said ING Bank NV’s economist Iris Pang. “This is obviously to deter capital outflow from individuals using ATMs,” Pang said in Hong Kong. “This signals that the State Administration of Foreign Exchanges (SAFE) is still wary of capital outflow ... ( read original story ...)
Hong Kong Housing Burden Grows Even Heavier as Home Prices Soar
Living in the world’s most-expensive property market means having to set aside more than half your income as mortgage payments. Hong Kong’s mortgage-payment-to-income ratio rose to 54.2 percent in June, the highest since 1998, figures from Centaline ... ( read original story ...)
Hong Kong shares boosted by techs, China financials and resource plays
SHANGHAI, Aug 7 (Reuters) - Hong Kong stocks posted modest gains on Monday, buoyed by strength in technology firms as well as Chinese resource and financial shares. The Hang Seng index ended up 0.5 percent at 27,690.36 points, while the China Enterprises ... ( read original story ...)
Who are the big hitters in e-sports? Meet the top players and the most influential figures globally and in Hong Kong
Yeh was a top player in his youth, and then went on to organisations such as Goldman Sachs, McKinsey and the World Economic Forum ... and an organiser at RETRO.HK Gaming Expo and RETROCUP. The two are Hong Kong’s first and only expo and e-sport ... ( read original story ...)
Who are the big hitters in e-sports? Meet the top players and the most influential figures in the industry
Yeh was a top player in his youth, and then went on to organisations such as Goldman Sachs, McKinsey and the World Economic Forum ... and an organiser at RETRO.HK Gaming Expo and RETROCUP. The two are Hong Kong’s first and only expo and e-sport ... ( read original story ...)
Banks set for brighter second half
China has 37 banks listed in Shanghai, Shenzhen and Hong Kong. They will start to release financial results ... an analyst with Bank of Qingdao. A recent report by McKinsey & Company said the retail banking sector in China needs to improve efficiency ... ( read original story ...)
Hong Kong Startup Launches Blockchain Cryptocurrency for Shipping Security
Hong Kong startup created cryptocurrency for container shipping. 300cubits says the TEU will be tradable on cryptocurrency exchanges globally. TEU tokens will be used as booking deposits for container shipping. A Hong Kong startup aims to fundamentally ... ( read original story ...)
Hong Kong top ‘mobile-first’ market in news consumption – Reuters study
Hong Kong is the “most mobile” market when it comes to news consumption, a Reuters Institute study has shown, with a 36 percentage point difference between those using smartphones and computers as their main news source. The study also found that 31 ... ( read original story ...)
Hong Kong MTR to launch independent probe into 10-hour service disruption
Earlier on Sunday, MTR engineer Wong Yuen-wood, also chairman of the Hong Kong Railway Professionals Union, claimed he learned the three computer systems that controlled the “interlocking” had broken down around the same time. In railway signalling ... ( read original story ...)
Top-notch Hong Kong cancer centre to provide advanced and timely treatments for patients
Cancer patients in Hong Kong will receive more advanced and timely treatments once the city’s first cancer centre begins operations in eight years, the head of the billion-dollar project has said. “In future, patients can benefit from laboratory ... ( read original story ...)
Palm oil spill in Hong Kong prompts closure of 10 popular beaches
HONG KONG – Ten beaches typically packed on a hot weekend were closed in Hong Kong on Sunday due to a palm oil spillage from a ship collision in mainland Chinese waters. Photographs showed styrofoam-like clumps lining the shores, while the waters at a ... ( read original story ...)
Targeting Singapore’s property market, Chinese developers leave a trail of unease
The highest and winning bid was a record S$1.002 billion, lodged by a consortium of two Chinese developers, Logan Property and the Nanshan Group. The winning bid by Logan, which is listed in Hong Kong, was higher than the second bid made by Hong Kong’s ... ( read original story ...)
Shine light on high management fees
Hong Kong’s skyrocketing property prices are getting a lot of people hot under the collar. No less frustrating are the management fees, payable by either the landlord or the tenant. The amounts charged by some new housing projects can be so high that ... ( read original story ...)
Agile Group Plans to Issue U.S. Dollar-Denominated Bonds
Property developer Agile Group Holdings Ltd. (AGPYF) said Monday it plans to issue U.S. dollar-denominated bonds and will use the net proceeds to refinance part of the 2014 U.S. dollar-denominated notes. The Hong Kong-listed developer said completion of ... ( read original story ...)