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  • April 18, 2014
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  1. News - Business - FINANCIAL MARKETS

    Hong Kong Mercantile Exchange closes its doors

    Posted May 19th 2013, 12:00am by NICK EDWARDS

    ... Commodities exchange shuts its doors The Hong Kong Mercantile Exchange will go ahead with a planned US$100 million rights issue and be ready within months to reapply for the trading licence it handed ... almost two years ago to the day on May 18, 2011. In contrast, the London Metal Exchange, owned by Hong Kong Exchanges and Clearing, saw record volume in April of 14.5 million lots traded. ...

  2. Hong Kong police step up patrols

    Posted Nov 21st 2003, 12:00am by Ella Lee, Stella Lee

    ... Stella Lee Hong Kong police have stepped up patrols around the British consulate and the headquarters of HSBC following the blasts in Istanbul. Secretary for Security Ambrose Lee Siu-kwong ... It is understood that the Hong Kong police stepped up patrols around the British consulate in Admiralty and the headquarters of HSBC in Central immediately after the bombings. A police spokeswoman said ...

  3. News - Hong Kong - AGEING POPULATION

    Hong Kong faces same tough tax choices as Singapore, academic says

    Posted Aug 28th 2012, 12:00am by Olga Wong

    ... Olga Wong and Bloomberg Academic says shrinking labour force means either productivity or taxation must increase HK faces 'same tough tax choices as Singapore' Hong Kong faces ... at the University of Hong Kong, said this was the likely scenario if the government did not invest in education and occupational training to boost productivity. "We have a shrinking labour force ...

  4. News - Hong Kong - FINANCE

    Rise in reports of dirty money causes alarm

    Posted Feb 17th 2013, 12:00am by Niall Fraser, Enoch Yiu

    ... bodies like the Hong Kong Monetary Authority were "stuffed full" of ex-law enforcers. The most popular targets for private sector head hunters are the police commercial crime bureau, ... and money laundering compliance units at many banks and other financial institutions in Hong Kong you'll find a large number of former police officers." Jerry Chang, managing director ...

  5. Market forces

    Posted Sep 19th 2011, 12:00am

    ... In this era of prohibitive rentals, few small businesses can survive the frenzied cycles of rent increases. Hong Kong may have low taxes, but they are more than counterbalanced by high rents. ... If the Hong Kong dream is to be revived, it must begin with making self-employment and small businesses viable, or there will never be another Li Ka-shing in a city that was once a land ...

  6. Business - Banking & Finance - TRADING

    Hong Kong Mercantile Exchange fails amid dearth of gold futures trading

    Posted May 20th 2013, 12:00am by Eric Ng, Enoch Yiu

    ... Eric Ng and Enoch Yiu Market players say Hong Kong Mercantile Exchange unable to compete with more established rivals, with trading in its gold futures very thin HKMEx closure brings no surprise The Hong Kong Mercantile Exchange's failure to come up with a viable gold futures business proved to be its undoing as it wilted under competition from more established domestic ...

  7. Lifestyle - Technology - BUSINESS CROWDFUNDING

    With Hong Kong's FringeBacker, achieving big dreams just a click away

    Posted May 07th 2013, 12:00am by Kylie Knott

    ... Kylie Knott kylie.knott@scmp.com A Hong Kong-based crowdfunding website is helping creatives worldwide turn their ideas into reality, writes Kylie Knott Fringe benefits Syrus Kwan Siu-fung ... Churdy stretches out on the chaise longue-like Hong Kong Convention and Exhibition Centre. "That's Kristy at the HSBC building," says Kwan, 27. "I love to draw that building, ...

  8. Monetary Authority and SFC have passed the buck to Hong Kong's banks

    Posted Sep 06th 2011, 12:00am

    ... and the industry is not 'happy'. The minibonds saga exposed deficiencies in Hong Kong's regulatory structure, and therefore offered a great opportunity for the system to be overhauled ... client reliably know the inherent risk to capital of the financial products being offered. It is fundamental that the decision to buy or not must be for the client [to make]. The Hong Kong ...

  9. Hang Seng Bank forcing us out of our jobs, say Pakistani guards

    Posted Dec 13th 2009, 12:00am by John Carney

    ... in Hong Kong and we are very scared for our future,' he said. 'I was given no alternative but to take the compensation package or face getting nothing. I have a wife and two children, ... John Carney Pakistani security guards with Hang Seng Bank have claimed that the company is forcing them out of their jobs by making them take compensation packages. First established ...

  10. Hong Kong Open to lose sponsor UBS

    Posted Jul 22nd 2011, 12:00am

    ... Alvin Sallay alvin.sallay@scmp.com A 'strategic shift' into the high-octane world of Formula One has resulted in UBS severing ties with the Hong Kong Open after this year's tournament in December. A seven-year relationship between UBS and Hong Kong's oldest professional sporting event will come to an end on December 4, the final day of the 53rd Open, with the Swiss ...




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