Will Hong Kong’s property bubble burst soon? It’s a million-dollar question, the answer to which seems obvious unless you’ve been turning a deaf ear to the government’s increasingly frequent and intensified warnings. From analysts and the city’s ... ( read original story ...)
Hong Kong Cozies Up to Shenzhen to Create Future Tech Giants
... the two via a technology park on a disputed swamp by the border that aims to revitalize Hong Kong’s sagging economy and add fuel to Shenzhen’s nascent startup boom. The proposed 87-hectare park, called the Lok Ma Chau Loop, is the largest proposal ... ( read original story ...)
Uber, Airbnb show Hong Kong’s inability to adapt to changing times and technology
the Hong Kong government demonstrated to the world how enfeebled its bureaucrats have become in the face of overpowering entrenched cartels. Last week, Secretary for Transport and Housing Anthony Cheung Bing-leung said Uber must change its business model ... ( read original story ...)
Hong Kong restaurant targeted in shark fin protest
Protesters gathered outside a popular Hong Kong restaurant demanding it take shark fin soup off its menu. The demonstrators, many of whom were children, dressed in shark costumes and dumped a bag of fake fins outside Maxim's Palace restaurant as customers ... ( read original story ...)
Hong Kong developers use wads of cash to skirt mortgage rules and salvage sales
Cooling measures? What cooling measures?! If there were any, the property markets in Hong Kong and China do not seem to have noticed them. Developers in Hong Kong either have the financial strength not to be bothered by the lending restrictions or have the ... ( read original story ...)
Age is just a number for Hong Kong’s harbour swimmers
Hong Kong's Victoria Harbour is one of the world's busiest ports, but every morning daring elderly swimmers dive in to its choppy waters against a teeming backdrop of ferries, cargo ships and fishing boats. The city's older generations fill public spaces ... ( read original story ...)
Hong Kong, Singapore rivalry hobbling Asia in $100 billion fintech race: lobby group
Governments across Asia - most notably Hong Kong and Singapore - have launched a raft of initiatives to grab a slice of the $100 billion invested in fintech globally but the regulatory hotch-potch is making it tough for firms to scale up, the Asia ... ( read original story ...)
CEO of Neo Financial Linda Wong: China’s FinTech will lead global development
HONG KONG, June 9, 2017 /PRNewswire/ -- On 2nd June ... At the summit, CEO of Neo Financial, Linda Wong and McKinsey partner, Vinayak HV, launched an engaging discussion on the topic of "China vs The World: Who Will Win The FinTech Revolution?" ( read original story ...)
HSBC : lifts Link REIT to HK$56
REIT (00823) to HK$56 from HK$52, and maintained its "hold" rating. The research house said Link REIT's FY2017 distribution per unit (DPU) of HK$2.284 (up 10.8% y-y) was 5% above HSBC's estimate. Solid DPU growth reflected its better NPI margin expansion ... ( read original story ...)
Hong Kong residents pictured inside ‘coffin homes’ barely bigger than a single bed
Shocking photographs have been taken of the horrifying conditions 200,000 Hong Kong residents live in. The pictures show the city's residents who live in low income apartments that have been dubbed "coffin cubicles". Figures from the Society for Community ... ( read original story ...)
Hong Kong court rejects banks’ application to intervene in gay rights case
They planned to speak about how the result of the case could affect Hong Kong’s competitiveness and ability to hire global talent. The institutions include: ABN AMRO Bank, AIG Insurance Hong Kong, Australia and New Zealand Banking Group, the Bank of New ... ( read original story ...)
Hong Kong Market Report
Hong Kong's benchmark Hang Seng Index climbed to another 23-month closing high on Thursday, as China's solid May trade data somewhat offset investor caution ahead of a slew of key global events. China stocks extended gains on Thursday, with the blue-chip ... ( read original story ...)
Shocking pictures of Hong Kong ‘coffin homes’ show chopping boards feet away from toilets in cramped apartments as narrow as a single mattress
They've been condemned by the UN as 'an insult to human dignity', but so-called 'coffin homes' still house around 200,000 people in jam-packed Hong Kong. According to the Census and Statistics Department, those people are being housed in around 88,000 ... ( read original story ...)
Hang Seng Bank CEO Rose Lee will retire in July
Hang Seng Bank vice-chairman and chief executive Rose Lee Wai-mun, 64, will retire from July after serving at the lender for five years, the bank announced on Thursday. She will be replaced by Louisa Cheang, who has served as group general manager and ... ( read original story ...)