A stunning 59.6 carat diamond known as the "Pink Star" sold for $71.2 million at a Sotheby's auction Tuesday in Hong Kong, setting a new world record for any diamond or jewel, according to the auction house. The oval mixed-cut diamond smashed the $60 ... ( read original story ...)
Warhol Mao portrait fetches $12.7m in Hong Kong auction
A classic Andy Warhol portrait of former Chinese leader Mao Zedong fetched US$12.7 million at auction in Hong Kong on Sunday, Sotheby's said -- well short of the top estimate of more than $15 million. The sale of the 1973 screen print by the legendary US ... ( read original story ...)
Speech by SCED at “Hong Kong – Slovenia: Opportunities in Hong Kong for the Slovenian Business” business seminar and luncheon in Slovenia
Speech by SCED at "Hong Kong - Slovenia: Opportunities in Hong Kong for the Slovenian Business" business seminar and luncheon in Slovenia Hong Kong (HKSAR) - Following is the speech by the Secretary for Commerce and Economic Development, Mr Gregory So, at ... ( read original story ...)
Hong Kong’s struggling debt market puts a damper on hopes for bond connect scheme
A weakened yuan and rising interest rates have dragged yuan-denominated bonds issued in Hong Kong to a record low, raising concerns whether the current environment is appropriate to push ahead with the bond connect programme this year. Hong Kong Exchanges ... ( read original story ...)
Hong Kong's restive youth prepare for long struggle with Beijing
HONG KONG With China's preferred candidate selected as Hong Kong's next chief executive, another blow to the morale of the city's democracy activists, their young leaders are taking a page from Beijing's playbook and preparing for a long battle. ( read original story ...)
Smooth sailing on the high seas
A shipowner seeking finance in Hong Kong has a plethora of choices including debt financing from the many international banks with a shipping portfolio, leasing or, in the case of a public company, it may choose to issue shares or bonds. Nigel Anton ... ( read original story ...)
HNA Establishes Innovation Finance Group in Hong Kong
HONG KONG, April 3, 2017 /PRNewswire/ -- On 31 March 2017, the inaugural ceremony of HNA Innovation Finance Group ("HNA Innovation Finance") was held in Hong Kong. Attending the ceremony were leading members of the Board of HNA Group, including WANG Jian ... ( read original story ...)
Let battle commence: New York, Hong Kong IPO rivalry set to intensify
The rivalry between Hong Kong and New York for global IPO supremacy may be set to intensify. Hong Kong lost its crown as the world’s No. 1 destination for initial public offerings in the first quarter as a dearth of mega-listings saw the city drop to ... ( read original story ...)
HSBC adds voice authentication to digital banking in Hong Kong
HONG KONG: HSBC has launched its voice biometric identification service in Hong Kong, following the successful launch of the functionality in the UK last year. Voice biometrics will be used as a form of verification while using phone banking services ... ( read original story ...)
Hong Kong launches public consultation on live poultry after study says sales can continue
The Hong Kong government has started a two-month public consultation to discuss the city’s live poultry trade following a study which said sales could continue but urged authorities to enforce more stringent measures. The consultancy study also found ... ( read original story ...)
Hong Kong stocks, led by infrastructure plays, rise on China economic zone plan
HONG KONG, April 3 Hong Kong stocks rose on Monday, with infrastructure-related stocks surging on news that Beijing plans to set up a special economic zone in the heavily polluted province of Hebei. Mainland markets were closed for a holiday. The benchmark ... ( read original story ...)
HK-Slovenia wine deal signed
Trade toast: Secretary for Commerce & Economic Development Gregory So (right) and Slovenian Deputy Prime Minister Dejan Zidan celebrate the signing of a wine deal between Hong Kong and Slovenia. Secretary for Commerce & Economic Development Gregory So ... ( read original story ...)
Hong Kong mother found guilty over death of son she would slap and shake over noisy crying
A waitress was found guilty on Monday of killing her three-month old son who she would slap, pinch and shake when she lost self-control over his “very noisy” bouts of crying. Leung Siu-fong, 31, was convicted of one count of manslaughter in a unanimous ... ( read original story ...)
Hong Kong stocks gain slightly on defensives, mainland markets closed
HONG KONG: Hong Kong stocks gained slightly on Monday morning, set to break a two-day run of losses as investors bet on defensive energy and infrastructure plays in the absence of clear direction. Mainland markets were closed for holidays. The benchmark ... ( read original story ...)