Protesters marched in Hong Kong Monday against suppression by Beijing as fears grow that freedoms in the semi-autonomous city are seriously under threat. Official numbers were way down on last year's ... ( read original story ...)
Hong Kong Activates ‘Faster Payment System’ with 450,000 Public Registrations
Hong Kong has become the latest nation to introduce a 24×7, instant payments system as a fintech upgrade for retail payments in the country. Aptly dubbed the Faster Payment System (FPS), the ... ( read original story ...)
DGAP-News: BOC International and Baader Bank sign a Memorandum of Understanding
Press release: BOC International and Baader Bank sign a Memorandum of Understanding Hong Kong/Unterschleissheim, September 28, 2018: BOC International Holdings Limited ("BOCI"), one of the top Chinese ... ( read original story ...)
Chinese banks hiring in Hong Kong to shake up their fintech
BoC isn’t the only Chinese bank taking on people to help with their emerging technology strategies in Hong Kong. At the other end of the seniority scale, CITIC has recently hired ‘fintech ... ( read original story ...)
China’s bullet trains are coming for Hong Kong’s airlines
Airlines have the advantage of loyalty from customers who collect frequent flyer miles, but even that may not be a big incentive, according to Ivan Zhou, an analyst with BOC International Holdings in ... ( read original story ...)
Rate hikes by local banks weigh down Hong Kong shares
HSBC's unit Hang Seng Bank, and rivals Standard Chartered and BOC Hong Kong Holdings all lifted their respective reference lending rates, also by 12.5 basis points. The four banks also increased ... ( read original story ...)
5 Hong Kong nationals nabbed for 107 kilos of shabu
Aquino said five Hong Kong nationals, two of them chemists ... Last year, the PDEA together with agents of the Bureau of Customs (BOC) confiscated P6.4 billion worth of shabu during raids on warehouse... ( read original story ...)
Hong Kong national a person of interest in shabu shipment
MANILA, Philippines — A Hong Kong man tagged as the local mastermind in a P6.8-billion ... worth of shabu contained in large steel cylinders that slipped through the BOC in May 2017. The cylinders wer... ( read original story ...)
Hong Kong stocks fall for a fifth month amid trade tensions
Adding to the pressure on the property sector in Hong Kong, banks including HSBC Holdings, Hang Seng Bank, Standard Chartered and BOC Hong Kong Holdings on Thursday raised their lending rates in ... ( read original story ...)
The surprising history of Hong Kong’s 120-year-old Star Ferry
Regarded as a cultural symbol by locals, the ferry transports thousands of passengers daily between Hong Kong island and the bustling Kowloon district -- for less than US$0.50 a ride. "It's an experie... ( read original story ...)
Hong Kong: HANG SENG INDEX (.HSI) Long Term Bearish Outlook
In Hong Kong, the sub-index of the Hang Seng index tracking energy shares rose 3.5 percent, while the IT sector gained 1 percent. The top gainer on Hang Seng was PetroChina Co Ltd, up 5.02 percent, wh... ( read original story ...)
Hong Kong welfare chief Law Chi-kwong hits back at Oxfam over ‘unfair’ income inequality report
Hong Kong’s welfare minister Law Chi-kwong has hit back at an “unfair” Oxfam report about the city’s worsening income inequality, saying the aid agency has not taken the government’s social help into ... ( read original story ...)
How long can Hong Kong ride the IPO wave before it turns into the dotcom tsunami of 2000?
A record number of Chinese tech and internet companies are rushing to launch IPOs overseas this year, amid the looming shadow of overall tightening credit conditions, which bears a lot of similarities ... ( read original story ...)
Hong Kong’s new fight against fast fashion
Global consumers purchased 60 percent more clothing in 2016 than in 2000 and only kept each item half as long, a report by McKinsey consultancy found. Hong Kong alone sends 343 tonnes of textiles to t... ( read original story ...)