But proptech start-ups would also profit off the prohibitively expensive housing in Hong Kong. “An affordability crisis in housing and office markets would reinforce the growth of co-living and co-working spaces in Hong Kong,” the report said. ( read original story ...)
The secret burden of mental illness in Hong Kong
Grant and Parker decided on a fresh start and moved to Hong Kong in January 2017. They wanted to embark on a new adventure and maybe "leave some of what he was feeling behind," Parker said. But it "wasn't really a great tactic," she said. 'Black waves ... ( read original story ...)
Lacrosse World Cup rebuild in full swing for Hong Kong women’s team after thumping win over China
“That’s the goal and the training has to start now,” said the Hong Kong International School lacrosse team captain. “I’m very privileged to be playing with such an amazing group of young athletes – it comes with a lot of pressure but also an ... ( read original story ...)
Biotech Startup Innovent Gets $150 Million Booster
a developer of biologically-based anti-cancer drugs known as PD-1 inhibitors, has closed a new $150 million funding round as it head towards an initial public offering (IPO) that could be one of the first under new listing rules being rolled out in Hong Kong. ( read original story ...)
Hong Kong business leaders band together to oppose scrapping MPF offsetting mechanism
Five major Hong Kong business groups have joined forces to demand greater subsidies in any plan that would stop them from dipping into pensions, the latest blow to efforts to end the so-called offsetting mechanism in the city’s government-mandated ... ( read original story ...)
The world’s most famous tailor has followed one simple plan that has grown his tiny Hong Kong shop from a small business into a global brand
Roshan Melwani is the third-generation proprietor of Sam's Tailor, a family-owned small business started by his grandfather Naraindas "Sam" Melwani in 1957. Sam's Tailor has become world famous for the stylish bespoke suits and clothing it has made for ... ( read original story ...)
Philanthropic assets can grow by half if Hong Kong relaxes taxation cap
Hong Kong’s philanthropic assets can grow by about half if the city relaxes its tax deduction cap, which at 35 per cent is lower than the US and Singapore. And if the tax incentives were put in place, Hong Kong’s assets could account for a higher ... ( read original story ...)
How govt can boost startup ecosystem (other than by splurging)
Amid the startup boom, governments around the world are thinking of ways to boost innovation and technology in their respective territories. In Hong Kong, the government has allocated HK$50 billion for the purpose. The Hong Kong Economic Journal recently ... ( read original story ...)
New Hong Kong-backed start-up Air Belgium abruptly cancels flights after failing to get permission to fly over Russia
Thousands of passengers could be left scrambling to make alternate travel plans after a new start-up airline backed by Hong Kong investors announced on Wednesday it had cancelled flights until June 3. Low-cost long-haul carrier Air Belgium said its first ... ( read original story ...)
Why a Trump-Kim summit in Hong Kong would suit everyone and be good for business too
Hong Kong is a special administrative region of China because we are different – we are like a minority people within China. One hundred and fifty-five years of British administration instilled a particular culture – not a British culture or a ... ( read original story ...)
Wheelock and HK science park team up to offer free city-centre meeting venue for start-ups and investors
Hong Kong start-ups are being given the chance to use a free, prime city centre location in which to meet and pitch their ideas to, hopefully, deep-pocketed investors. As part of a new collaboration between development giant Wheelock Properties and Hong ... ( read original story ...)
Hong Kong Again Most Expensive for Business Trips – South Korea Scores Two in Top Five
Hong Kong regained the top spot from Tokyo in the regional rankings for Asia’s most expensive city for business travelers with the daily cost of accommodation, transport, meals, and incidentals averaging US$506. Singapore and Seoul cost an average of US$ ... ( read original story ...)
Breakingviews – Hong Kong opens doors to far-from-super governance
That gives Hong Kong an uncomfortable edge in its race to the bottom. Reuters Breakingviews is the world's leading source of agenda-setting financial insight. As the Reuters brand for financial commentary, we dissect the big business and economic stories ... ( read original story ...)
Goldman, BlackRock Fight for LGBT Rights in Hong Kong
Instead, Forth entered Hong Kong as a visitor and had to make cross-border trips to avoid overstaying his short-term visa. He also couldn’t get a job or join a business, according to Immigration Department rules for visitors. “There’s an emotional ... ( read original story ...)