Among the actives, Kunlun Energy surged 3.55 percent, while BOC Hong Kong soared 2.51 percent, Li & Fung plummeted 2.33 percent, Lenovo Group tumbled 1.53 percent, CITIC Limited spiked 0.86 percent, China Resources Power dropped 0.71 percent, Galaxy ... ( read original story ...)
Former BOCHK figure to take risk management role
... Yue Yi was appointed to head the risk management committee of Hong Kong Exchanges and Clearing (0388) yesterday.Yue, who replaced former chairman Raymond Cheng, has just retired from BOC Hong Kong (2388) and was replaced by Gao Yingxin.Meanwhile ... ( read original story ...)
Joint checkpoint plan for Hong Kong’s express rail link ‘cannot be challenged’ by city, Beijing official says
The decision to allow national laws to be enforced in part of Hong Kong’s cross-border express rail terminus was an “act of state” that cannot be challenged by local courts, a Beijing official said on Saturday. Basic Law Committee vice-chairman Zhang ... ( read original story ...)
How hectic Hong Kong is turning into hotbed of infectious diseases
The warning comes amid reports that the city recorded 10 flu-associated deaths in the first nine days of 2018. Every year Hong Kong is hit by seasonal flu outbreaks, most commonly occurring from January to March and July to August. On top of that ... ( read original story ...)
Don’t be like Hong Kong leader Carrie Lam with only 3 to 5 hours’ sleep, doctors warn
In a recent interview with the Post, Hong Kong leader Carrie Lam Cheng Yuet-ngor revealed that she only gets three to five hours of sleep per night due to her taxing schedule. For many Hongkongers, this is a familiar complaint that is often seen as part ... ( read original story ...)
China’s Lufax plans Hong Kong IPO in April at US$60 billion valuation: sources
Lufax, one of China’s major online wealth management platforms, plans to launch an initial public offering in April in Hong Kong, which could value the firm at about US$60 billion in what could be the city’s biggest fintech flotation. The Ping An ... ( read original story ...)
We must invest in Hong Kong’s future, not dish out sweeteners, finance chief says
A huge surplus expected in Hong Kong’s budget will be invested in the long-term development of the city, with priority given to elderly care, medical services, research and creative industries, the financial secretary revealed on Saturday. Paul Chan Mo ... ( read original story ...)
Hong Kong’s first property launch of 2018 gets off to a roaring start as SHK’s St Barths sells out
Hong Kong’s first property launch of 2018 got off to a roaring start, as Sun Hung Kai Properties sold all of its 188 apartment units at the St Barths complex in Ma On Shan, setting price records for the neighbourhood. Among the sales was a five-room unit ... ( read original story ...)
Xiaomi could lead tech IPO rush in HK
The Hong Kong stock market is currently very much sought-after by technology companies, partly because of the reform of its IPO listing rules. The city’s exchange operator Hong Kong Exchanges and Clearing proposed two chapters of new existing listing ... ( read original story ...)
Open up Hong Kong’s rivers and drainage channels to revitalise city, expert says
Hong Kong authorities should consider allowing more public access to the city’s drainage channels at water level during certain times of the dry season, an international expert has suggested. Dr Nobuyuki Tsuchiya, secretary general of the Asian River ... ( read original story ...)
Crowds jostle for Hong Kong flats, no end in sight to housing boom
HONG KONG (REUTERS) - Hong Kong's red-hot property market kicked off 2018 with hundreds queuing to buy flats in the first major property launch of the year on Saturday (Jan 13), backing expectations strong demand will further lift record prices by 5 to 20 ... ( read original story ...)
Some dark clouds still linger over Hong Kong for Rainbow Action founder Tommy Chen
much has changed for Hong Kong’s small but significant LGBT population. “Discrimination against LGBT people was very serious, especially 20 years ago. In the news, there was no coverage of LGBT topics outside HIV and cruising in public toilets,” Chen ... ( read original story ...)
Why this Hong Kong lawmaker who fights for the disadvantaged wishes he had been a better father
Before he gave up his US citizenship to run for the Legislative Council in 2004 and winning a seat that year, Cheung decided to move back to Hong Kong with his family thinking they could benefit from a stronger family network to help share their burden of ... ( read original story ...)
Snowden’s ‘Guardian Angels’ Face Retaliation in Hong Kong
And that means, in 52 months. Almost 4 and a half years. Sputnik: This was damning news to Tibbo and Snowden’s refugees, who were facing harsh retaliation in Hong Kong, where their resources had been cut, and two of the children denied basic educational ... ( read original story ...)