Mongolian coal producer SouthGobi Resources Ltd.’s CEO was detained in China as a suspect in a fraudulent loan case, the latest Hong Kong-listed company linked to allegations of misconduct. SouthGobi shares fell as much as 13.6 percent, the most in four ... ( read original story ...)
Hong Kong: 20% of residents live in poverty
A record number of Hong Kong residents live in poverty, with one fifth of the population falling below the poverty line despite economic growth, according to new government figures. The number of people living below the poverty line rose to 1.35 million in ... ( read original story ...)
Mom and Pop Pile Into Hong Kong IPOs With $163 Billion Bonanza
Mom-and-pop investors haven’t been this crazy for Hong Kong initial public offerings since 2009. Hong Kong retail stock buyers placed orders for $163 billion worth of equity in this year’s major deals, according to data compiled by Bloomberg. ( read original story ...)
Hong Kong stocks hit fresh 10-year high as insurers and Tencent lead gains
Hong Kong stocks hit a fresh 10-year high on Thursday ... according to a gauge tracking the price gap between the two markets compiled by Hang Seng Bank. In the mainland, the Shanghai Composite added 0.4 per cent, or 12.33 points, to 3,427.79. ( read original story ...)
Hong Kong feels coldest weather this autumn after temperatures drop seven degrees in 24 hours
The long-awaited winter weather finally arrived in Hong Kong on Sunday as temperatures plunged about seven degrees from Saturday. It is expected to get even colder throughout the week, with temperatures dropping to new autumn lows since the season began in ... ( read original story ...)
‘Innovation’ needed to capitalise on Greater Bay Area, Hong Kong official says
“Innovation” and “breakthroughs” are needed to enable the flow of people, logistics, capital and information brought about by the development of the Greater Bay Area, a top Hong Kong official said following the latest round of talks between the ... ( read original story ...)
Asia embracing digital banking faster than elsewhere, and that includes Hong Kong, says HSBC
When it comes to technology in financial services, the pace of change in mainland China has been rapid, as shown by the latest flood of tech Chinese firms seeking to list in Hong Kong. HSBC is also embracing fintech in its mainland China operations ... ( read original story ...)
Three unanswered questions over the signing of Hong Kong’s controversial joint rail checkpoint deal
With the stroke of a pen from Hong Kong chief executive Carrie Lam Cheng Yuet-ngor and Guangdong provincial governor Ma Xingrui on Saturday, a 26km strip of Hong Kong land is set to be leased out to mainland China. There, mainland law applies, including ... ( read original story ...)
Meet one of Hong Kong’s last neon sign makers and learn why LED lights haven’t put him out of business
A festival of light in Hong Kong this week will, among other things, champion the city’s neon signage. As well as teaming up with artists to create 16 works at sites on Hong Kong Island and in Kowloon, Lumieres Hong Kong, which runs from November 23 to ... ( read original story ...)
BOC tilts toward ASEAN
Bank of China (3988) is to transfer its business in Vietnam and Philippines to BOC Hong Kong (2388). BOCHK will expand its business to the ASEAN region through the proposed transfer, enhancing the bank's regional customer service capabilities, boosting ... ( read original story ...)
Hong Kong’s bitcoin businesses suffer after local bank accounts frozen
Hong Kong’s bitcoin entrepreneurs say they have been forced to open bank accounts overseas to operate their businesses, after local banks froze or closed their accounts, threatening the city’s push to become a fintech hub. Staff at Hong Kong-based ... ( read original story ...)
Hong Kong Disneyland fireworks staff see jobs go up in smoke
Hong Kong Disneyland will lay off “fewer than 10” of its fireworks staff after it said it would temporarily suspend the nightly pyrotechnics shows amid the park’s expansion plans. A Hong Kong Disneyland spokeswoman said they made the decision to fire ... ( read original story ...)
Hong Kong high school dropout, 70, on course for master’s degree in fine arts
After a few months working on the mainland, Ho came back to Hong Kong and worked as a construction worker ... “I didn’t know he was 70 until I read about him in the news,” says Ma, who taught Ho painting in the final year of his four-year programme. ( read original story ...)
Kidambi Srikanth to skip Hong Kong Open
"I had skipped the China Open to take rest. I will play in Hong Kong. The team is leaving today," he said. Get latest news & live updates on the go on your pc with News App. Download The Times of India news app for your device. ( read original story ...)