Tag: business

Hong Kong stocks rose for a fourth day on Tuesday and were on course for their longest winning streak in five weeks, as financial companies advanced. The Hang Seng Index gained 0.8 per cent, or 246.66 points, to 29,506.97 in morning trading. The Hang Seng ... ( read original story ...)

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Hong Kong stocks closed higher on Monday, aided by a surge in Tencent Holdings, whose market value surpassed US$500 billion. More than HK$14.5 billion (US$1.86 billion) worth of Tencent shares changed hands, accounting for 13.4 per cent of the total ... ( read original story ...)

The biggest one of them is controlled by developer Li Ka-shing, who has made it his life’s business to turn port facilities in Hong Kong into housing projects. This would be his biggest one ever, and the port business he loses here would be gained ... ( read original story ...)

A festival of light in Hong Kong this week will, among other things, champion the city’s neon signage. As well as teaming up with artists to create 16 works at sites on Hong Kong Island and in Kowloon, Lumieres Hong Kong, which runs from November 23 to ... ( read original story ...)

Mining for virtual currencies like bitcoin may not be as messy as its real-world equivalent, but the supply of electricity needed to cool the massive computing power that produces the currency means it has also developed a reputation for harming the ... ( read original story ...)

A stable economy in 2017 coupled with small improvements to the business landscape in Hong Kong has translated to optimism when it comes to salary increases in the market. The workforce will see a modest growth of 4.1% in their salaries in 2018 ... ( read original story ...)

German sportswear giant Adidas is planning to relocate its information technology operations from Hong Kong to Shanghai as part of a strategy to bolster its business on the mainland. A senior executive with the company, familiar with the plan, said Stefan ... ( read original story ...)

Wharf Holdings slid 2.2 per cent to HK$26.90, taking its losses so far this week to 7.8 per cent, after its decision to spin off and list its Hong Kong investment properties. Before the price adjustment from the business split, Wharf closed at HK$73 per ... ( read original story ...)

It is as simple as that. – Nelson Wong, vice-chairman, Business and Professionals Federation of Hong Kong, in SCMP’s “Letters to the editor”, November 15, 2017 He is absolutely right about the crowding. It is an embarrassment for Hong Kong that in ... ( read original story ...)

A group of ten undergraduate students from The Chinese University of Hong Kong (CUHK) Business School Asian Business Studies (ABS) program visited Citi's Consumer Innovation Lab in Singapore on November 3. This is the first time that the students were ... ( read original story ...)

Shen Jianguang, chief economist at Mizuho Securities Asia in Hong Kong, said Chinese banks made “hefty profits ... as commercial lenders and policy tools,” he said. While the McKinsey report blamed the banks’ low profits on high levels of corporate ... ( read original story ...)

Hong Kong signed free trade and investment agreements with the 10-nation Association of Southeast Asian Nations on Sunday, in what one of the Chinese territory's officials called a "loud and clear" vote against rising regional trade protectionism. ( read original story ...)

HONG KONG, CHINA–(Marketwired – Nov 11, 2017) – Canon Hongkong Company Limited (Canon Hongkong) (TSE: 7751) (NYSE: CAJ) today honoring winners of Canon PhotoMarathon (CPM) Hong Kong 2017 for their outstanding shots of the city during the competition ... ( read original story ...)