Following a fruitful trip to Hong Kong of a business delegation organised by the Hungarian Chamber of Commerce and Industry in December 2017, the Hong Kong Economic and Trade Office, Berlin (HKETO Berlin) together with Invest Hong Kong (InvestHK) built on ... ( read original story ...)
Why 117-year-old Hong Kong utility CLP seeks partnerships and stakes in tech start-ups
CLP Holdings, the larger of Hong Kong’s two electricity suppliers, is looking for more partnerships with universities and strategic investments in start-ups with technologies and ideas that can help the 117 year-old utility become more cost efficient and ... ( read original story ...)
22 Best Shops in Hong Kong
Let’s start with scale. Where are we between global flagship and neighborhood boutique? As one of Hong Kong's most famous local design shops, there are G.O.D.s big and small all over the city, however, this is the largest, spread across two floors in ... ( read original story ...)
Hong Kong’s Science Park just got the lion’s share of the budget goodies, but on what basis?
So each year, Hong Kong’ budget is a series of ad hoc expenditures based on the current surplus rather than total reserves. It’s as primitive as a household budget. We’ve gotten so used to local terms like “goodies” and “sweeteners”, which ... ( read original story ...)
Hong Kong-listed companies need greater board independence, AllianzGI says
A key reason for the perceived non-independence is that many board directors in Hong Kong have ongoing business relationships with, or are affiliated with, the controlling shareholders, said Eugenia Unanyants-Jackson. It is also very rare in Hong Kong to ... ( read original story ...)
Interview: Alexandra Andersson, protector of Hong Kong’s pangolins – cute, harmless, and endangered
“Something like that,” says Andersson, the daughter of a Swedish investment banker who came to Hong Kong for business reasons. Smugglers just treat pangolins as a business opportunity, in the knowledge they are breaking the law. “They probably know ... ( read original story ...)
Hong Kong slow to act on suspected money-laundering scheme that duped Filipino maids, legal experts say
In return, she expected to receive a “personal UK passport, 15 air tickets to London and an opportunity to explore the UK business market”. Ylagan, a Philippine native and long-time Hong Kong resident, claimed in the statement that no cash as ... ( read original story ...)
Faster, cheaper MRIs a new breast-screening option from Hong Kong start-up
Women worried about the discomfort of having a mammogram, or the high cost of magnetic resonance imaging (MRI) screening, may soon have another way of checking their breast health. Galen MRI Systems recently debuted its EMMA machine, designed for quicker ... ( read original story ...)
Hong Kong must be more aggressive in luring foreign firms and nurturing talent, American Chamber of Commerce says
But Joseph said: “There should be an emphasis on attracting international business. Hong Kong’s distinctive advantage is as a super-connector. “We see relatively little in this budget about improving Hong Kong’s overall business environment for ... ( read original story ...)
Hong Kong’s tech start-up ecosystem sparking into life after slow start
Experts say that may partly be because Hong Kong companies have traditionally been independent with their business operations, while some investors are attracted to the city’s market driven, hands-off approach, viewing some tech firms in Singapore as ... ( read original story ...)
Investment in Hong Kong fintechs more than doubled last year, well ahead of Singapore and Australia
Hong Kong fintech firm WeLab raises US$220m in funding round The ... we have seen a major shift in fintech business strategy Arthur Wang, KPMG China There were 146 fintech deals in China last year, compared with 54 in 2016 which were worth US$10 billion. “ ( read original story ...)
Why is Hong Kong upset about an export industry that doesn’t exist? Look to Beijing for the answer
The Hong Kong government and industry players lashed out yesterday at Washington’s plan to impose tariffs on aluminium imports from the mainland and the city, which has been dragged into escalating Sino-US trade tensions. - SCMP, February 28 I have an ... ( read original story ...)
Hong Kong’s budget is a push for fintech, innovative industries
Over HK$50 billion ($6.4 billion) would be earmarked for "investing in the future", Chan said, to help innovative and creative industries include a start-up fund and investments in sectors such as fintech. Hong Kong is widely seen to be lagging far behind ... ( read original story ...)
China startup Nio hires eight banks for up to $2 billion U.S. IPO: sources
HONG KONG (Reuters) - Chinese electric vehicle startup Nio has hired eight banks including Morgan Stanley and Goldman Sachs to work on a planned U.S. stock market listing this year worth up to $2 billion, people with knowledge of the matter told Reuters. ( read original story ...)