Indonesia’s top envoy in Hong Kong has called on the city’s government to step up action against loan sharking syndicates that target domestic helpers, who are usually forced to surrender their passpo... ( read original story ...)
Hong Kong’s MPF ranks near bottom of the class globally when it comes to adequate savings preparation, consultancy says
Hong Kong’s Mandatory Provident Fund ranks among the least adequate in the world in terms of seeing to the future needs of pensioners, ranking ahead of only India and Mexico among 34 worldwide markets ... ( read original story ...)
Hong Kong reclamation plan could earn city HK$1.6 trillion claims consultant to group that wanted project to be even bigger
Hong Kong will break-even on a controversial 1,700-hectare reclamation project off Lantau Island within 20 years and could make trillions of dollars from the deal, a member of a government-friendly th... ( read original story ...)
Hong Kong’s Tech Dreams Are Becoming a Nightmare
Hong Kong had already missed out on Alibaba Group Holding Ltd.’s IPO, the biggest in history, because Jack Ma and his team weren’t willing to give this up. The situation was clear: Allow dual-class li... ( read original story ...)
Hong Kong: HANG SENG INDEX (.HSI) Worth Watching
Hong Kong stocks also enjoyed a rebound on the day, with the Hang Seng Index HSI, +0.42% closing 0.4% higher, after falling almost 1% earlier. The index fell 1% for the week, ringing up its fourth str... ( read original story ...)
Hong Kong Property Billionaire Walter Kwok Dies, Family Says
Walter Kwok, the former chairman of Hong Kong real-estate developer Sun Hung Kai Properties Ltd., died Saturday morning at the age of 68, according to a statement from his family. “We are saddened to ... ( read original story ...)
Week In Review: Innovent’s Hong Kong IPO: Raising $422 Million At $2 Billion Valuation
Innovent Biologics of Suzhou plans to raise $422 million in its Hong Kong IPO at a $2 billion valuation, according to multiple media reports (see story). The company, formed in 2011, struck a major $1 ... ( read original story ...)
Financial services a promising prospect
The financial services sector is one of Hong Kong's pillar industries. It contributes to about 18% of our GDP but accounts for only 7% of our total employment. So it is a high value-added industry. In ... ( read original story ...)
Hong Kong’s SFC Warns Against Fake Clone of Merrill Lynch
has issued a warning against Merrill Lynch International (HK) Limited, a fraudulent clone posing as Merrill Lynch, an international investment bank with a presence in 75 countries, according to an SFC ... ( read original story ...)
Bitfinex and Tether Secure New Banking Partnerships
Bitfinex and Tether recently announced new banking partnerships in Hong Kong and the Bahamas, respectively. Previously, both companies, who reportedly share the same management, were clients of the No... ( read original story ...)
RHB Investment issues new call warrants over HK-listed firms
KUALA LUMPUR: RHB Investment Bank Bhd, the investment banking arm of RHB Banking Group, has issued 10 new call warrants over some of the world’s biggest Hong Kong and China companies. They include Ten... ( read original story ...)
Hong Kong Investor Who Exposed `Enigma Network’ Sees Another
The list centers around China Huarong and China Minsheng Banking Corp., two companies that helped finance ... Almost all the stocks identified as being part of the network fell in Hong Kong trading af... ( read original story ...)
Hong Kong stocks come off lows amid hopes for China support
HONG KONG (Nikkei Markets ... on Friday provided verbal support to ease unrest in the markets. People's Bank of China Yi Gang said the central bank is studying some targeted measures to ... ( read original story ...)
Hong Kong has more millionaires than ever before but loses out to rival Singapore on average wealth
Rival finance hub Singapore crept into the top 10, the only Asian market to do so. The average person there boasts a net worth of US$283,120, higher than Hong Kong’s US$244,672, putting the city state ... ( read original story ...)