Hong Kong will outlaw cannabidiol (CBD) by February, the government announced Thursday, placing it in the same category as heroin, cocaine and methamphetamine with users facing hefty jail time. ( read original story ...)
Hong Kong stocks hit 13-year low as Alibaba, Tencent pressure index near 16,000-mark, yuan slumps on China growth worries, Fed rate outlook
The Hang Seng Index hits the lowest level since April 2009 as steep losses in Alibaba and tech peers put the 16,000 mark under pressure. The offshore yuan weakens to 2010-low against the US dollar. ( read original story ...)
Why selling HSBC Canada, the country’s most lucrative bank deal in decades, is unusually challenging
Highly coveted banks tend to sell for 1.5 times to 2 times their book value, yet the timing of this deal and uncertainty over federal competition concerns could impact how much a bidder is willing to ... ( read original story ...)
Russian oligarch’s luxury yacht departs Hong Kong port
A luxury yacht belonging to sanctioned Russian oligarch Alexey Mordashov departed Hong Kong waters on Thursday heading for the South African port of Cape Town, according to private tracking site ... ( read original story ...)
Chinese diplomat says pulling hair of Hong Kong protester was his ‘duty’
A Chinese diplomat who was filmed pulling the hair of a Hong Kong pro-democracy protester on the grounds of his consulate in Manchester, England, has defended his actions -- saying it was his "duty" ... ( read original story ...)
UK asset manager Abrdn stresses importance of Hong Kong and Greater Bay Area for accessing China’s vast market
The Greater Bay Area will serve as a launch pad for clients seeking access to the China market, and Hong Kong will always be important, says Abrdn’s Rene Buehlmann. ( read original story ...)
Hong Kong officials admit for the first time failure to boost public housing supply in short term, but vow enough homes in coming decade
Deputy Financial Secretary Michael Wong says this was why 'light public housing' scheme raised in city leader's policy address a day earlier Finance chief Paul Chan however reassures public that land ... ( read original story ...)
Hong Kong shares hit lowest level since 2009
Traders were also concerned about the Hong Kong government's "unprecedented silence on key economic indicators," Kelvin Tay, regional chief investment officer at UBS Global Wealth ... ( read original story ...)
The great Hong Kong hustle is why I came – and why it’s still the choice for me
My father left Hong Kong when he was 21 for a better life in Canada. Ironically, when I turned 21, I left Canada for a better life in Hong Kong. I love telling that story as it showcases the ... ( read original story ...)
Hong Kong May Let Bankers Who Get Covid Exit on Private Jets
Hong Kong is considering concessions including allowing attendees to leave the city via private jet should they test positive for Covid. ( read original story ...)
Brain drain solution is staring Hong Kong in face
Solving Hong Kong's brain drain problem need not be complicated. Leader John Lee hopes lower property taxes and a new visa scheme will persuade foreign talent not to move to destinations like ... ( read original story ...)
Hong Kong’s 2022 Policy Address: Key takeaways business and HR leaders should know
The Government is expected to implement an array of new initiatives targeted at "competing for enterprises" and "competing for talents". Here are some policy highlights for businesses and HR leaders. ( read original story ...)
Hong Kong Stock Exchange May Lower the Bar for Tech IPOs
If the stock market is a race track, then Hong Kong wants more horses to bet on, even if they aren't all thoroughbreds. In a move designed ... ( read original story ...)
HK may let VIP bankers who get Covid-19 exit on private jets
Hong Kong is unlikely to make any major changes to Covid-19 restrictions for inbound travellers before a banking summit in November. ( read original story ...)