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 ...)
Hong Kong puts brakes on Uber in its road map for the future
Uber must change its business model and run like existing taxi companies for a chance to be legalised, Hong Kong’s transport minister said on Wednesday as he effectively blotted out the car-hailing company’s future while unveiling a road map for the ... ( read original story ...)
Hong Kong stocks rise, aided by solid China trade data
SHANGHAI, June 8 Hong Kong's benchmark Hang Seng Index climbed to another 23-month closing high ... any surprises from Thursday's UK general elections, the European Central Bank's policy meeting and congressional testimony from ex-FBI director James ... ( read original story ...)
The big future threat to Hong Kong investment banking jobs
More investment banking jobs could eventually move from Hong Kong to China, if global banks such as J.P. Morgan gain greater control over their mainland joint-venture operations, experts warn. J.P. Morgan is working with Chinese regulators to develop a new ... ( read original story ...)
amaBhungane and Scorpio #GuptaLeaks: Guptas and associates score R5.3bn in locomotives kickbacks
CSR (Hong Kong) was a subsidiary of China South Rail (CSR), the mainland ... In December 2012, Transnet appointed a consortium led by global consultants McKinsey to advise on the 1,064 procurement. As amaBhungane previously reported, advisory firm ... ( read original story ...)
Ant Financial seen becoming world’s top consumer bank
HONG KONG -- In a world that embraces disruptive technology ... sanguine about the prospect of Ant Financial conquering the world. Vinayak HV, who leads McKinsey's digital banking practice in the Asia-Pacific, doubts if the young company, when trying ... ( read original story ...)