Hong Kong

Old Shanghai legacy guardian to be remembered for her writing

Cheng Naishan pictured in 2007. Photo: Courtesy of He Zhaoya

Cheng Naishan, widely considered an icon of Shanghai literature who enjoyed close personal ties with Hong Kong, died on Monday morning in hospital after a long battle with leukaemia.

Monday, 22 April, 2013, 10:12pm

Amex can make a difference if it takes complaints seriously

Amex can make a difference if it takes complaints seriously

It's no secret that many well-paid bankers are fans of American Express credit cards, which to some have an aura of exclusivity - Visa or MasterCard being considered too common.

22 Apr 2013 - 6:50am 2 comments

US banker proud to become Chinese national

Some in Hong Kong’s financial community were surprised by an e-mail from one of the most veteran investment bankers in the city on Tuesday night. Marshall Nicholson, a managing director in charge of investment banking in Hong Kong for China International Capital Corporation (CICC) told his colleagues and friends that he had officially renounced his United States citizenship and would soon receive a HKSAR passport.

29 Aug 2013 - 4:13am

When it comes to the gold price war, bullish Chinese consumers can't wait to buy

Customers select gold products in a gold shop in Suzhou, east China's Jiangsu Province. Photo: Xinhua

While people in the United States and Europe are selling gold in panic, apparently it’s a very different story in the east.

16 Apr 2013 - 2:25pm 1 comment

Luxury homes to see slower rent growth

Expatriates have seen their housing allowances cut because of the global slump, leading to a decline in demand for luxury homes. Photo: AFP

Rents for luxury homes in Hong Kong may rise just 2 per cent this year, but those for mass-market flats could jump as much as 10 per cent, Jones Lang LaSalle said.

The property consultancy found rents for luxury homes continued to drop in the first quarter as a sluggish global economy dampened demand.

16 Apr 2013 - 5:24am

Cheap eats help offset Hong Kong's outrageous office rents

A 16 ounce cup of Starbucks coffee cost US$3.87 in Hong Kong, 10 per cent cheaper than the US$4.30 price tag in New York.

Hong Kong has always been considered a pricey place to live, but in fact the city can sometimes be quite inexpensive. It all depends upon what you are talking about buying.

16 Apr 2013 - 5:24am

Six Hong Kong cricketers to benefit from overseas stints

Jamie Atkinson

Six players will spend the next couple of months overseas as Hong Kong fine-tune preparations for the world qualifiers in November when six tickets are available to associate countries for the ICC World Twenty20 in Bangladesh next year.

16 Apr 2013 - 5:04am

Hong Kong has lost its spirit of entrepreneurism

Hong Kong has lost its spirit of entrepreneurism

Hong Kong was built on entrepreneurism. Its free economy, first-rate infrastructure, low tax rates and legal system are the ideal support for someone with a bright idea wanting to start a business. Our wealthiest citizens, among the richest people in the world, got to where they are because of the opportunities our city and China provided.

15 Apr 2013 - 2:31am 6 comments

A tale of two cities reveals the art of ambition and confidence

Steven Murphy, Christie's CEO. Photo: Dickson Lee

Many readers of my column know I am a native of Shanghai and have been working and living in Hong Kong since 2008. The column is called Mr. Shangkong, which combines Shanghai and Hong Kong into one word.

Given my background, I am often asked by friends in either city more or less the same question: "Which city is better?" Well, I have to say I can't offer a simple answer.

15 Apr 2013 - 6:55am 6 comments

Grabbing a cab can put you on a road to ruin

'Discount taxis' may operate on the wrong side of the law, but they offer their customers a significant saving over cabbies that charge on the meter. Photo: AFP

Hong Kong may have one of the cheapest transport systems of any major, developed-world metropolis, but the temptation of another quick cab ride always beckons - and, added up, it can eat away at your bank account.

15 Apr 2013 - 3:11am 1 comment

Does Hong Kong need electoral system reform?

The best fit

The problems confronting Hong Kong today are complicated. The working class demand better welfare, in particular housing and working conditions. The upper class argue that the British colonial laissez-faire policy should be kept.

13 Apr 2013 - 3:21am 2 comments

Softening market in Europe clouds industry prospects

Hactl's terminal at Chek Lap Kok. The firm handled 246,912 tonnes of cargo last month, 2.6 per cent less than a year ago. Photo: David Wong

Hong Kong Air Cargo Terminals Ltd saw a 2.6 per cent dip in tonnage last month, ending a growth streak that started in June last year. The firm moved 246,912 tonnes of cargo, compared with 253,632 tonnes in March last year. For the first quarter, it still saw growth of 1.7 per cent.

11 Apr 2013 - 3:15am

Appetite fades for corporate purchases

Sinking confidence

The appetite for acquisitions among Hong Kong businesspeople has dropped to the lowest level in six years, battered by renewed worries about the euro-zone's debt problems, accounting firm Grant Thornton said yesterday.

10 Apr 2013 - 3:57am

Chongqing showing Hong Kong it's back in business after Bo scandal

Huang Qifan

Chongqing mayor Huang Qifan will lead a large business delegation to Hong Kong early next week to attract new investment as the mainland city seeks to rebound from the scandal-tainted era of its former party boss Bo Xilai.

10 Apr 2013 - 5:50am

Poll reveals widening income gap in Hong Kong

The poll also found that the poor tended to lag behind in terms of technological know-how and even self-confidence. Photo: AFP

Hong Kong's poorest 20 per cent take up just 6 per cent of society's income share while the rich take up 43 per cent, a poll has found as the city's notoriously wide income gap continues to worsen.

10 Apr 2013 - 7:40am