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Hong Kong

Hong Kong IPO values surge in May on SOE listings

Hong Kong IPO values surge in May on SOE listings

A marked improvement in the health of Hong Kong's listing market last month saw deal volumes post a big rise, mainly due to the float of two state-owned enterprises which raised almost US$3 billion

Monday, 3 June, 2013, 3:32am

Liberty Reserve tied to Hong Kong, China

An address in Happy Valley cited for Hong Kong firm Extension Asia.

A Hong Kong company, Extension Asia, deposited part of Liberty Reserve's "ill-gotten" funds now demanded by the US authorities at the Hong Kong branch of Bank of Communications, one of China's biggest banks, and a bank in Shenzhen, alleges a US court indictment filed by US prosecutors.

1 Jun 2013 - 4:19am

From Hong Kong to Canada and back: the migrants who came home from home

(Clockwise from top) Margaret Chan Fung Fu-chun, Victor Li, Sonija Kwok, Marco Fu, Richard Li, Cheng Yu-tung, Charlene Choi, Carat Cheung and Leslie Cheung.

For Hongkongers who migrated to the North American country and returned upwardly mobile, a sense of place is a thing of the past.

28 May 2013 - 11:43am 4 comments

Racist Hong Kong is still a fact

Equal chance

Recently, there has been much media coverage over the results of the global World Values Survey, which seemed to indicate that seven out of 10 Hongkongers do not wish to live next to someone of a different race. For a few days, it appeared that Hong Kong was the most racially intolerant of all the places surveyed.

25 May 2013 - 5:27am 35 comments

Hong Kong not so racist after all as survey errors revealed

Hongkongers are still less tolerant on race than China and Japan, according to the survey. Photo: Edward Wong

Relax - Hong Kong may not be as racist as suggested by the world map on racial tolerance published in The Washington Post last week. While the results are less startling, they are still high by comparison with much of the world, alongside Malaysia, the Philippines and France. China and Japan are still marginally more tolerant, while India and Yemen are also high on the list.

22 May 2013 - 10:31am 9 comments

Survey exposes racism's shameful face

Photo: Martin Chan

Are we among the most racist people in the world? I am afraid so, if a global study called the World Values Survey is anything to go by.

20 May 2013 - 1:51am 11 comments

Guangdong coastal water quality is declining, with worst areas around Hong Kong

Sixteen red tides, like this one in Shenzhen, were recorded in Guangdong last year. Photo: SCMP Pictures

Pollution in Guangdong's coastal waters continued to worsen last year, mainly in the Pearl River Delta, which affected offshore water quality in Hong Kong.

16 May 2013 - 4:33am

Hong Kong in line for surge in illicit fund inflows

At a meeting in Brussels yesterday, the European Commission agreed to start negotiations with Switzerland, Liechtenstein, Monaco, Andorra and San Marino to share more tax information with the EU. Photo: Bloomberg

Hong Kong may see a surge in illicit money inflows in the wake of twin moves by the European Union and Singapore to crack down on tax evasion. The EU's initiative to capture taxes on an estimated €1 trillion (HK$10 trillion) avoided each year and Singapore's separate move to avoid being caught like Switzerland in a row over international tax disclosure are likely to push money towards more opaque locations.

15 May 2013 - 5:45am

Offshore tax havens like Hong Kong contribute to poverty, says ActionAid

Chancellor George Osborne says fighting tax avoidance is priority.

The widespread use of offshore tax havens such as Hong Kong by nearly all 100 of the largest British-listed companies, including HSBC and Standard Chartered, may contribute to world poverty and raise the risk of tax evasion, says British charity ActionAid.

14 May 2013 - 4:26am 2 comments

Hong Kong investors uninterested in BRICS cross index futures

Brazil's Ibovespa futures are not a hit in Hong Kong. Photo: AFP

With many investors interested in emerging markets, it sounded like a great idea when the BRICS Exchanges Alliance was formed 19 months ago.

But it now appears the alliance has been a flop. It has achieved little and its grand idea of cross-border trading of futures contracts across exchanges has fizzled.

14 May 2013 - 3:32am

Pollsters in Hong Kong must deal with credibility gap

Shawn Mui Pak-ho mans the phones for the HKU's public opinion programme. Photo: May Tse

Public opinion surveys are widely cited in city, but many doubt they give a fair picture in light of outdated methods and political polarisation.

11 May 2013 - 5:42am

Google map shows 29 years of change

Hong Kong in 1995 as shown by Google's time-lapse world map. More than two million images were examined. Photo: SCMP

Ever wondered how much Hong Kong has changed since 1984? Google has teamed up with Time magazine, Nasa and the US Geological Survey to create time-lapse videos from satellite images of what's happened to the earth over the past 29 years.

11 May 2013 - 5:34am 1 comment

Outside Hong Kong's malls, its hills beckon

Lion Rock Hill is seen at the background. Photo: Felix Wong

I stood on the top of the Lion Rock hill speechless. Here was another Hong Kong, a side of the city I had never before seen in my six years here. About 1,700 feet above sea level was an eagle's view of the residential complexes sandwiched between Kowloon Tong and Tai Wai.

10 May 2013 - 4:42am 3 comments

Building on EU-Hong Kong ties for peace

Photo: Sam Tsang

Today is Europe Day, the anniversary of the declaration by Robert Schuman, the former foreign minister of France, which is seen as the symbolic start of the integration of the formerly divided and war-torn European continent.

9 May 2013 - 4:45am

Asian economies are looking up

Asian economies are looking up. Photo: Sam Tsang

The global economy shows signs of improving as major tail risks emanating from Europe and the US recede. This also brightens the prospects for Asia.

8 May 2013 - 3:19am