Hong Kong stocks look set to open lower on Thursday after the city’s de facto central bank followed a US decision and lifted the base interest rate. The Hang Seng Index futures spot June contract lost 0.2 per cent, or 42 points, to 25,700 in the pre ... ( read original story ...)
HSBC to keep best lending rate at 5 pct in Hong Kong
HONG KONG, June 15 HSBC Holdings Plc will maintain its best lending rate at 5 percent in Hong Kong, the bank said on Thursday, after the territory's defacto central bank raised its discount window base rate. The Hong Kong Monetary Authority earlier raised ... ( read original story ...)
Hong Kong Wants a 3rd Runway. Will Its Dolphins Pay the Price?
HONG KONG — As pink fins surfaced off the boat’s port side ... Some critics say that the project should not have been approved because of the potential impact on dolphins and that HSBC, the project’s financial adviser, bears some responsibility ... ( read original story ...)
Hong Kong youth ‘too comfortable’ and don’t care about innovation, says ex-finance chief Antony Leung
Former financial secretary Antony Leung Kam-chung says that young people in Hong Kong are living lives which are “too comfortable,” and they do not care about innovation. Leung, now the group chairman and CEO of Nan Fung Group, was speaking at a youth ... ( read original story ...)
Parking space sold for record $664K in Hong Kong
Last month, a Hong Kong tycoon bought an entire carpark building for $3 billion in the city’s central business and shopping district. Hong Kong property is consistently ranked among the world’s most unaffordable, and prices continue to soar. ( read original story ...)
Hong Kong lacks official strategy on viral hepatitis, study finds
A study by a Hong Kong university has found that the city’s government lags behind other Asia-Pacific jurisdictions in terms of preventing and treating chronic viral hepatitis – linked to liver cancer. Chinese University researchers surveyed 13 ... ( read original story ...)
Hong Kong plans for a city that’s growing older
Planners here still see Hong Kong that way. But they also are looking at the long-term trends, and grappling with a force they cannot stop: Hong Kong is getting older. That’s true of both the city’s people and its built environment — a phenomenon ... ( read original story ...)
A Scenario-Based Guide to Hotels for Business Travel in Hong Kong
A quick, no-nonsense guide to where to stay for business trips in one of the world’s most spectacular cities: Hong Kong. This is the first of several articles highlighting where to stay on business in some of the world’s most interesting cities. ( read original story ...)
Prized Hong Kong parking space sold for record US$664,000
Its property prices are famously sky-high but now a Hong Kong parking space has been sold for an eye-watering HK$5.18 million (US$664,200) in what local reports said was a world record. The space is on the first floor at a luxury apartment complex near the ... ( read original story ...)
Hong Kong biotech start-up claims world first in stem cell treatment of Alzheimer’s and Parkinson’s diseases
Oper Technology, a Hong Kong biotechnology start-up, has pioneered what it claims is a world first in stem cell treatment that it says could potentially help millions of patients suffering from Alzheimer’s and Parkinson’s diseases. The business was co ... ( read original story ...)
Singapore Is Beating Hong Kong As Asia’s Best Place To Do Business
You expect rivalry between Hong Kong and Singapore. Both are well-off former British colonies in Asia with clean governments and a free-port approach to foreign investment – on which they heavily depend for economic development. Both have a city-like in ... ( read original story ...)
Great Eagle matriarch accuses HSBC of ‘threatening’ her, in latest twist to Lo family feud
Lo To Lee-kwan, the 97-year old matriarch of Hong Kong property giant Great Eagle Holdings, has accused HSBC of “threatening” to take her to court, before she herself decided to sue the bank as a trustee of her family business, according to a statement ... ( read original story ...)
Guangzhou Rural Bank HK IPO priced near middle of range, raises $1 billion: source
HONG KONG Guangzhou Rural Commercial Bank Co Ltd (GRCB) priced its Hong Kong IPO slightly below the middle of expectations, a source said on Wednesday, underscoring tepid demand for the $1 billion deal amid concerns over rising non-performing loans in China. ( read original story ...)
Hong Kong Stock Rally Seen Immune to Currency Drop, for Now
City’s pegged currency has declined most in Asia this year Hang Seng stock index has rallied 18% amid ample liquidity The Hong Kong dollar may be sliding into the weak end of its trading band, yet money managers see no reason for stock investors to turn ... ( read original story ...)