Hong Kong’s financial secretary said on Tuesday that he wanted researchers from the city who go to the mainland to develop new technology to be exempted from paying tax there. But Paul Chan Mo-po admitted that the response to that idea in Beijing had ... ( read original story ...)
HSBC Private Bank fined record HK$400m, as appeals tribunal concludes earlier SFC sanction ‘was correct’
HSBC Private Bank (Suisse) has been fined a record HK$400 million (US$51.2 million) by the Securities and Futures Commission, after losing its appeal against a 2015 ruling for misconduct relating to the sale of structured products linked to Lehman Brothers. ( read original story ...)
US arrests ex-Hong Kong and Senegal officials in bribery case
These are external links and will open in a new window US authorities have arrested a former home secretary of Hong Kong and Senegal's ex-foreign ... the Ugandan foreign minister at the time to secure business advantages for the Chinese firm. ( read original story ...)
Hong Kong tribunal fines HSBC private bank $51 million for Lehman-linked products
HONG KONG (Reuters) - A Hong Kong tribunal on Tuesday imposed a fine of HK$400 million ($51 million) on the private banking unit of HSBC (HSBA.L) in a case related to the sale of Lehman Brothers-linked structured financial products between 2003 and 2008. ( read original story ...)
HSBC Has Fine Over Lehman Products Reduced in Hong Kong
SFC originally imposed HK$605 million penalty on HSBC HSBC Holdings Plc’s private-banking unit was fined HK$400 million ($51 million) over sales of structured products linked to Lehman Brothers Holdings Inc. in Hong Kong, a smaller penalty than the city ... ( read original story ...)
Phones for urns: Hong Kong turns to virtual reality to honor ancestors
HONG KONG (Reuters) - A lack of space for cemeteries in crowded Hong Kong clashes with the age-old Chinese tradition of reverence for one’s ancestors. But one entrepreneur uses virtual reality software to reconcile the two, allowing people to honor ... ( read original story ...)
Jail likely for Hong Kong man guilty of abandoning special needs son in Singapore
A Hong Kong man with financial woes who brought his deaf-mute and mentally disabled son to Singapore and abandoned him there in 2014 – believing he would be better cared for in the city state – admitted his guilt in court on Tuesday. Construction ... ( read original story ...)
Hong Kong jockeys raids restricted but allowed to ride in the Sydney carnival
The Sydney carnival may be the only chance for punters to see stars of the saddle Joao Moreira, Tommy Berry, Zac Purton and Nash Rawiller ride in Australia next year after a ruling from Hong Kong Jockey Club on Monday. Tougher rules: Joao Moreira and ... ( read original story ...)
Here’s what you should consider when conducting business meetings in Hong Kong
In the heart of Hong Kong’s dynamic world famous Victoria harbor sits a world of elegance, where no luxury is out of reach. Grand Hyatt Hong Kong redefines hotel luxury and offers facilities and amenities to meet your every need. You can watch ... ( read original story ...)
Hong Kong pupils among world’s best group problem-solvers (but Singapore tops the chart)
Hong Kong secondary school pupils placed third in a worldwide ranking on collaborative problem-solving skills, according to results announced on Tuesday. The city came behind Singapore and Japan in the latest Programme for International Student Assessment ... ( read original story ...)
Hong Kong boy, 2, dies after pneumococcal infection in third such fatality this year
A two-year-old boy died on Thursday after suffering from a pneumococcal infection, in the third such fatality involving children this year. The patient, who had a record of good health and had received pneumococcal vaccines, developed a fever, cough and ... ( read original story ...)
Briefing lined up for senior Hong Kong officials on Xi Jinping’s Communist Party congress report
The Hong Kong government has invited a mainland delegation to brief its senior officials on Chinese President Xi Jinping’s report to the Communist Party congress last month, the city’s leader confirmed on Tuesday. The delegation, tasked by Beijing with ... ( read original story ...)
Hong Kong stocks set for longest winning streak in five weeks as financial companies make gains
Hong Kong stocks rose for a fourth day on Tuesday and were on course for their longest winning streak in five weeks, as financial companies advanced. The Hang Seng Index gained 0.8 per cent, or 246.66 points, to 29,506.97 in morning trading. The Hang Seng ... ( read original story ...)
As Hong Kong lags behind competitors, vocational education needs a boost
Hong Kong came in joint-25th with New Zealand and Sweden, beating larger countries like the US and Spain, with the delegation taking home one bronze medal and seven medallions of excellence, which meant the participants achieved above-average scores in ... ( read original story ...)