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August, 30, 2016

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Business > Asia > Hong Kong
Li Ka-shing's Power Assets Holdings Ltd. (0006.HK) expects to list its Hong Kong electricity business next month, providing the group with a cash injection of up to US$5.7 billion for overseas takeovers.
 
I've lived in New York, Boston and Houston. For the past five years, Hong Kong has been my home. All are great cities but when it comes to public transportation, Hong Kong wins the prize hands down. In fact, we've been spoiled here in Hong Kong with MTR trains that are fast, clean and frequent. I normally don't have to wait more than three minutes for the next train.
 
Hong Kong luxury home buyers line up amid talk of last hurrah
In a shopping mall in one of Hong Kong's prime retail districts, more than 100 people wait patiently to take a lift to the sales floors -- not to buy luxury bags or clothes, but high-end apartments with price tags of up to US$4.4 million.
 
Some 300,000 people joined Asia's millionaire ranks last year, according to a world wealth report released Wednesday, which also found that the region slipped behind a rebounding North America.
 
Bubble trouble hits Hong Kong jade market
Prized as a magical imperial stone, jade is a status symbol of the super rich in Asia, but rocketing prices in the top-end of the market have left traders in Hong Kong struggling to find buyers.
 
A former Hong Kong minister was Thursday given an eight-month suspended prison sentence for fraud over his housing allowance, in a case which puts the city's clean image under scrutiny.
 
Standard Chartered on Tuesday said its first-half net profit fell 24 percent, with some of its businesses in emerging Asian markets seeing slower growth.
 
Hong Kong billionaire Li Ka-shing is buying a Dutch waste and renewable energy company for 943.7 million euros (US$1.3 billion).
 
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