Hong Kong households and businesses that produce renewable energy through rooftop solar installations or wind systems could soon sell their excess supply to the city’s power grid – and charge up to five times what consumers currently pay. An ... ( read original story ...)
Online consumers in Asia buy three times more banking products than less tech-savvy peers, says McKinsey
McKinsey conducted the survey in the second half of 2017 to garner opinions from 17,000 consumers in 15 Asian markets, including Australia, mainland China, Hong Kong, India, Indonesia, Japan, South Korea and Vietnam. “The survey findings come as new ... ( read original story ...)
Hong Kong Gets Prominent Back-Seat Driver in Dollar Peg Defense
Few managers appreciate having their predecessor chime in with tips on how to do their job. In the case of the Hong Kong Monetary Authority, it’s the agency’s most famous former boss. The city’s de facto central bank said in a statement Tuesday there ... ( read original story ...)
Bank of Singapore to double wealth management staff in Hong Kong to cater to China’s rich
Bank of Singapore, the private banking arm of Singapore’s second-biggest lender OCBC, plans to double its staff in Hong Kong as it eyes wealth management business from China’s growing number of millionaires and billionaires, according to the bank’s ... ( read original story ...)
Hong Kong civil servants to get HK$23.7 million worth of ‘national studies training’, some of it conducted by Beijing officials
The Hong Kong government will pour HK$23.7 million (US$3 million) into “national studies training” for civil servants this financial year – an increase of 30 per cent from the previous year – and has invited a Basic Law expert from Beijing to brief ... ( read original story ...)
Industrial Securities eyes Hong Kong IPO to bolster financial strength
Industrial Securities, a mid-sized mainland brokerage based in Fujian province, is studying a plan to list shares in Hong Kong to enlarge its capital base following a private share placement to raise 8 billion yuan (US$1.27 billion) on the mainland stock ... ( read original story ...)
Hong Kong is a breeding ground for potential unicorns
Fast forward almost 80 years, and the spirit not only remains but is driving the city’s thriving startup scene. “I think Hong Kong has always been the perfect environment for entrepreneurship,” said Terence Kwok, founder and CEO at Tink Labs. ( read original story ...)
OMD Hong Kong promotes Gary Wong to MD and appoints Desmond Ko as business director
OMD Hong Kong has made key leadership appointments as a result of the agency's continued growth. Gary Wong, previously the General Manager for OMD Hong Kong, has been promoted to Managing Director with immediate effect, while Desmond Ko has been appointed ... ( read original story ...)
Hong Kong co-working factory aims to lift women out of poverty and revitalise city’s manufacturing tradition
Hong Kong may not be the manufacturing city it once was, but one man is hoping to bring its glorious past back – with a new twist. Francis Ngai Wah-sing, founder of the philanthropic organisation Social Ventures Hong Kong, launched a new 5,000 sq ft co ... ( read original story ...)
Hong Kong Plows $1.2 Billion Into Defending Currency to Little Effect
The Hong Kong dollar remains stuck at the weak end of its currency band, even after the monetary authority plowed $1.2 billion into defending the peg. The city’s dollar traded near HK$7.85 per greenback at 11:01 a.m. local time, the level that can spur ... ( read original story ...)
CMRU Proposed Issue 75,980,000 Subscription Shares to Hongkong Fule
HONG KONG, April 16, 2018 /PRNewswire/ -- China Metal Resources ... by the Company and to purchase raw materials and copper products for the ordinary course of business. The 75,980,000 Subscription Shares to be allotted and issued to Hongkong Fule ... ( read original story ...)
Asia News: Hong Kong “doggie dash” raises funds for abandoned pooches
Dozens of pugs and dachshunds, compensating for their lack of speed with dogged determination, took part in Hong Kong's inaugural "doggie dash" on Sunday to raise funds for abandoned and rescued canines. Dog-lovers packed a leafy and quiet area in the ... ( read original story ...)
China’s Hong Kong-Zhuhai-Macao mega bridge is more than an engineering challenge
The 55-kilometre bridge and tunnel project links the two special administrative regions of Hong Kong and Macau with the mainland, slashing travel time and linking up to 60 million people into a metropolis-style economy. When the first cars begin crossing ... ( read original story ...)
Hong Kong motorist in police ‘human shield’ accident says he feels ‘wronged’ by prosecution notice
Three injured motorists who were told they might face prosecution after allegedly helping Hong Kong police stop a car chase by acting as a “human shield” spoke out for the first time on Sunday, with one saying he felt “wronged”. The incident in ... ( read original story ...)