(Reporting by Adam Jourdan in SHANGHAI and Matthew Miller in BEIJIJNG; Additional reporting by Twinnie Siu and Umesh Desai in HONG KONG and Shu Zhang in BEIJING; editing by Jennifer Hughes and Jason Neely) 07/31 HANG SENG BANK: H1 Profit Up 23% 07/31 DJ ... ( read original story ...)
High Hong Kong rents and long public housing queues push more to homelessness
Hong Kong’s exceptionally high rents and long queues for public housing have pushed more and more people, even those with jobs, to sleep rough on the streets or at fast food restaurants operating round the clock, according to social workers and community ... ( read original story ...)
Landmark Hong Kong-mainland rail checkpoint deal on track to be finalised
Hong Kong and the mainland will seal a politically contentious deal on Saturday to set up a joint checkpoint for the high-speed rail link to Guangzhou, dismissing critics’ warnings that it undermines the city’s autonomy. Chief Executive Carrie Lam ... ( read original story ...)
Hong Kong continuing education subsidies not enough, study finds, as number of claims down 73 per cent
Applications to claim Hong Kong government subsidies for continuing education have plummeted 73 per cent since 2006, suggesting an incentive scheme has been ineffectual, according to a Legislative Council study released on Friday. The study by the Legco ... ( read original story ...)
Hong Kong pro-independence pair found guilty of making explosives
Two alleged members of a pro-independence party in Hong Kong were found guilty on Friday of making explosives shortly before the city’s legislature was to vote on a controversial electoral reform bill. They were also convicted of further charges of ... ( read original story ...)
Hong Kong leader Carrie Lam says Beijing committed to city’s semi-autonomy
Hong Kong’s leader played down concerns over Beijing’s perceived tighter control of the city on Thursday, and said the central government was committed to upholding the “one country, two systems” principle that guarantees the city’s high degree ... ( read original story ...)
A home above a container terminal? Hong Kong public consultation to start on land supply options
Would you live in a flat in Hong Kong with panoramic sea views, but have your home built on an 80-metre high podium above one of the world’s busiest container terminals? Hong Kong residents will be asked in a public consultation next March if they would ... ( read original story ...)
Beijing could take action if Hong Kong fails to enact national security law, mainland adviser warns
A Beijing adviser on Hong Kong affairs warned on Friday that the central government could “take action” to safeguard national security if Hong Kong failed to enact the relevant local legislation. Lau Siu-kai, vice-chairman of the Chinese Association of ... ( read original story ...)
Modest rise projected for Hong Kong salaries in 2018, amid stronger-than-expected GDP growth
A stable economy in 2017 coupled with small improvements to the business landscape in Hong Kong has translated to optimism when it comes to salary increases in the market. The workforce will see a modest growth of 4.1% in their salaries in 2018 ... ( read original story ...)
Adidas to shift IT operations from Hong Kong to Shanghai
German sportswear giant Adidas is planning to relocate its information technology operations from Hong Kong to Shanghai as part of a strategy to bolster its business on the mainland. A senior executive with the company, familiar with the plan, said Stefan ... ( read original story ...)
Mandatory Provident Fund fee cuts at HSBC to spark reductions in city and increase savings
HSBC, the largest bank in Hong Kong, will cut the management fees charged for its Mandatory Provident Fund schemes from December 1, with the fees for some constituent funds set to fall by 27 per cent. The reduction is the largest ever in terms of assets ... ( read original story ...)
Why colonial Hong Kong didn’t appeal to literary big hitters
chief manager of the Hongkong and Shanghai Banking Corporation for most of the period between 1876 and 1902. Nineteenth-century Far Eastern finance aside, Jackson and his ilk inadvertently played an important role in shaping 20th-century literary history ... ( read original story ...)
Hong Kong: Quest for real soul
Dumplings, wontons and dim sums are what make Hong Kong a foodie’s delight. The smell of meat soup wafting through Hong Kong’s old streets sends both bag-packers and pin-striped Wall Street bankers, starving. On Peak Road in Wanchai, egg tarts from the ... ( read original story ...)
Hong Kong’s property cartel is pushing wealth inequality to the brink
When a Hong Kong government cabinet secretary mocks my ideas on how to reduce poverty and improve equality on a television show it is worth examining whose version of economic reality we are living in. I recently participated in a Channel News Asia panel ... ( read original story ...)