Flush with liquidity, banks have barely increased mortgage costs even as the Hong Kong Monetary Authority mirrors Federal Reserve rate increases. (The Hong Kong dollar is pegged to the U.S. currency.) A 25-year mortgage is available for as little as an ... ( read original story ...)
Ben Ng
Hong Kong has announced plans to launch a public annuity scheme through the government-owned Hong Kong Mortgage Corporation (HKMC). If you are planning for retirement, you will now face a fresh dilemma: Should you opt for... ( read original story ...)
Battered Hong Kong and Macau brace for Pakhar, more flooding
HONG KONG, Aug 27 (Reuters) - Hong Kong and Macau braced for severe tropical storm Pakhar on Sunday, just four days after one of the strongest typhoons on record, Hato, caused serious flooding and damage in the territories. Both cities issued their third ... ( read original story ...)
Why start-ups like to set up in Singapore but list in Hong Kong
Still, the overall Hong Kong IPO market is more robust. It has raised four times more funds than Singapore so far this year, totalling US$8 billion in 92 IPOs. The island republic has raised only US$2 billion from 13 IPOs, according to Thomson Reuters data. ( read original story ...)
Storm Pakhar hits Hong Kong and Macau days after deadly Hato
HONG KONG (Reuters) - Tropical storm Pakhar brought strong winds and heavy rain to Hong Kong and Macau on Sunday, just four days after one of the strongest typhoons on record, Hato, caused serious flooding and damage in the territories and killed at least ... ( read original story ...)
Student mentor wanted from elite US university? Hong Kong start-up has you covered
On the other side of an unassuming doorway in Hong Kong’s busy downtown district of Sheung Wan, a team of people work tirelessly to bring together young people from different corners of the world. Founded by two Yale University alumni who met during ... ( read original story ...)
Hong Kong domestic helpers call for 27.6 per cent pay rise, bringing monthly salary to HK$5,500
Domestic helpers in Hong Kong on Friday called for a 27.6 per cent pay rise, which would bring their monthly wage to about HK$5,500. The move comes ahead of an annual salary review by the Labour Department. In a meeting with the department, 12 ... ( read original story ...)
‘Ungrounded’ attacks on Hong Kong’s judiciary are a threat to the city’s rule of law, say legal experts
Two leading legal professionals have defended the court judgement which sent three Hong Kong pro-democracy student leaders to jail, saying the “ungrounded” attacks on the judiciary would undermine the city’s rule of law. Senior Counsel Paul Lam Ting ... ( read original story ...)
French insurer AXA to cut about 250 technology jobs in Hong Kong: sources
HONG KONG (Reuters) - French insurer AXA SA is cutting about 250 jobs from its information technology (IT) operations unit in Hong Kong, as part of a cost reduction exercise, according to two people with knowledge of the matter. Under the restructuring ... ( read original story ...)
China’s R&F Properties roars back into the spotlight on Wanda deals
HONG KONG (Reuters) - Once the leader of the elite group of developers known as the "Five South China Tigers", Guangzhou R&F Properties 2777.HK gradually became overshadowed by bigger beasts, but it's now back in focus even as many rivals shy from the ... ( read original story ...)
Typhoon Hato shuts down Hong Kong with gusts of up to 129mph
Flights were grounded by Cathay Pacific and Hong Kong Airlines, and rail services cancelled. Hato went on to make landfall in mainland China, forcing the evacuation of thousands of people along the coastline and ferry services to be halted, Xinhua News ... ( read original story ...)
Clean up begins in Hong Kong after Typhoon Hato destruction
A clean up operation has started after Typhoon Hato tore through Macau, Hong Kong and mainland China leaving behind a trail of destruction. ( read original story ...)
Hong Kong eSports Festival 2017 early results, stream ft. Haitani, Daigo, Fuudo, MOV, Kazunoko, Infiltration, Momochi, Poongko, GamerBee and more
This weekend is particularly high stakes, with the Hong Kong eSports Festival 2017 being a Premier event, taking place in Hong Kong, as the name would suggest. Since Street Fighter 5 as the only fighting game being played, you're in luck if this happens to ... ( read original story ...)
Deadly Typhoon Hato rips through Macau, Hong Kong, China
Hong Kong: Typhoon Hato ripped a path of destruction across southern ... at least four people died and 26,817 people evacuated to temporary shelters, the official Xinhua news agency said. Nearly two million households were briefly without power. ( read original story ...)