Respected Hong Kong entrepreneur and philanthropist Tin Ka-ping has died. He was 99. Tin Ka Ping Foundation, a charity founded by Tin, announced the news on its official website on Tuesday. The messag... ( read original story ...)
Hong Kong: HANG SENG INDEX (.HSI) stocks flat; China June inflation accelerates
Hong Kong shares ended Tuesday roughly flat on Tuesday ... which threaten to hurt Chinese exports and dampen business sentiment. The Hang Seng index was unchanged at 28,682.25, while the China Enterpr... ( read original story ...)
HK tax loophole undermines property cooling measures
Government efforts to cool Hong Kong’s soaring property prices have been undermined by loopholes in the territory’s stamp duties, according to a new study. The research showed that a total of HK$8.3bn ... ( read original story ...)
Listing reforms have made Hong Kong more competitive, says new financial advisory council chief
Laurence Li Lu-jen, who takes over as chairman of Hong Kong’s Financial Services Development Council, said on Tuesday listing reforms and other measures introduced by the government recently had enhan... ( read original story ...)
Surge in Hong Kong bankers wanting jobs at “price butcher” banks
“There’s now an increased willingness by ECM bankers from bulge bracket firms to move to Chinese banks,” says Yvette Kwan, a former APAC investment banking COO at UBS, now a partner at Hong Kong finan... ( read original story ...)
Hong Kong bank to pay $47 million for Foreign Corrupt Practices Act violation
WASHINGTON, D.C. — A Hong Kong investment bank will pay a $47 million criminal penalty to resolve allegations by the U.S. Department of Justice (DOJ) that the bank violated the Foreign Corrupt Practic... ( read original story ...)
Hong Kong activists celebrate after Liu Xia ‘leaves China’
Hong Kong pro-democracy campaigners Tuesday welcomed news that the widow of Chinese Nobel dissident Liu Xiaobo had left China for Germany after years under effective house arrest. Liu Xia, 57, had fac... ( read original story ...)
Hong Kong fines Citi Asia unit $509,710 for ‘dark pool’ breaches
Dark pools, known officially in Hong Kong as alternative liquidity pools (ALPs), are anonymous trading platforms offered by banks to help large investors trade big blocks of shares without having news ... ( read original story ...)
Stamp duty loophole cost Hong Kong purse HK$9.4 billion in 8 years, study finds
Hong Kong law requires local buyers who already own a property to ... the world’s least affordable property market in surveys. The Liber researchers used news reports to first identify the cases in wh... ( read original story ...)
Hong Kong pupils given harsh life lesson on value of hard work as cheers and tears greet allocation of secondary school spots
After the city’s Primary 6 pupils found out which secondary schools they had been assigned to on Tuesday morning, the Au family dashed to four schools in different parts of Hong Kong to ask for a plac... ( read original story ...)
Macau’s racing greyhounds get speedier path to adoption in Hong Kong as track closure nears
People in Hong Kong who want to adopt greyhounds from the Macau dog racing track, which will close next Saturday, will now find it easier to do so under a deal struck by authorities from both sides. S... ( read original story ...)
Beijing’s Dislike Sinks Xiaomi Valuation To At Best 30% Below IPO Price
Xiaomi’s withdrawal from China IPO application and repeated cuts in valuation followed Chinese securities Watchdog’s queries. Its Hong Kong IPO price is set at bottom of original HK$17-22 target range ... ( read original story ...)
Tricor Supports Xiaomi IPO in Hong Kong
HONG KONG--(BUSINESS WIRE)--Tricor Group (“Tricor”), Asia’s leading provider of business, corporate and investor services, today announces our appointment to provide joint company secretary services t... ( read original story ...)
Hong Kong lawmaker draws ire by suggesting up to 10,000 ‘domestic servant’ jobs be reserved for people from ethnic minorities
A pro-Beijing lawmaker has recommended that Hong Kong reserve 5,000 to 10,000 “domestic servant” jobs for people from ethnic minorities, saying a monthly salary of at least HK$7,000 could serve as a s... ( read original story ...)