English Financial News

HK Medical firms see roadblocks in China market

  • 2017-11-21

Hong Kong-listed medical companies are trying to tap the huge potential in the mainland China healthcare market but found policy and cultural risks could be major roadblocks. Getting into mainland As China‘s economy is growing fast, many Hong Kong healthcare companies have plans to invade the medica …

【Local】Hong Kong cinemas being upgraded to lure audiences

  • 2017-11-20

Hong Kong’s film industry is struggling and soaring rents have more than halved the number of cinemas in the city while operators are upgrading their cinemas with high-tech equipment, such as IMAX theatre and 4K screening, and moving to residential areas on hopes to lure customers. Many cinemas aim …

【Technology】Chatbot sees potentialities in Hong Kong

  • 2017-11-07

Have you ever asked Siri about weather? Have you ever asked Amazon.com’s Alexa to play music? Have you ordered a cab from Facebook Messengers? If so, you have already benefitted from the business revolution of messenger Apps or Chatbots. Chatbots is a kind of automatic intelligent conversation syste …

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【19th NCCPC】NCCPC eyes on innovations and Bay Area Plan

Innovations and the Bay Area Plan are among the major focuses highlighted in the 19th National Congress of the Communist Party of China (NCCPC). Hong Kong is expected to be benefitted from these plans by developing its application technology and cooperating with Guangdong and Macau. Increasing resou …

【2017 Policy Address】Hong Kong proposes tax relief to SMEs

  • 2017-10-11

Hong Kong Chief Executive Carrie Lam Cheng Yuet-ngor said the government proposes to half profits tax rate for the first $2 million profits of companies to 8.25 percent, with an aim to provide a tax relief to small and medium-sized enterprises (SMEs). The new tax is even lower than the proposed rate …

【2017 Policy Address】HK 2017 GDP seen rising over 3.5 pct

  • 2017-10-11

Hong Kong's economic growth is better than expected in the first half and the government is confident that the city's GDP should rise more than 3.5 percent in 2017, partly helped by the growth of global economy and the positive outlook of China, the Chief Executive Carrie Lam said on Wednesday. Hong …

【2017 Policy Address】 Chief Executive Pushes IT Development ahead at full steam

  • 2017-10-11

Chief Executive Carrie Lam Cheng Yuet-ngor in her first policy address, delivered on Wednesday, pushes the development of innovation and technology in the city. The government plans to double the expenditure on Research and Development to 1.5 percent of GDP from 0.75 percent currently. Lam said the …

【Stock】Is WVR structure the right choice for HK IPO market?

  • 2017-10-09

The Hong Kong Exchanges and Clearing Ltd (HKEX) has completed the consultation of the New Board proposal, which triggered mixed responses from the market on its idea of allowing companies with a Weighted Voting Rights (WVR) structure to raise capital in Hong Kong because it will give founder shareho …

【Local】Hong Kong craves medical beauty regulations

  • 2017-04-25

Medical cosmetology has been growing fast in Hong Kong with increasing number of medical beauty companies raising funds from the stock market to expand in the past few years. However, the lack of rules and regulations in this booming sector is not just a problem of consumers but will also hamper the …

【Stock】TV star eyes Hong Kong stock market

  • 2017-04-24

The glamor of former beauty queen and TV star Erica Yuan may give her cosmetic retailing firm a boost at the beginning if the firm gets a stock listing but analysts said the celebrity effect could be short lived while the performance of its shares will mainly depend on the fundamentals of the compan …