Tag: business

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 ...)

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 ...)

“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 ...)

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 ...)

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 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 ...)

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 ...)

Beijing had cut a deal that for many south east Asian companies removed any need to channel their China business through Hong Kong. The second big signal was Xi Jinping’s Belt and Road initiative, unveiled in 2013. If Beijing was giving such priority to ... ( read original story ...)

SAN FRANCISCO, Sept. 15, 2017 /PRNewswire/ Hong Kong Science and Technology Parks Corporation ("HKSTP") is proud to showcase a range of pragmatic disruptive technologies from Hong Kong start-ups at TechCrunch Disrupt SF 2017. From supporting key business ... ( read original story ...)

Hong Kong’s waste paper exporters warned of a wave of business closures in the next few months as they began a week-long strike on Friday over import restrictions in mainland China that have crippled their work. Complaining that they were still waiting ... ( read original story ...)

MTR Corp. has been accused of copying an idea from a small tech startup and using it in its smartphone app, the Hong Kong Economic Journal reports. MTR Mobile, the train operator’s app, has recently added a new function called Fast Exit, which is ... ( read original story ...)

McKinsey senior partner Roberto Fantoni sat down with leaders ... Lincoln Leong, chief executive officer, MTR Corporation: In our case, at MTR in Hong Kong, this model means we’re developing properties above our stations and above our depots. ( read original story ...)

The company that runs Hong Kong’s railways has been accused of stealing ideas from a small tech start-up and using them in its smartphone app, after meeting staff from the company over a possible collaboration. But the MTR Corporation said it had been ... ( read original story ...)

In this episode of the McKinsey Podcast, McKinsey Global Institute partner ... would be countries like Luxembourg but also the Netherlands, Ireland, Singapore, Hong Kong, and a few others. Janet Bush: Interesting. Eckart, can we assume that the instability ... ( read original story ...)