Asia’s banking brain drain continues as a tech firm poaches a leading financial professional. https://news.efinancialcareers.com/hk-en/299072/hong-kong-bankers-alibaba/ It’s happened again: another senior banking professional has quit the finance ... ( read original story ...)
Huaxia Life expands holding in China Minsheng Bank to 4.13pc
Huaxia Life Insurance, controlled by troubled mainland tycoon Xiao Jianhua, has increased its stake in China Minsheng Banking Corp, it said in a filing to the Hong Kong stock exchange. The insurer said it bought 130.8 million A shares of Minsheng Bank in ... ( read original story ...)
Hong Kong public consultation seeks views on major container terminal redevelopment
Would you live in a flat in Hong Kong with panoramic sea views, but have your home built on a 80-metre high podium above one of the world’s busiest container terminals? Hong Kong residents will be asked in a public consultation next March if they would ... ( read original story ...)
China pushes Hong Kong not to ‘shirk duty’ to enact contentious security law
HONG KONG (Reuters) - A Chinese official admonished Hong Kong on Thursday for failing to introduce a national security law, ramping up pressure on the former British colony to enact the contentious Article 23 that critics say will further choke its freedoms. ( read original story ...)
Hong Kong stocks gain ground as Tencent hits all-time high, insurers rally
Wharf Holdings slid 2.2 per cent to HK$26.90, taking its losses so far this week to 7.8 per cent, after its decision to spin off and list its Hong Kong investment properties. Before the price adjustment from the business split, Wharf closed at HK$73 per ... ( read original story ...)
Tencent-backed Yixin, Hong Kong’s 10th hottest IPO, disappoints in debut
Shares of Yixin Group, China’s biggest online car retailer, had surrendered most of their early gains by Thursday’s close in Hong Kong, disappointing market watchers who had anticipated a blockbuster debut. The company, which is backed by Tencent and ... ( read original story ...)
Hong Kong’s controversial connection with Zimbabwe’s first couple, Robert and ‘Gucci Grace’ Mugabe
Undoubtedly the most notorious Hong Kong incident involved an act of naked violence ... New Territories, made the news. The three-storey upmarket villa at JC Castle along Shan Tong Road was reportedly bought under the name of Hsieh Ping-sung for HK$ ... ( read original story ...)
Hong Kong, Singapore key centres of trafficking ring sending thousands of Filipino helpers to Russia
Hong Kong has been a top breeding ground for job recruitment frauds as thousands of Filipino domestic helpers in the city have been trafficked to countries like Russia, Brazil and Turkey for bogus jobs, a senior Philippine official told the Post on Wednesday. ( read original story ...)
Hong Kong’s investment interests in the UK undaunted by Brexit, says official
Hong Kong companies and individuals are still investing in the UK, particularly in British property despite the uncertainty in the country’s prospects in the short and long term. Sajid Javid, the UK’s Secretary of State for Communities and Local ... ( read original story ...)
Hong Kong still has plenty of wasted space to solve its housing woes
It is as simple as that. – Nelson Wong, vice-chairman, Business and Professionals Federation of Hong Kong, in SCMP’s “Letters to the editor”, November 15, 2017 He is absolutely right about the crowding. It is an embarrassment for Hong Kong that in ... ( read original story ...)
Lawmakers finally back Hong Kong government’s push for joint railway checkpoint with mainland
Lawmakers finally gave a symbolic green light to the government on Wednesday to get moving on a politically contentious joint checkpoint on the Hong Kong side of the cross-border railway to Guangzhou, as filibustering opposition members exhausted all their ... ( read original story ...)
Hong Kong’s largest bus company says it plans to launch HK$800 monthly pass in early 2018
Hong Kong’s largest franchised bus operator said on Wednesday it planned to launch its highly anticipated HK$800 monthly pass early next year for all passengers. The Transport Department approved KMB’s application for the offering last month and was ... ( read original story ...)
Thousands of Hong Kong’s Filipino workers fall victim to overseas recruitment fraud, official warns
Hong Kong has been a top breeding ground for job recruitment fraud as thousands of Filipino domestic helpers in the city have been trafficked to countries like Russia, Brazil and Turkey for bogus jobs, a senior Philippine official told the Post on Wednesday. ( read original story ...)
Hong Kong judicial independence is safe, former judge Henry Litton says
A former top Hong Kong judge said on Wednesday he did “not see any threat to judicial independence” amid concerns in the city and abroad regarding the jailing of three prominent political activists in the city. Former Court of Final Appeal judge Henry ... ( read original story ...)