The USS Ronald Reagan will be the first U.S. carrier visit to Hong Kong in two years. In April 2016 ... United Press International is a leading provider of news, photos and information to millions of readers around the globe via UPI.com and its licensing ... ( read original story ...)
Spanish expats in Hong Kong condemn police brutality during Catalonia referendum
Some Spanish expatriates in Hong Kong have condemned police violence in their home country, but remain divided over the legality and timing of Sunday’s referendum on independence for Catalonia. A Madrid business leader in Hong Kong urged pro-independence ... ( read original story ...)
A Hong Kong penthouse just sold for over $13K psf
despite efforts from the government to cool down property prices, according to Bloomberg. The unit is 4,971 square feet and includes three parking spots and a private swimming pool. Prices for homes in Hong Kong hit record highs this year and climbed for ... ( read original story ...)
More fintech firms seen to launch Hong Kong IPOs
The head of JP Morgan’s global investment banking division in China said more Chinese financial technology firms may follow Zhong An Online Property and Casualty Insurance’s lead in launching initial public offering (IPO) in Hong Kong. Houston Huang ... ( read original story ...)
Hong Kong’s SFC unveils regtech sandbox
Hong Kong’s Securities and Futures Commission (SFC) has launched its SFC Regulatory Sandbox to provide a place for firms to test out their ideas. Like other regulators, the SFC says: “For the sake of market integrity and better investor protection ... ( read original story ...)
Bank watchdogs in final reform effort as fatigue sets in
Trump’s Treasury Secretary Steven Mnuchin has recommended delaying new global bank trading book rules, a step Australia, Hong Kong and Singapore are also taking - and the European Union is resisting, potentially fragmenting standards for a period. ( read original story ...)
BEA Union becomes first Hong Kong fund house to sell its products in Switzerland
BEA Union Investment Management has become the first Hong Kong-based fund house to gain approval to sell its products in Switzerland under a new cross-border trading scheme. “Switzerland is well known for its wealth management and private banking services. ( read original story ...)
Thousands pour into Hong Kong roads in protest
Hong Kong — Tens of thousands marched in China-ruled Hong Kong on Sunday in an "anti-authoritarian rule" march that called for the resignation of the city’s top legal official over the recent jailing of young democracy activists. The march, an annual ... ( read original story ...)
Mark Tucker wastes no time choosing next HSBC chief
“Retail banking is good when it’s deep like in Hong Kong or the UK, but not when you are spread too thinly. He is likely to look at this with a slightly sharper pencil.” HSBC has done more than 80 disposals in seven years, exiting consumer banking ... ( read original story ...)
Hong Kong, thousands march for democracy on Chinese national holiday
A day not for celebration, but for "national sadness" for the "status of the rule of law in Hong Kong." The memory of the three young Occupy Central activists sentenced to months in jail by will of the city government. "Political persecution" also for co ... ( read original story ...)
Stock Picker Who Snared a 7,000% Hong Kong Return Eyes His Next Win
He’s betting it will benefit from increasing demand for credit just as European bank stocks begin to shed the gloom that depressed valuations in the aftermath of the financial crisis. A U.K. legal dispute hanging over Deutsche Pfandbriefbank’s stock ... ( read original story ...)
The AI haves are pulling ahead of have-nots, McKinsey study finds
Hong Kong-based startup CompareAsiaGroup ... It requires a shift in mindset as well as a complete overhaul of processes in many cases. McKinsey estimates that smart factories – dubbed the fourth industrial revolution or Industry 4.0 – can boost ... ( read original story ...)
A Hong Kong apartment sets an Asian price record, amid government curbs
Hong Kong home prices hit all-time highs this year ... The local monetary authority in the same month introduced fresh curbs on second-home mortgages as well as borrowers whose income is derived mainly from overseas sources. The recently sold home was ... ( read original story ...)
Hong Kong’s Airport Needs US$8.8 Billion Debt for Third Runway
... Authority Hong Kong needs to raise HK$69 billion (US$8.8 billion) to fund the runway, and should consider selling bonds and tapping the loan market, according to a report by its financial consultant HSBC Holdings Plc. Asia's busiest international ... ( read original story ...)