There are at least 56,000 Hongkongers who have liquid assets of HK$10 million or more, according to a survey from Citibank and the University of Hong Kong’s Social Sciences Research Centre. The multimillionaires are 58 years...

Hong Kong’s Financial Secretary John Tsang has offered a package of sweeteners, including tax rebates, as he unveiled on Wednesday the budget for the coming fiscal year. In doing so, he has continued the past practice...

Hong Kong’s longstanding strategy of relying on low-cost foreign domestic helpers to meet the needs of the city’s wealthier residents may need to be revisited soon as the economies of southeast Asian nations are improving, encouraging...

The Year of the Horse has been far from normal, and various weird things happened at home and abroad. (1) The biggest surprise is that President Xi Jinping has been so serious in his fight against...

The English Premier League has secured a 5.14 billion pound (US$7.84 billion) deal for the rights to telecast its matches in the next three years. It is the most expensive sports rights deal ever, at almost...

Legendary stock investor Peter Lynch once proclaimed famously: “Whatever the queen is selling, buy it”. The remarks, which refer to opportunities in recently privatized businesses, send the message that state enterprises are usually very inefficient and...

In an ideal world, all are equal. However, in the economic world, realities are cruel just as in the Animal Farm. Everyone has a different economic value. A billionaire immigrant could bring in 10 times more...

China’s A-shares market has been the top performer in the region in 2014. The Shanghai Composite Index surged 53 percent over the year, with a whopping gain of 37 percent in the last quarter alone. However,...

Hong Kong may face less land supply for residential property as more developers snap up old apartment buildings and transform them into commercial property. Henderson Land Development (00012.HK), a leading local property developer, has recently spent...