In a sign that mortgage wars between banks are raging even amid the prospect of rising interest rates, HSBC Holdings Plc is offering to match low rates from rival lenders. Hong Kong’s largest mortgage lender is offering some clients a rate of Hibor plus ... ( read original story ...)
Hong Kong property developer offers free Teslas with luxury flats
A Hong Kong property developer is offering free Teslas to those who sign up to buy their luxury flats. K&K Property has announced that it will bestow the first five bidders for their four-bedroom apartments with either HK$500,000 (£48,179) cashback or ... ( read original story ...)
Hong Kong’s Rally Isn’t Done Yet, Technically Speaking: Gadfly
The 89-year-old should be prepared to hand out the cash. Sure, Hong Kong’s benchmark gauge closed above 30,000 on only one day last week, with the market being dragged down on Thursday by the worst stock rout in mainland China since June 2016. ( read original story ...)
Is Hong Kong’s property bubble finally ready to burst? Here are two things to watch
Stein’s Law, named after Herbert Stein, chief economic adviser to disgraced US president Richard Nixon, states that “if something cannot go on forever, it will stop”. Well, the nine-year run-up in Hong Kong housing prices cannot go on forever. ( read original story ...)
Hong Kong Fintech Unicorn WeLab Eyes Next Step – An IPO
One of Hong Kong’s unicorn startups, online lending startup WeLab, fresh from raising $220 million in funding last month, is considering its next mega move. Plans are afoot to go to the next stage of growth with preliminary steps for a public listing in ... ( read original story ...)
Ormsby wins, Cabrera Bello runner-up again in Hong Kong
HONG KONG (AP) — Australia's Wade Ormsby won the 2017 Hong Kong Open in dramatic fashion for his first European Tour win on Sunday. Ormsby was 12 under and two shots ahead heading into the last, but bogeyed the final hole to head into the clubhouse at 11 ... ( read original story ...)
Hong Kong tribunal fines HSBC’s private banking unit $51m
A Hong Kong legal tribunal yesterday imposed a fine worth HK$400m (about $51m) on the private banking unit of HSBC, related to the sale of Lehman Brothers-linked structured financial products between 2003 and 2008. Two years ago, Hong Kong’s Securities ... ( read original story ...)
Announcing our first API bank feed integration in Hong Kong with DBS
We’re super excited to announce our first API-driven online connection in Hong Kong with DBS. This integration marks the second such solution launched with DBS in the region following the announcement of our partnership with DBS in Singapore in March of ... ( read original story ...)
Hong Kong’s rival camps win one district council seat each in first by-elections since oath-taking saga
Hong Kong’s rival political camps won one district council seat each in Monday’s early hours, in the first electoral showdown between the pan-democrats and the pro-establishment bloc since six opposition lawmakers were disqualified from the Legislative ... ( read original story ...)
Hong Kong’s future lies in helping Chinese firms go global, official investment adviser says
Hong Kong’s economic future increasingly lies in being the springboard propelling mainland Chinese companies into the global arena, the associate director general of the government’s investment promotion body has said. With China’s “belt and road ... ( read original story ...)
Tales from Beijing and Hong Kong show challenge of fighting poverty, especially among working poor
About 2,000km away, in the heart of Hong Kong, a similar story unfolds each morning. A hunchbacked 89-year-old woman goes from shop to shop in Causeway Bay, hauling piles of used cardboard that she can sell later. It is her only source of income. ( read original story ...)
Golf: Ormsby charges to first European Tour title in Hong Kong
HONG KONG (Reuters) - Australian Wade Ormsby won his maiden European Tour title with a two-under-par 68 in the final round of the Hong Kong Open on Sunday after Rafa Cabrera-Bello bogeyed the 18th to blow his chance of forcing a playoff. Cabrera-Bello was ... ( read original story ...)
Hong Kong youngsters win Golden Horse award for short film about gay rights activist
Three Hong Kong youngsters have won the Best Animated Short Film prize at the 2017 Golden Horse Awards for a 465-second story voicing the struggles suffered by sexual minorities. Shek Ka-chun, Wong Chun-long and Wong Tsz-ying received the honour at a prize ... ( read original story ...)
Golfer Chawrasia holds one-shot lead at Hong Kong Open
Hong Kong, Nov 25 (IANS) Indian golfer S.S.P Chawrasia held a slender one-shot advantage after carding a one-under-par 69 in the third round of the $2 million UBS Hong Kong Open at the Hong Kong Golf Club here on Saturday. Chawrasia, a six-time winner on ... ( read original story ...)