After moving into journalism, he was principal business reporter for Radio Television Hong Kong before the handover to China. He has produced and reported for the CBC in Saskatchewan and Toronto and the BBC in London. He is currently senior producer at CBC ... ( read original story ...)
Income for life in works for retirees
The Hong Kong Mortgage Corporation, wholly owned by the government, plans to launch a public annuity scheme that will allow retirees to invest with an entrance fee of not more than HK$300,000 in return for a lifelong steady monthly income. Compared to ... ( read original story ...)
HK hands out generous budget, paints brighter outlook
The Hong Kong dollar is pegged to the greenback and expectations of two to three US interest rate hikes this year will trigger increases in local mortgage rates. Financial Secretary Paul Chan said in his maiden budget address that an improved labour market ... ( read original story ...)
Hong Kong finance chief Paul Chan says official residence needed a makeover, but he ‘will not splash out’
Finance chief Paul Chan Mo-po has insisted his official residence in Shouson Hill was in need of renovations following reports he spent millions of taxpayer-funded dollars on revamping the property. Reports emerged on Friday that Chan, who took over the ... ( read original story ...)
Hong Kong pins Aramco IPO hopes on China's deep pockets
HONG KONG (Reuters) - Hong Kong's stock exchange will bank on its role as a gateway to mainland China's deep-pocketed investors to take on other leading venues and win the coveted $100 billion listing of Saudi Arabia's giant state oil company, Aramco ... ( read original story ...)
Hong Kong Mortgage Corporation to offer public annuity scheme for retirees
The government-owned Hong Kong Mortgage Corporation will offer a public annuity scheme as early as next year to allow retirees to invest a lump sum below HK$300,000 in exchange for a stable monthly income until their death. HKMC chief executive Raymond Li ... ( read original story ...)
Hong Kong utility CLP’s profit beats forecasts, expects return regime agreement before July
CLP Holdings, which controls the larger of Hong Kong’s two electricity suppliers, said it will seek out opportunities to expand in mainland China and India, as it posted a smaller than expected decline in net profit for last year. The company recorded a ... ( read original story ...)
Number of Hong Kong people emigrating to Taiwan hits 16-year high
TAIPEI: Martin Wan was born and bred in Hong Kong, but now calls Taiwan home. The 25-year-old emigrated there last year to realise his dream of starting his own business. He is now an owner of an eyewear store in Taoyuan City in northern Taiwan ... ( read original story ...)
Hong Kong Property Market Sets New Records Despite Moves to Tame Prices
Hong Kong’s property market is setting new records, quashing attempts by the city’s leaders to tame surging home prices. Existing home prices reached an all-time high in the week ended Feb. 19, according to the Centaline Property Centa-City Leading ... ( read original story ...)
China's unicorn shortcut sidelines IPO reform
HONG KONG (Reuters Breakingviews) - China may have another way to get around IPO reform: luring tech unicorns with easier listings. The securities watchdog is mulling faster IPO approvals for big tech names. Letting Jack Ma's Ant Financial, last valued at ... ( read original story ...)
Hong Kong Exchanges and Clearing : HKEX 2016 profit slides on weak trading volumes, cautious on outlook
Hong Kong's stock exchange operator said on Monday its 2016 net profit fell 27 percent due to a decline in fees generated by stocks and metals trading on the bourse as it struggled to match stellar volumes seen during 2015's record rally. Hong Kong ... ( read original story ...)
Five Hong Kong think tanks make it to list of region’s top 90
Five Hong Kong think tanks have made it onto a list of the top 90 in the region compiled by a US university – two more than in the same study last year. But the highest spot occupied by one of the city’s think tanks was only 60th place, taken by Our ... ( read ...
SoftBank nears deal to invest $3 billion in U.S. startup WeWork: CNBC
TOKYO/HONG KONG (Reuters) - Japan's SoftBank Group Corp is close to making an investment in U.S. office-sharing startup WeWork expected to be worth over $3 billion, CNBC reported on Monday, as it expands its reach beyond tech and telecoms. ( read original story ...)
SoftBank nears deal to invest US$3 bln in US startup WeWork: CNBC
TOKYO/HONG KONG: Japan's SoftBank Group Corp is close to making an investment in U.S. office-sharing startup WeWork expected to be worth over US$3 billion, CNBC reported on Monday, as it expands its reach beyond tech and telecoms. Led by founder Masayashi ... ( read original story ...)