One of the world’s most reliable currency bets is suddenly looking like less of a sure thing. The Hong Kong dollar carry trade, which has produced steady returns for seven straight months, suffered a rare setback on Wednesday as the currency abruptly ... ( read original story ...)
Office decentralisation trend in Hong Kong continues but rents remain high
Even as more companies relocate their offices away from Hong Kong’s central business district to escape high costs, rents in Central have climbed back up to their 2008 peak levels driven by sustained demand from mainland Chinese corporates and a tight ... ( read original story ...)
Hong Kong’s Startup Scene: the Future of Mainland–Hong Kong Economic Cooperation
While Hong Kong’s startup ecosystem is relatively young, it has grown quickly in recent years. Many entrepreneurs are attracted by the city’s high rate of internet – particularly mobile – penetration, which has allowed for greater adoption of tech ... ( read original story ...)
Palm oil blobs cover Hong Kong beaches after sea crash
HONG KONG — Cleanup efforts are under way in Hong Kong after white blobs of congealed palm oil washed up on the city's shores following a collision between two ships. Authorities have closed more than a dozen beaches, including two on Tuesday ... ( read original story ...)
Tax incentives for Hong Kong SMEs will only create more jobs for government paper shufflers
Can you really imagine such an airline operating an international air travel business out of Hong Kong’s airport? Or imagine an SME bank. They used to have them in the United States, one town single-branch banks that advanced local savings to local farmers. ( read original story ...)
Who are the big hitters in e-sports? Meet the top players and the most influential figures globally and in Hong Kong
Yeh was a top player in his youth, and then went on to organisations such as Goldman Sachs, McKinsey and the World Economic Forum ... and an organiser at RETRO.HK Gaming Expo and RETROCUP. The two are Hong Kong’s first and only expo and e-sport ... ( read original story ...)
Who are the big hitters in e-sports? Meet the top players and the most influential figures in the industry
Yeh was a top player in his youth, and then went on to organisations such as Goldman Sachs, McKinsey and the World Economic Forum ... and an organiser at RETRO.HK Gaming Expo and RETROCUP. The two are Hong Kong’s first and only expo and e-sport ... ( read original story ...)
Banks set for brighter second half
China has 37 banks listed in Shanghai, Shenzhen and Hong Kong. They will start to release financial results ... an analyst with Bank of Qingdao. A recent report by McKinsey & Company said the retail banking sector in China needs to improve efficiency ... ( read original story ...)
Hong Kong Startup Launches Blockchain Cryptocurrency for Shipping Security
Hong Kong startup created cryptocurrency for container shipping. 300cubits says the TEU will be tradable on cryptocurrency exchanges globally. TEU tokens will be used as booking deposits for container shipping. A Hong Kong startup aims to fundamentally ... ( read original story ...)
As short sellers target Chinese companies in Hong Kong, hostility mounts
In June, Christopher Cheung, who represents financial services and business interests in Hong Kong’s legislative chamber, called on Hong Kong's Securities and Futures Commission to more tightly scrutinize short sellers, saying they had caused “serious ... ( read original story ...)
Hong Kong banks hoard capital as they await new Basel rules
Banks in Hong Kong, and indeed the world, are still waiting for new global rules to be finalised, and as a result, hoarding cash rather than returning it to investors, or making use of it in more profitable ways. Last week, Standard Chartered’s board ... ( read original story ...)
An Airbnb for cows? Hong Kong bitcoin expert creates cryptocurrency to secure higher returns for Indonesian farmers
Hong Kong bitcoin entrepreneur James Bang was on a trip with ... The result was the establishment of a start-up – named CashCow Coin – and the launch of a new form of fundraising called an initial coin offering (ICO), which allows backers to purchase ... ( read original story ...)
Hong Kong ‘smart’ ring aims to help the visually impaired
The ring, designed by Hong Kong-based start-up Origami Labs, was inspired by Peter Wong, the visually impaired father of the firm’s co-founder Kevin Wong. “As a visual-impaired person, I rely on the software on the smartphone to read the icons ... ( read original story ...)
Rover Parking tops Infiniti LAB Toronto Demo Day
From left: Grant Brigden and Tim Wootton of Rover Parking were the winners of the recent Infiniti LAB startup competition in Toronto ... and the impact we believe they can have as part of the Hong Kong program,” said Dane Fisher, General Manager of ... ( read original story ...)