National carrier Kenya Airways has signed a codeshare agreement with Hong Kong Airlines increasing its frequency between Nairobi and Hong Kong to daily flights with an eye on the growing trade between the two cities. KQ, as the carrier is known by its ... ( read original story ...)
Business conditions in Hong Kong improve for first time in December since February 2015
Hong Kong’s private sector is pulling out of recession, with the December PMI recording above the neutral 50.0 level. However, the improvement was not driven by expansions in output and new orders. Instead, a surge in the preproduction stock levels ... ( read original story ...)
PMI indicates growth in Hong Kong private sector after 21 months of decline
Those in Hong Kong’s private sector finally have a reason to smile, with a key market indicator showing growth in December after 21 months of decline, though the improvement was not due to a surge in output or new business, but to other contributing factors. ( read original story ...)
Investing in digital innovation
HSBC is working with the Hong Kong government to develop the next generation of banking technology at a new digital innovation lab. The bank and the government-funded Hong Kong Applied Science and Technology Research Institute (ASTRI) have joined together ... ( read original story ...)
Hong Kong’s MPF reports 1.26 per cent gain in 2016
Hong Kong’s Mandatory Provident Fund generated average gains of 1.26 per cent in 2016, beating the benchmark Hang Seng Index and bank deposit rates, according to data from Thomson Reuters Lipper. The return represents a turnaround from the previous year ... ( read original story ...)
Startup festival to lure investors
The festival will showcase Hong Kong’s vibrant start-up ecosystem with the help of a range of event organisers, local and international firms, and private and public sector support. Click here for festival details. ( read original story ...)
Hong Kong stock exchange urged to introduce new technology-friendly board
Many market players support the proposal that Hong Kong launch a new board to attract more technology firms from the Chinese mainland and overseas but have mixed views on how to set rules for this new market. The need for a new market came to light after ... ( read original story ...)
Surge in Hong Kong start-ups as more young people shun safe career paths
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 ...)
Asian banking jobs in 2017: 10 big trends to watch out for
For many banking professionals in both Singapore and Hong Kong – especially those looking for new jobs – 2016 was largely a year to forget. What does 2017 have in store if you’re a job seeker in Asian finance? Recruiters give us their top tips. ( read original story ...)
Hong Kong and Shenzhen settle border dispute as they join hands to develop technology park
Hong Kong and Shenzhen signed a deal on Tuesday to jointly develop the Lok Ma Chau Loop into an innovation and technology park, settling a long-running dispute over ownership of the border site to get moving on a mega project slated to offer ... ( read original story ...)
Hong Kong’s Future Fund likely to have fallen short of investment target
A major fund set up a year ago to generate higher investment returns for government fiscal reserves might not have performed as well as hoped in its first 12 months due to lower-than-expected yields and low interest rates, Hong Kong’s top financial ... ( 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 ...)