Five major Hong Kong business groups have joined forces to demand greater subsidies in any plan that would stop them from dipping into pensions, the latest blow to efforts to end the so-called offsetting mechanism in the city’s government-mandated ... ( read original story ...)
Looming $10 Billion IPO Has Hong Kong Bracing for a Cash Crunch
Snaring what is shaping up to be the world’s biggest initial public offering of 2018 could be a double-edged sword for Hong Kong. Chinese smartphone maker Xiaomi Corp., which has ambitions to take on Apple Inc. and Samsung Electronics Co., is said to be ... ( read original story ...)
Hong Kong scrambles for talent in battle for Nasdaq’s biotech crown
HONG KONG (Reuters) - When Hong Kong unveiled plans last year to encourage biotech companies to list in the city by loosening listing rules, the financial industry and investors cheered. Hong Kong was an obvious financing center for a growing number of ... ( read original story ...)
Hong Kong justice chief tight-lipped on whether she discussed Article 23 with Beijing officials
Hong Kong’s justice minister did not reveal if she had discussed with state officials the enactment of a controversial national security law as she wrapped up her first duty visit to Beijing on Sunday. Secretary for Justice Teresa Cheng Yeuk-wah said the ... ( read original story ...)
Will Hong Kong’s ‘big debate’ on land supply end up as just another talking shop?
But recently, a woman’s story of how Hong Kong’s housing crunch had forced her into a cubicle home in an industrial building tugged at his heartstrings, and underscored how public policy could transform lives. The woman, who looked middle-aged ... ( read original story ...)
The world’s most famous tailor has followed one simple plan that has grown his tiny Hong Kong shop from a small business into a global brand
Roshan Melwani is the third-generation proprietor of Sam's Tailor, a family-owned small business started by his grandfather Naraindas "Sam" Melwani in 1957. Sam's Tailor has become world famous for the stylish bespoke suits and clothing it has made for ... ( read original story ...)
Philanthropic assets can grow by half if Hong Kong relaxes taxation cap
Hong Kong’s philanthropic assets can grow by about half if the city relaxes its tax deduction cap, which at 35 per cent is lower than the US and Singapore. And if the tax incentives were put in place, Hong Kong’s assets could account for a higher ... ( read original story ...)
Hong Kong housing protests grow as Labour Party demands seizure of city’s most exclusive golf club
Protesters were back out in force outside of Hong Kong’s most exclusive golf club on Sunday, demanding the government take back control of the 170-hectare property and build houses on it. Two days after a Labour Party member was assaulted by a golfer ... ( read original story ...)
Is there a better way to manage Hong Kong’s iconic, centuries-old stone wall trees?
Landscaping officials are studying the safety and structure of Hong Kong’s iconic stone wall trees in the hopes of finding a new way to manage them. Typically banyans and many centuries old, the trees are common across the city and often get seeded in ... ( read original story ...)
Hong Kong’s biggest headache is not only finding land, but also building affordable housing
Now comes a massive, citywide consultation on where and how to find land. The sky is the limit for runaway property prices in Hong Kong. To make matters worse, while building micro flats has become the new trend under the excuse of making housing more ... ( read original story ...)
Hong Kong’s monetary authority should raise interest rates now to buffer the market – while it can
After 1997, Hong Kong’s property price dove by 75 per cent over the following six years. The political pressure forced the government to contract supply, which massively exaggerated the subsequent upcycle, causing political pressure on the other end. ( read original story ...)
STX Entertainment Starts Hong Kong IPO Process
It will become the first U.S. entertainment company to be listed in Hong Kong. Burbank-headquartered STX Entertainment has submitted preliminary paperwork for its planned initial public offering on the Hong Kong Stock Exchange in the form of a draft ... ( read original story ...)
How govt can boost startup ecosystem (other than by splurging)
Amid the startup boom, governments around the world are thinking of ways to boost innovation and technology in their respective territories. In Hong Kong, the government has allocated HK$50 billion for the purpose. The Hong Kong Economic Journal recently ... ( read original story ...)
Revealed: number of suspicious financial transactions in Hong Kong more than quadruples in six years
Hong Kong’s financial system is groaning under a deluge of tens of thousands of suspicious financial transaction reports, the number of which has more than quadrupled over the past six years. In 2017 the Joint Financial Intelligence Unit – which acts ... ( read original story ...)