Banking stocks in both China and Hong Kong were firm, as Goldman Sachs updated China stocks to "overweight", with a bullish view on China's banking sector, citing improving credit outlook and growing loan pricing power. ( read original story ...)
Different strokes: Underwater hockey makes splash in Hong Kong
Hong Kong (AFP) - The gravity defying sport of underwater hockey has gained a worldwide following -- now a Hong Kong team is diving in as the game takes off in Asia. Invented by British navy divers in the 1950s, the acrobatic six-a-side sport requires ... ( read original story ...)
Hong Kong goes crazy for 'hero' policeman
A 20-year-old Hong Kong policeman has swept to fame online after he talked a suicidal Pakistani man out of killing himself - in fluent Urdu. The man had climbed a 20-metre-high (65ft) crane at a construction site, and police were called to the scene. ( read original story ...)
Hong Kong: An Insiders Guide to a Shopping Mecca
From high-end luxury to Asian curios and art, the city has it all when it comes to retail. Hong Kong is a shopping paradise. The airport alone rivals Beverly Hills for sheer volume of high-end shopping. From upscale retailers to funky consignment shops ... ( read original story ...)
Housing issues and pollution lead to Hong Kong trailing Singapore in quality-of-life rankings
“Hong Kong saw a dip in ranking due to recent social and political uncertainties as well as the rise in quality of living in other cities in the region,” Leung said. “The good news is, Hong Kong still remains at a relatively good standing compared to ... ( read original story ...)
Artificial Intelligence: This MBA’s Startup Builds Facebook Messenger Chatbots
He worked at IBM and interned at Google prior to an MBA at Hong Kong’s CUHK Business School. He first spoke to IBM’s supercomputer Watson in 2014. Now, fresh from his MBA, he’s co-founded his own artificial intelligence startup in Hong Kong. ( read original story ...)
Hong Kong’s Regulator SFC Warns Against Global-FX
The SFC routinely warns about such entities and scams operating in Hong Kong, one of the region’s paramount financial markets. Presently, the SFC’s comprehensive Alert List features the names of businesses that have come to the attention of the ... ( read original story ...)
HSBC names AIA's Tucker as chairman in break with past
HONG KONG/LONDON HSBC (HSBA.L) broke with tradition by choosing outsider Mark Tucker to replace Douglas Flint as chairman later this year, handing the AIA Group (1299.HK) boss the task of selecting a new chief executive for Europe's biggest bank in 2018. ( read original story ...)
HSBC names outsider for chairman
HONG KONG -- HSBC says it's tapping the head of Asian life insurer AIA Group to be its chairman, turning to an outsider for a job it has traditionally filled from within its own ranks. The London-based bank said Monday that it named AIA chief executive ... ( read original story ...)
HSBC Names Mark Tucker to be First Outsider as Chairman
Mr. Tucker, 59, would be the first outsider to take the chairman’s role at HSBC as the bank, which is based in London but generates much of its profit in Asia, reshapes its leadership. He is expected to relocate from Hong Kong to London for the role. ( read original story ...)
Stocks rally after Goldman Sachs raises China forecasts; bank, property sectors shine
Hong Kong’s Hang Seng Index closed Monday at its best level in two weeks ... the issue as it has been the market focus for about two months.” China Construction Bank, Bank of China, and ICBC all jumped more than 3 per cent, closing at HK$6.25, HK$ ... ( read original story ...)
Cities full to bursting: From £400-a-month 'coffin apartments' in Hong Kong to one-room-families in LA, the tiniest living spaces in the world revealed
And for many of its most condensed cities, it's the poorest who must bear the brunt of a worsening battle for space. In Hong Kong, where the cost of property has more than doubled since 2012, some are forced to live in spaces ominously referred to as 'cage ... ( read original story ...)
Hong Kong shopping malls hope more arts events will boost business
In a bid to attract more local customers, Hong Kong’s shopping malls have pledged to boost their arts programmes, despite the recent downturn in the city’s retail sector. Some of the city’s biggest malls are competing during Hong Kong Arts Month and ... ( read original story ...)
The tiniest living spaces in the world: From £400-a-month 'coffin apartments' in Hong Kong to one-room-families in LA, how cities are now full to bursting
In Seoul, South Korea, 73-year-old divorcee Kong Kyung-soon lives in an apartment measuring six square feet Hong Kong prices are so high that for some, cramped wire cages and 'coffin apartments' are the only option Simon Wong, an unemployed 61-year-old ... ( read original story ...)