The officials responsible for the missing laptops that contained the personal information of 3.78 million voters may face disciplinary action, Secretary for Constitutional and Mainland Affairs Raymond Tam Chi-yuen said on Tuesday. Releasing the results of ... ( read original story ...)
Hong Kong leader vows ‘utmost’ effort to fix notorious pension fund problem, but has only two weeks left
With only two weeks left on the job, Hong Kong’s leader has vowed to do his “utmost” to scrap a controversial arrangement that allows employers to dip into workers’ pension funds for severance and long-service payments. Chief Executive Leung Chun ... ( read original story ...)
Life in Hong Kong Is Harder Than Ever – Unless You’re a Tycoon
Her next paycheck isn’t for a week, and she doesn’t have enough money to feed her family of four crammed into her small, government-subsidized Hong Kong apartment. Her husband can’t work, and the kids don’t understand why their mother keeps buying ... ( read original story ...)
Hong Kong Jockey Club tells Tommy Berry he can’t ride Chautauqua in The Everest
TEAM Hawkes are in no rush to lock in a rider for Chautauqua in The Everest this spring after Tommy Berry’s bid to ride The Grey Flash in the $10 million race was rejected by the Hong Kong Jockey Club on Tuesday. Berry will join the Hong Kong jockey ... ( read original story ...)
Guangzhou Rural Bank HK IPO priced near middle of range, raises $1 bln-source
HONG KONG, June 14 Guangzhou Rural Commercial Bank Co Ltd (GRCB) priced its Hong Kong IPO slightly below the middle of its indicative range in a deal that has raised about $1 billion, a person with direct knowledge of the transaction said on Wednesday. ( read original story ...)
Typhoon Merbok moves away as Hong Kong escapes major damage
HONG KONG Typhoon Merbok spared Hong Kong any major damage as it pounded the financial hub with heavy rain and strong winds before moving further inland on Tuesday towards southern China. Financial markets, schools, businesses all resumed normal operations ... ( read original story ...)
Hong Kong dollar near 17-month low ahead of Fed rate decision
Under the linked exchange rate system, the Hong Kong Monetary Authority (HKMA), the city’s de facto central bank, is obliged to buy and sell US dollars to prevent the currency from breaching either side of a trading band between 7.75 and 7.85. ( read original story ...)
Hong Kong wastes away as rival Asian cities clean up
From syringes and television sets strewn on its beaches to brimming landfills, Hong Kong is struggling to keep pace with a growing waste problem in one of the world's most densely populated cities. Landfills in the global financial hub of 7 million people ... ( read original story ...)
Hong Kong leader vows to scrap pension offset arrangement amid reports that Exco will discuss issue
Hong Kong’s outgoing leader has vowed to deliver on his promise to scrap a controversial arrangement whereby bosses dip into workers’ pension funds for severance and long-service payments, although his earlier proposal had failed to please neither ... ( read original story ...)
Three Hong Kong leaders share one vision for city: optimism
Three heads of Hong Kong’s government – past, present and future – gave their full vote of confidence on Monday to the “one country, two systems” formula that guarantees the city’s freedoms, tracking its performance over the last two decades ... ( read original story ...)
Hong Kong becomes new member of AIIB
HONG KONG, June 13 (Xinhua) -- The government of China's Hong Kong Special Administrative Region (HKSAR) said Tuesday that Hong Kong has become a new member of the Asian Infrastructure Investment Bank (AIIB). The Finance Committee of the Legislative ... ( read original story ...)
This Is How Much Hong Kong Property Has Surged Since British Rule
As the Union Jack fluttered over Hong Kong’s Victoria Harbour for the last time on June 30, 1997, home prices were hovering near record highs and sellout crowds at new projects were the norm. Twenty years on, property price have hit fresh records and ... ( read original story ...)
Fitch flags ‘asset-quality risk’ as Hong Kong banks ramp up lending exposure to China
Hong Kong banks are accelerating their lending exposure to China ... “Steady growth in lending to Chinese corporates and other non-bank borrowers - particularly private and non-mainland entities - is likely to continue, in part to support their expansion ... ( read original story ...)
RISE: Ready To Put Hong Kong’s Startup Ecosystem Back On The Global Map
One of the most efficient ways to boost the Hong Kong startup ecosystem is by hosting large scale tech and startup events. An upcoming conference, which is truly putting Hong Kong firmly on the global map, is RISE. Produced by Web Summit, RISE is the ... ( read original story ...)