Few bigger challenges loom for Hong Kong’s new Chief Executive Carrie Lam than bringing down real-estate prices in the city, the world’s least affordable. Increasing the supply of available land may take time, so she could start with removing property ... ( read original story ...)
Hong Kong, mainland stocks close lower on liquidity concerns
The Hang Seng Index slipped amid fluctuating trade ... a 0.4 per cent rise in profit to 278.2 billion yuan after the Hong Kong market closed on Thursday. Another heavyweight Chinese lender Bank of Communications slipped 0.5 per cent to close at HK$6.06. ( read original story ...)
Hong Kong shares fall, weighed by financials, Tencent
SHANGHAI, March 30 (Reuters) - Hong Kong stocks fell on Thursday, weighed by financials and index heavyweight Tencent, with weakness in mainland stocks also hurting sentiment. The benchmark Hang Seng index dropped 0.4 percent to 24,301.09 points, while the ... ( read original story ...)
Hong Kong pro-democracy activists appear in court
The nine activists could face up to seven years in prison for charges of conspiring to cause public nuisance or inciting others to do so [EPA] Nine pro-democracy Hong Kong activists appeared in court on Thursday for their role in the 2014 Umbrella Movement ... ( read original story ...)
Hong Kong stocks flat, Fosun volatile after surprise CEO resignation
Hong Kong stocks closed flat on Wednesday while mainland China shares extended their losing streak for the third day. The Hang Seng Index edged up 0.2 per ... and 1.6 per cent respectively. Agricultural Bank of China and Bank of Communications closed ... ( read original story ...)
Hong Kong stocks retreat; Tencent pulls back from record high
Hong Kong stocks erased opening gains and edged lower in Thursday’s early trading, after US markets closed mixed overnight in the wake of hawkish comments from Federal Reserve speakers. The Hang Seng Index ... car maker Tesla. Bank of China dropped ... ( read original story ...)
Hong Kong toy tycoon still game for a new enterprise at the age of 93
“My business philosophy has always been the Cantonese saying, take down a big tree with a small knife, which means using minimal resource to get maximum result.” Toy story: how tycoon Lam Leung-tim built his empire Born in Hong Kong in 1924, the ... ( read original story ...)
Hong Kong Feb retail sales slip on weak tourist spending
Hong Kong's retail sales fell for the 24th straight month in February, hurt by a lack of growth in tourist spending as a strong local dollar hit tourism and business activity. Retail sales fell 5.7 percent from a year earlier to HK$34.8 billion ($4.48 ... ( read original story ...)
Hong Kong ‘king of votes’ seeks court go-ahead to amend his election expenses form
“King of votes” lawmaker Eddie Chu Hoi-dick has applied to a Hong Kong court, asking to correct errors in his election expenses declaration in a bid to avoid legal consequences, according to a writ filed on Wednesday. The legal document, addressing the ... ( read original story ...)
Hong Kong protest leaders appear in court smiling after surprise summons
HONG KONG (Reuters) - Nine leaders of Hong Kong's 2014 democracy protests appeared in court on Thursday after their surprise summons, charged with inciting the street occupation that paralyzed parts of the city for months in what some expect to be a long ... ( read original story ...)
United Airlines targets Hong Kong-San Francisco route for new aircraft and business class
In a bid to take on the “challenging” Asian market, United Airlines, one of the world’s largest carriers, has designated its Hong Kong-San Francisco route as the first international course for a new aircraft and business class product, a company ... ( read original story ...)
Edmonton man charged after police seize steroids shipped from Hong Kong
A 26-year-old Edmonton man is facing drug trafficking charges after Canadian border guards seized a package of steroids shipped from Hong Kong. On March 21, the RCMP and Canada Border Services Agency started a joint investigation into illegal importation ... ( read original story ...)
New Airbus A350-900 makes 1st scheduled Canadian flight
The passengers flying from Vancouver to Hong Kong didn't know they were scheduled to embark on Cathay Pacific's new Airbus A350-900 on Tuesday morning. But with an airplane-shaped cake in the waiting area, a DJ and speeches, it quickly became clear to the ... ( read original story ...)
Hong Kong news stands to accept cashless payments in bid to boost business
Hong Kong’s half-century-old news stand industry has teamed up with a home-grown electronic wallet firm, hoping to rescue their dwindling business by tapping into the fast growing digital world. From Wednesday, people will be able to buy newspapers and ... ( read original story ...)