The board of Hong Kong’s railway operator on Thursday came down hard on ... Even the MTR’s senior management only became aware of these problems from news reports.” He was referring to revelations about faulty construction by contractors and cover ... ( read original story ...)
New law on hearsay evidence designed to give Hong Kong’s vulnerable better protection in criminal court cases
Hong Kong legal professionals have said allowing the introduction of hearsay evidence will “assist the quest for truth” and help prosecutors get justice for victims in cases involving vulnerable defendants. After years of calls for its introduction ... ( read original story ...)
Hong Kong man bites off thumb tip of opponent in fight on MTR train – severed part found five stops later
A fight between two commuters on a crowded train in Hong Kong on Thursday left one with part of his left thumb bitten off and the other with facial injuries. The men, aged 64 and 54, were arrested by police at Mong Kok station, but the severed thumb tip of ... ( read original story ...
China’s Xiaomi secures seven cornerstone investors for $6.1 billion Hong Kong IPO
HONG KONG (Reuters/IFR) - Chinese smartphone maker Xiaomi Corp has lined up $548 million from seven cornerstone investors including U.S. chipmaker Qualcomm Inc for its Hong Kong IPO of up to $6.1 billion, according to a term sheet seen by Reuters. ( read original story ...)
Hong Kong’s competition watchdog takes 5 IT firms to tribunal in first action under new law
Any form of bid rigging is a serious breach of the competition law no matter the method or who is involved, Hong Kong’s antitrust tribunal heard on Wednesday in its first case since the ordinance was fully implemented in December 2015. The city’s ... ( read original story ...)
China’s Xiaomi targets as much as $6.1 billion in Hong Kong IPO: sources
HONG KONG (Reuters/IFR) - Chinese smartphone maker Xiaomi Corp is planning to raise up to $6.1 billion from a Hong Kong IPO launching this week, people with knowledge of the matter said, in what will be one of the biggest tech floats globally of recent years. ( read original story ...)
Manulife Hong Kong launches ManuDelight Annuity Plan Simple, flexible retirement plan offers extra income protection
HONG KONG, June 20, 2018 /PRNewswire/ -- Manulife Hong Kong has launched ManuDelight Annuity Plan, an innovative solution for young and middle-aged people who want guaranteed retirement income in the future but also flexibility and extra income protection ... ( read original story ...)
ZTE’s Hong Kong shares rise after clarification of U.S. bill impact
HONG KONG (Reuters) - Shares of China’s ZTE Corp rose as much as 18 percent in Hong Kong on Wednesday as the impact of a U.S. Senate bill that threatens to restore penalties on the company became clearer. In clarification announcements during the noon ... ( read original story ...)
How generous is Hong Kong? Above average, according to HKU survey on donations and charitable work
The altruism poll, conducted by the University of Hong Kong, found that 83.5 per cent of respondents ... apps such as Facebook and WhatsApp play a pivotal role in sharing such news and events,” he said. “But people can also be deceived since ... ( read original story ...)
Downward spiral of Sino-US trade spat will hurt Hong Kong, commerce chief Edward Yau warns
Yau said the bureau met with business chambers on Tuesday to explain the quantitative impact on Hong Kong arising from the trade war. On news of the worsening trade war, the Hong Kong stock market slumped to its lowest in four months with the benchmark ... ( read original story ...)
ZTE shares rise in Hong Kong after clarification of U.S. bill impact
HONG KONG (Reuters) - Shares of China’s ZTE Corp rose as much as 18 percent in Hong Kong on Wednesday as the impact of a U.S. Senate bill that threatens to restore penalties on the company became clearer. In clarification announcements during the noon ... ( read original story ...)
Hong Kong medical panel rejects universal breast cancer screening for women in city
There is “insufficient evidence” that universal screening could help fight breast cancer, the most common cancer for women in Hong Kong, a government working group of doctors has concluded. After analysing international and local studies, as well as ... ( read original story ...)
Hong Kong’s Independent Police Complaints Council to step up monitoring of the force, new chief pledges
The new chairman of Hong Kong’s police watchdog on Tuesday pledged to be more proactive in reviewing the practices of the force, and said he would even take issues to the city’s leader when necessary. The promise by Anthony Francis Neoh comes as the ... ( read original story ...)
Estimates for traffic on Hong Kong mega bridge cut by up to 26 per cent because of competition, government admits
The much-delayed multibillion-dollar Hong Kong-Zhuhai-Macau bridge will accommodate up to 26 per cent less traffic in 2030 than previously estimated because of keen competition expected from another mainland bridge and China’s national railway ... ( read original story ...)