English Financial News

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 …

HKEX dual-class share reform to attract unicorn IPOs

  • 2018-01-24

Afraid of losing initial public offerings (IPO) by technology giants like Alibaba, the Hong Kong Stock Exchange is set to allow dual-class shares to list on the mainboard, trying to lure mainland unicorns or private startups with a valuation of over US$1 billion back to the city. More unicorns’ list …

Stockflash: Stock social app sees niche market

  • 2018-01-22

Financial technology, or FinTech, has become a hot topic and attracted a number of innovative youngsters in Hong Kong. Law Chi Ho and Samuel Wan jumped into the bandwagon in 2016 and founded Stockflash, a mobile social app, to provide information and tips of Hong Kong stocks to individual investors. …

Local leather brands weather high rents by diversification

  • 2018-01-13

Hong Kong leather brands are looking into diversifying their business to survive the high rental expense as rising costs have drawn many manufacturers to shift their productions to mainland China and South-east Asia. Though foreign buyers consider Hong Kong as an important sourcing centre for leathe …

【Local】Reservation apps match empty tables with empty stomaches

  • 2017-12-23

Busy Hongkongers love eating out. They are the biggest spenders on food in the Asia Pacific region, spending an average HK$1,771 per person every month, according to a survey conducted by MasterCard. Seizing business opportunities in the food and beverage (F&B) industry, several foreign firms ha …

HPV vaccine approved in China GSK gears up for huge market

  • 2017-12-01

British pharmaceutical giant GlaxoSmithKline (GSK) aims to tap the Mainland China market by officially list HPV vaccine Gardasil 4 there this December, just a few months after Cervarix 2, the first vaccine for human papillomavirus (HPV) made its presence in the mainland. GSK has agreed to supply Gar …

【Local】Struggling HK recyclers urge for more help

  • 2017-11-23

Hong Kong's recycling industry is seeking for more help from the government as a new licensing policy on e-waste recyclers in town and China's move to ban waste imports have put the fledging business at stake. The Mainland Chinese government will, starting from early next year, phase in more stringe …

【Start-up】New approach to Chinese herbal drinks

  • 2017-11-23

With constantly increasing attention to a balanced living lifestyle, Chinese herbal drinks are raising in Hong Kong with a modern taste. Built on the foundation of traditional Chinese medicine principles, those fusion drinking products help promote the over-2500-years cultural heritage to the youngs …

SMEs doubt effectiveness of proposed tax cut

  • 2017-11-23

Chief Executive Carrie Lam proposed to halve the profit tax rate for the first $2 million to 8.25 percent in her policy speech, however, the small and medium-sized enterprises (SMEs) said it is not very helpful to them and some professionals suggested the policy should be more target-oriented. Honor …

Education AI gears up in Hong Kong

  • 2017-11-21

  Artificial intelligence (AI) has a huge impact on our daily life from using “Siri” to find the nearby restaurants, set auto-responses to customers to steer self-driving cars. Its influence is likely to grow in the coming years and one of the areas that AI could make big changes in the future …