Chinese investment in U.S. property markets dropped 17% year-over-year to $4.7B ... Colliers noted growing opportunities for Asian investors to shift their spending to markets in China, Hong Kong, Singapore and India. Increased inflows of cash in the ... ( read original story ...)
Comelec chief denies owning Hong Kong bank account
Commission on Elections (Comelec) chairperson Andres Bautista on Monday refuted allegations that he maintains an overseas bank account amounting to nearly HK$1 million. Valued at $948,358.97, the money allegedly deposited with the Hong Kong Shanghai ... ( read original story ...)
Tencent continues to dominate Hong Kong market, with eight days to go before it reports interims
Hong Kong stocks ended the midday session higher on Tuesday, mainly lifted by gains in major companies including Tencent and Geely Auto, while the mainland bourses remained flat. The Hang Seng Index added 0.1 per cent to 27,722 by the lunchtime break ... ( read original story ...)
Anger mounts in Hong Kong over massive palm oil spill
Hong Kong (AFP) - Residents in Hong Kong desperately tried to clear the coastline of greasy lumps of palm oil Tuesday as it continues to wash ashore after a huge spillage at sea. Their efforts came as the government said around 1,000 tonnes of the ... ( read original story ...)
May mapupuntahan kami — Vicente on match vs Hong Kong
It’s a very important game for the Philippines especially if we want to enter the quarterfinals. So we need to win against Hong Kong -- PHI team head coach Francis Vicente Philippine national women’s volleyball team head coach Francis Vicente sees the ... ( read original story ...)
Burglar who bagged HK$900,000 worth of goods and cash in Hong Kong jailed for four years
A debt-laden and crowbar-wielding delivery man was jailed for four years and eight months on Tuesday for burgling nine homes across Hong Kong to steal almost HK$900,000 in cash, jewellery and electronics. Both the judge and the lawyers in the case said ... ( read original story ...)
Hong Kong opposition feeds on people’s inborn mistrust of Beijing
Public Eye can reveal that the Hong Kong government is in secret talks with the United States and Canada to have joint immigration clearance at the city’s airport. US and Canadian officials will be stationed in Chek Lap Kok to clear passengers for entry ... ( read original story ...)
Hong Kong’s Startup Scene: the Future of Mainland–Hong Kong Economic Cooperation
While Hong Kong’s startup ecosystem is relatively young, it has grown quickly in recent years. Many entrepreneurs are attracted by the city’s high rate of internet – particularly mobile – penetration, which has allowed for greater adoption of tech ... ( read original story ...)
Palm oil blobs cover Hong Kong beaches after sea crash
HONG KONG — Cleanup efforts are under way in Hong Kong after white blobs of congealed palm oil washed up on the city's shores following a collision between two ships. Authorities have closed more than a dozen beaches, including two on Tuesday ... ( read original story ...)
Hong Kong Market Enjoys Positive Lead
Among the actives, Tencent Holdings surge d 2.95 percent, while China Mobile picked up 0.30 percent, CITIC spiked 2.51 percent, BOC Hong Kong climbed 1.15 percent, New World Development dropped 1.12 percent, China Resources Land gained 0.62 percent ... ( read original story ...)
Tax incentives for Hong Kong SMEs will only create more jobs for government paper shufflers
Can you really imagine such an airline operating an international air travel business out of Hong Kong’s airport? Or imagine an SME bank. They used to have them in the United States, one town single-branch banks that advanced local savings to local farmers. ( read original story ...)
UnionPay ATM withdrawals to come under closer scrutiny in Hong Kong, as they are in Macau
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 ...)