SHANGHAI, Dec 13 (Reuters) - China stocks dipped slightly as financial shares weighed, while the Hong Kong market was firm ahead of a widely expected interest rate hike from the U.S. Federal Reserve. ** At 04:05 GMT, the Shanghai Composite index was down 3 ... ( read original story ...)
Techs, financials help Hong Kong shares rise for third day
HONG KONG (Nikkei Markets) -- Hong Kong shares rose for a third day, helped by an extended rebound in technology companies and gains in financial heavyweights amid expectations that U.S. interest rates are poised to rise. The Hang Seng Index added 1.1% at ... ( read original story ...)
Hong Kong’s regulator, anti-graft body poised for more joint probes on financial malfeasance
An unprecedented joint probe into alleged corruption at a financial services firm by Hong Kong’s market regulator and anti-graft body will “set the scene for future investigations” of a similar nature, the head of the city’s Securities and Futures ... ( read original story ...)
Hong Kong stocks rally, aided by services and financial firms
Dec 13 (Reuters) - Hong Kong stocks rebounded on Wednesday, underpinned by services and financial firms. ** At close of trade, the Hang Seng index was up 428.22 points or 1.49 percent at 29,222.10. The Hang Seng China Enterprises index rose 1.83 percent to ... ( read original story ...)
Tencent-backed We Doctor seeks overseas expansion as it prepares for Hong Kong IPO
according to McKinsey & Co. An overstretched public healthcare system and a lack of doctors is creating demand for premium services - attracting both domestic and foreign medical firms. Chen said Hong Kong made more sense as a venue for We Doctor as the ... ( read original story ...)
InterContinental Grand Stanford Hong Kong Recorded Repeated Wins of World’s Leading Luxury Business Hotel
HONG KONG, Dec. 13, 2017 /PRNewswire/ -- InterContinental Grand Stanford Hong Kong has again triumphed at the World Travel Awards (WTA) Grand Final Gala Ceremony 2017 held in Vietnam, garnering the biggest recognition as World's Leading Luxury Business Hotel. ( read original story ...)
Yes, Hong Kong’s an expensive city, but don’t put too much store by those cost of living surveys
and gains publicity in its target client base by thus showing its knowledge of its business. But I still say it is simplistic. Take, for instance, this bit about petrol costing much more in Hong Kong than it does in New York. One reason is that we tax the ... ( read original story ...)
Nano flats sell for HK$3m as property prices predicted to soar 20 per cent in 2018
Small certainly doesn’t come cheap, when it comes to Hong Kong property. A block full of tiny flats in Yuen Long – a new town far from the centre of the city – are being sold for at least HK$2.99 million (US$383,000) per unit, making it one of the ... ( read original story ...)
Li Ka-shing bets on Hong Kong AI start-up to parse Chinese call centre industry’s Tower of Babel
Billionaire Li Ka-shing is betting on a little-known Hong Kong start-up that uses artificial intelligence (AI) to sieve through tens of thousands of daily call-centre conversations conducted in China’s major dialects. Fano Labs, which is a specialist in ... ( read original story ...)
HK online rental platform finalist in global startup contest
Like startups involved in artificial intelligence, real estate-focused new technology businesses also have opportunities to showcase their strengths at a global event, a fact that a Hong Kong firm will readily attest. SnapFlat, an online rental platform ... ( read original story ...)
Hong Kong redevelopment specialist reveals HK$15 billion plan for new business centre
CSI Properties unveiled a plan for an office-retail-hotel project, to be developed as a joint venture with Wing Tai Properties on a recently acquired plot next to SoHo, at an estimated cost of HK$15 billion (US$1.9 billion). “The site will be connected ... ( read original story ...)
Tencent leads Hang Seng lower ahead of likely U.S. rate hike
The top gainers among H-shares were PetroChina Co Ltd up 1.17 percent, followed by Industrial and Commercial Bank of China Ltd ... 30.90 percent over the Hong Kong-listed H-shares. ** The price-to-earnings ratio of the Hang Seng index was 13.21 as of ... ( read original story ...)
U.K. banker back in Hong Kong court to appeal murder conviction
HONG KONG - A British banker sentenced to life in prison for the gruesome slayings of two Indonesian women appeared in a Hong Kong court on Tuesday in a bid to appeal his conviction. Lawyers for Rurik Jutting presented their arguments in the semiautonomous ... ( read original story ...)
How urban renewal cost Hong Kong historic business districts and handed developers big profits
Hong Kong’s urban history may be relatively short, but the city has been developed and redeveloped so many times it already has the layers of a much older metropolis. Next time you walk through a glitzy shopping centre or the lobby of a high-end office ... ( read original story ...)