Former Hong Kong leader Donald Tsang has denied charges of bribery related to a luxury penthouse in the Chinese city of Shenzhen. The 72-year-old pleaded not guilty to one count of "chief executive accepting an advantage" and another of misconduct in ... ( read original story ...)
Hong Kong’s Palace Museum: why we shouldn’t look a gift horse in the mouth
I think most of us know the answer to that question. Deep down, we also know the outcry over a Hong Kong version of the Palace Museum at the WKCD is fuelled not by the government bypassing a public consultation, but that it is being gifted by Beijing. ( read original story ...)
Hong Kong finance chief vows to boost consumption amid sales slump
The government plans to beef up local consumption this year to mitigate economic risks arising from global uncertainty at a time when the city’s retail slump is worsening. Acting Financial Secretary Professor Chan Ka-keung told a Legislative Council ... ( read original story ...)
Hong Kong former leader pleads not guilty over corruption
Hong Kong's former leader Donald Tsang, who ended his term in disgrace after accepting favours from tycoons, pleaded not guilty to bribery charges Tuesday at his high-profile corruption trial. Tsang, 72, held the leadership post of chief executive for ... ( read original story ...)
What can we expect in China in 2017?
As an example, it’s been very popular in 2016 to visit Hong Kong, buy single-premium life-insurance policies (with a value of up to $100 million!) using renminbi, and then use a variety of means to monetize the policy in US dollars. The credit-card ... ( read original story ...)
Hong Kong kept its post as top IPO capital in 2016
It’s been a tumultuous year for global equity markets. Asia’s financial center Hong Kong has been swayed by Brexit, Trump, and Fed rate decisions. The territory also faced domestic headwinds of slumping retail and an overheating property sector. ( read original story ...)
How Hong Kong topped the world in IPO funds raised in 2016
Hong Kong led the world in terms of amount of funds raised by initial public offerings (IPOs) in 2016 despite a substantial decline from 2015, leaving Shanghai and New York a distant second and third respectively, according to PwC. Total funds raised by ... ( read original story ...)
Singapore and Hong Kong gain ground as rising currency trading rivals to London
As a result Hong Kong and Singapore are rising challengers to London, according to the Bank of England’s quarterly bulletin, which studied data from the Bank of International Settlements. London hosted 37pc of global foreign exchange trading, down from ... ( read original story ...)
Hong Kong, China stock markets start 2017 on a high as manufacturing index hits four-year high
Positive economic data and new year’s spirit lifted both the Hong Kong and mainland markets as the first trading day of 2017 closed, but analysts warned more uncertainties lie ahead in the new year than in 2016. The Hang Seng Index (HSI) opened slightly ... ( read original story ...)
Shamed former leader of Hong Kong pleads not guilty to bribery at his high-profile corruption trial after quitting in disgrace for accepting favours from tycoons
In 2012 he apologised for separate allegations that he accepted inappropriate gifts from business friends in the form of trips on luxury yachts and private jets. The trial comes at a time when residents are losing faith in Hong Kong's leaders, as a string ... ( read original story ...)
China says Hong Kong must not be used to infiltrate or subvert mainland
China warned Hong Kong it would not tolerate anyone using the city to damage mainland stability, Beijing's top official in the city said, as concerns rise over an emerging independence movement. Tensions have flared in the semi-autonomous territory after ... ( read original story ...)
China warns Hong Kong it will not tolerate anyone using the city to damage the mainland's political stability amid emerging pro-independence movement
China has warned Hong Kong it will not tolerate anyone using the city to damage the mainland's stability, as concerns rise over an emerging pro-independence movement. Tensions have flared in the semi-autonomous territory after the ousting of two pro ... ( read original story ...)
Big guns but no bright lights is Hong Kong's IPO destiny
EVEN if it doesn’t get to host the IPO of Saudi oil giant Aramco, potentially the biggest float of all time, Hong Kong should still be able to maintain its billing as the world’s No. 1 venue for share sales next year. But with limited tech deals on the ... ( read original story ...)
Hong Kong New Year's Day pro-democracy protest draws crowds
Thousands of protesters have taken to the streets of Hong Kong, demanding full democracy. They accuse the government of cracking down on pro-democracy legislators - and say Beijing has interfered in Hong Kong's affairs by interpreting its local laws. ( read original story ...)