US start-up Hush Home announced today (February 12) it has opened its office in Hong Kong, using the city as a regional base to market its affordable high-grade mattresses, pillows and other bedding products. Hush Home designs and tests its products in San ... ( read original story ...)
Hang Seng Bank : Launches One-Year Fixed-Rate Mortgage Promotion
Hang Seng Bank today launched a one-year fixed-rate mortgage promotion that offers a one-year fixed mortgage rate of 1.68% per annum. The subsequent mortgage rate will be the Hong Kong InterBank Offered Rate (HIBOR) plus 1.3% per annum, capped at Prime ... ( read original story ...)
To fill flu vaccine shortage, Hong Kong officials consider doses meant for southern hemisphere
Hong Kong health officials could introduce flu vaccines intended for the southern hemisphere in light of the city’s flu vaccine shortage this year, with private doctors saying they had no more of the immunity-fighting substance for their patients. ( read original story ...)
Hong Kong bus passengers furious with driver moments after deadly crash, witness claims
Raging tempers flared against the driver behind the wheel of a Hong Kong bus moments after a deadly crash that killed 19 people at the weekend, according to an eyewitness. Speaking on a radio programme on Monday, a passenger surnamed Yau recalled how he ... ( read original story ...)
Bus driver charged over fatal crash as Hong Kong cancels Lunar New Year fireworks
Hong Kong’s Lunar New Year fireworks set for this Saturday have been called off out of respect for the victims of the city’s deadliest traffic accident in more than a decade, as the driver was on Monday night charged with causing death by dangerous ... ( read original story ...)
Hong Kong woos Indian investment in financial services, ICT
Investment from India in Hong Kong reached HK dollar 12.5 billion at the end 2016, an increase of about 17 per cent year-on-year. NEW DELHI: Seeking investments from India, Invest Hong Kong today said sectors such as financial services, tourism and ICT ... ( read original story ...)
Hong Kong government’s problem is not deficits but structural surplus, say economists
Hong Kong is set to reap a bumper budget surplus this year as experts warn of a structural surplus problem, with HK$120 billion already in the bag and the final figure likely to be just shy of HK$160 billion by the end of March, according to figures ... ( read original story ...)
Foxconn to use proceeds from unit’s Shanghai IPO to fund $4 billion projects
HONG KONG (Reuters) - Taiwan's Foxconn ... China International Capital Corporation is the sponsor and lead underwriter for the IPO. FII made a net profit of 16.2 billion yuan in 2017, according to the filing, representing a compounded annual growth ... ( read original story ...)
OneForce To Raise Up To $11.8 Million In Hong Kong IPO
HONG KONG (Feb 12) -- China's OneForce Holdings on Monday said it expects to raise up to HK$92.2 million ($11.8 million) in gross proceeds from an initial public offering in Hong Kong. The electric power industry-focused information technology service ... ( read original story ...)
Hong Kong lawmakers primed for showdown over joint checkpoint plan as 60 of 64 Legco members sign up for key committee
Legislators across Hong Kong’s political spectrum were preparing for a showdown over a controversial joint checkpoint plan for a high-speed cross-border rail link, with almost all lawmakers vying for a seat on the bills committee that will start ... ( read original story ...)
After retiring from HSBC Group, CEO Stuart Gulliver plans a three-month sailing trip
Later this month, HSBC Group CEO Stuart Gulliver will step down from his role ... “In truth, I will retire in HK (Hong Kong) at about 80,” Gulliver said in response. Is that a clue to what’s next? ( read original story ...)
Anson Chan slams Hong Kong’s ‘naked political screening’ as she receives US justice prize
The recent election ban on young Hong Kong activist Agnes Chow Ting is no different from “naked political screening of a pro-democracy candidate”, the city’s former No 2 official said on Sunday as she urged the international community to speak out ... ( read original story ...)
How free is Hong Kong?
Anything that causes people to worry about their health or security is bad news for Hong Kong, given its status as a tourism and business magnet. Confidence is critical in the former British colony, which prides itself on its reputation as one of the most ... ( read original story ...)
Why Hong Kong investors are turning to the US to trade bitcoin futures
A growing number of Hong Kong investors are turning to the US market for trading bitcoin futures because they see it as safer than trading on Hong Kong’s unregulated cryptocurrency exchanges, according to brokers. In the US, bitcoin futures were launched ... ( read original story ...)