Hong Kong’s banks are better prepared than 20 years ago for a property market crash, even amid the world’s highest real estate prices, because the banking regulator had already forced lenders through eight rounds of mortgage tightening measures ... ( read original story ...)
Hong Kong makes play for U.S. secondary listings with new board proposal
HONG KONG The Hong Kong stock exchange unveiled on Friday a long ... The HKEX said the move was necessary to diversify from traditional old economy sectors such as financials and real estate, warning the bourse was at risk of stagnating if it did not ... ( read original story ...)
Why It’s Much Harder for Expat Bankers to Land a Hong Kong Job
Andrew Sullivan remembers the days when a young Brit could hustle his way into a job in Hong Kong finance. He ought to know: He did it. It was 1996, the twilight of British Hong Kong, when Sullivan arrived with a resume that couldn’t get him into a bank ... ( read original story ...)
Indonesia to get access to its taxpayers’ financial data in Hong Kong
JAKARTA Indonesia and Hong Kong have agreed to share financial information that will give the Indonesian tax office access to data on taxpayers who have accounts in the wealth management hub, Indonesia's finance ministry said on Friday. The government of ... ( read original story ...)
Hong Kong pushing for regional AIIB office, says finance chief
Hong Kong, which last week joined the Beijing-led Asian Infrastructure Investment Bank by agreeing to pay US$155 million over five years, is now lobbying the AIIB to set up a regional office in the city, Financial Secretary Paul Chan Mo-po told the ... ( read original story ...)
Hong Kong ignoring 1.5 million marginalised women and funding for women’s rights, campaigners say
Women’s rights campaigners from across Asia have gathered in Hong Kong to discuss the lack of funding for their projects, which they claim are being ignored in favour of organisation that represent pro-establishment groups. Representatives from ... ( read original story ...)
Think Toronto is bad? This $664,000 parking spot shows just how crazy Hong Kong’s property market has become
HONG KONG — In many places, US$664,000 can buy you a nice house. For that price in Hong Kong, you can buy a slab of concrete, roughly 17 feet long and 11 feet wide, to leave your luxury car. Hong Kong is now home to a very expensive parking spot ... ( read original story ...
From local metro network to global rail giant: Hong Kong’s MTR sets its sights firmly overseas
MTR Corp, Hong Kong’s largest transportation stock, says international expansion and opportunities arising from China’s flagship regional infrastructure-building “Belt and Road Initiative” now form the core of its business plan. Over the past 20 ... ( read original story ...)
Hong Kong has work to do to maintain M&A momentum
Hong Kong has a lot of work to do if it wants to maintain its edge as a destination for mergers and acquisitions activity and stave off competition from Singapore, experts say. Since the 1997 handover from British to Chinese rule, the value of deals ... ( read original story ...)
Hongkong racers rev for Le Mans as Red Giant leads AMG celebrations and Lamborghini unveils stunning Huracán rear-wheel drive Spyder
Jota Sport has won class wins in both the Le Mans and Spa 24 Hours in two decades of endurance racing. Hong Kong-based WIN Motorsport wants to qualify for next year’s 24 Hours of Le Mans. Led by local racing driver and team owner William Lok, the team ... ( read original story ...)
‘We will continue our fight ‘: Why Hong Kong activist Joshua Wong will keep speaking out for democracy
Wong spoke with As It Happens host Carol Off about the new film about his life and what's ahead for Hong Kong as it approaches the 20th anniversary of its handover to China. Carol Off: I want to start with the news, which is that you plan to plead guilty ... ( read original story ...
Hong Kong should use national education to ‘guide’ youth who took part in Occupy protests, ex-Xinhua official urges
former deputy director of Xinhua News Agency, struck a sympathetic tone as he talked about the city where he was stationed for 13 years until his retirement in 1998. Xinhua’s Hong Kong branch was the predecessor of the central government’s liaison ... ( read original story ...)
Hong Kong cannot develop different set of politics from China, Beijing legal expert says
The legal chief of Beijing’s liaison office in Hong Kong says Hongkongers should wake up from the “illusion” that they can develop a different set of politics from China under “one country, two systems”, declaring that “all politics is central”. ( read original story ...)
Hong Kong M&A activity jumps fivefold in 20 years as Chinese firms use city to go global
Hong Kong is a popular destination for takeover and merger activity because locally listed firms like to acquire overseas companies to diversify their business, while many mainland firms use the city as a stepping stone to buy into overseas companies ... ( read original story ...)