Britain says it is partnering with Hong Kong to develop London as an international trading center for China’s currency. British Finance Minister George Osborne told a a meeting of Asian finance officials and executives in Hong Kong Monday the joint venture is designed to establish London as a “new hub” for the yuan. “It reflects […]
Britain, Hong Kong to Develop London as Yuan Trading Hub
Posted January 16th, 2012 at 4:40 am (UTC-5)
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Hong Kong Tops Survey of Financial System Strength
Posted December 14th, 2011 at 5:15 am (UTC-5)
Hong Kong has become the first Asian financial center to top an annual survey of the world’s most developed financial systems. The World Economic Forum released its annual report on Tuesday. The report says Hong Kong’s rank was bolstered by strong scores in the non-banking financial services such as initial public offerings and insurance. It […]
Hong Kong Tops Survey of Financial System Strength
Posted December 14th, 2011 at 1:55 am (UTC-5)
Hong Kong has become the first Asian country to top an annual survey of the world’s most developed financial systems. The World Economic Forum released its annual report on Tuesday. The report says Hong Kong’s rank was bolstered by strong scores in the non-banking financial services such as initial public offerings and insurance. It is […]
HK Pro-Democracy Parties to Review Strategy After Election Defeats
Posted November 7th, 2011 at 5:30 pm (UTC-5)
Hong Kong pro-democracy politicians say they will review their future election strategies after their pro-Beijing rivals scored big wins in Sunday’s municipal elections in the Chinese special administrative region. Radio Television Hong Kong said Monday pro-Beijing and pro-establishment candidates won 43 percent of the 412 district council seats open for election, increasing their share of […]
Pro-Beijing Parties Trounce Democrats in Hong Kong Elections
Posted November 7th, 2011 at 3:00 am (UTC-5)
Election officials in Hong Kong say pro-Beijing parties have dramatically out-polled their pro-democracy opponents in regional elections in the former British colony. Officials announced preliminary results from the elections Monday, saying the pro-Beijing parties had taken 146 seats in the elections for 18 district councils. That compares to just 54 seats for the Democratic Party, […]
Hong Kong Revives Cross-Harbor Swim After 33 Years
Posted October 16th, 2011 at 3:35 am (UTC-5)
Hong Kong held its historic cross-harbor race Sunday, ending a 33-year suspension forced by pollution in the famous port. About 1,000 swimmers took part in the 1.8 kilometer contest, dashing from Hong Kong island to the Kowloon peninsula. The annual contest was first held in 1906, when Hong Kong was still a British colony. It […]
Report: Grandson of N. Korean Leader Denied Hong Kong Study Visa
Posted October 6th, 2011 at 12:30 pm (UTC-5)
A leading Hong Kong newspaper says the grandson of North Korean leader Kim Jong IL has been denied a visa to study in the city. The English-language South China Morning Post said 16-year-old Kim Han-sol had been accepted by the international United World College in Hong Kong, but that his visa bid was rejected by […]
Hong Kong Regulators Fine Citigroup
Posted October 3rd, 2011 at 10:05 am (UTC-5)
Hong Kong regulators have fined Citigroup $770,000 for failing to promptly report a Ponzi scheme run by an employee under “the nose” of company officials. The Securities and Futures Commission said a former licensed representative of the bank was responsible for a fraudulent scheme involving 13 clients. The employee was fired, and the company says […]
Man Who Benefited From Bank Error Arrested in Hong Kong
Posted September 30th, 2011 at 12:40 pm (UTC-5)
Hong Kong police have arrested a New Zealand man who fled the country after a bank mistakenly put millions of dollars into his account two years ago. Police say Hui Gao was stopped as he tried to cross into Hong Kong from China. He appeared in a Hong Kong court Friday and was ordered held […]
Maids Win Right to Apply for Hong Kong Residency
Posted September 30th, 2011 at 11:40 am (UTC-5)
Hong Kong’s High Court has ruled that an immigration law banning foreign maids from permanent residency is unconstitutional — a landmark decision that could pave the way for many applications from domestic helpers. The court found Friday that employment and immigration law discriminates against Hong Kong’s nearly 300,000 mostly Indonesian and Filipino maids. All other […]
