Hong Kong saw its borrowing costs in the money market surge to a near eight-year high, with the US Federal Reserve almost certain to raise the interest rate later this week. The overwhelming probability that the Federal Open Market Committee will increase ... ( read original story ...)
How Trump’s visa crackdown could help Hong Kong and China’s tech hubs
“As mainland companies increasingly use Hong Kong to go global, they would need professional or marketing services. This could mean a lot of business for founders or foreign companies in related sectors.” ( read original story ...)
Beijing seeks applicants for Hong Kong's worst job
But that statement, however clumsy, reflects the Chinese Communist Party's approach to governing Hong Kong through a leader chosen by a cosy 1,200-person committee dominated by the business elite. Leung may have been a lightning rod, but his replacement ... ( read original story ...)
Great business
There is a third provider in Hong Kong too – the Asia Airfreight Terminal. Our well-trained and loyal staff is one of our key trumps. We employ our workers directly – in contrast to our competitors. In our 40 years of business we’ve thus developed a ... ( read original story ...)
Top political advisor meets HK business delegation
China's top political advisor Yu Zhengsheng on Tuesday met with a visiting delegation from the Hong Kong Chiu Chow Chamber of Commerce. Yu, chairman of the National Committee of the Chinese People's Political Consultative Conference, called on them to ... ( read original story ...)
Hong Kong truck driver jailed for using vehicle as tool for retribution, causing HK$260,000 in damages
A Hong Kong man who reversed his bright pink truck into a Mercedes-Benz in an act of retaliation was yesterday jailed for more than two years. Chung Yuk-po, 41, was sentenced to 20 months imprisonment for dangerous driving by District Court judge Frankie ... ( read original story ...)
Hong Kong urged to think of ways to fund long-term elderly care
A report by the Our Hong Kong Foundation also cited an overseas study which suggested the social burden of an ageing society could be even bigger than the medical cost. Rather than just providing elderly people with medical treatment, the goal of long-term ... ( read original story ...)
Spellbinding images reveal the magic of Hong Kong in the 1950s (and they were shot by a teenager)
Shafts of light illuminate a quiet back street, boats drift along the bay and children run beneath washing lines – these candid black-and-white images of everyday life in Hong Kong have been captured with a whimsical touch. As a teenager in 1949 ... ( read original story ...)
Hong Kong Chief Secretary Carrie Lam on the offensive as leadership race looms
Hong Kong’s No 2 official on Tuesday attacked Financial Secretary John Tsang Chun-wah over government policy a day after he resigned, in a taste of the looming showdown ahead if they face off for the city’s top job, as widely expected. Chief ... ( read original story ...)
Fewer Hong Kong firms plan to hire staff and pay rises set to be modest in early 2017
Fewer companies in Hong Kong are looking to hire in the next three months compared to a year ago, although certain sectors are bucking the trend with plans to increase staffing levels over the Lunar New Year holiday. Employees in the city can also expect a ... ( read original story ...)
“I work in Hong Kong banking consultancy. But I’m also a stand-up comic”
Benjamin Quinlan decided to take a break from his Hong Kong-based banking and consulting career. But this isn’t another story of a banker shifting to tech or the buy-side. Quinlan instead took a seven-month sabbatical to travel…and become a stand-up ... ( read original story ...)
Hong Kong trader seeks judicial review over hairy crab ban
In a judicial review application filed at the High Court yesterday, the Hong Kong Tin Lung Trading Company claimed the decision announced by the Food and Environmental Hygiene Department on November 1 to suspend the import of hairy crabs from two farms in ... ( read original story ...)
Hong Kong Chief Executive resignation unlikely to herald democratic change for territory
Leung Chun-ying, Hong Kong's chief executive, speaks during a news conference in Hong Kong, China, on Friday. Photo: Bloomberg Rather than permit a free vote to allow the Hong Kong public to determine their next leader, the Communist Party's decision in ... ( read original story ...)
Hong Kong regulator launches cybersecurity review after breaches
The Securities and Futures Commission said some 16 incidents involving in excess of $100 million unauthorized trades have been reported over the past 12 months and those cases were being investigated by police. It said brokers should review and enhance ... ( read original story ...)