Hong Kong
75 years ago today the battle of Hong Kong ended with Canadian troops involved in the fight surrendering to Japanese forces. They would be interred in brutal prisoner of war camps. Jules Knox reports. ( read original story ...)
Why Hong Kong start-ups find it hard to raise funds
Hong Kong’s strange financial dilemma is that despite easily ... That seed capital will allow ideas to be sorted out into investable business plans. Staging near-religious, reality show style incubator conferences are only as useful as the amount of ... ( read original story ...)
Hong Kong to ban ivory trade by 2021
On Wednesday, Hong Kong government announced that its three-step plan to phase out domestic ivory trade by the end of 2021 was approved by the Chief Executive in Council. The legislature amendments will be tabled before the Legislative Council during the ... ( read original story ...)
Dismiss thriving desert hub Dubai at your peril
And I concede that Dubai has built a powerful and – for now – successful business model which teaches some important lessons, and from which we in Hong Kong might valuably learn. As China has extended its international reach, in particular towards the ... ( read original story ...)
Canadian investors find real estate strategy shifts along with Chinese economy
“The demand is strong, it almost builds itself,” said Jimmy Phua, who heads Asian real estate investments for the Canada Pension Plan Investment Board from the Hong Kong office. “But as the market matures and competition increases, then it becomes a ... ( read original story ...)
Hong Kong, mainland China authorities smash people-smuggling service for Vietnamese
A people smuggling syndicate that provided a “one-stop service” to Vietnamese nationals seeking illegal entry to Hong Kong for work has been smashed by city and mainland Chinese authorities, with its two leaders sentenced to 24 and 32 months ... ( read original story ...)
Sight for poor eyes
Each family member plays a different role in her care. Guide dogs are specially trained to lead the visually impaired. In Hong Kong, guide dog supply has long been dependent on foreign donation. Hong Kong Seeing Eye Dog Services is committed to sustaining ... ( read original story ...)
Daughter of detained Hong Kong bookseller fears for safety in UK after 'scary' incident
The daughter of a Hong Kong bookseller being detained by Chinese authorities says she does not feel safe in Britain and fears she is being monitored. Angela Gui, a swede who is a student at the University of Warwick, said she had begun to feel “nervous ... ( read original story ...)