Uber to sell China’s operation to rival Didi after cut-throat price wars

Huge loss in China market concerns the investors Analysts believe that Uber Technologies Inc has already lost US$2 billion in China in two years, investors push the US tech company to wave the white flag to a bruising battle with… Continue Reading →

Hong Kong marriage trend updates

Late marriage and high divorce rate are the trend in the city According to the latest government data, the number of marriage registration in 2015 is 51,609 which is a decade low. The median age for marriage for women was… Continue Reading →

Hong Kong regains the crown of world’s most expensive city for expats to live

Strong currency and barely affordable housing push Hong Kong to the top of the list According to the latest annual survey of 2016 Cost of Living Rankings by consultancy firm Mercer, Hong Kong has been named the world’s most expensive… Continue Reading →

Cooling China economy hits Hong Kong and Singapre

The banking boom days are officially over in Hong Kong and Singapore Asia’s two top financial hubs are facing a rapid growth deceleration with China’s slowdown and the continuing shrinkage of the financial industry striking both Singapore and Hong Kong…. Continue Reading →

MIT launches Hong Kong Innovation Node

The long-term presence in the city brings collaboration of MIT community with students, entrepreneurs and companies in Hong Kong and the Pearl River Delta region. MIT launches Innovation Node in Hong Kong 8 June 2016 The Massachusetts Institute of Technology… Continue Reading →

Sixth batch of iBonds to launch on 31 May

Hong Kong residents can apply through retail banking channels. The sixth batch of iBond will be available for sale from 31 May to 8 June, with an issue amount of $10 billion, for a term of three years. The minimum… Continue Reading →

Mainland China is the biggest risk to Hong Kong banking stability

Hong Kong banking sector outlook remains “negative” Generally, analysts attribute the negative outlook to Hong Kong banks’ growing exposures to mainland China, deteriorating credit conditions in mainland, asset market imbalances Hong Kong’s economy, and the government’s proposal on revised bank… Continue Reading →

Survey: We love internet surfing more than sleeping

Hong Kong working people topped the list of most sleep-deprived Asian city The latest release of AIA Healthy Living Index, the survey conducted by AIA Group tracking over 10000 adults across 15 Asian cities since 2011, finds that average participants… Continue Reading →

Visitors to Hong Kong surged in Labor Day holiday

Tourists from Mainland China showed double-digit yearly growth The year-long deterioration in tourist figures has slowed in the last 2 months, in a possible turning point after the latest figure in Labor Day holiday. The number of mainland visitors has… Continue Reading →

Hong Kong to boost Fintech development

Upcoming government-led initiatives are confirmed Aiming to facilitate the development of start-ups in various sectors of financial services including financing, payment & infrastructure, operation & risk management, investment & wealth management, security, and data analytic, Hong Kong government is dedicated… Continue Reading →

Hong Kong is not another Shanghai

In terms of globalization of financial market, Beijing is the stronghold of “One Country, Two Systems”. Hong Kong’s success of being an international financial hub, meanwhile, largely owes to its solid social and legal infrastructure. Hong Kong’s financial sector is… Continue Reading →

China tour groups to Hong Kong declines rapidly

Outlook of Hong Kong retail and property sector are gloomy These sectors are experiencing a difficult structural change. Over the past decade, landlords and luxury retailers have reaped the benefit of strong demand from the boom of mainland Chinese tourists… Continue Reading →

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