Banks also rose, with China Construction Bank gaining 0.88 per ... up from the HK$61.45 seen at the Hong Kong close. Sinopec’s ADR increased from HK$5.40 to HK$5.45 and China Mobile rose from HK$83.55 to HK$83.89. The Hang Seng Index futures spot ... ( read original story ...)
As Congress eyes tough line on China in Hong Kong, Trump's stance unclear
After Republican senators introduced legislation last week that would target Chinese interference in Hong Kong, questions linger as to whether Donald Trump’s hands-off foreign policy approach will go along with such measures – or if his anti-China ... ( read original story ...)
Hong Kong customs seize shipment of nine armoured military vehicles from Taiwan bound for Singapore
Nine armoured military vehicles, along with components and accessories, have been confiscated by Hong Kong customs in a routine inspection at the Kwai Chung terminal, marking one of the biggest seizure of strategic commodities in two decades. Preliminary ... ( read original story ...)
Hong Kong workers will suffer if public works projects are delayed, lawmakers warned
The Hong Kong Construction Association has urged lawmakers not to indulge in time-wasting but to focus on scrutinising proposals for public works projects worth HK$90 billion in the coming year. It warned of job losses and pay cuts if projects were delayed ... ( read original story ...)
Veeko, Wanko and Colourmix parent finds Singapore tougher than HK
Colourmix holds its own Beauty is the powerhouse of the Veeko business. The company has 87 Colourmix stores – five more than at the same time last year – of which 82 are in Hong Kong, four in Macau and one in the mainland. In August 2015, the group ... ( read original story ...)
Hong Kong stocks retreat as softness in banks and property overshadow gains in casinos
Hong Kong stocks edged down on Thursday, as a rally in mining, insurance and casino stocks was offset by the retreat of the heavily weighed property, banking and oil sectors. The Hang Seng Index closed at 22,608.49, down 0.3 per cent or 68.2 points ... ( read original story ...)
Can business and politics mix, in the US under Trump, or in Hong Kong?
Like nearly everyone, I was surprised by the election of Donald Trump as president of the United States. I don’t remember any election that has produced such strong emotions or uncertainty. His victory is a warning that the world really is changing. ( read original story ...)
House-Hunting in Hong Kong With the App That Sees Dead People
HONG KONG — Ship Street is quintessentially Hong Kong ... After more than 30 years in the real estate business, Lily Wong, a local agent, knows that most Chinese clients are not interested in even looking at haunted apartments. “They wouldn’t ... ( read original story ...)
Free market must decide Hong Kong port's future in container business
The ports situation in South China is rapidly changing and while Hong Kong's role within it must evolve as well, the impetus must come from the private sector as it has always done in the city. The importance of letting the free market decide the ... ( read original story ...)
Hong Kong Disneyland getting $1.4 billion expansion, adding Frozen and Marvel themed lands
Not to be outdone by its mainland counterpart, Hong Kong Disneyland is looking to boost business with a $1.4 billion expansion that will include two new areas based on Frozen and Marvel. This multi-year, mega-upgrade will take place between 2018 and 2023 ... ( read original story ...)
Hong Kong Disneyland adding 'Frozen' land in $1.4 billion expansion
"Hong Kong tourism is in an adjustment period," the city's commerce ... The move adds to planned growth at Disney's parks division, its second-largest business after TV networks. The company opened its US$5.5 billion Shanghai resort in June and announced ... ( read original story ...)
Hong Kong Disneyland Is Adding ‘Frozen’ and Marvel Lands in a $1.4 Billion Expansion
Disney’s CEO has said that the company’s giant new Shanghai theme park isn’t hurting business in Hong Kong. Still, it’s a smart move to expand the older park with attractions that can’t be found in Shanghai. — Hannah Sampson Walt Disney Co. is ... ( read original story ...)
Disqualified Hong Kong lawmakers attend appeal hearing
HONG KONG – Two Hong Kong separatist lawmakers are attending a hearing at the city's High Court to appeal a court judgment that disqualified them from taking office. Sixtus Leung Chung-hang and Yau Wai-ching from the Youngspiration Party had altered ... ( read original story ...)
Foreign exchange rates in Hong Kong
HONG KONG, Nov. 24 (Xinhua) -- The following are foreign exchange rates against Hong Kong dollar released by Hang Seng Bank Limited on Thursday: Buying Selling U.S. dollar 774.20 777.20 Australian dollar 568.40 576.40 Canadian dollar 569.80 577.50 Swiss ... ( read original story ...)