Singapore’s reform has kickstarted interest in Asia around the availability of legal finance. Hong Kong was the first to follow, where financing provisions were already in place for insolvency cases (and certain other limited categories). After an ... ( read original story ...)
Hong Kong Sees Salvation From Asset Bubbles in Currency Weakness
It’s not related to the economy. It’s a purely monetary phenomenon,” said Raymond Yeung, an economist at Australia & New Zealand Banking Group Ltd. in Hong Kong. “If Hong Kong rates don’t rise, it’s hard for asset prices to correct.” ( read original story ...)
Hong Kong pro-democracy movement loses ground in byelection
Hong Kong pro-democracy candidates won back only two of four seats in a crucial byelection in the semiautonomous Chinese region, final results showed Monday. The results mean the opposition wasn't able to recapture all its territory, losing some to ... ( read original story ...)
Hong Kong democrats struggle to recapture lost ground in by-elections
who is now effectively declaring himself an emperor,” 21-year-old student democracy activist Joshua Wong wrote on his Facebook page on Sunday after news of the low turnout broke. Hong Kong’s leader Carrie Lam voted at a school in the exclusive Peak ... ( read original story ...)
Hong Kong stocks follow global markets lower amid renewed trade war fears
The top gainers among H-shares were China Merchants Bank Co Ltd up 2.11 per cent ... trading at a premium of 29.82 per cent over the Hong Kong-listed H-shares. The price-to-earnings ratio of the Hang Seng index was 13.16 as of the last full trading ... ( read original story ...)
Hong Kong election gauges city’s stomach for defying Beijing
Hong Kong residents voted Sunday in by-elections that give opposition supporters the chance to recapture lost ground in a contest measuring voters' appetite for democracy in the semiautonomous Chinese city. The vote pitted pro-Beijing loyalists against ... ( read original story ...)
Hong Kong democrats seek to recapture lost ground in by-elections
... on Sunday raised alarms in the city's pro-democracy camp while some voters also voiced concerns over Hong Kong's future in the wake of news that Chinese President Xi Jinping could stay in power indefinitely. Only one-third of the city's 2.1 million ... ( read original story ...)
Mystery Hong Kong investors bet on low-cost start-up carrier Air Belgium
A mystery group of Hong Kong investors is backing a new long-haul budget carrier, betting on the rise of low-cost travel despite the wafer-thin margins of the airline industry. Ambitious start-up Air Belgium, which has not sold a single air ticket yet ... ( read original story ...)
Hong Kong democrats seek to recapture lost ground in key by-elections
HONG KONG (Reuters) - Polling kicked off across Hong Kong in crucial by-elections on Sunday, with opposition democrats urging the city's 2.1 million eligible voters to cast "protest" ballots against perceived meddling from China's Communist Party rulers. ( read original story ...)
Hong Kong elects new lawmakers as city faces decades of Xi Jinping rule
Pro-Beijing parties hold a near unassailable majority in Hong Kong's legislature, LegCo, thanks to the functional constituency system, which allocates seats to certain business, trade and civil society groups, the majority of which take their lead from China. ( read original story ...)
Election tests Hong Kong’s stomach for defying Beijing
HONG KONG – Hong Kong residents voted Sunday in by-elections that give opposition supporters the chance to recapture lost ground in a contest measuring voters' appetite for democracy in the semiautonomous Chinese city. The vote pits pro-Beijing loyalists ... ( read original story ...)
UBS banned from sponsoring IPOs in Hong Kong for 18 months
The Hong Kong securities regulator has banned UBS from sponsoring initial public offerings for 18 months, after an investigation into the Swiss bank’s role in certain listings on the city’s stock exchange. In a blow to its Asian investment banking ... ( read original story ...)
Will Hong Kong’s problem with long working hours ever come to an end?
Event manager Samantha Chan was forced to work 36 hours straight at one point without a proper rest – quite a feat even in a city such as Hong Kong where employees put in some of the longest hours in the world. “Life is all about work,” Chan ... ( read original story ...)
Hong Kong bank weighing use of facial ID at ATMs
Hong Kong-based Hang Seng Bank plans to expand its use of fintech in mobile banking services. Additionally, based on consumer uptake of the facial recognition feature of iPhone X, the bank is considering the use of facial recognition technology at its ATMs ... ( read original story ...)