Hong Kong’s economy has become more integrated with China’s over the past 20 years since the handover – but the city continues to be higher rated, at “AAA”, reflecting the views there are still traditions that are distinct to it and not mainland ... ( read original story ...)
Despite challenges, startups see a bright future for tech companies in Hong Kong
Hong Kong is one of the world’s premier financial hubs, but can it be a destination for tech startups? That was the question put to a panel of experts at the TechCrunch China event in Shenzhen today. The answer, largely, was yes but it may need a little ... ( read original story ...)
Hong Kong green groups urge lawmakers to block Lantau office if more conservationists are not included
Green activists in Hong Kong are urging lawmakers to reject the government’s plan for a new office to spearhead Lantau’s development unless more conservation experts are included. The Sustainable Lantau Office, which will be set up after funding is ... ( read original story ...)
Hong Kong Wants to Win the Next Alibaba With Exchange Revamp
Plans also introduced for revamp of small-cap GEM venue Hong Kong Exchanges & Clearing Ltd. is sending a message to startup companies the world over: We want your business. The bourse operator on Friday proposed the creation of a new exchange that would ... ( read original story ...)
Hong Kong Wants to Win the Next Alibaba With Exchange Overhaul
Hong Kong Exchanges & Clearing Ltd. is sending a message to startup companies the world over: We want your business. The bourse operator on Friday proposed the creation of a new exchange that would allow firms to list before they’ve made a profit and ... ( read original story ...)
iPhone’s biggest screen maker seeks to raise HK$10 billion in Hong Kong IPO
Every swipe on a smartphone brings a smile to Yeung Kin-man’s face. He is the founder of Biel Crystal Manufactory, the world’s largest producer of cover glass, used in two of every three of Apple’s iPhones sold in the world. Yeung plans to sell Biel ... ( read original story ...)
Chinese bankers flock to Hong Kong as expats retreat
As top banks such as Goldman Sachs, UBS, and Bank of America trim their Asia headcount, businesses across Hong Kong have taken a direct hit. Bo Innovation, a Michelin-star restaurant, said its Western expat customers fell roughly 10 percent in the last 10 ... ( read original story ...)
Hong Kong’s banks are in better shape than 1997 to weather a property crash, regulator says
Hong Kong’s banks are better prepared than 20 years ago for a property market crash, even amid the world’s highest real estate prices, because the banking regulator had already forced lenders through eight rounds of mortgage tightening measures ... ( read original story ...)
Hong Kong makes play for U.S. secondary listings with new board proposal
HONG KONG The Hong Kong stock exchange unveiled on Friday a long ... The HKEX said the move was necessary to diversify from traditional old economy sectors such as financials and real estate, warning the bourse was at risk of stagnating if it did not ... ( read original story ...)
Why It’s Much Harder for Expat Bankers to Land a Hong Kong Job
Andrew Sullivan remembers the days when a young Brit could hustle his way into a job in Hong Kong finance. He ought to know: He did it. It was 1996, the twilight of British Hong Kong, when Sullivan arrived with a resume that couldn’t get him into a bank ... ( read original story ...)
Indonesia to get access to its taxpayers’ financial data in Hong Kong
JAKARTA Indonesia and Hong Kong have agreed to share financial information that will give the Indonesian tax office access to data on taxpayers who have accounts in the wealth management hub, Indonesia's finance ministry said on Friday. The government of ... ( read original story ...)
Hong Kong pushing for regional AIIB office, says finance chief
Hong Kong, which last week joined the Beijing-led Asian Infrastructure Investment Bank by agreeing to pay US$155 million over five years, is now lobbying the AIIB to set up a regional office in the city, Financial Secretary Paul Chan Mo-po told the ... ( read original story ...)
Hong Kong ignoring 1.5 million marginalised women and funding for women’s rights, campaigners say
Women’s rights campaigners from across Asia have gathered in Hong Kong to discuss the lack of funding for their projects, which they claim are being ignored in favour of organisation that represent pro-establishment groups. Representatives from ... ( read original story ...)
Think Toronto is bad? This $664,000 parking spot shows just how crazy Hong Kong’s property market has become
HONG KONG — In many places, US$664,000 can buy you a nice house. For that price in Hong Kong, you can buy a slab of concrete, roughly 17 feet long and 11 feet wide, to leave your luxury car. Hong Kong is now home to a very expensive parking spot ... ( read original story ...