Thousands of local residents and tourists flocked to an outlying island in Hong Kong on Tuesday to celebrate a local bun festival despite the recording-breaking heat. Contestants took part in a bun-scrambling competition, where they raced up a 14-metre (46 ... ( read original story ...)
Manager at Hong Kong finance firm loses HK$14 million to man she never met in eight-year online love scam
A financial professional has become Hong Kong’s biggest victim of internet romance scams, losing HK$14 million (US$1.8 million) to a con artist she had an online relationship with for eight years, police sources revealed, amid a surge in such cases this ... ( read original story ...)
Hong Kong finance manager lost £1.3m to ‘British film director’ she never met in eight year romance con
A con artist who pretended to be a British film director has reportedly duped a Hong Kong woman out of HK$14 million (£1.3 million) in the city's biggest ever online romance scam. The victim of the eight year-long fraud was a manager at a Hong Kong ... ( read original story ...)
Hong Kong banks trying (but often failing) to hire from Google and Alibaba
Finance-sector experience is no longer a must-have for getting a technology job at a large bank in Hong Kong. This year, banks are increasingly trying to poach tech professionals from outside the finance sector, according to 13 senior in-house recruiters ... ( read original story ...)
Chinese banks up the ante to lure millionaire clients from overseas private investment houses
A growing number of well-off Chinese are choosing to invest their wealth offshore, according to a latest McKinsey report ... and strengthen their private-banking teams in cities such as Hong Kong, Singapore, London and Zurich, to fight for a larger ... ( read original story ...)
Google, Tik Tok and why Hong Kong parents are to blame for children risking their safety online
An increasing number of Hong Kong children, it was reported, are becoming addicted to an iPhone app that risks violating their privacy and making them vulnerable to predators. Tik Tok, launched in September 2016, is a music video platform and social ... ( read original story ...)
I ate at Hong Kong’s ‘cafeteria for the wealthy,’ where the city’s rich and famous hobnob over flawless Cantonese food
For more than half a century, Hong Kong has been a city where the world's wealthy come to play, do hundred-million-dollar business deals, and wine and dine. Perhaps no restaurant in Hong Kong is more synonymous with wealth than Cantonese eatery Fook Lam ... ( read original story ...)
Hong Kong fashion brand Giordano removes sexist ad after social media backlash
Hong Kong fashion brand Giordano has been forced to remove what has been described as a “sexist” advertising campaign for a new clothing line after mounting public outcry on social media. The “Team Family Series” advert shows a family posing ... ( read original story ...)
Hong Kong high-speed rail link hit by another setback as water leaks into signalling system
The trial run of Hong Kong’s HK$84.4 billion cross-border high-speed rail link has run into its second glitch in less than two months. A section of its signalling system was affected by underground water leaks, something rail operator MTR Corporation ... ( read original story ...)
Is banks’ deposits race the first sign of Hong Kong’s property bubble bursting?
HSBC, Bank of China Hong Kong (BOC HK), Citi and many others have started offering rates as high as 2.7 per cent to lure deposits. Some analysts now believe zero rates for smaller depositors could soon become a thing of the past, at least for the ... ( read original story ...)
Why Hong Kong privacy watchdog has all but given up on investigating data breach complaints
Hong Kong’s privacy watchdog has all but stopped formally investigating data breach complaints with the number of cases plunging from more than 100 in 2014 to just one last year, a Post analysis shows. Privacy Commissioner Stephen Wong Kai-yi conceded ... ( read original story ...)
First look at Hong Kong police’s anti-riot vehicle with water cannons as shipment from France arrives
The first of three anti-riot vehicles armed with water cannons arrived in Hong Kong on Tuesday morning as exclusive pictures taken by the Post revealed the shipment from France at Kwai Tsing Container Terminals. The Mercedes-Benz vehicle, designed for ... ( read original story ...)
As bitcoin world wobbles, mining rig company plans $2 billion IPO
But the effects of bitcoin’s volatility and rising mining costs can be seen in the shops of Sham Shui Po, just a few kilometres from Hong Kong’s central business district, where the IPO has been filed. Businesses selling mining rigs there said demand ... ( read original story ...)
Stop Hong Kong’s shipping industry exodus to Singapore by spending reserves on loans and cutting profits tax, advisers say
Hong Kong should cut profits tax by half and provide loans for vessel owners and supporting professionals to lure shipping business back from regional rival Singapore, a task force set up by the government says. In a 34-page report released on Monday ... ( read original story ...)