The Hong Kong X Technology Fund today announced its first round of investments into seven Hong Kong-based tech companies as part of its accelerator program. Several of the chosen startups will move into the fund’s X-LAB co-working space in Hong Kong ... ( read original story ...)
Hong Kong’s developers see ever-shrinking flats as elixir to city’s housing crisis
Hong Kong’s middle class has been economically transformed from the “sandwich class” into the “coffin class.” Those looking for property salvation through a big crash, due to a rise in interest rates, can kiss their impossible dream goodbye. ( read original story ...)
Hong Kong under the spotlight in Australian money laundering case
Hong Kong has once again been named in global investigations into breaches of anti-money laundering rules at an international bank. Australia’s financial watchdog, Austrac has filed a case against Commonwealth Bank of Australia (CBA) – one of the ... ( read original story ...)
Hong Kong’s Property Shadow Leaves Singapore Developers Ahead
Hong Kong’s property stocks are cheaper than Singapore’s, although not cheap enough to account for the risk that the world’s least affordable city could have a housing crash. That’s according to analysts and money managers from Nomura Holdings Inc ... ( read original story ...)
Hong Kong cobbler puts heart and sole into repairing shoes on his trusted 25-year-old machine
Hong Kong cobbler Wong Yun-keung has been repairing shoes in the ... before eventually setting up his own business and employing his own staff. With a stall close to Landmark luxury shopping mall, home to over a hundred designer brands, he often handles ... ( read original story ...)
Citi has just hired one of HSBC’s top Hong Kong investment bankers
Citi has recruited an HSBC veteran to lead one of its key investment banking teams in Hong Kong. http://news.efinancialcareers.com/hk-en/291108/local-banks-hong-kong-jobs/ Veteran HSBC banker William Tang has moved to Citi as its new head of Asia consumer ... ( read original story ...)
Hong Kong activist ‘abducted by Chinese agents’
Lee Cheuk-yan, a former lawmaker who took Mr Lam to hospital, told BBC News that this was a very strange case, with an unclear motive. "Either they are trying to warn off the people of Hong Kong, or they are trying to make trouble," he said. He admitted ... ( read original story ...)
Hong Kong exchange blocks Morgan Stanley, Li Ka-shing-backed IPO
The Hong Kong stock exchange has blocked an initial public offering by a financial services group backed by Morgan Stanley and Li Ka-shing because the Chinese state-owned brokers sponsoring the IPO filed a “substantially incomplete” prospectus. ( read original story ...)
Hong Kong raises 2017 growth outlook after solid Q2
Govt revises up full-year GDP to 3-4 pct from 2-3 pct * HK private consumption expenditure expands 5.3 pct y/y By Anne Marie Roantree and Donny Kwok HONG KONG, Aug 11 (Reuters) - Hong Kong raised its growth outlook for 2017 after a surprisingly strong ... ( read original story ...)
Geoswift, UnionPay International and Western Union Business Solutions offer Tuition Payment Promotion for International Chinese Students
HONG KONG, Aug. 11, 2017 /CNW/ -- Geoswift, Western Union Business Solutions (a subsidiary of The Western Union Company) and UnionPay International have announced the latest joint tuition payment promotion available to Chinese students studying in the ... ( read original story ...)
Hong Kong shares suffer worst week in 2017 on North Korea jitters
HONG KONG: Hong Kong shares fell 2 percent on Friday, dragged down by a sell-off in internet-related shares and fears over the impact of rising tensions between the United States and North Korea. The Hang Seng index fell 2.0 percent, to 26,883.51 ... ( read original story ...)
Hong Kong investors rush for exit in biggest stock rout of 2017
HONG KONG: Stocks in Hong Kong headed for their biggest weekly slide of 2017 and volatility surged as U.S. President Donald Trump stepped up pressure on North Korea. The Hang Seng Index fell for a third straight day for the first time since June and was in ... ( read original story ...)
Hong Kong stocks tumble as US-North Korea tension heats up
Hong Kong stocks fell as the market opened on Friday after an escalation in tensions between the US and North Korea caused a slump on Wall Street overnight. The Hang Seng Index shed 1.3 per cent, or 351 points, to 27,092.4 as trading got under way ... ( read original story ...)
Hong Kong democracy activist says he was abducted by Chinese agents and stapled in the legs after Lionel Messi signed a photo for him
Howard Lam at the Hong Kong press conference in a Barcelona shirt. News01/Facebook Howard Lam, a member of Hong Kong’s Democratic Party, says he was abducted by two Chinese agents while on a shopping trip in Hong Kong. He had on him a signed photo of ... ( read original story ...)