Hong Kong’s Hang Seng Index closed Monday at its best level in two weeks ... the issue as it has been the market focus for about two months.” China Construction Bank, Bank of China, and ICBC all jumped more than 3 per cent, closing at HK$6.25, HK$ ... ( read original story ...)
Cities full to bursting: From £400-a-month 'coffin apartments' in Hong Kong to one-room-families in LA, the tiniest living spaces in the world revealed
And for many of its most condensed cities, it's the poorest who must bear the brunt of a worsening battle for space. In Hong Kong, where the cost of property has more than doubled since 2012, some are forced to live in spaces ominously referred to as 'cage ... ( read original story ...)
Hong Kong shopping malls hope more arts events will boost business
In a bid to attract more local customers, Hong Kong’s shopping malls have pledged to boost their arts programmes, despite the recent downturn in the city’s retail sector. Some of the city’s biggest malls are competing during Hong Kong Arts Month and ... ( read original story ...)
The tiniest living spaces in the world: From £400-a-month 'coffin apartments' in Hong Kong to one-room-families in LA, how cities are now full to bursting
In Seoul, South Korea, 73-year-old divorcee Kong Kyung-soon lives in an apartment measuring six square feet Hong Kong prices are so high that for some, cramped wire cages and 'coffin apartments' are the only option Simon Wong, an unemployed 61-year-old ... ( read original story ...)
Hong Kong’s slow economic growth and political divisions were beyond Beijing’s expectations, academics say
Hong Kong’s slow economic growth and acute political divisions since the 1997 handover “went beyond Beijing’s expectations”, and state leaders were “anxious” about the city’s diminishing financial role, a scholar and adviser to the central ... ( read original story ...)
Hong Kong judge scolds lawyers after assault victim is left to stress over testifying against attacker
A judge on Monday chided lawyers for not doing enough to ease pressure on a young sexual assault victim who was left wondering if she had to testify against her attacker in court. It came as judge Johnny Chan Jong-herng sentenced a father of six to 26 ... ( read original story ...)
HK leader given role in China's top political advisory body
BEIJING — China's top political advisory body voted Monday to appoint Hong Kong Chief Executive Leung Chun-ying to the ceremonial post of vice chairman, ahead of his departure from office in July. Leung announced in December that he wouldn't seek a ... ( read original story ...)
Hong Kong’s leader elected to top post of China’s advisory body
he has been firm in stance and resolute in action, effectively safeguarding national sovereignty, security and development interests, as well as Hong Kong’s overall interests, Choi was quoted as saying by state-run Xinhua news agency. ( read original story ...)
Ultra-rich in mainland, HK love property
Visitors take photos at the Kowloon waterfront facing Victoria Harbor that overlooks prime property of Hong Kong. Ultra-rich people grew in Chinese mainland and Hong Kong in 2016. [Photo/Agencies] The Chinese mainland and Hong Kong saw strong growth in ... ( read original story ...)
The shadow looming over Hong Kong’s pumped up asset prices
Because of its “currency board” exchange rate link to the US dollar, Hong Kong automatically imports US monetary policy. So when the US Federal Reserve initiated its “quantitative easing” (QE) policy in the depths of the financial crisis in 2008 ... ( read original story ...)
Hang Seng Rises As Goldman Turns Bullish On China’s Banks
The Hang Seng ... Agricultural Bank of China has the shortest asset duration, which means it can roll over its short-term assets and invest at higher interest rates. Goldman also likes ICBC and Postal Savings Bank of China (1658.Hong Kong). ( read original story ...)
Hong Kong Regulator Probes CCB International's IPO Work
Hong Kong’s securities regulator is investigating CCB International Holdings Ltd., the No. 2 underwriter of initial public offerings in the city last year, for its role advising a Chinese seafood supplier on now-scrapped listing plans, according to ... ( read original story ...)
Hong Kong Uber drivers found guilty of illegal car hire, latest blow to firm
HONG KONG A Hong Kong court on Friday found five Uber drivers guilty ... scrutiny as well as fierce local competition in a number of markets. It sold its China business to local rival Didi Chuxing in August 2016 after an intense two-year battle when ... ( read original story ...)
HSBC breaks with tradition, names AIA boss Tucker as chairman
HONG KONG/LONDON HSBC Holdings Plc (HSBA.L), Europe's biggest bank, tapped an outsider for its top job on Monday, appointing insurance veteran and AIA Group boss Mark Tucker as chairman to replace Douglas Flint, who said last year he planned to step down ... ( read original story ...)