Continue Reading Below The chief executive of Hong Kong Exchanges and Clearing Ltd., Charles Li ... such as the New York Stock Exchange (NYSE), experts have told FOX Business that New York may not be the best choice for Saudi Arabia because of litigation ... ( read original story ...)
Hong Kong social entrepreneur who quit her job to help others on fighting inequality and saving the environment
The 36-year-old Hong Kong-born social entrepreneur would rather see those concerned ... “I’ve been very ‘save the planet’ since I was young, but I went into business because I wanted to make change from within – such as taking a lead in ESG ... ( read original story ...)
Financial institutions backing out of tar sands, fossil fuels
Europe’s largest financial institution, HSBC (Hong Kong and Shanghai Banking Company) has made a major announcement today. The worlds seventh largest lender said it will no longer finance projects dealing with coal in developed countries, Arctic drilling ... ( read original story ...)
China Unicom Hong Kong : Key Financial and Performance Indicators for the First Quarter of 2018
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for ... ( read original story ...)
Hong Kong airport looking to speed up expansion work to cut impact on flight numbers
The operator of Hong Kong International Airport (HKIA) is mulling how to speed up key aspects of its expansion to allow more flights before the project’s 2024 completion date. The Hong Kong Airport Authority’s options are focused on the closure of the ... ( read original story ...)
Top 10 Most Expensive Business Trip Destinations in Asia
Hong Kong is the most expensive location for business travellers, overtaking Tokyo which drops to second in the rankings, according to the latest Daily Rates research published by ECA International, the world's leading provider of knowledge, information ... ( read original story ...)
“Hong Kong City” proposed in Greater Bay Area
The policy centre Business Professionals in Hong Kong has created a plan to transport a slice of Hong Kong into the mainland. Positioned as an idea to foster integration between the city and its mainland neighbours, it aims to address the needs of the ... ( read original story ...)
Hong Kong Currency Defense Kills Fixed-Rate Mortgage Market
Hong Kong’s banks, blindsided by rising funding costs due to the city’s costly defense of its currency peg, are clamping down on popular fixed-rate mortgages. These loans were provided at 1.68 percent for the first year of a new mortgage, lower than ... ( read original story ...)
Hong Kong’s Currency Defense Kills Fixed-Rate Mortgage Market
Hong Kong’s banks, blindsided by rising funding costs due to the city’s costly defense of its currency peg, are clamping down on popular fixed-rate mortgages. These loans were provided at 1.68 percent for the first year of a new mortgage, lower than ... ( read original story ...)
Hong Kong is so expensive that a single parking space just broke a property record
A car space in Hong Kong's Kowloon district is being rented for or HK$10,000 (US$1,274). This appears to be the most rent ever paid for a Hong Kong parking space, costing more than some of the city's smallest apartments. Hong Kong continues to break ... ( read original story ...)
Hong Kong Monetary Authority bought HK$51 billion during 13 interventions to stabilise currency against US dollar
The Hong Kong Monetary Authority, the city’s de facto central bank, has since Thursday bought HK$51 billion of its own currency by selling US$6.54 billion worth of US dollars to defend the Hong Kong dollar, a move that its deputy chief executive said was ... ( read original story ...)
Why Hong Kong’s Central Bank Intervened and Should We Worry?
Hong Kong’s central bank is buying Hong Kong dollars for the first time since 2005. And lots of them, too. It follows a long slide in the local currency that took it to the lower end of its trading band against the U.S. dollar. In the first week alone of ... ( read original story ...
Hong Kong businesses push back against ‘unfair’ proposal allowing customers to call off pricey deals
Joseph Ho Shiu-chung, former president of the Cosmetic and Perfumery Association of Hong Kong, said banks might prolong the credit ... The cooling-off period would also apply to contracts signed outside business premises and via long-distance ... ( read original story ...)
Success of Hong Kong’s renewable energy plan depends on ‘salesmanship’ of power companies, experts say
The effectiveness of Hong Kong’s newly proposed scheme to spur investment in ... According to the Environment Bureau’s plan, households and business that install renewable energy facilities such as rooftop solar or wind systems may soon be able to ... ( read original story ...)