A former financial minister for Hong Kong has identified the “ability to unite Hong Kong” as a key attribute for the leader who should govern the city in the next five years. Antony Leung Kam-chung, who previously described Financial Secretary John ... ( read original story ...)
Hong Kong Developers Go From First to Worst
Nov.30 -- Hong Kong developer stocks have gone from being the top performers to the worst, slammed by home price curbs and the expectation of rate hikes following Donald Trump’s win in the U.S. presidential election. Bloomberg's Kana Nishizawa reports on ... ( read original story ...)
Asia's wealth industry booting out clients in costly clean-up
The clean-up is mainly focussed on problematic clients in the Asian financial hubs of Singapore and Hong Kong, which manage more than $1 trillion of managed assets combined. Bankers expect a new round of consolidation among small wealth managers ... ( read original story ...)
China Waives Tax for Shenzhen-Hong Kong Connect
Dec.01 -- China will waive capital-gains taxes for foreign investors trading through the Shenzhen-Hong Kong exchange link, providing clarity ahead of the connect’s start on Dec. 5. Bloomberg's Sam Mamudi reports on "Bloomberg Markets." ( read original story ...)
Hong Kong Stocks Slide Ahead of U.S. Jobs Data; Casinos Plunge
Hong Kong stocks headed for a weekly drop ahead of the release of U.S. jobs data and Italy’s weekend referendum. Casino companies led declines on the index, while technology shares retreated following ... ( read original story ...)
Surging wealth gap haunts Hong Kong
More than a million people live in poverty in Hong Kong, a city best known for its big banks and glitzy shops. As Tara Joseph reports, high costs and low wages are denting the spirit of Asia's world City, where experts say the wealth gap is the highest in ... ( read original story ...)
Hang Seng Hits 3-Week High, Rising Yields Trigger Caution
The People’s Bank of China (PBOC ... the threat of higher yields in Hong Kong, which would also pose important risks to the economy, especially in the property sector. After opening slightly higher, the Hang Seng index advanced firmly during the morning ... ( read original story ...)
Hong Kong malls bet on local demand to ride out sales slump
HONG KONG Hong Kong mall operators and retailers, plagued by a prolonged slump in sales, are now digging deep in to the local market to revive their business that has slowed due to a plunge in the number of visitors from mainland China. Chinese-controlled ... ( read original story ...)
Hong Kong, China markets gain as oil and gas stocks soar on Opec deal
Oil and gas stocks surged over 3 per cent after a deal by major oil producing countries to cut production, pushing Hong Kong and mainland markets higher on Thursday morning. Hong Kong kicked off December trading with the Hang Seng Index closing the midday ... ( read original story ...)
Nearly 400 Global Business Leaders Join Hong Kong Forum
The 17th Hong Kong Forum, co-organised by the Hong Kong Trade Development Council (HKTDC) and the Federation of Hong Kong Business Associations Worldwide (FHKBAW), opened today at the Hong Kong Convention and Exhibition Centre. Nearly 400 business leaders ... ( read original story ...)
Hong Kong’s mutual fund sales down 18pc in first nine months amid volatile market
Mutual fund sales in Hong Kong fell 18 per cent in the first nine months this year, led by a decline in the sale of equity funds that were down 66 per cent during the period as investors were cautious amid volatile markets, according to the Hong Kong ... ( read original story ...)
Sa Sa International sees fall in profits amid drop in tourism
Hong-Kong based Sa Sa International announced a 37.3% decrease in profits in its interim results, highlighting decreasing tourism numbers as a key factor. In the period ending September 30th 2016, Sa Sa International’s turnover reached HK$3.63 bn (€442 ... ( read original story ...)
Hang Seng Index Edges Higher, OPEC Talks Crucial
A decline in energy prices ahead of OPEC undermined Hong Kong stocks, but the overall tone was slightly ... a slightly weaker US currency on Tuesday providing some support. The Hang Seng index moved significantly higher at the market open, repeating ... ( read original story ...)
The best places to eat in Hong Kong
If you are stuck deciding where to enjoy your next meal, here are my top picks of places to eat in Hong Kong. Beef and Liberty is where you should go for one of the best burgers in the city. Start with a pot of pork scratchings, which are unbelievably moorish. ( read original story ...