However, if home prices drop, the buyers may need to pay extra to take into account the drop in the value of the property when they shift to another mortgage plan, Wong added. The Hong Kong Monetary ... ( read original story ...)
New Hong Kong textbooks say it was never a British colony, calls 2019 protests ‘terrorist activities’
New Hong Kong textbooks appear to favor Beijing's accounts of history, with the texts stating that the island was never a British colony and describing the 2019 pro-democracy protests as “terrorist ... ( read original story ...)
Hong Kong police chief defends enforcement of Covid-19 rules
The head of the Hong Kong Police Force has defended officers’ enforcement of Covid-19 rules while attending a district council meeting on Tuesday. After the meeting, Commissioner of Police Raymond Siu ... ( read original story ...)
Video of kneeling 12-year-old girl slapped in the face over 20 times by teens goes viral in Hong Kong
A viral video of a 12-year-old girl kneeling and being repeatedly slapped in the face incited a citywide police search for her five assailants in Hong Kong. The 12-year-old victim kneeled as a group ... ( read original story ...)
FirstFT: Hong Kong fund managers plead officials to reopen border
Hong Kong’s fund managers have called on the government to reopen the city’s borders and warned of a “permanent” loss of talent even as Covid-19 cases rose in the Chinese territory. Sally Wong, chief ... ( read original story ...)
US senator questions whether HSBC was pressured to suspend banker over controversial climate-change comments
Republican Steve Daines questioned whether HSBC faced outside pressure to suspend the top asset manager, and accused the financial industry of being engaged in ‘groupthink’ on climate change. ( read original story ...)
Logistics Startup GogoX Eyes USD85.5 Million in Hong Kong IPO
Chinese van-hailing platform GogoX Holdings is seeking to raise HKD671 million (USD85.5 million) from an initial public offering in Hong Kong in less than two weeks to fund an expansion of its service ... ( read original story ...)
Hong Kong IPO by GoGoX hints at easing of China tech crackdown
Logistics platform operator GoGoX plans an initial public offering here next week, a sign that China's crackdown on the tech industry might be letting up. GoGoX, which has been dubbed "Uber for ... ( read original story ...)
HKMA sells US$560 million to defend Hong Kong currency peg from capital outflow ahead of expected US interest rate rise
Hong Kong's de facto central bank stepped into the currency market ahead of an expected US interest rate rise on Thursday, as it seeks to defend the local dollar against the weakening effects of ... ( read original story ...)
Leading Into a Diverse Future
DEI Advisors founder and principal David Kong came to the U.S. in 1970 as an immigrant. He climbed the hospitality industry ladder rung by rung to become CEO for BWH Hotel Group. Here, he shares his ... ( read original story ...)
The strengthening US dollar has left Hong Kong struggling to protect its currency’s historic peg to the greenback
"The Federal Reserve's rate hike pressure could spread to the Hong Kong dollar market in the next three months," a top strategist said. ( read original story ...)
Hong Kong Spends $560 Million to Defend Currency Peg
The Hong Kong dollar has been tied to its U.S. equivalent since 1983, helping underpin the city's emergence as one of the world's major financial centers. The monetary authority stands ready to sell U ... ( read original story ...)
Watch: Hong Kong’s iconic floating restaurant towed away
Jumbo Floating Restaurant, a tourism icon in Hong Kong's Aberdeen harbour, has been towed away. The restaurant, styled to look like a Chinese imperial palace, closed its doors to the public at the ... ( read original story ...)
Hong Kong property developer achieves capital markets first
New World Development becomes the first Asian corporate to issue a USD-denominated dual-tranche social and green offering in the public bond markets. ( read original story ...)