All three of Hong Kong’s banks will be issuing new $500 and $1,000 notes this year. The Standard Chartered Bank’s $500 note is shown here. Original images courtesy of Hong Kong Monetary Authority. The ... ( read original story ...)
Hong Kong helps banks develop innovative and convenient services
Open APIs, in this context, refer to APIs that allow third-party access to systems belonging to a bank, while ensuring adequate security and consumer protection measures. Hong Kong, however, seemed to ... ( read original story ...)
Renowned Hong Kong cartoonist Yim Yee-king, also known as Ah Chung, dies at 85
Renowned Hong Kong cartoonist Yim Yee-king died in Los Angeles in the early hours of Saturday, just three days after he turned 85, his family announced on Monday. In a Facebook post on memorial page A... ( read original story ...)
Hong Kong police’s anti-fraud squad froze HK$530 million lost to scammers over past year, with plans to expand unit
Hong Kong’s police force will increase manpower at its anti-fraud squad by a third, after receiving more than 22,000 calls over the past year and thwarting the transfer of HK$530 million (US$68 millio... ( read original story ...)
HKMA guidelines on smart banking to help Hong Kong bridge the gap on innovative services with other markets
Hong Kong lags behind other developed markets in allowing banks to work with third party service providers to deliver a “smart banking experience” but the Hong Kong Monetary Authority’s latest guideli... ( read original story ...)
Lack of funding hounds Hong Kong startup ecosystem
The challenge in accessing funding remains a major obstacle for Hong Kong’s plan to become a hub for startups in Asia. In this regard, Singapore continues to be the most dominant market. Aside from th... ( read original story ...)
This Isn’t the Moment to Bet Against Hong Kong Property
Hong Kong’s banks are finally raising mortgage rates. This won’t stem price gains in the world’s most expensive city for real estate. Already up 14 percent this year, Hong Kong’s home prices now overs... ( read original story ...)
Flight Review: Japan Airlines 777 Business Class Sky Suites Hong Kong To Tokyo
On a recent work trip in June, I took Japan Airlines Business Class from Hong Kong to Narita International Airport at Tokyo. The short 4 hour 30 minute flight took place in the late afternoon, and Jap... ( read original story ...)
The Fringe Idea Fueling China’s Hong Kong Crackdown: QuickTake
Occupying a corner of China smaller than Los Angeles, Hong Kong has never been seen as a viable candidate for nationhood. Nonetheless, a small, but vocal independence movement has emerged to challenge ... ( read original story ...)
The new hot jobs at HSBC in Asia as region’s profit share reaches 87%
HSBC’s results for the first half of 2018 lay bare the extent of the bank’s reliance on Asia. Led by Hong Kong, the region generated 87.6% of its pre-tax profits. Europe, by contrast, contributed 1%. ... ( read original story ...)
Neat is a challenger bank for early-stage startups and SMEs
They do exist. One of the newer options is Neat, which is nested in Hong Kong but open for business worldwide. The startup started off following the same track as the likes of Monzo, Starling and Revo... ( read original story ...)
How to save Hong Kong maids from loan sharks
was looking for an altruistic business opportunity when Joy Tadios-Arenas – an expert on migration and former assistant professor at City University of Hong Kong – told him about the lack of ethical o... ( read original story ...)
Can a new US-based education initiative change Hong Kong’s obsession with exam grades?
In an effort to spur reform in Hong Kong’s secondary schools, one independent school head is challenging convention by joining a US-based education coalition dedicated to moving away from traditional ... ( read original story ...)
Hong Kong government tries to make an example of a small opposition party
HONG KONG - A tiny and previously little-known political party with no elected lawmakers would have languished on the fringes of Hong Kong's political sphere were it not for attempts by the city's gov... ( read original story ...)