Three Hong Kong-based start-ups on Tuesday each won up to US$1 million in investment from the Alibaba Hong Kong Entrepreneurs Fund’s Jumpstarter competition. Surgical robotics firm CuttingEdge MedTech, green energy solutions provider En-Trak and ... ( read original story ...)
Hong Kong entrepreneurs on how to make your start-up a success
It is almost 6pm on a Friday and Janet Middlemiss is running around the WeWork office in Wan Chai. She is jumpy because the soft launch is taking place for Born to be the Boss, a self-help guide for budding entrepreneurs that Middlemiss co-authored with ... ( read original story ...)
Hong Kong Banks Shun Bitcoin, Driving Startups to Seek Foreign Banks
Hong Kong banks have frozen and closed accounts of bitcoin businesses, forcing the companies to open foreign accounts, according to the South China Morning Post. A representative of Hang Seng Bank advised the Gatecoin exchange on Sept. 15 that its account ... ( read original story ...)
Hong Kong bourse ‘needs to create conditions’ to attract listings from technology firms
The rules of the main board of Hong Kong’s stock exchange should be reviewed so that Chinese technology companies with dual-class share structures could list, boosting the city’s attractiveness as a destination for firms to go public. That was the view ... ( read original story ...)
HSBC Fined a Record $51 Million Over Lehman-Linked Products
HSBC Holdings Plc’s private-banking unit was fined a record HK$400 million ($51 million) over sales of structured products linked to Lehman Brothers Holdings Inc. in Hong Kong. HSBC Private Bank (Suisse) SA will have its license to advise on securities ... ( read original story ...)
Hong Kong finance chief seeks mainland tax break for city’s researchers
Hong Kong’s financial secretary said on Tuesday that he wanted researchers from the city who go to the mainland to develop new technology to be exempted from paying tax there. But Paul Chan Mo-po admitted that the response to that idea in Beijing had ... ( read original story ...)
HSBC Private Bank fined record HK$400m, as appeals tribunal concludes earlier SFC sanction ‘was correct’
HSBC Private Bank (Suisse) has been fined a record HK$400 million (US$51.2 million) by the Securities and Futures Commission, after losing its appeal against a 2015 ruling for misconduct relating to the sale of structured products linked to Lehman Brothers. ( read original story ...)
US arrests ex-Hong Kong and Senegal officials in bribery case
These are external links and will open in a new window US authorities have arrested a former home secretary of Hong Kong and Senegal's ex-foreign ... the Ugandan foreign minister at the time to secure business advantages for the Chinese firm. ( read original story ...)
Hong Kong tribunal fines HSBC private bank $51 million for Lehman-linked products
HONG KONG (Reuters) - A Hong Kong tribunal on Tuesday imposed a fine of HK$400 million ($51 million) on the private banking unit of HSBC (HSBA.L) in a case related to the sale of Lehman Brothers-linked structured financial products between 2003 and 2008. ( read original story ...)
HSBC Has Fine Over Lehman Products Reduced in Hong Kong
SFC originally imposed HK$605 million penalty on HSBC HSBC Holdings Plc’s private-banking unit was fined HK$400 million ($51 million) over sales of structured products linked to Lehman Brothers Holdings Inc. in Hong Kong, a smaller penalty than the city ... ( read original story ...)
Phones for urns: Hong Kong turns to virtual reality to honor ancestors
HONG KONG (Reuters) - A lack of space for cemeteries in crowded Hong Kong clashes with the age-old Chinese tradition of reverence for one’s ancestors. But one entrepreneur uses virtual reality software to reconcile the two, allowing people to honor ... ( read original story ...)
Jail likely for Hong Kong man guilty of abandoning special needs son in Singapore
A Hong Kong man with financial woes who brought his deaf-mute and mentally disabled son to Singapore and abandoned him there in 2014 – believing he would be better cared for in the city state – admitted his guilt in court on Tuesday. Construction ... ( read original story ...)
Hong Kong jockeys raids restricted but allowed to ride in the Sydney carnival
The Sydney carnival may be the only chance for punters to see stars of the saddle Joao Moreira, Tommy Berry, Zac Purton and Nash Rawiller ride in Australia next year after a ruling from Hong Kong Jockey Club on Monday. Tougher rules: Joao Moreira and ... ( read original story ...)
Here’s what you should consider when conducting business meetings in Hong Kong
In the heart of Hong Kong’s dynamic world famous Victoria harbor sits a world of elegance, where no luxury is out of reach. Grand Hyatt Hong Kong redefines hotel luxury and offers facilities and amenities to meet your every need. You can watch ... ( read original story ...)