English Financial News

Bank of Singapore expand China wealth management business

  • 2018-04-17

Bank of Singapore, the Singapore-based private banking arm of OCBC Bank, plans to double its staff in Hong Kong as it sees the surging number of millionaires and billionaires in China, according to South China Morning Post. The bank has already rent another floor in Hong Kong’s landmark, One Interna …

科技

New EV incentive hard to boost sales

The effectiveness of a new incentive, "One-on-one replacement" scheme, launched by the Hong Kong government to promote the use of electric vehicles (EVs) and boost sales is in doubt, said industry experts. Financial Secretary Paul Chan announced the scheme in his latest budget speech to allow eligib …

每周焦點

China plans to ‘open’ China ,President Xi said in Boao Forum

China President Xi Jinping announced that China is going to open the country’s economy further and lowers its tariffs on imported cars in the Boao Forum for Asia on Tuesday. President Xi, took part in The Boao Forum for Asia held in the southern province of Hainan, which has been held annually since …

Plus-size fashion shines in Hong Kong

  • 2018-03-21

Plus-size clothing shops are getting popular in Hong Kong, challenging the slogan "skinny equals beautiful" and providing more fashionable options to curvy girls and women. The Body Positive Movement started in the U.S., encourages people to love their bodies no matter what shape you are. It uses so …

Traders embrace inverse ETFs to counter volatility

  • 2018-03-15

Inverse ETFs (Exchange Traded Funds), which have gone through a slow pace of development since they were launched in Hong Kong in 2017, enjoyed a surge in trading volume last month as investors used the product as a hedging tool to counter sharp declines in stock markets decline. Inverse ETF is a ki …

本地經濟

Revitalizing industrial building policy seems unhelpful

The Hong Kong government plans to reactivate the policy of revitalizing industrial buildings for non-industrial purposes, such as cultural and creation activities, but some tenants complained that this policy does not help them but heavily increases their fiscal burden. Revitalizing policy causes sh …

Young home buyers keen on first home program

  • 2018-03-04

NewGen First Home Program, which aims to help young people to buy their first property with an initial down payment as low as 7.5%, has been oversubscribed by more than 80 times, showing a strong demand from Hong Kong's new generation. New World Development (0017) unveiled the program earlier this y …

Fast food industry getting futuristic with self-order kiosks

  • 2018-02-28

McDonald's has revamped its food ordering service with self-service kiosks, triggering a wave in the fast food industry and paving the way to unmanned restaurants. “McDonald’s launching of self-ordering kiosks in Hong Kong pushes the local food industry to change their traditional way of service. Al …

【2018 Budget】HK government puts $796 million in elderly health care

  • 2018-02-28

Hong Kong Financial Secretary Paul Chan said in his 2017/18 budget speech that the government is going to spend $796 million in elderly health care, including raising the limit of accumulated Elderly Health Care Vouchers to $5,000 from $4,000 and providing an additional $1,000 worth of vouchers to e …

One-stop service providers lower online shop threshold

  • 2018-02-05

The emergence of one-stop service providers allows people to set up online shops easily via an automatic system of delivery, procurement and customers service but a lower threshold to enter the e-commerce market could mean fierce competition with the weak being weeded out fast.  Hong Kong's e-commer …