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 ...)
Hong Kong unveils expansionary budget, push into 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 ... ( read original story ...)
Hong Kong’s budget to 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 ...)
(Budget) HK$200m for Cyberport to help startups
outside Hong Kong, he says. "The financial assistance offered under Cyberport’s incubation program to individual start-ups will also increase by 50 percent to HK$500,000.'' ( read original story ...)
Hong Kong’s economy seen moderating but expansionary budget to lend support
HONG KONG (Reuters) - Strong consumption ... He will also seek to help innovative and creative industries through tax incentives, a start-up fund and investments in sectors such as artificial intelligence, fintech and biomedical science, with the city ... ( read original story ...)
20 Hong Kong delegates to skip flying in favour of train to Beijing for annual political meetings
But from September the journey could start at Hong Kong’s West Kowloon after a cross-border rail line opens connecting the city to the national network. Their decision to opt for the train is being seen as a publicity stunt to promote the Guangzhou ... ( read original story ...)
A bike-sharing startup just quit France after the ‘mass destruction’ of its fleet
The startup continues to offer its bike-sharing service in Hong Kong. Such dockless bike schemes rely heavily on the goodwill and decency of just about everyone in the city where they operate, after all, it only takes a few individuals to cause ongoing and ... ( read original story ...)
Hong Kong builder New World Development’s interim core profit falls 16pc, but still beats estimates
the contracted sales in Hong Kong have surpassed HK$7.0 billion. The company declared an interim dividend of 14 HK cents per share. “Core profit [derived from the company’s main or principal business, less all expenses for the main activities as ... ( read original story ...)
Hong Kong beats Singapore in expat survey by HSBC, but Mumbai best for salaries
Expatriates in Hong Kong earn, on average, just three quarters of their equivalents in Shanghai, and two thirds compared with those in Mumbai, according to new figures from HSBC. But those in Singapore are further behind. Nonetheless, pure salary figures ... ( read original story ...)