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 →

HK second board listings surge on debute

The top shares outperforms the market by notching astonish 19-fold gain on the first trading day GEM board, second board of HKEX, seems a hype market and has become a wonderland for investors seeking to “cash out” after taking advantage… Continue Reading →

Hong Kong ranks after Singapore in financial centre index

Competitiveness of Hong Kong slides The latest index released by Z/Yen Group shows Singapore has overtaken the SAR as the No 3 global financial center. As the dominant financial centre to Chinese economy, Hong Kong’s financial center status is irreplaceable… Continue Reading →

HSBC forecasts weaker renminbi to 6.9 againt USD

Chinese yuan internationalization remains Investors have to accept that more volatile and possibly weaker RMB to USD as the new “normal”. 6 April 2016 HSBC analyst sees renminbi down 6% by year-end The Chinese renminbi is likely to further weaken… Continue Reading →

Food trucks for Hong Kong

Pilot scheme reveals 12 vehicles in prime locations at Wan Chai, Central, Tsim Sha Tsui, Disneyland Restaurant owners  have doubts how to be fair with food truck ventures to assign the spots whether the scheme fall into that the richest… Continue Reading →

Hong Kong restricts vaccinations for non-resident children

Mainland parents can bypass the limit by going to Hong Kong private clinics Mainland parents have been flocking to Hong Kong for pneumococcal vaccinations for their kids as drugmaker Pfizer has stopped selling a vaccine in China earlier 2015 and… Continue Reading →

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