“We may see sudden spikes in Hibor and the Hong Kong dollar more often in the future, as the seizable drop in aggregate balance has made banks more concerned with liquidity shortage,” OCBC Wing Hang B... ( read original story ...)
Hong Kong firm Summer Capital joins fundraising for Swiss crypto-bank SEBA Crypto AG
Hong Kong investment firm Summer Capital has taken a stake in start-up SEBA Crypto AG, which aspires to be the first cryptocurrency investment bank, pending approval of its license application before ... ( read original story ...)
Hong Kong refuses to renew visa of Financial Times editor Victor Mallet
The Hong Kong Journalists Association is shocked by the Hong Kong Government's refusal of the application for a renewal of the working visa of veteran journalist Victor Mallet, who is also the First V... ( read original story ...)
Hong Kong business chambers play down concerns over Financial Times journalist Victor Mallet’s visa refusal
Two major business chambers on Sunday played down concerns over the Hong Kong government’s decision not to renew a working visa for veteran journalist Victor Mallet after he chaired a Foreign Correspo... ( read original story ...)
With few takers on the property market, jittery individual owners cut prices by up to HK$800,000
Hong Kong’s property market is coming under stress. Jittery individual owners, aware of the risks from rising mortgage rates, turbulent stock market and weakening economic outlook, are offering massiv... ( read original story ...)
Fake Hong Kong diamonds by Nirav Modi cost me US$200,000 – and my fiancée
In January, the Punjab National Bank (PNB)filed an initial criminal complaint accusing ... By April, Indian authorities, believing that the jeweller was in Hong Kong, submitted a request to the city’s ... ( read original story ...)
Hong Kong rejects visa for FT editor Victor Mallet
Hong Kong has refused to renew a work visa for the Asia news editor of the Financial Times, sparking concerns from the UK government. Victor Mallet is also vice-president of the city's Foreign Corresp... ( read original story ...)
Flat sale results in Hong Kong offer proof that world’s priciest housing market is cooling off
LePont is one of the first projects to be sold after Hong Kong commercial banks raised benchmark lending rates for the first time in 12 years by 12.5 basis points last Thursday. The move effectively i... ( read original story ...)
Maternity leave in Hong Kong: can Chief Executive Carrie Lam bring city in line with Singapore and South Korea without riling the business community?
Mother-to-be Erica Wong Wing-yan heaved a sigh of relief when her company increased maternity leave from the statutory 10 weeks to 14 weeks this year. The Hongkonger and her husband, both 33, are expe... ( read original story ...)
STX Re-evaluating Hong Kong IPO, Contemplates Shift To New York Public Markets
EXCLUSIVE: STX Entertainment is re-evaluating making its initial public stock offering on the Hong Kong Stock Exchange and is contemplating, among its options, whether to sell shares on one of the ... ( read original story ...)
Hong Kong stocks suffer biggest weekly loss in eight months
The worst blue-chip performer was Link Reit, Asia’s biggest property investment trust, which dropped 3 per cent to HK$70.95 after investment bank Nomura downgraded and reduced its target price, predic... ( read original story ...)
Faster payment system pushes HK towards cashless society
The Hong Kong Monetary Authority (HKMA), the de facto central bank, has recently unveiled the Faster Payment System (FPS). The system, operated by Hong Kong Interbank Clearing Limited, allows instant ... ( read original story ...)
Hong Kong refuses visa for FT journalist who hosted independence speech
HONG KONG (Reuters) - Hong Kong has refused to renew a work visa for a Financial Times journalist who chaired a speech by an independence activist at the Foreign Correspondents' Club, a decision that ... ( read original story ...)
Hong Kong Plans to Expel a Financial Times Editor
HONG KONG — The Hong Kong government has declined to renew the visa of a journalist for The Financial Times, a move that would result in his de facto expulsion and deepen concerns about the deteriorat... ( read original story ...)