Tag: business

Hong Kong’s five major business chambers have proposed keeping a controversial arrangement where bosses dip into workers’ pension funds for severance and long-service payments, in return for them increasing their contributions to employees ... ( read original story ...)

Hong Kong stocks were set for a weaker start on Friday, with traders spooked by an overnight collapse in oil prices. The Hang Seng futures spot May contract dropped 0.38 per cent or 94 points to 24.474, while the Hang Seng China Enterprises Index futures ... ( read original story ...)

Hong Kong’s private sector grew at its fastest rate in more than three years last month thanks to increased global demand for products and services, and despite headwinds from the mainland. The Nikkei Hong Kong Purchasing Managers’ Index, which gauges ... ( read original story ...)

Hong Kong is quickly becoming the next demographic time bomb. Economists use "demographic time bomb" to refer to places where consumer spending and the national birth rate are both low. Often, they're entangled in a vicious cycle: As people feel the ... ( read original story ...)

Hong Kong stocks fell on Thursday, as traders digested the increased likelihood of a US rate rise in June. The Hang Seng Index opened at 10,150.37 and proceeded to fall, giving up 0.37 per cent. The Hang Seng China Enterprise Index was also down ... ( read original story ...)

Alibaba’s not-for-profit initiative, the Hong Kong Entrepreneurs Fund, is teaming up with the city’s Cyberport and Hong Kong Science and Technology Parks on a US$3 million start-up competition to help nurture the city’s growing start-up scene and ... ( read original story ...)

HONG KONG — Meitu had been a snoozer of a stock since listing in Hong Kong in December. Then investors from mainland China had a chance to buy in. Almost immediately, shares of Meitu, a Chinese smartphone app maker, jumped 80 percent in a week — then ... ( read original story ...)

The Alibaba Hong Kong Entrepreneurs Fund Thursday kicked off a $3 million startup competition to help young companies build up their businesses and promote Hong Kong as a center for innovation and entrepreneurialism. In conjunction with Hong Kong Cyberport ... ( read original story ...)

Following is the transcript of a CNBC interview with Oliver Tonby, Managing Partner, Southeast Asia, McKinsey & Company. The interview was broadcast on CNBC on 27 April 2017, during CNBC's "Hong Kong versus Singapore" theme week. All references must be ... ( read original story ...)

McKinsey chose Singapore as the Asian hub for its Digital Capability Center, which trains the workforce to keep up with the disruptions of the fourth industrial revolution. Hong Kong's Yang, meanwhile, said innovations in manufacturing technology could ... ( read original story ...)

Hong Kong-based startup focused research platform Oddup has secured $6 million in its Series A round of funding led by Brand Capital, the investment arm of Indian media conglomerate The Times Group. The round also saw participation from existing investors ... ( read original story ...)

AIA Group Ltd (1299.HK), the world's third-largest life insurer by market value, posted a 55 percent rise in its new business in the first quarter, helped by a surge in sales in China and Hong Kong. Over the past seven years, the company has expanded ... ( read original story ...)

Hong Kong’s incoming leader, Carrie Lam Cheng Yuet-ngor, received much of her HK$18.7 million in election donations from business leaders, who also mobilised their wives, children and staff to bankroll her campaign. It came as no surprise that the ... ( read original story ...)

Hong Kong-based Lynk, an online service that connects enterprise ... They include C-level executives, scientists, engineers, independent consultants, and specialist advisors. The startup’s services are available through subscription or other payment ... ( read original story ...)