China’s Ping An Insurance has acquired a 5% stake in HSBC Holdings, becoming the second-biggest shareholder of Europe’s largest bank, according to the insurer’s regulatory filing on Wednesday. Ping An’s filing to the Hong Kong Stock Exchange ... ( read original story ...)
Hong Kong slips to third place in reading literacy ranking, behind Russia and Singapore
Hong Kong has slipped to third place in an international reading literacy ranking, after being overtaken by Russia and Singapore. In the Progress in International Reading Literacy Study (PIRLS) 2016, released this week, the city was ranked third ... ( read original story ...)
FamilyMart Uny Mulls Sale of Hong Kong Retail Business
FamilyMart Uny Holdings Co., Japan’s second-largest convenience store operator, is considering a sale of its Hong Kong retail business, people with knowledge of the matter said. FamilyMart Uny is working with a financial adviser to gauge potential buyer ... ( read original story ...)
Indonesian maid in Hong Kong charged with child pornography
These are external links and will open in a new window An Indonesian domestic worker in Hong Kong has been charged with publishing child pornography after streaming a video of her employer's children naked. The 17-minute clip showed a girl and two boys ... ( read original story ...)
Teaching Chinese in Mandarin blamed as Hong Kong pupils struggle with higher level reading skills
High-level Chinese reading skills among Hong Kong pupils have got worse, while more basic skills have improved, a new international literacy study has found. Experts believed the drop in standards in skills such as interpreting, integrating, and evaluating ... ( read original story ...)
More than 350 Global Business Leaders Meet in Hong Kong
Start-ups, e-tailing and Chinese mainland opportunities on Forum agenda HONG KONG, Dec 5, 2017-(ACN Newswire)-Asia's newest business opportunities are in focus at the 18th Hong Kong Forum which opened today at the Hong Kong Convention and Exhibition Centre. ( read original story ...)
Hong Kong slips to third place in reading literacy ranking, overtaken by Russia and Singapore
Hong Kong has slipped to third place in an international reading literacy ranking, after being overtaken by Russia and Singapore. Academics involved in the research warned of the effects of the city’s pupils plateauing in their performance. They urged ... ( read original story ...)
Hong Kong’s premium office space ranked world’s most expensive
HONG KONG (Reuters) - Hong Kong’s premium office space has topped the charts as the world’s most expensive for the second consecutive year, outpacing prices in No. 2 Midtown New York by 66 percent, according to property consultancy JLL. Offices at the ... ( read original story ...)
Hong Kong set to lose global IPO crown to New York and Shanghai as fundraising halves
Hong Kong is on track to lose its much-coveted crown as the world’s top initial public offering (IPO) market as the year draws to a close, with latest figures showing total funds raised here have dropped 48 per cent compared with 12 months ago, leaving ... ( read original story ...)
Showing naked images of children ‘not a big problem’ in Indonesia, top envoy in Hong Kong says amid footage row
Showing pictures or videos of naked children showering is “not a big problem” in Indonesia, the country’s top envoy in Hong Kong said, blaming “cultural difference” for the arrest of an Indonesian domestic worker who live-streamed footage of her ... ( read original story ...)
Hong Kong-based Johnson Electric to spend $350M, create 326 jobs in Ontario, Wynne says
HONG KONG—Ontario Premier Kathleen Wynne says Johnson Electric will invest more than $350 million in new equipment and capacity in Ontario, which she says is expected to create 326 new jobs. Wynne, who is on a trade mission to China and Vietnam ... ( read original story ...)
Task force urges Hong Kong to use caution when eyeing country park land for development
Developing Hong Kong’s protected country parks for housing will have to meet a “very high” threshold, an advisory committee warned on Tuesday, urging the government to “proceed with caution”. The government-appointed Task Force on Land Supply ... ( read original story ...)
Hong Kong start-up set to offer navigation, signage translation app to mainland airports
China’s massive investment in airports is opening up opportunities for companies like Hong Kong’s Cherrypicks that offer navigation services to help travellers find their way around the cavernous hubs. Founded in 2000 by Jason Chiu, Cherrypicks will ... ( read original story ...)
Hong Kong migrant worker group calls for more training after helper is arrested for video of children in shower
A migrant worker group has called for more training and better guidelines to help overseas domestic workers understand the cultural differences between their home countries and Hong Kong, after a helper was arrested for live streaming herself giving ... ( read original story ...)