For the Hong Kong Exchanges and Clearing (HKEX) to be successful in its plans for gold trading, longer trading hours are needed as mainland and international customers are likely to need 24-hour servicing, according to leading traders in the yellow metal. ( read original story ...)
Money launderers leave a stench in Hong Kong’s enforcement charade
Hong Kong and Macau have launched simultaneous shake-ups of the systems they have in place to tackle the growing menace of money laundering. --SCMP, May 27 A news story is the opposite of a Swedish novel. With Stieg Larsson, you get 300 pages of character ... ( read original story ...)
Hong Kong stocks rise, Evergrande hits record high as China on holidays
HONG KONG May 29 Hong Kong stocks edged up on Monday ... stake in the supermarket chain operator to a unit of Alibaba Group Holding Ltd. Hong Kong financial markets will be closed for a holiday on Tuesday. Mainland markets will be closed again, and ... ( read original story ...)
Hong Kong Monetary Authority mulls using facial recognition and fingerprint technology in ATMs
The Hong Kong Monetary Authority confirmed on Monday that it would look into using facial recognition or fingerprint technology in the city’s cash machines to beef up financial security, as doubts remain whether such biotechnologies are mature and safe ... ( read original story ...)
Beijing’s man during handover urges Hong Kong to ‘seriously consider’ enacting national security to ensure harmony
Zhou Nan, former director of the official Xinhua news agency’s Hong Kong branch – Beijing’s de facto embassy before 1997 – made the suggestions in an article to be published in the latest issue of the pro-establishment Bauhinia magazine on Thursday. ( read original story ...)
Some young Hong Kong residents want to be part of Britain again
Residents in Hong Kong have started calling for the return of their former colonial rulers. Britain left the Far East 20 years ago on July 1, but citizens in the administrative region are now calling for their return. Serial sex offender locked up for 15 ... ( read original story ...)
Hang Seng Bank : to lift mortgage rates
The increase will come into effect on 5 June. The bank said it will continue to closely monitor the market situation and employ ( read original story ...)