The number of technology start-ups in Hong Kong increased 24 per cent last year, a government survey found, as more young people embraced entrepreneurship. InvestHK said the number of start-ups rose from 1,558 in 2015 to 1,926 in 2016, with local ownership ... ( read original story ...)
Hong Kong stocks start 2017 firmer, lifted by mainland factory surveys
Jan 3 Hong Kong stocks advanced on the year's first trading day on ... Investor confidence was lifted after a private business survey showing China's factory activity picked up more than expected in December as demand accelerated. But gains in the city ... ( read original story ...)
PwC: Hong Kong will have the most IPOs in 2017
Postal Savings Bank of China Chairman Li Guohua poses during the listing of the bank, the world's biggest initial public offering in two years, at the Hong Kong Stock Exchange in Hong Kong, China. Reuters/Bobby Yip Hong Kong will continue to rank top ... ( read original story ...)
Hong Kong's K2 Capital backs IoT transportation solution startup TempoGO
TempoGO, an Internet of Things (IoT) and SaaS solution for commercial transportation, has raised US$825,000 in seed funding, led by K2 Capital of Hong Kong. Founded in 2015, Mumbai-based TempoGO provides IoT and Saas solutions for the transportation industry. ( read original story ...)
What can we expect in China in 2017?
As an example, it’s been very popular in 2016 to visit Hong Kong, buy single-premium life-insurance policies (with a value of up to $100 million!) using renminbi, and then use a variety of means to monetize the policy in US dollars. The credit-card ... ( read original story ...)
Singapore and Hong Kong gain ground as rising currency trading rivals to London
As a result Hong Kong and Singapore are rising challengers to London, according to the Bank of England’s quarterly bulletin, which studied data from the Bank of International Settlements. London hosted 37pc of global foreign exchange trading, down from ... ( read original story ...)
Hong Kong, China stock markets start 2017 on a high as manufacturing index hits four-year high
Positive economic data and new year’s spirit lifted both the Hong Kong and mainland markets as the first trading day of 2017 closed, but analysts warned more uncertainties lie ahead in the new year than in 2016. The Hang Seng Index (HSI) opened slightly ... ( read original story ...)
Shamed former leader of Hong Kong pleads not guilty to bribery at his high-profile corruption trial after quitting in disgrace for accepting favours from tycoons
In 2012 he apologised for separate allegations that he accepted inappropriate gifts from business friends in the form of trips on luxury yachts and private jets. The trial comes at a time when residents are losing faith in Hong Kong's leaders, as a string ... ( read original story ...)
Hong Kong elite fails to grasp extent of public anger over city’s decline
... they loathe in Hong Kong Chinese is their complete lack of empathy for the world outside of Hong Kong. The serial inability of government and business leaders to make decisive policy changes to arrest a downward spiralling economy is a laughable ... ( read original story ...)
Hong Kong’s illegal ivory hub status ‘could grow after planned mainland China ban’
Wildlife campaigners have urged Hong Kong authorities to fast-track the phasing out of the city’s ivory trade, warning of a surge in illegal business after the mainland announced a total ban within a year. WWF Hong Kong yesterday contrasted Beijing’s ... ( read original story ...)
Is fintech a disruptor or enabler for Canada’s big banks?
The consultancy McKinsey & Co. is reportedly tracking more than 2,000 ... similar to the United Kingdom, Australia, Hong Kong and Singapore. ( read original story ...)
Hong Kong stocks end a volatile 2016 roughly flat
SHANGHAI: Hong Kong shares rose around 1 percent on Friday, but the main indexes ended 2016 near where they started after a volatile 12 months, punctuated by Britain's vote to leave the European Union and Donald Trump's triumph in the U.S. presidential ... ( read original story ...)
Hong Kong stocks track higher in early trading on final session for 2016
Hong Kong and mainland stocks opened slightly higher on Friday, the final trading session of 2016, shrugging off the declines in US equity markets. The Hang Seng Index opened up 0.13 per cent or 28 points at 21,818.91, and the Hang Seng China Enterprises ... ( read original story ...)
Flight Test: Hong Kong to Auckland on Cathay Pacific's A350
If you'd like to see how the 1 per cent fly, then business class on Cathay's new A350 is the way to go. THE AIRLINE Cathay Pacific THE ROUTE Hong Kong to Auckland, New Zealand. THE PLANE Airbus A350-900, the world's newest aircraft. The aircraft carries ... ( read original story ...)