The boss of a Hong Kong film prop company could face jail time over allegedly possessing some 200,000 “counterfeit” bank notes labelled “props”. According to testimony heard at the Eastern Magistrates Court on Thursday, the bank notes were used in ... ( read original story ...)
Two Chinese men carrying 50 bank cards robbed of HK$350,000 at ATM in Hong Kong
A visitor from mainland China suspected to have been recruited by underground banks to cross the border and withdraw cash from ATMs was robbed of more than HK$350,000 (US$44,770) in a hold-up in Hong Kong before dawn on Thursday. The 28-year-old man from ... ( read original story ...)
Mainland man carrying 40 bank cards robbed of HK$360,000 at ATM
A mainland man was robbed of HK$360,000 in cash by six knife-wielding thieves on Thursday after he withdrew the money from an ATM. Last month, Ming Pao reported that the police had observed a phenomenon of mainland people using multiple bank cards to ... ( read original story ...)
Startup Demonstrates Ultra-High Resolution Micro-LED Micro-Displays
Hong Kong based startup JBD announced recently that it has successfully demonstrated monochromatic ultra-high resolution active matrix micro-LED displays as an enabling technology for next-generation display panel applications. JBD, a Hong Kong based ... ( read original story ...)
China and Hong Kong shares keep climbing, developers lend support
Chinese H-shares listed in Hong Kong rose 0.19 percent at 12,226.95, while the Hang Seng Index was up 0.18 percent at 30,791.59. ** The smaller Shenzhen index was up 0.16 percent and the start-up board ChiNext Composite index was higher by 0.54 percent. ( read original story ...)
This Professional Poker Player Used His Winnings To Seed What Could Be Hong Kong’s Next Unicorn
But there’s one person who actually used the income from his hobby-turned-profession to found a startup that has the chance to become Hong Kong’s first unicorn: Shing Chow, founder of Lalamove, the “Uber for logistics.” Chow quit his job as a ... ( read original story ...)
Property and oil stocks take Hang Seng Index closer to all-time high of 31,958
Hong Kong stocks edged up in Friday morning trade, as gains in property and oil-related stocks outweighed losses by carmakers, insurers and industrials. Mainland markets were soft. The Hang Seng Index rose by as much as 0.5 per cent to touch a fresh 10 ... ( read original story ...)
Hong Kong legal chief steps down early amid judicial turbulence
HONG KONG (Reuters) - Hong Kong's legal chief, whose watch was marked by instances of perceived interference by China in the city's rule of law, stepped down on Friday, more than four years before the end of his term. An independent legal system sits at ... ( read original story ...)
Hong Kong must take a lead in tech listings or forever play catch-up
The dilemma facing Hong Kong Exchanges and Clearing (HKEX) for years was about more than being arbitraged against other stock exchanges over dual-class shares and losing the listing business of world-class mainland tech companies. The deeper malevolence is ... ( read original story ...)
Hong Kong is being squeezed … into China
Joint checkpoint decision in Hong Kong an ‘act of state’, leading Beijing adviser says If business assumes that the tail will only squeeze tighter, it is important to plan ahead. A good analogy might be to look at Hong Kong converging with the Shanghai ... ( read original story ...)
Hong Kong’s Swire Properties to raise US$500 million in maiden green bond issue
It has also obtained the first “green finance certification” issued by the Hong Kong Quality Assurance Agency (HKQAA). One Taikoo Place is a core component of the group’s HK$15 billion (US$1.9 billion) redevelopment project of Taikoo Place ... ( read original story ...)
China stocks climb on robust services sector activity; Hong Kong also up
Chinese H-shares listed in Hong Kong rose 0.87 per cent to 12,194.58, while the Hang Seng Index was up 0.45 per cent at 30,699.74. The smaller Shenzhen index was up 0.17 per cent and the start-up board ChiNext Composite index was weaker by 0.23 per cent. ( read original story ...)
Hong Kong private sector grows at fastest pace in almost four years on back of tourists, exports
Hong Kong’s private sector grew at its fastest pace in nearly four years in December, fuelled largely by exports to mainland China, according to a key indicator. The robust performance prompted local businesses to abandon the negative economic outlook ... ( read original story ...)
Hong Kong will start atoning for missing Alibaba listing
Hong Kong: Losing Alibaba’s 2014 listing to New York was embarrassing for a city that has thrived connecting China to world markets. Hong Kong could go some way to making up for this in 2018. New York has been the go-to venue for initial public offerings ... ( read original story ...)