Pro-Beijing parties hold a near unassailable majority in Hong Kong's legislature, LegCo, thanks to the functional constituency system, which allocates seats to certain business, trade and civil society groups, the majority of which take their lead from China. ( read original story ...)
Election tests Hong Kong’s stomach for defying Beijing
HONG KONG – Hong Kong residents voted Sunday in by-elections that give opposition supporters the chance to recapture lost ground in a contest measuring voters' appetite for democracy in the semiautonomous Chinese city. The vote pits pro-Beijing loyalists ... ( read original story ...)
UBS banned from sponsoring IPOs in Hong Kong for 18 months
The Hong Kong securities regulator has banned UBS from sponsoring initial public offerings for 18 months, after an investigation into the Swiss bank’s role in certain listings on the city’s stock exchange. In a blow to its Asian investment banking ... ( read original story ...)
Will Hong Kong’s problem with long working hours ever come to an end?
Event manager Samantha Chan was forced to work 36 hours straight at one point without a proper rest – quite a feat even in a city such as Hong Kong where employees put in some of the longest hours in the world. “Life is all about work,” Chan ... ( read original story ...)
Hong Kong bank weighing use of facial ID at ATMs
Hong Kong-based Hang Seng Bank plans to expand its use of fintech in mobile banking services. Additionally, based on consumer uptake of the facial recognition feature of iPhone X, the bank is considering the use of facial recognition technology at its ATMs ... ( read original story ...)
The hidden racism plaguing Hong Kong, and how one student is fighting back
Hong Kong-raised Lamia Sreya Rahman is not yet fluent in Cantonese despite having studied the local dialect for more than a decade. It’s not because she is lazy or anything to do with her Bangladeshi ancestry. Rather, it’s because what she was taught ... ( read original story ...)
How this US writer’s Hong Kong love story got its ‘Ferry Tale’ ending
Her early publications though – a memoir and a love story – draw heavily from her life in Hong Kong. It all started in 2007 at a fencing club in London, where Young met a young Eurasian man who was to change her life forever. “He was originally from ... ( read original story ...)
Hong Kong’s democracy movement fears new setback in legislative vote
HONG KONG (NYTIMES) - Hong Kong's pro-democracy camp fears the movement could be dealt a further setback when voters go the polls Sunday (March 11). The expected loss of seats in the territory's legislature, democracy activists say, is the result of a ... ( read original story ...)
Hong Kong’s biggest housing sale starts with a roar as thousands vie for Wheelock’s Lohas Park units
Hong Kong’s housing market is showing no sign of slowing, as a throng of 9,800 prospective buyers vied to get their hands on the biggest launch of newly built apartments this year, before the city’s mortgage payments rise in tandem with higher interest ... ( read original story ...)
Hong Kong securities regulator suspends UBS as IPO sponsor for 18 months
Hong Kong’s securities regulator has blocked UBS from sponsoring initial public offerings for 18 months, the Swiss bank said in its annual report released on Friday, adding it planned to appeal against the decision. The Securities and Futures Commission ... ( read original story ...)
Hong Kong and mainland stocks rise after China’s export data blow past estimates
Hong Kong and mainland stocks ended higher on Thursday after China’s exports significantly exceeded estimates, bolstering optimism about the strength of the world’s second-largest economy. The Hang Seng Index rose 1.5 per cent, or 457.60 points ... ( read original story ...)
Hang Seng rebounds to close up 624 points
Stocks in Hong Kong rebounded today, tracking overnight gains on Wall ... Only four blue-chips fell today. Hang Seng Bank (0011) slid 0.49 percent to HK$184.10 and Bank of East Asia (0023), the biggest loser on the benchmark, dropped 0.59 percent to ... ( read original story ...)
Hong Kong’s budget funding for innovation is a smart start
Will the HK$50 billion investment in innovation and technology, along with other initiatives in the budget, contribute to building the desired culture of innovation in Hong Kong? In addition, what more should the government be doing in its role as ... ( read original story ...)
UBS banned from Hong Kong IPOs for 18 months
Around a third, 32.5%, of its Asia-Pacific IPO revenues last year, or $21.1m, were generated from listings in Hong Kong, according to Dealogic. The Swiss bank, which finished second in the Hong Kong IPO revenue league table in 2017, is appealing the ... ( read original story ...)