HONG KONG May 27 Some of Hong Kong's largest commercial banks in the mortgage loans market said they would raise interest rates following the latest round of mortgage tightening measures by the city's de facto central bank. Banks have to set aside more ... ( read original story ...)
Messy parking sparks call to regulate Hong Kong’s first bike-share service
Hong Kong lawmakers and district councillors have urged the government to tighten cycling rules after a recent debut of the city's first bike-sharing services prompted a string of complaints over the haphazard parking of bicycles. But according to Raphael ... ( read original story ...)
Hong Kong basks in sunshine after week of downpours and flooding
Temperatures hit highs of 31 degrees Celsius on Sunday as the city enjoyed a day of sun and clear blue skies. Hong Kong’s often stifling humidity levels also dropped to about 50 per cent, creating perfect weather for heading outdoors. A spokesman for the ... ( read original story ...)
Hong Kong Finance Chief Questions Moody’s Over Debt Downgrade
Moody’s Investors Service’s decision to downgrade Hong Kong’s debt rating last week was based on “shallow” evidence, Hong Kong Financial Secretary Paul Chan wrote in a blog on Sunday. “The evidence on which the ratings company mechanically ... ( read original story ...)
HK Financial Secretary questions Moody’s over debt downgrade
... s debt rating based on the very close economic relationship between Hong Kong and the mainland is shallow,” Chan wrote in a blog on the official website of the financial secretary. Enhancing cooperation with the mainland cannot be considered ... ( read original story ...)
Hong Kong columbarium bill ‘still discriminates against LGBTs’ in rights to claim partners’ ashes
Same-sex couples in Hong Kong have called for rights equal to those enjoyed by heterosexual spouses to claim the ashes of their loved ones, after lawmakers approved a bill to regulate the city’s columbariums on Thursday. Betty Grisoni, a French native ... ( read original story ...)
Video of Hong Kong slackliners’ Lion Rock stunt a hit online but some still question safety
A Hong Kong slacklining group’s weekend-long stunt on the Lion ... “The more we are featured on the news, [the more] negative the reaction. People think that if we have an accident, it will harm other people. They also think we should not do it because ... ( read original story ...)
Hong Kong shops stock retro goods to feed nostalgia-hungry collectors
For collectors of Hong Kong nostalgia, Chu Wing Kee in Possession Street, Sheung Wan, is a treasure trove. The wholesale shop stocks a multitude of goods, many of which hark back to a bygone era, even if they are sometimes modern imitations of the originals. ( read original story ...)
Hong Kong’s banks raise mortgage rates, after HKMA tightened risk rules
HSBC, Standard Chartered, Bank of China (Hong Kong) and Hang Seng Bank all announced raising their Hibor-linked mortgage rates by 10 basis points to 1.4 per cent above the city’s interbank offered rate, or Hibor. The new rates at HSBC and Standard ... ( read original story ...)
Hong Kong and Macau regulators intensify efforts against money laundering, financial crime and terrorist funding
Hong Kong and Macau have launched simultaneous shake-ups of the systems they have in place to tackle the growing menace of money laundering, financial crime and the funding of terrorist groups. In separate yet starkly similar announcements issued late ... ( read original story ...)
Major Hong Kong banks raise mortgage rates following HKMA measures
HONG KONG May 27 Some of Hong Kong's largest commercial banks in the mortgage loans market said they would raise interest rates following the latest round of mortgage tightening measures by the city's de facto central bank. Banks have to set aside more ... ( read original story ...)
Hong Kong businessmen tick all the right boxes in online venture
They only take online orders. Starting from scratch, Da Rosa and Ma spent a year visiting different mattress stores around Hong Kong, looking for manufacturers and talking to experts. Through these, they came up with the concept of compressing mattresses ... ( read original story ...)
BOC International Leads $29M Round In Chinese Gold Trading Firm G-Banker
BOC International invested via its fund unit, Bohai Zhongsheng. China Everbright Ltd's Guangkong Zhongying Capital, SBCVC, and Hong Kong-based Radiant Venture Capital also participated in the round. Founded in 2015 in Beijing, G-banker allows users to ... ( read original story ...)
Tottenham fans in Hong Kong hold signs urging Kyle Walker to stay as Mauricio Pochettino’s side record 4-1 victory
Tottenham fans turned out in their thousands to watch Mauricio Pochettino's side end the season on a winning note in Hong Kong with a large section holding signs saying 'Walker Please Stay'. Defender Kyle Walker has been strongly linked with a move away ... ( read original story ...)