The Young Financial Post

HK public annuity helps lessen social welfare burden

  • 2018-04-26

Hong Kong plans to launch a public annuity scheme in hopes of providing a stable return with relatively low risks to the elderlies and helping lessen the government's social welfare burden of an ageing population. “The public annuity plan provides a stable return and helps the government to raise money,” said Yeung Wai Man, a …

Business & Finance

Plus-size fashion shines in Hong Kong

Plus-size clothing shops are getting popular in Hong Kong, challenging the slogan "skinny equals beautiful" and providing more fashionable options to curvy girls and women. The Body Positive Movement started in the U.S., encourages people to love their bodies no matter what shape you are. It uses social media networks to spread messages like fat bodies …

Business & Finance

Young home buyers keen on first home program

NewGen First Home Program, which aims to help young people to buy their first property with an initial down payment as low as 7.5%, has been oversubscribed by more than 80 times, showing a strong demand from Hong Kong's new generation. New World Development (0017) unveiled the program earlier this year for people aged between 25 …

【2018 Budget】HK government puts $796 million in elderly health care

  • 2018-02-28

Hong Kong Financial Secretary Paul Chan said in his 2017/18 budget speech that the government is going to spend $796 million in elderly health care, including raising the limit of accumulated Elderly Health Care Vouchers to $5,000 from $4,000 and providing an additional $1,000 worth of vouchers to eligible elderlies. Elderly Health Care Vouchers, which …

HPV vaccine approved in China GSK gears up for huge market

  • 2017-12-01

British pharmaceutical giant GlaxoSmithKline (GSK) aims to tap the Mainland China market by officially list HPV vaccine Gardasil 4 there this December, just a few months after Cervarix 2, the first vaccine for human papillomavirus (HPV) made its presence in the mainland. GSK has agreed to supply Gardasil 4 exclusively to Chongqing Zhifei Biological Products …

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 …

【Start-up】Investors raise the bar on Silicon Valley startups

  • 2017-10-24

Seed-stage funding in Silicon Valley has been declining in the last two years from its peak in mid-2015 as investors tightened their purse strings until they find start-ups that can show earnings potentials with proven marketable products. About 900 early-stage investment deals were completed in the second quarter of 2017, down 18% from the same …

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, …