Hong Kong’s slow economic growth and acute political divisions since the 1997 handover “went beyond Beijing’s expectations”, and state leaders were “anxious” about the city’s diminishing financial role, a scholar and adviser to the central ... ( read original story ...)
Hong Kong judge scolds lawyers after assault victim is left to stress over testifying against attacker
A judge on Monday chided lawyers for not doing enough to ease pressure on a young sexual assault victim who was left wondering if she had to testify against her attacker in court. It came as judge Johnny Chan Jong-herng sentenced a father of six to 26 ... ( read original story ...)
HK leader given role in China's top political advisory body
BEIJING — China's top political advisory body voted Monday to appoint Hong Kong Chief Executive Leung Chun-ying to the ceremonial post of vice chairman, ahead of his departure from office in July. Leung announced in December that he wouldn't seek a ... ( read original story ...)
Hong Kong’s leader elected to top post of China’s advisory body
he has been firm in stance and resolute in action, effectively safeguarding national sovereignty, security and development interests, as well as Hong Kong’s overall interests, Choi was quoted as saying by state-run Xinhua news agency. ( read original story ...)
Ultra-rich in mainland, HK love property
Visitors take photos at the Kowloon waterfront facing Victoria Harbor that overlooks prime property of Hong Kong. Ultra-rich people grew in Chinese mainland and Hong Kong in 2016. [Photo/Agencies] The Chinese mainland and Hong Kong saw strong growth in ... ( read original story ...)
The shadow looming over Hong Kong’s pumped up asset prices
Because of its “currency board” exchange rate link to the US dollar, Hong Kong automatically imports US monetary policy. So when the US Federal Reserve initiated its “quantitative easing” (QE) policy in the depths of the financial crisis in 2008 ... ( read original story ...)
Hang Seng Rises As Goldman Turns Bullish On China’s Banks
The Hang Seng ... Agricultural Bank of China has the shortest asset duration, which means it can roll over its short-term assets and invest at higher interest rates. Goldman also likes ICBC and Postal Savings Bank of China (1658.Hong Kong). ( read original story ...)
Hong Kong Regulator Probes CCB International's IPO Work
Hong Kong’s securities regulator is investigating CCB International Holdings Ltd., the No. 2 underwriter of initial public offerings in the city last year, for its role advising a Chinese seafood supplier on now-scrapped listing plans, according to ... ( read original story ...)
Hong Kong Uber drivers found guilty of illegal car hire, latest blow to firm
HONG KONG A Hong Kong court on Friday found five Uber drivers guilty ... scrutiny as well as fierce local competition in a number of markets. It sold its China business to local rival Didi Chuxing in August 2016 after an intense two-year battle when ... ( read original story ...)
HSBC breaks with tradition, names AIA boss Tucker as chairman
HONG KONG/LONDON HSBC Holdings Plc (HSBA.L), Europe's biggest bank, tapped an outsider for its top job on Monday, appointing insurance veteran and AIA Group boss Mark Tucker as chairman to replace Douglas Flint, who said last year he planned to step down ... ( read original story ...)
HSBC Names 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 ...)
HSBC's CEO is retiring next year — and it just poached an insurance CEO and Goldman board member to be chairman
HSBC Holdings Plc is lining up Mark Tucker, currently chief executive of insurer AIA Group Ltd, to be the next chairman of Europe's biggest bank, sources with direct knowledge of the matter said on Sunday. Regulators in Hong Kong and London have signalled ... ( read original story ...)
HSBC unveils AIA boss as its next chairman
The appointment of Mr Tucker, a former boss of insurance giant Prudential who was also briefly the finance chief of ill-fated HBOS, was confirmed by HSBC shortly before the open of Hong Kong stock market trading late on Sunday night. The 59-year-old said ... ( read original story ...)
HSBC Names AIA Chief Mark Tucker As Chairman
HSBC (5.Hong Kong/HSBC) has named AIA Group‘s (1299.Hong Kong) CEO Mark Tucker as its next chairman. Tucker is set to begin his new role on October 1. Tucker is a good fit for HSBC, because HSBC’s business opportunities and focus are also in Asia ... ( read original story ...)