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Month: August 2021

Posted on 31/08/2021

Expect failures amongst Hong Kong’s virtual-only banks: S&P

Digital lenders are currently at a loss-making and some may fold over the next few years. Hong Kong’s virtual-only banks are set for losses for at least the next two years and several internet-based ... ( read original story ...)

Posted on 31/08/2021

Hong Kong customs racking up record drug busts as global trafficking syndicates switch tactics during pandemic

The successful drug busts have been attributed to increased cooperation by global law enforcement agencies in tracking drug shipments hidden in air and sea cargo. ( read original story ...)

Posted on 31/08/2021

Helens serves up Hong Kong listing

Bar chain kicks off IPO with an eye on future expansion, but comes amid growing scrutiny of drinking culture in China ... ( read original story ...)

Posted on 31/08/2021

Hong Kong’s Strict Quarantine Rules Threaten to Erodes Allure of Financial Hub

Hong Kong's government is facing growing pressure from business lobby groups to open borders or risk losing executives and investment as it shows no sign of easing one of the world's strictest ... ( read original story ...)

Posted on 31/08/2021

Gay Games in Hong Kong face attacks as China’s proxies target LGBT groups

When Hong Kong was announced in 2017 as host of the 11th Gay Gamesnext year, the first time the event would be held in Asia, it was a nod to the city's status as a cosmopolitan place and a relative ... ( read original story ...)

Posted on 31/08/2021

Hong Kong stocks fall as China’s services activity contracted, adding to slowdown concerns

Hong Kong and mainland stocks fall in early trading as China’s services activity contracted for the first time since February last year. ( read original story ...)

Posted on 31/08/2021

Citigroup Moves Closer to Full Office Capacity in Hong Kong

Citigroup Inc. plans to raise the capacity in its Hong Kong office to the highest level since the pandemic began, joining other global banks in ratcheting up a back-to-office push in the Asian ... ( read original story ...)

Posted on 31/08/2021

Hong Kong dismisses business pushback over ‘zero-Covid’ strategy

Hong Kong's leader doubled down on her zero-Covid strategy on Tuesday, brushing off growing pushback from the business community over the city's indefinite international isolation. ( read original story ...)

Posted on 31/08/2021

Hong Kong’s growing exodus impacts schools and hospitals

The outflow of residents has become a serious problem for Hong Kong. The region's population, which had grown almost nonstop since the 1960s, began to dip in 2020. After a national security law was ... ( read original story ...)

Posted on 31/08/2021

HK food tech startup bags HK$10m funding, names Miss HK 2020 as chief brand officer

The brand which reached its popularity through reviews from influencers and celebrities, has also gotten a seven digit sum investment from Miss Hong Kong 2020, Lisa-Marie Tse. ( read original story ...)

Posted on 31/08/2021

Hong Kong’s office vacancy at two-decade highs creates optimal window for companies to set long-term strategies

The near-record excess supply in Grade A office space means there is no better time for Hong Kong corporates to lock in their long-term office strategies. ( read original story ...)

Posted on 31/08/2021

Hong Kong diamond heist: the day safe crackers stole gems worth millions of dollars from a room used by the Israeli consulate

Safe crackers stole a large haul of diamonds from an office used by the Israeli consulate in Central Hong Kong in August 1971. A large reward was offered, but the gems were never recovered. ( read original story ...)

Posted on 31/08/2021

Hong Kong, Shanghai agree to expand cooperation in 13 areas

HONG KONG - Hong Kong and Shanghai agreed Monday to expand cooperation in various areas from Belt and Road Initiative to cultural and creative industries. The two places reached a consensus online to ... ( read original story ...)

Posted on 31/08/2021

UTMB: Hong Kong’s Wong Ho-chung battles from 84th to 11th despite loss of vision

Top trail runner from Hong Kong, Wong Ho-chung, finishes 11th at UTMB and talks about losing part of his sight during the race in the French Alps. ( read original story ...)

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