They start at 4am BST / 11pm EDT (on September 27 ... And 1907 Fenerbahce will fancy their chances with Hong Kong Attitude as their group's top seed. The LMS region appears to be rather weak this year to the point where even their second seed, AHQ ... ( read original story ...)
SEA-US Subsea Cable Ready for Service; RTI and NEC Start HK-G Work
RAM Telecom International (RTI) and NEC Corporation informed that the Southeast Asia – United States Cable System (SEA-US) is ready for commercial service following acceptance by the SEA-US consortium, and that construction has started on the Hong Kong ... ( read original story ...)
Hauser & Wirth Plots a Major Expansion Into Asia With a Hong Kong Gallery and Two New Offices
At the same time, with the help of the gallery’s Chinese clients, “we realized that the Hong Kong gallery is not enough. We have not figured out how to be present in mainland China, but we know that this is very important, so we’ll start with the two ... ( read original story ...)
S&P have cut Hong Kong’s credit rating after cutting China’s
BEIJING (AP) — The Standard & Poor's rating agency has cut its credit rating for Hong Kong a day after downgrading China, citing risks posed by close ties between the two places. S&P said Friday that it was reducing its long-term rating on Hong Kong by ... ( read original story ...)
Hong Kong to host technology festival for cutting-edge British businesses
Last night she joined the Chancellor of the Exchequer, Philip Hammond, at a gala dinner attended by 600 UK and Hong Kong business people where a new FinTech Bridge agreement was unveiled. This will allow UK firms and investors to expand in Hong Kong and ... ( read original story ...)
Hong Kong needs to throw more caution to the wind when it comes to backing start-ups
But, the problem in Hong Kong’s funding channel is that many start-ups are looking for less than a million US dollars, more like US$500,000 to roll out their product after a few years of development, or angel money of US$100,000 to begin a business. ( read original story ...)
S&P strips Hong Kong of AAA rating after China downgrade
HONG KONG: S&P Global Ratings cut Hong Kong’s credit rating a day after it downgraded China for the first time since 1999, a move that reflects the “strong institutional and political linkages” between the special administrative region and the ... ( read original story ...)
Hony Capital-backed VC fund to invest in Hong Kong tech startups
HONG KONG (Reuters) - Beyond Ventures, a new venture capital fund backed by China’s Hony Capital, plans to raise HK$1.2 billion ($154 million) to invest in early-stage technology startups in Hong Kong as the financial hub continues to struggle to boost ... ( read original story ...)
European Fintech deals indicate change of stance toward booming industry by conservative Hong Kong
TNG FinTech Group, Hong Kong’s biggest electronic wallet service provider, signed an agreement with Tranglo Europe Limited, a cross-border payment company in the UK, with an aim to expand its existing money transfer business to Europe. Another deal was ... ( read original story ...)
How the UK and Hong Kong partnership unlocks business opportunities
“Think Asia, Think Hong Kong” is returning to the United Kingdom after being launched here six years ago. Organised by the Hong Kong Trade Development Council (HKTDC), the campaign seeks to promote Hong Kong as a two-way platform for UK businesses to ... ( read original story ...)
Why Hong Kong is set to lead the way on game-changing economic strategies
Hong Kong was the top IPO market in the world last year and is also the leading hub for offshore business using the Mainland currency, the Renminbi. Hong Kong has the largest Renminbi liquidity pool outside the Mainland and banks in the city handle about ... ( read original story ...)
Rising credit-to-GDP gap signals banking system ‘vulnerability,’ warns report
A new international banking report groups Canada with China and the special administrative region of Hong Kong as jurisdictions whose domestic banking systems are at risk from rising debt levels. The Bank For International Settlements, which is owned by ... ( read original story ...)
Hong Kong’s newest export? MTR looks to sell trains-and-property business model in UK and Sweden
Hong Kong’s rail operator is looking to export its trademark trains-and-property business model abroad, in an attempt to strengthen its expansion into competitive markets in Europe and beyond. MTR Corporation chairman Frederick Ma Si-hang said the ... ( read original story ...)
Hong Kong government initiates $256m fund for tech startups
The Hong Kong government has launched a HK$2 billion ($256 million) Innovation and Technology Venture Fund (ITVF) to stimulate interest from venture capital (VC) funds, in a bid to support local innovation and technology startups. The government and each ... ( read original story ...)