Hong Kong is a vital link that the world can rely on for security and development under the shifting geopolitical landscape as it connects the globe with China’s growth certainty and investible stability, the city leader has said.
A proposal to tighten regulations over Hong Kong’s notorious loan sharks is too narrowly focused and will not tackle the root problem of unruly debt collectors, according to lawmakers and legal experts.
Ashley Westwood is a stickler for detail, so it was probably no accident that he exaggerated Hong Kong’s underdog status on the eve of their first East Asian Football Championship match on Tuesday.
When his health supplement business struggled with cash-flow problems, Bobby Tan* turned to a so-called professional networking group in Hong Kong for help, borrowing HK$300,000 (US$38,220) from a licensed small lender in April last year.
HSBC, Manulife and BOC Life are among the financial firms courting retirees with new investment products that offer regular income streams amid a broader government-led initiative to capture opportunities in the so-called silver economy.
Hong Kong’s retail industry will experience mixed fortunes in coming months, as rising unemployment threatens to dent consumer spending even as the economy and household incomes improve and tourist numbers surge, according to CBRE.