HONG KONG, Feb 28 (Reuters) - Hong Kong’s Financial Secretary said on Wednesday the city’s red-hot property market will gradually come under pressure as more flats hit the market and interest rates are expected to rise. Hong Kong is one of the most ... ( read original story ...)
Hong Kong gets artsy and other travel news
March is the best time for artsy travellers to explore Hong Kong. During Hong Kong Arts Month, events take place across the city — everything from major exhibitions to dance, music, theatre and local happenings. Here is a sample: * The 46th Hong Kong ... ( read original story ...)
Why is Hong Kong upset about an export industry that doesn’t exist? Look to Beijing for the answer
The Hong Kong government and industry players lashed out yesterday at Washington’s plan to impose tariffs on aluminium imports from the mainland and the city, which has been dragged into escalating Sino-US trade tensions. - SCMP, February 28 I have an ... ( read original story ...)
Hong Kong’s Science Park to take the lead on driving innovation and technology as it receives major cash injection
Hong Kong’s Science Park is set to play a leading role in the government’s drive to turn the city into an innovation and technology (I&T) hub as it was granted a major slice of the HK$50 billion funding package dedicated to hi-tech industries. ( read original story ...)
Hong Kong finance chief Paul Chan gives cash to help use idle government sites – but nothing to boost home ownership
The Hong Kong finance chief sought in his latest budget to make more efficient use of idle or underdeveloped government, institutional and community land to ease the city’s housing crisis. This includes a HK$1 billion subsidy to help NGOs use almost 900 ... ( read original story ...)
Hong Kong reboots with ‘back to the future’ budget as Paul Chan splashes HK$50 billion on hi-tech spending and HK$50 billion on goodies
A budget with a clear eye on the future and massive spending to alleviate people’s burdens – these were the twin pledges from Financial Secretary Paul Chan Mo-po as he set out the Hong Kong government’s spending blueprint with a record surplus of HK$ ... ( read original story ...)
Hong Kong Exchanges and Clearing : HKEX executive says maintaining active dialogue with Saudi Aramco on IPO plan
HONG KONG (Reuters) - Hong Kong Exchanges & Clearing (HKEX) is still maintaining an "active" and "good conversation" with Saudi Aramco about its planned massive share sale, the head of HKEX said on Wednesday. At a news conference after announcing its ... ( read original story ...)
HK police hunting armed bank robber who stole HK$70,000
Police are hunting for an armed robber who stole around HK$70,000 (nearly US$9,000) from a Bank of East Asia branch in Central on Hong Kong Island on Wednesday afternoon. At 3:30pm, a man aged around 50 was seen pointing what appeared to be a gun at a ... ( read original story ...)
Hong Kong’s budget is a push for fintech, innovative industries
Over HK$50 billion ($6.4 billion) would be earmarked for "investing in the future", Chan said, to help innovative and creative industries include a start-up fund and investments in sectors such as fintech. Hong Kong is widely seen to be lagging far behind ... ( read original story ...)
China startup Nio hires eight banks for up to $2 billion U.S. IPO: sources
HONG KONG (Reuters) - Chinese electric vehicle startup Nio has hired eight banks including Morgan Stanley and Goldman Sachs to work on a planned U.S. stock market listing this year worth up to $2 billion, people with knowledge of the matter told Reuters. ( read original story ...)
Hong Kong unveils expansionary budget, push into innovative industries
Over HK$50 billion ($6.4 billion) would be earmarked for “investing in the future”, Chan said, to help innovative and creative industries include a start-up fund and investments in sectors such as fintech. Hong Kong is widely seen to be lagging far ... ( read original story ...)
Hong Kong’s budget to push for fintech, innovative industries
Over HK$50 billion ($6.4 billion) would be earmarked for "investing in the future", Chan said, to help innovative and creative industries include a start-up fund and investments in sectors such as fintech. Hong Kong is widely seen to be lagging far behind ... ( read original story ...)
(Budget) HK$200m for Cyberport to help startups
outside Hong Kong, he says. "The financial assistance offered under Cyberport’s incubation program to individual start-ups will also increase by 50 percent to HK$500,000.'' ( read original story ...)
Hong Kong’s economy seen moderating but expansionary budget to lend support
HONG KONG (Reuters) - Strong consumption ... He will also seek to help innovative and creative industries through tax incentives, a start-up fund and investments in sectors such as artificial intelligence, fintech and biomedical science, with the city ... ( read original story ...)