Do you work for a global bank in Hong Kong? The future of your job is increasingly being decided not by your firm’s head office in the US or Europe…but by the Chinese government. And as a result, the future is not necessarily that bright if you want to ... ( read original story ...)
Millennial leaving ‘boring’ banking world for crypto industry
But he longed to go back, so the following year he applied to 12 banks in Hong Kong for a summer internship, landing one at Deutsche Bank. He was thrown into the fray as the global bull market crested in the summer of 2007. “It was a blast,” Hayes says. ( read original story ...)
Hong Kong banks nearly double profits growth in 2017
Overall, the HKMA said Hong Kong's banking sector had performed well, with their net interest margin, an important indicator in a bank's profitability, reaching 1.45% last year. Hong Kong banks will report their individual 2017 results in late February and ... ( read original story ...)
US prosecutors demand ex-Hong Kong minister Patrick Ho be denied bail
While claims of Ho’s case being of a political character would be “frivolous”, the prosecutors cited a few columns and news reports in Hong Kong and mainland media that speculated about the motive behind the prosecution. They said the US government ... ( read original story ...)
Tesla Threatens To Pull Out Of Hong Kong Over EV Incentives
Tesla is considering curbing its presence in Hong Kong if the city’s authorities don’t start offering EV buyers more incentives, a source close to the company told South China Morning Post. Last year, the daily notes, Hong Kong’s chief executive ... ( read original story ...)
Former Hong Kong home secretary Patrick Ho denied bail in US bribery case, labelled flight risk
Former Hong Kong senior official Patrick Ho Chi-ping, detained in the US on bribery charges, was denied bail after a New York judge ruled that he presented a flight risk. The decision by US federal district judge Katherine Forrest followed an objection by ... ( read original story ...)
Hong Kong investors’ tails will be wagging in Year of the Dog as feng shui predicts solid year for Hang Seng Index
Investors in the Hong Kong stock market will have their tails up in the Year of the Dog, with the Hang Seng Index set for solid gains and pharmaceutical and consumers stocks a good bet, according to the annual “Feng Shui Index” compiled by Hong Kong ... ( read original story ...)
Hong Kong Monetary Authority chief Norman Chan rejects calls to relax mortgage policies
Hong Kong Monetary Authority chief executive Norman Chan Tak-lam on Monday rejected calls by lawmakers to relax mortgage policies, and said the city’s property market was still too overheated for any such relaxation. The authority, Hong Kong’s de facto ... ( read original story ...)
Eskom’s Sean Maritz faces suspension over McKinsey contract
It has recently emerged that Maritz signed a letter to consultancy firm McKinsey saying that the company’s R1 ... He also allegedly signed off on a R400 million payment to a Hong Kong bank account. ( read original story ...)
Hong Kong’s MPF gains most in almost two years with 4.35 per cent return in January
Hong Kong’s Mandatory Provident Fund has achieved its highest monthly return in almost two years, with a 4.35 per cent gain in January. It was the 13th consecutive month of gains for the compulsory retirement plan that covers 2.8 million employees and ... ( read original story ...)
Hong Kong government accused of lying to public over how many houses could be built on exclusive golf course
Hong Kong government has been accused of “deliberately misleading the public” by lowballing the number of homes that could be built on an exclusive golf course in Fanling, with debate on the proposal set to restart on Tuesday. The administration has ... ( read original story ...)
Car crash fells wall at Hong Kong’s historic Wan Chai police station, but compound’s heritage value survives
Hong Kong heritage enthusiasts could breathe a sigh of relief on Sunday evening after it was confirmed that the old Wan Chai police station compound would remain largely intact, its historical value undiminished, despite a truck smashing into and ... ( read original story ...)
Has Hong Kong pulled the plug on electric cars?
When Financial Secretary Paul Chan Mo-po drastically slashed a tax break for electric cars last February, evangelists for zero-emissions vehicles in Hong Kong were bewildered. Chan – who chairs a steering committee on the promotion of electric vehicles ... ( read original story ...)
Ivory trade banned in Hong Kong by 2021
A month after China shut down all of its ivory markets on the mainland, Hong Kong has implemented a plan to phase out its own ivory trade over the next three years. Ivory seized in London after it was smuggled from Nigeria to importers in Hong Kong and China. ( read original story ...)