Hong Kong Exchanges and Clearing is likely to report its best financial year since 2015 as more investors poured into the city’s bourse in the past year, while more companies flocked to raise capital through initial public offerings. Net income is likely ... ( read original story ...)
Hong Kong, mainland stocks rally as removal of presidential two-term limit boosts confidence in China
Hong Kong and Chinese stocks rallied on Monday amid optimism over earnings for Chinese companies and increased confidence in long-term stability after Beijing scrapped the constitutional limits on the number of terms the president and vice-president can serve. ( read original story ...)
Liberals in Hong Kong fear for city’s future as China falls back on strongman rule
According to state news agency Xinhua on Sunday ... “Many people think the removal of term limits would mean a tougher battle for Hong Kong to achieve democracy – I agree, but that does not mean we should do nothing,” Lee said. ( read original story ...)
Hong Kong may renegotiate fees with Disneyland after park posts HK$345 million loss, minister says
Hong Kong Disneyland’s financial performance has not met expectations and the government may renegotiate management fees the park charges it, the city’s commerce minister said on Monday. The resort last week reported a loss of HK$345 million for 2017 ... ( read original story ...)
Investment in Hong Kong’s Commercial Property Market Hits New Highs in January
According to JLL's latest Property Market Monitor, Hong Kong's property investment market continued to hit new highs in January 2018, riding on strong global investor interest. A total of four en-bloc office buildings were sold for a total consideration of ... ( read original story ...)
McKinsey selects a solid male leader
He is chairman of Asia based in Hong Kong, and McKinsey has become the largest of the global consulting firms in China. The other run-off contender was Bob Sternfels, head of global functions based in San Francisco, a specialist in raising corporate ... ( read original story ...)
Theft, vandalism force Hong Kong bike sharing start-up Gobee to retreat from Europe
Hong Kong start-up Gobee.bike has become the first Asian bike sharing operator to retreat from Europe after incurring mass thefts and vandalism. The company reported that over 1,000 bikes had been stolen and nearly 3,400 damaged during its four months of ... ( read original story ...)
Hong Kong power supplier CLP plans to expand in India
In 2017, India was among the best performers in CLP's business segments, although it is still a small market for the company. Operating earnings from India expanded 38% on the year to 647 million Hong Kong dollars ($82.7 million), helped by higher ... ( read original story ...)
After nearly a decade, Hang Seng Bank is still Hong Kong’s sole blue-chip company with a woman CEO
Hong Kong continues to maintain a gender bias in hiring for senior executive roles, as only about 10 per cent of director positions are occupied by females, while the CEO role is pretty much a men-only club. Meanwhile, other leading economies have made ... ( read original story ...)
McKinsey names Kevin Sneader new global managing partner
The Hong Kong-based McKinseyite is known for his quick but clear decision-making and strong focus on financial performance. But the final run-off will have come as a disappointment to those partners who were hoping McKinsey — a vocal advocate of the ... ( read original story ...)
Clueless finance minister offers the usual budget pile of unspent cash and unsolved problems
It’s time for Hong Kong finance chiefs to stop saving for a rainy day and start spending—and spending big—today. Indeed, the looming “structural deficit” that Tsang harped on about as the surpluses piled up is now being questioned by economists ... ( read original story ...)
‘Hard to please all’, Hong Kong finance chief says about use of budget surplus as he hints at medical system boost for elderly
More funding might be on the way to “strengthen” the medical system “for the ageing population”, Hong Kong’s financial secretary hinted on Sunday amid discussion over the city’s considerable budget surplus. In a blog post, Paul Chan Mo-po ... ( read original story ...)
Life beyond cryptocurrencies – Hong Kong and China fintech firms show there is more to blockchain
Chong Sing Holdings Fintech Group, a Hong Kong-listed company that provides loans to small ... contracts”, which are embedded in the blockchain protocol, in its lending business. This means a repayment from a borrower can be automatically allocated ... ( read original story ...)
From Hong Kong IT worker to Canadian plumber: the path of those seeking escape from ‘hopeless’ city
The man, who lived in the city for almost two decades and holds a Hong Kong identity card, had made plans to ditch his office job and move to Toronto. He had already obtained Canadian citizenship. Hong Kong’s doctors and nurses head for new lives in ... ( read original story ...)