28 January 2020

Vey Wong

Freelance journalist
  • Privacy Commissioner Allan Chiang (second from left) says certain aspects of social media are difficult to regulate because of concerns over free speech. Photo: HKEJ

    Online privacy complaints soaring

    - Jan 28, 2015 12:16pm
    Complaints about internet-related privacy abuse have more than doubled in the past year, the Office of the Privacy Commissioner for Personal Data said. The increase prompted authorities to warn netizens to ensure they use secure channels when...
  • Taobao says the government sampling size was too small to support the conclusion that 62.75 percent of goods sold on Taobao are fake. Photo: Bloomberg

    Taobao refutes fake goods claim by China watchdog

    - Jan 28, 2015 11:32am, the e-commerce platform of Alibaba Group Holding Ltd., is denying its online store is flooded with fake goods. It used a social media post by a vendor to question the sampling size used by China’s industry...
  • Stanley Lau wants clearer specifications from the Qianhai authority of the types of industries it is seeking. Photo: HKEJ

    Clearer guidelines urged for Qianhai to attract Hong Kong firms

    - Jan 28, 2015 11:10am
    Federation of Hong Kong Industries chairman Stanley Lau Chin-ho has urged the management authority of Shenzhen’s Qianhai special economic zone to specify the types of industries that it is seeking. The vague definition of the high-end service industries...
  • Christopher Cheung says simply being allowed to recruit clients in China would be a big incentive for Hong Kong brokers. Photo: HKEJ

    Lawmaker seeks mutual recognition status for HK brokers

    - Jan 27, 2015 11:27am
    Chinese authorities are being urged to give Hong Kong brokers mutual recognition status that would allow them to conduct business in the Qianhai special economic zone, the Hong Kong Economic Journal reported Tuesday. Lawmaker Christopher Cheung...
  • Interest rate changes will only be mild this year, which will help the property market stay firm, says Thomas Wu of Hopewell Holdings. Photo: HKEJ

    Hopewell expects HK property market to remain stable

    - Jan 27, 2015 11:16am
    Hong Kong’s property market will remain stable this year as a potential rise in interest rates will only be mild, said Thomas Jefferson Wu, managing director of Hopewell Holdings Ltd. (00054.HK). The increase in the US Fed...
  • Laura Cha says the government is prepared to import talent when needed. Photo: HKEJ

    Local talent slipping in competitiveness

    - Jan 27, 2015 10:34am
    The competitiveness of local talent in language proficiency and other qualities is weakening, a study by the Financial Services Development Council has found. This is happening while mainlanders make up more than one in five of the employees...
  • Regina Ip urged the government to genuinely try to engage with youths who don't understand it is possible to have one country and two systems. Photo: HKEJ

    Forget about independence for Hong Kong, says Regina Ip

    - Jan 26, 2015 11:05am
    Hong Kong does not have the prerequisites to become independent, and the government should genuinely seek direct talks with youths who persist in such wishful thinking, lawmaker Regina Ip Lau Suk-yee said. Most people understand the city does...
  • Non-gaming businesses represent the new battlefront for Macau's casino operators, says Galaxy Entertainment's Francis Lui. Photo: HKEJ

    Macau casinos to focus more on non-gaming biz: Galaxy

    - Jan 26, 2015 9:45am
    Macau’s gaming industry is expected to move into a new era in which casino operators will focus more on the non-gambling segments of their businesses, according to a leading player. The fight will be no longer about...
  • Stock Connect is affecting renminbi liquidity in Hong Kong, raising the prospect of a rise in interest rates for the Chinese currency offshore, says StanChart's Woody Chan. Photo: HKEJ

    RMB liquidity seen under stress in HK amid Stock Connect

    - Jan 26, 2015 9:07am
    The Shanghai-Hong Kong Stock Connect has caused a dent of about seven percent in Hong Kong’s renminbi deposits, sparking concerns about the local liquidity situation for the Chinese currency, according to Standard Chartered Bank (Hong Kong) Ltd....
  • Other MPF providers may find it necessary to follow the market leaders in cutting their fees. Photo: HKEJ

    HSBC, Hang Seng lead MPF providers in cutting fees

    - Jan 23, 2015 11:24am
    More than a million members of the Mandatory Provident Fund scheme may benefit as the market leaders among the fund providers cut their management fees, the Hong Kong Economic Journal reported Friday. The Hongkong and Shanghai Banking Corp., the Asia flagship...
  • Nicholas Yeo says companies that undertake restructuring to produce quality growth will benefit the most from the positive business environment  Photo: HKEJ

    Asset managers positive on China stocks

    - Jan 23, 2015 10:55am
    Asset managers are upbeat about China’s stock market, with corporate profits getting a boost from falling oil prices, the Hong Kong Economic Journal reported Friday. Nicholas Yeo, a director at Aberdeen Asset Management and head of China/Hong...
  • Apartment rents rose for six straight months at major housing estates in Hong Kong last year, according to a local property brokerage. Photo: HKEJ

    Hong Kong home rents hit new highs

    - Jan 23, 2015 10:48am
    Hong Kong residential property rents have charted new records six months in a row, leading to an accumulative 9.9 percent rise in 2014, according to a report. The average rents at 50 major housing estates have...
  • Galaxy Securities chairman Chen Youan has signaled his bullishness about the prospects for margin trading business. Photo: HKEJ

    Galaxy Securities to put more resources into margin trading biz

    - Jan 22, 2015 10:23am
    China Galaxy Securities Co. Ltd. (06881.HK) plans to use about half of the proceeds it will raise from a private placement of 200,000 new H-shares to boost its margin trading and short-selling businesses. The move comes even as...
  • As Hong Kong's sole stock market operator, HKEx is vulnerable in the event of a market collapse, according to proponents of a resolution regime.  Photo: HKEJ

    Bankruptcy contingency plan to cover HKEx

    - Jan 22, 2015 10:23am
    Hong Kong Exchanges and Clearing Ltd. (HKEx) (00388.HK) will be covered by a resolution regime aimed at ensuring financial stability during an economic crisis. The unprecedented inclusion of HKEx in such a scheme is being proposed because...
  • The main house on the site was demolished by Robert Hotung's granddaughter. Photo: HKEJ

    Ho Tung Gardens sold to developer for HK$5.1 bln

    - Jan 22, 2015 10:20am
    Ho Tung Gardens has been sold for a record HK$5.1 billion, the Hong Kong Economic Journal reported Thursday. The property was the site of a historic villa on the Peak built by the businessman Robert Hotung, once considered...
  • The campus plan is up for public consultation. Photo: Ta Kung Pao

    Chicago Booth School of Business unveils Hong Kong campus plan

    - Jan 21, 2015 11:07am
    The University of Chicago Booth School of Business has unveiled the design for its HK$380 million Hong Kong campus in Mount Davis. The new campus is expected to change the skyline of Hong Kong Island’s westernmost hill, a former...
  • BOC International's Lu Ying expects the Shenzhen-Hong Kong Stock Connect to be launched in the second half. Photo: HKEJ

    BOCI plans to boost staff amid heightened investor appetite

    - Jan 21, 2015 10:59am
    BOC International Holdings Ltd., a subsidiary of The Bank of China Ltd. (03988.HK), plans to double its research staff this year to 60, the Hong Kong Economic Journal reported Wednesday.  The brokerage is also hiring an additional 20...
  • Monetary Authority chief executive Norman Chan  said the prospects of renminbi business in the city look promising. Photo: HKEJ

    Hong Kong renminbi savings top 1 trillion yuan

    - Jan 21, 2015 9:45am
    Renminbi deposits in the city have reached more than 1 trillion yuan (US$160.9 billion) at the end of 2014 following the lifting of the daily conversion limit and the launch of the stock through-train, the Hong Kong...
  • Lau Ka-shi expects the average cost of the new core funds to be high initially. Photo: HKEJ

    MPF core funds expected to be costly at first

    - Jan 20, 2015 9:43am
    Not much room is expected for MPF providers to lower their overall fees in the first year after the proposed launch of core funds, the Hong Kong Economic Journal reported Tuesday. Bank Consortium Trust Co. Ltd. managing director...
  • Investors in residential property can no longer rely on rental income to cover as much of their mortgage payments as in the past. Photo: HKEJ

    Monetary Authority tightens mortgage rules

    - Jan 20, 2015 9:42am
    The Hong Kong Monetary Authority has tightened mortgage lending rules, the Hong Kong Economic Journal reported Tuesday.  It has lowered the maximum portion of rental income landlords can take into account when calculating the loan-to-value ratio and debt-servicing...