Jan 23 (Reuters) - Hong Kong stocks closed marginally higher on Monday, thanks to support from a solid resource sector. Both the benchmark Hang Seng index and the Hong Kong China Enterprises Index were up 0.1 percent at the close, to 22,898.52 points and ... ( read original story ...)
Singapore, HK are finance, fintech partners, not rivals: Analysts
HONG Kong and Singapore are often pitted against each other as rival international finance and fintech hubs, but analysts say the two cities should be seen as partners - a view fintech companies seem to support too. After a successful launch in Singapore ... ( read original story ...)
Hong Kong named most expensive housing market in the world for the seventh straight year
Hong Kong has retained its ranking as the least affordable city in the world to buy a home, with average flat prices standing at 18.1 times gross annual median income, according to US- based Demographia. The dubious honour was bestowed on the city for the ... ( read original story ...)
Hong Kong’s ‘primary connect’ proposal to attract international firms faces many hurdles
A proposal by Hong Kong Exchanges and Clearing to introduce a “primary connect” would upgrade Hong Kong stock listings and existing cross border trading schemes to a new level, but the suggestion faces many obstacles before it could be successfully ... ( read original story ...)
‘Independent kingdom’ at Hong Kong arts hub ruled out
A plan to grant the West Kowloon Cultural District Authority (WKCDA) development rights to a giant strip of hotels, offices and homes will not turn the body into a property developer ... upholding the core values of Hong Kong. In a surprise move, Chief ... ( read original story ...)
Buy-back value rises sharply as Cheung Kong Property repurchases shares worth HK$861 million
There was cautious trading by directors and companies ahead of the inauguration of the US president, with insider activity flat while buy-backs fell, based on filings to the Hong Kong stock exchange ... by Cheung Kong Property Holdings of 16.83 million ... ( read original story ...)
Hong Kong Customs inspects Lunar New Year fairs
Divisional Commander (Intellectual Property General Investigation), Ms Phoebe Wong, said today that Hong Kong Customs would step up inspections in different districts, including at Lunar New Year fairs, and take stringent enforcement actions against ... ( read original story ...)
Li Ka-Shing Sees Hong Kong Property Prices Rising Amid Curbs (1)
(Bloomberg) -- Hong Kong’s richest man Li Ka-shing expects property prices in the city will rise “a little bit” this year, even as the government takes steps to cool the world’s costliest real estate market. The government in November increased the ... ( read original story ...)
Luanda beats London, Hong Kong and Singapore as most expensive city for expatriates
Data points used to calculate the monthly average living costs in each city comprised of averages for monthly rent for a one-bedroom property close to the city ... the average moving cost of relocating to Hong Kong was the highest, at $3,877.29. ( read original story ...)
Hong Kong hasn’t tightened GEM rules far enough, lawmaker says
Hong Kong’s securities regulators must tighten the rules and take tougher action to enhance the liquidity of shares listed on the city’s Growth Enterprise Market, or GEM, to instil confidence in a market where even companies that lack a profit track ... ( read original story ...)
Hong Kong withdraws visa-free facility for Indian
Beijing: In a setback to Indian travellers, Hong Kong, a special administrative region of China, has withdrawn the visa-free facility for Indians who will have to complete a pre-arrival registration from Monday. “The Pre-arrival Registration for Indian ... ( read original story ...)
Hong Kong legislation on alcohol sale ban to minors ‘not enough’
“The problem in Hong Kong is that there is a sense that the admission of alcoholism is not encouraged. Act quickly to end the scourge of underage drinking “There is no awareness of what it means for a young person to have a drinking problem. ( read original story ...)
Huge Hong Kong police operation ‘to prepare for the worst’ at three hotspots over holiday
They are equipped with high-level anti-riot gear, including the newly added pepper balls and paintball guns. Youngspiration and the Hong Kong National Party received a letter from the head of the Food and Environmental Hygiene Department on Tuesday and ... ( read original story ...)
Hong Kong’s democrats say no to China’s treasures
Not so, when the city is Hong Kong, and when the Palace Museum, which occupies most of Beijing’s vast Forbidden City, is doing the offering. In December Hong Kong’s chief secretary, Carrie Lam, announced surprise plans to build a branch of the Palace ... ( read original story ...)