Hong Kong’s five major business chambers have proposed keeping a controversial arrangement where bosses dip into workers’ pension funds for severance and long-service payments, in return for them increasing their contributions to employees ... ( read original story ...)
Bocom International to raise up to $304 mln in Hong Kong IPO
HONG KONG: Bocom International Holdings, the Hong Kong securities brokerage of the Bank of Communications, plans to raise up to HK$2.37 billion ($304.6 million) in a global initial public offering, the company said on Thursday. Bocom International will ... ( read original story ...)
Hong Kong stocks set for weak start; traders wary following commodity plunge
Hong Kong stocks were set for a weaker start on Friday, with traders spooked by an overnight collapse in oil prices. The Hang Seng futures spot May contract dropped 0.38 per cent or 94 points to 24.474, while the Hang Seng China Enterprises Index futures ... ( read original story ...)
Demand drives fastest expansion in three years for Hong Kong business despite mainland headwinds
Hong Kong’s private sector grew at its fastest rate in more than three years last month thanks to increased global demand for products and services, and despite headwinds from the mainland. The Nikkei Hong Kong Purchasing Managers’ Index, which gauges ... ( read original story ...)
Outrage as Hong Kong democracy campaigners urge US to get tough with Beijing
The commissioner for the foreign affairs ministry has accused Hong Kong’s most high-profile democracy campaigners of attempting to meddle in China’s internal affairs at a US congressional panel on Wednesday night. The campaigners urged the US to take a ... ( read original story ...)
HSBC posts surprise capital boost but rules out dividend hike, buybacks
HSBC’s shares rose 3 per cent in London on Thursday, outperforming a 1 per cent rise in the STOXX European banks index and following an earlier 2 per cent rise in Hong Kong. HSBC is still Europe’s biggest bank despite slimming down in recent years. ( read original story ...)
NTT Communications Hong Kong Financial Data Center Tower 2 (FDC2) Certified as LEED Platinum for Its Pioneering Green Innovations
HONG KONG--(BUSINESS WIRE)-- NTT Communications Corporation (NTT Com), the ICT solutions and international communications business within NTT Group, today announced that its Financial Data Center Tower 2 (FDC2) becomes the first service provider’s data ... ( read original story ...)
Hong Kong could become the next 'demographic time bomb'
Hong Kong is quickly becoming the next demographic time bomb. Economists use "demographic time bomb" to refer to places where consumer spending and the national birth rate are both low. Often, they're entangled in a vicious cycle: As people feel the ... ( read original story ...)
Hong Kong's next leader pledges to heal divisions, put city back on 'normal course'
HONG KONG Hong Kong's next leader, Carrie Lam, vowed on Thursday to heal political and social divides, pledging to return the global financial hub to its "normal course of development". Lam takes office on July 1 after being selected in March amid ... ( read original story ...)
Hong Kong chief executive-elect Carrie Lam puts former head of immigration in charge of office
Hong Kong’s former immigration director Eric Chan Kwok-ki is set to head the next chief executive’s office, according to incoming leader Carrie Lam Cheng Yuet-ngor. Announcing her choice for the chief executive-elect’s office director, Lam said she ... ( read original story ...)
How Hong Kong’s best rescue divers are preparing for more troubled waters under Macau-Zhuhai bridge
It was about 3pm on March 29. Three workers at the construction site of the Hong Kong-Zhuhai-Macau bridge had plunged into the sea and gone missing after a platform they were working on under the viaduct collapsed. “Visibility was low, the water was ... ( read original story ...)
Hong Kong remembers bloodiest violence 50 years on
HONG KONG: Hong Kong is unrecognisable now from the city which 50 years ago was the scene of bloody riots, fuelled by resentment of colonial rule and inspired by the Cultural Revolution unfolding in China. But although memories of the bomb-strewn chaos of ... ( read original story ...)
Hong Kong police on high alert over threat of ISIS-inspired lone wolves – report
Hong Kong faces real dangers of lone wolf-style attacks, with some extremists possibly already having sneaked into the city and planning attacks, the South China Morning Post reports citing the security units. Law enforcement stated on Wednesday ... ( read original story ...)
Hong Kong festival ends in race up tower studded with plastic buns
A dozen climbers in Hong Kong scrambled up a 60-ft (18-metre) tower covered with plastic buns in an annual contest won by the first man and woman to reach the top with the most buns plucked off the column in their ascent. Nearly 50,000 people flocked to ... ( read original story ...)