The Hongkong and Shanghai Banking Corporation (HSBC) has appointed Jayant Rikhye as the new Chief Executive Officer for India operations, replacing Stuart Milne. Rikhye, who joined the HSBC in 1989, will begin his tenure on December 1. He is currently the ... ( read original story ...)
Jayant Rikhye to take over as HSBC India CEO
London based Hongkong and Shanghai Banking Corp (HSBC) has appointed Jayant Rikhye as India CEO effective from December 1, subject to regulatory approvals. Indian born Rikhye has spent his entire career at HSBC since starting at the bank in 1989. ( read original story ...)
Eight Hong Kong bankers who quit finance for Alibaba
Alibaba, China’s e-commerce behemoth, has a thing for hiring bankers into senior leadership roles. It appointed 20-year Goldman veteran Michael Evans as its president in 2015, and a year later named another ex-Goldmanite, Douglas Feagin, as head of ... ( read original story ...)
AIA Group’s new business climbs 20% helped by China, Hong Kong
REUTERS: AIA Group Ltd, the world’s third-largest life insurer by market value, clocked a 20 percent increase in new business in the third quarter aided by strong sales in its main markets of China and Hong Kong. China and Hong Kong together account for ... ( read original story ...)
Why mainlanders have lost their appetite for Hong Kong’s fast food
Now a frequent visitor to Hong Kong on business trips and holidays, Li said that while Cantonese food still appeals to her, Hong Kong fast food chains are no longer among her dining options. “I would still go to Cantonese restaurants such as Tao Heung ... ( read original story ...)
Hopes and fears in Hong Kong, Taiwan amid China’s congress
HONG KONG – It wasn't just the dark-suited delegates in Beijing who were listening intently last week as Chinese President Xi Jinping outlined his grand ambitions to launch a twice-a-decade Communist Party congress. On China's peripheries there was ... ( read original story ...)
Hong Kong’s stocks fall first time in three days on concern gains were overdone
Hong Kong’s stocks fell for the first time in three days on concern that the gain on the benchmark gauge was excessive this year. The Hang Seng Index dropped 0.5 per cent, or 152.03 points, to 28,335.21 in morning trading. The Hang Seng China Enterprises ... ( read original story ...)
Tencent unit China Literature launches up to $1.1 billion Hong Kong IPO: IFR
HONG KONG (Reuters) - China Literature Ltd launched on Monday an IPO in Hong Kong worth as much as $1.1 billion, seeking funds for acquisitions and to expand its digital publishing business, IFR reported citing a term sheet of the transaction. The Tencent ... ( read original story ...)
Tencent unit China Literature launches up to $1.1 billion HK IPO
HONG KONG (Reuters) - China Literature Ltd, China’s largest online publishing and e-book company, launched an initial public offering for up to $1.1 billion on Monday, seeking funds for acquisitions and to expand its digital publishing business. ( read original story ...)
Hong Kong’s start-ups gather momentum after SenseTime, GoGoVan and Lalamove
Hong Kong attracted just over US$1 billion in tech venture capital deals, compared to US$2.2 billion in Singapore. While a business friendly environment bas been a catalyst for entrepreneurs - it also led to entrenched monopolies, start-up entrepreneurs ... ( read original story ...)
New police division for Hong Kong mass protests sparks fears community relations will worsen
A new police division set up under Hong Kong’s organised crime bureau in the wake of mass protests and rallies has sparked consternation from lawmakers and activists who claim community relations and official practices will worsen. Secretary for Security ... ( read original story ...)
Quality over speedy growth: what Xi’s new ‘principal contradiction’ means for Hong Kong
For many Hongkongers, the obvious highlight of President Xi Jinping’s lengthy political report on Wednesday must be the assertion of Beijing’s “overall jurisdiction” over Hong Kong, which naturally triggered a new round of debate on whether the ... ( read original story ...)
Terrifying, first-person photos show the claustrophobic conditions inside Hong Kong’s ‘coffin cubicles’
Hong Kong is in the midst of a housing crisis. As prices begin to rise and the city grows denser, some have resorted to living in the smallest of spaces. Since 2012, photographer Benny Lam has been documenting the housing situation in Hong Kong by ... ( read original story ...)
Hong Kong’s chief secretary says John Tsang probe ‘purely procedural’
Hong Kong’s No 2 official has denied allegations that the government is targeting former financial secretary John Tsang Chun-wah by demanding that he provide information regarding his failure to declare his participation in a TV programme. Chief ... ( read original story ...)