Business & Finance

Business & Finance

【Local】Hong Kong cinemas being upgraded to lure audiences

Hong Kong’s film industry is struggling and soaring rents have more than halved the number of cinemas in the city while operators are upgrading their cinemas with high-tech equipment, such as IMAX theatre and 4K screening, and moving to residential areas on hopes to lure customers. Many cinemas aim to provide audiences better viewing experience …

Business & Finance

【Local】Struggling HK recyclers urge for more help

Hong Kong's recycling industry is seeking for more help from the government as a new licensing policy on e-waste recyclers in town and China's move to ban waste imports have put the fledging business at stake. The Mainland Chinese government will, starting from early next year, phase in more stringent requirements on the import of …

Business & Finance

【Start-up】New approach to Chinese herbal drinks

With constantly increasing attention to a balanced living lifestyle, Chinese herbal drinks are raising in Hong Kong with a modern taste. Built on the foundation of traditional Chinese medicine principles, those fusion drinking products help promote the over-2500-years cultural heritage to the youngsters through a stylish approach. CheckCheckCin and Seed Softdrinks are two recent examples that received …

Business & Finance

【Stock】Is WVR structure the right choice for HK IPO market?

The Hong Kong Exchanges and Clearing Ltd (HKEX) has completed the consultation of the New Board proposal, which triggered mixed responses from the market on its idea of allowing companies with a Weighted Voting Rights (WVR) structure to raise capital in Hong Kong because it will give founder shareholders a greater voting right. Arthur Bacci, …

Business & Finance

【Local】Hong Kong craves medical beauty regulations

Medical cosmetology has been growing fast in Hong Kong with increasing number of medical beauty companies raising funds from the stock market to expand in the past few years. However, the lack of rules and regulations in this booming sector is not just a problem of consumers but will also hamper the development of the …

Business & Finance

【Stock】TV star eyes Hong Kong stock market

The glamor of former beauty queen and TV star Erica Yuan may give her cosmetic retailing firm a boost at the beginning if the firm gets a stock listing but analysts said the celebrity effect could be short lived while the performance of its shares will mainly depend on the fundamentals of the company. Mi …

Business & Finance

【FOREX】Sliding yuan strikes foreign currency exchange stores

Foreign currency exchange stores have been suffering since Chinese yuan started to depreciate from 2015. An economic scholar said yuan depreciation indicates that the purchasing power of Chinese tourists decreases which has affected the business of local foreign exchange business. Mainlanders spend less on weak yuan Tourist numbers to Hong Kong fell 4.5 percent last year, …

Business & Finance

【E-Commerce】Chinese e-tailers turn to offline market amid slowing growth

China’s e-commerce companies have been expanding its offline sales networks by major acquisitions in recent years amid slowing growth in online sales. Analysts say, e-commerce companies need to develop their brick-and-mortar business, instead of replacing it, and contend for offline resources in the future as online and offline sales are inseparable. Already holding a 28 …

Business & Finance

【Start-up】Shadow Express: How Start-up

With the constantly increasing demand of online shopping, a small express company is targeting a niche market to tap its growth. Shadow Express, a newcomer of the market, is modifying the service of traditional door-to-door express in order to provide a competitive price and specialized service for university students, a major crowd of China online …

Business & Finance

【Local】Hong Kong on its Reindustrialization Way to Diversify Growth

The economy of Hong Kong, an international financial center, has been dominated by its services sector that accounts for more than 90 percent of the city’s gross domestic product (GDP), while the government is promoting reindustrialization on hopes to diversify its economic development. However, “Hong Kong government still focuses more on developing property industry instead of reindustrialization. They need …