The analyst was referring to a press release put out by Byrne that claimed Hong Kong-based GSR Capital has announced that it will invest $270 million in a blockchain-based startup of Overstock.com, ca... ( read original story ...)
Maternity leave in Hong Kong: government considering subsidies to help businesses offset cost of giving new mothers 14 weeks’ off
Small and medium-sized enterprises will be the hardest hit,” he said. Chung urged the government to also consider the effects of the US-China trade war on the Hong Kong business environment before pus... ( read original story ...)
Coils Lam Wai-chun, founding chairman of Hong Kong’s popular 759 Store, dies aged 60
announced in a stock exchange filing on Sunday that Lam had died at the Hong Kong Sanatorium & Hospital on Saturday. It did not disclose the cause of death. “The board will use its best endeavours to ... ( read original story ...)
Hong Kong Bears Pile Into Short Bets on Chinese Automakers
Several Chinese automakers are among the worst performers in Hong Kong’s equity markets this year, and their slump may be far from over. Bears are betting on a persistent drop in auto sales on the mai... ( read original story ...)
The UAE is Hong Kong’s 18th largest trading partner
Nasser expects to see more Emirati companies explore business opportunities and tap global markets through HKTDC exhibitions. He also encouraged buyers, distributors and retailers from the UAE to come ... ( read original story ...)
Global luxury brands again chase China’s young, rich and spendthrift
HONG KONG (Reuters) - Global luxury brands from Prada (1913.HK ... that spends money on luxury,” said Shanghai-based Daniel Zipser, senior partner at McKinsey & Co. Revenue growth in China’s luxury se... ( read original story ...)
Life after death – in a subdivided flat: why paper replicas are big business for Hong Kong’s Hungry Ghost Festival
To Chiu-sung holds up a 20cm tall, three-storey cardboard mansion of 16 rooms, each with an old-fashioned air conditioner installed outside the window. “These are subdivided flats, the star item this ... ( read original story ...)
Emma’s Asian eats: One Hong Kong noodle dynasty closing, but oodles remain to satisfy
When in Hong Kong, make sure to try the noodles. You’ve oodles of choices. Where the Wild Things Are: Edmonton food experts lead foraging expedition Best downtown patios announced in Downtown Business ... ( read original story ...)
HKSTP startups to double to 500 in five years, says new chief
At a media luncheon on Wednesday, HKSTP chairman Sunny Chai Ngai-chiu revealed that the corporation aims to increase the number of startups it is incubating to 500 in five years, the Hong Kong Economi... ( read original story ...)
Hong Kong University Receives $20 Mln Research Grant for Payment Systems, Blockchain
The Hong Kong University of Science and Technology Business School has received $20 million in funding for research on payment systems, including those using blockchain. The Hong Kong University of Sc... ( read original story ...)
Digital payment fight brewing in Hong Kong
HONG KONG: Hong Kong's shopping districts are well known for their fierce competition. Now, a new battleground is forming as digital payment firms fight for retailers and shoppers. Chinese tech giants ... ( read original story ...)
Industrial Bank Co., Ltd creates Hong Kong private banking business
Fuzhou-headquartered Industrial Bank Co., Ltd, one of China's largest banking groups, has selected Avaloq to provide a comprehensive front-to-back banking solution for its Hong Kong Branch private ban... ( read original story ...)
Industrial Bank Co., Ltd creates new Hong Kong Private Banking Business with Avaloq Banking Suite
Fuzhou-headquartered Industrial Bank Co., Ltd, one of China’s largest banking groups with total assets of CNY 6.09 trillion1, has selected Avaloq to provide a comprehensive front-to-back banking solut... ( read original story ...)
Hong Kong Monetary Authority intervenes in currency market for first time since May
Hong Kong’s de facto central bank said it has stepped in the foreign currency market to defend the Hong Kong dollar for the first time since May, bringing a key property loan interest rate closer to a ... ( read original story ...)