“So far, we have received enquiries from over 10 local and overseas firms about setting up a virtual bank in Hong Kong,” said a spokeswoman for the Hong Kong Monetary Authority (HKMA). In addition, the HKMA will publish a revised guideline for the ... ( read original story ...)
Hong Kong stock market likely to fall after extended bull run
Hong Kong’s stock market is likely to open lower on Thursday after a mixed performance on Wall street overnight. The Hang Seng Index futures spot January contract was down 0.12 per cent, or 39 points, to 32,858 in the pre-trade session on Thursday morning. ( read original story ...)
OMD Hong Kong appoints senior digital business director
OMD Hong Kong has appointed Thomas Hebditch as senior digital business director. In this new role, Hebditch will be responsible for leading the agency’s digital growth strategy, ensuring the constant evolution of its digital product and strengthening ... ( read original story ...)
5 Small Business Investment Opportunities in Hong Kong [Infographic]
Thinking of starting your new business in Hong Kong and lacking new business ideas? Or looking for new business opportunities in Hong Kong? Starting a new business requires your complete determination and clarity about what you want and how you can grow ... ( read original story ...)
OMD Appoints Thomas Hebditch as Senior Digital Business Director in Hong Kong
OMD Hong Kong has appointed Thomas Hebditch as Senior Digital Business Director tasked with leading the agency’s digital growth strategy. Hebditch joins the Hong Kong office from sister agency Manning Gottlieb OMD in the UK, where he was Account Director ... ( read original story ...)
US official warns Hong Kong over North Korea smuggling, money laundering
Hong Kong (CNN)Hong Kong needs to do more to combat North Korean smuggling and money laundering in the city, a top US official has warned. The Asian financial hub has been linked to Pyongyang's efforts to violate sanctions. In December, South Korea seized ... ( read original story ...)
Hong Kong light pollution ruins residents’ sleep
Hong Kong is famous for its bright, neon skyline and billboards. In fact, the glow from the densely packed skyscrapers is one of the city's main attractions. But for many residents, Hong Kong's iconic lights and billboards are not a source of pride but of ... ( read original story ...)
Hong Kong Exchange Chief Confident Aramco Will List There
Saudi Aramco will eventually pick the Hong Kong Stock Exchange for its international listing, the bourse’s chief executive Charles Li told CNBC. He said that Hong Kong would make more sense than London, Tokyo, or New York—the other three exchanges on ... ( read original story ...)
Manhunt for employee accused of stealing HK$1 million from safe of Hong Kong bank
A citywide manhunt for a Hong Kong bank employee was launched by police on Wednesday after he was suspected of stealing HK$1 million (US$127,900) in cash from a safe. At 3pm, police said the 29-year-old man, who worked at the Siu Sai Wan branch of Bank of ... ( read original story ...)
Hong Kong Poly start-up is commercializing a contact lens that treats myopia in children
A start-up from Hong Kong Polytechnic University (PolyU) is commercializing a contact lens to treat short-sightedness in children. Also known as myopia, short-sightedness is a major cause of ocular morbidity in children, especially among the Chinese. ( read original story ...)
‘Cheesegrater’, ‘Walkie-Talkie’ deals make Hong Kong top buyers of London offices in 2017
Hong Kong investors pumped record amounts into London office deals in 2017, adding to the large volumes of international capital which are forcing property transactions out of the capital into the wider UK. Transactions from Hong Kong accounted for over a ... ( read original story ...)
EU diplomats call for release of seized Hong Kong publisher
The Hong Kong-based bookseller's current whereabouts remain unknown and Swedish officials confirmed that the Chinese ambassador to Sweden has been summoned over the incident twice. Chinese foreign ministry spokeswoman Hua Chunying told a news conference ... ( read original story ...)
US Treasury official presses Hong Kong, Beijing on NKorea
Treasury Undersecretary for terrorism and financial intelligence Sigal Mandelker said she told Hong Kong officials it should be harder for North Korea to use shell companies registered in the Asian business hub. Mandelker said she also repeatedly pressed ... ( read original story ...)
From start-ups to big guns: can more Hong Kong entrepreneurs make it big in mainland China?
The challenges of crossing the border Recent news that Hongkongers on the mainland will get to ... First, the angst-fraught question of identity. Hong Kong has been back in China’s fold for almost 21 years but many young Hongkongers remain uncomfortable ... ( read original story ...)