For Hong Kong to build more successful startups on a global scale, local entrepreneurs need to keep thinking bigger. I spoke with several founders who have managed to expand their startups outside of Hong Kong to see if they were doing anything differently. ( read original story ...)
Hong Kong stocks trade higher at mid-morning
Hong Kong stocks kicked off the first trading day of the second quarter on a positive note on Monday, notching modest gains and shaking off a weaker session for US stocks on Friday while mainland markets are closed for holidays. The Hang Seng Index rose 0 ... ( read original story ...)
Job cuts rumoured at Hang Seng Bank
After HSBC slashed 120 IT jobs last Monday, its subsidiary Hang Seng Bank is now rumoured to have cut experienced back end employees, sources report. The Hong Kong Banking Employees Association told the Oriental Daily that seven to eight back end staff ... ( read original story ...)
The only seven Hong Kong banking jobs where analysts get pay rises
You’re a young Hongkonger and you want to earn big bucks in banking. These are the jobs enjoying the largest salary rises right now. http://news.efinancialcareers.com/hk-en/278403/hong-kong-bank-jobs-surge/ Are you about to graduate in Hong Kong and are ... ( read original story ...)
Hong Kong’s four key premium taxi groups hit out at government plan for franchised cabs
Hong Kong’s four key premium taxi groups have cast doubt over a government plan to introduce franchised cabs, questioning its commercial viability despite the significantincentives on offer, including the waiver of close to HK$4 billion in licence fees. ( read original story ...)
Hong Kong chief executive election was ‘a farce’, aide to Regina Ip claims in letter
Hong Kong’s chief executive election is “a farce”, according to a key member of failed candidate Regina Ip Lau Suk-yee’s campaign team who slammed what he called active meddling by Beijing’s liaison office in a poll that violated the “one count ... ( read original story ...)
Andy Warhol portrait of Mao sells in Hong Kong
These are external links and will open in a new window An Andy Warhol portrait of Chairman Mao has been sold at a historic auction in Hong Kong - but fell short of its top estimate of $15m (£12m; HK$116m). The iconic silkscreen portrait fetched $11m in ... ( read original story ...)
Efforts to suppress Hong Kong property prices have failed, Carrie Lam says
Chief executive-elect Carrie Lam Cheng Yuet-ngor has admitted that efforts to suppress Hong Kong property prices have failed and pledged to tackle the issue with a “starter home” scheme once she assumes office. As home prices rose in Hong Kong for the ... ( read original story ...)
Hong Kong plays host to electronics & lighting fairs
The number of Hong Kong-based start-ups has boomed in recent years. According to InvestHK’s report last year, there are more than 1,900 start-ups in Hong Kong. Many young entrepreneurs are bringing new ideas and unique products to the market using their ... ( read original story ...)
Hong Kong electric car start-up Thunder Power eyes China market
Hong Kong-based electric vehicle company Thunder Power has thrown down the gauntlet to carmakers and tech giants around the globe, claiming that its vehicles will have revolutionary wireless charging, autonomous driving capabilities and a range that will ... ( read original story ...)
Employees win, providers lose in Hong Kong MPF’s low-fee reform
Hong Kong’s Mandatory Provident Fund market may see more consolidation as reforms taking effect on April 1 slash income from fees by up to 40 per cent, forcing smaller providers out of the market. From Saturday onwards, all 18 MPF providers are required ... ( read original story ...)
120 sacked HSBC technologists must stay in Hong Kong banking or face 20% pay cuts
If you’ve just been laid off from HSBC’s Hong Kong tech team, you should try to stay in banking – even if that means retraining. http://news.efinancialcareers.com/sg-en/278578/banking-tech-cvs-stand-out/ The 120 technology staff recently laid off by ... ( read original story ...)
Send in the clowns: Hong Kong chief executive-elect gets advice from an unlikely quarter
As Hong Kong’s new leader reflects on a baptism of political fire and ponders the stark reality of making good on a campaign pledge to heal a divided city, advice has arrived from an unlikely quarter. In the week that saw Carrie Lam Cheng Yuet-ngor ... ( read original story ...)
Hong Kong Warns on Home Loan Risks, Daily Says, as Prices Soar
The Hong Kong Monetary Authority has warned banks in the city over the rising risks of property lending, according to the Oriental Daily, just as home prices notch up another record in the world’s most expensive housing market and Citigroup Inc. sees an ... ( read original story ...)