City’s worst paid make HK$37.50 an hour, and Federation of Hong Kong Industries chief warns other workers could be put on unpaid leave if that goes up. ( read original story ...)
China’s Ping An Insurance boosts HSBC stake
Ping An Insurance Group Co of China Ltd , the biggest shareholder in HSBC Holdings Plc , has bought additional shares in the British bank to take its stake to 8% ... ( read original story ...)
Six new coronavirus cases expected for Hong Kong, a day after only one imported infection recorded
Hong Kong is expecting six new coronavirus infections on Sunday, with the figure from a medical source coming a day after the city recorded only one imported case. Earlier this week, Chief Executive ... ( read original story ...)
Why Hong Kong’s era as a global financial centre is far from over
While sceptics argue that Hong Kong’s stock market is overwhelmingly Chinese in character, the various stock and bond connect schemes between Hong Kong and the mainland ensure the global orientation ... ( read original story ...)
Hong Kong office rents expected to decline 30 per cent this year, as work from home becomes more common in mid to long term
Hong Kong’s office leasing market faces a new low this year, with rents declining by as much as 30 per cent, as companies assess their need for space and adopt work from home arrangements because of ... ( read original story ...)
Coronavirus: Hong Kong leader Carrie Lam declares third wave under control
Hong Kong's leader has declared the third wave of Covid-19 under control, but warned of the lingering threat from infections with unknown sources, as the city confirmed two more cases on Friday. ( read original story ...)
Hong Kong’s biggest weekend of home sales in 14 months gets off to a good start as tapering Covid – 19 outbreak boosts sentiments
The massive sales weekend followed five consecutive days of single-digit cases of confirmed Covid-19 infections in the city, as efforts to contain the disease began to pay off. On Saturday, Hong Kong ... ( read original story ...)
Hong Kong Financial Authority Taps ConsenSys for Cross-border CBDC Pilot Study
ConsenSys will be collaborating with the Hong Kong Monetary Authority (HKMA) to a cross-border payment network for HKMA’s central bank digital currency (CBDC) project Ethereum Developer ConsenSys ... ( read original story ...)
Hong Kong marks first day with no local Covid-19 cases since September 15, as city welfare chief says ‘imperfect’ wage scheme saved jobs
Secretary for Labour and Welfare Law Chi-kwong concedes relief effort won’t save every job, but ‘furloughs could be much worse’ without it. ( read original story ...)
HK financial system ‘resilient’ as city moves up in world ranking
Hong Kong has moved up a notch to fifth place in terms of comprehensive competitiveness among 111 financial centers in the world. ( read original story ...)
Bank of East Asia to sell insurance arm following portfolio review
HONG KONG: Bank of East Asia Ltd (BEA), which counts Guoco Company Management Ltd as a substantial shareholder, has decided to initiate a sale of its insurance business and is seeking a strategic ... ( read original story ...)
Hong Kong police’s new national security unit threatened charges against mother, girlfriend to extract confession, lawyers say
Lawyers for a university student charged with unlicensed possession of firearms and military equipment have accused the Hong Kong police's new national security unit of coercing their client into ... ( read original story ...)
Mainland man living in Hong Kong conned out of HK$7.13 million as fake arrest warrants added to scammer playbook
Phone scammers posing as officials from across the border are escalating their tactics, issuing fake arrest warrants to mainland Chinese victims working and studying in Hong Kong, police revealed on ... ( read original story ...)
Hong Kong’s ‘rebellious’ tycoon Jimmy Lai says his pro-democratic paper will push on despite the odds
Jimmy Lai’s future is uncertain. The media tycoon is one of Hong Kong's most prominent pro-democracy activists and one of Beijing’s most ardent critics. This, according to Lai, makes him “a logical ... ( read original story ...)