Shares of Hong Kong-based developers rallied after a Bloomberg report that the city’s government is considering cutting property tax for non-resident buyers, a move that could stabilize the ailing ... ( read original story ...)
Bank of China: Digital yuan transactions volume crossed $14B mark
China’s central bank digital currency (CBDC) project has reached the mark of 100.04 billion yuan, making e-CNY the most widely adopted CBDC in the world. ( read original story ...)
Investors keep dumping Alibaba, HSBC as Hong Kong stocks limp, Beijing hardens zero-Covid stance and UK roils global markets
Stocks find no support at home and abroad even after a major rout this week as risk-off sentiment pervades local and regional markets. ( read original story ...)
Hong Kong hopes China Congress could revive economy, reverse IPO slump
Hong Kong dealmakers expect China's 20th Party Congress next week to herald a shift in focus in Beijing back towards business and economic issues that could help revive the city's IPO issuance from ... ( read original story ...)
This AI startup analyzes how shoppers move through a store to increase sales
Patrick Tu, the CEO of Dayta AI, tells us how retailers can analyze surveillance camera data and how they tackle privacy concerns. ( read original story ...)
Wall Street has chance to put Hong Kong to work
Leaders from the West’s biggest financial firms will land in Hong Kong next month — in most cases their first trip to the city in three years — with some tough questions for their hosts. The top one ... ( read original story ...)
Hong Kong eyes property tax cut, visa moves to reverse Covid brain drain
Hong Kong is considering easing property taxes and visa restrictions as authorities seek to curb a pandemic brain drain that’s threatened the city’s status as an international financial hub. ( read original story ...)
Hong Kong’s commitment to E, S and G: the three letters that spell out a more equitable tomorrow
Pick up any quality media in 2022 and the reader will increasingly see three bold letters jumping from the business sections. The conspicuous E, S and G stand for “Environmental, Social and Governance ... ( read original story ...)
Hong Kong man jailed for stabbing police at protest
A Hong Kong man was jailed on Thursday (Oct 13) for stabbing a police officer in the arm during protests against a Beijing-imposed national security law two years ago. Wong Kwan-wa, 26, was sentenced ... ( read original story ...)
Superyacht struggle: Is Hong Kong now safe harbor for sanctioned Russians?
Hong Kong’s leader, John Lee, said Tuesday that the city had no legal basis to act on a Russian oligarch’s superyacht in the city. ( read original story ...)
As Hong Kong scrapped its Covid curbs, I boarded the bus to lock-up
A spectacularly ill-timed trip led to my sentence of 10 days in isolation — just as the city was revelling in new freedoms ... ( read original story ...)
Pink diamond sells for record breaking $49.9M at Hong Kong auction
A pink diamond was sold for $49.9 million in Hong Kong last Friday, setting a world record for the highest price per carat for a diamond sold at auction. The 11.15-carat Williamson Pink Star ... ( read original story ...)
Hong Kong property sales tumble to three-decade lows
Hong Kong’s sagging property market is set to post its lowest sales volume in three decades with prices headed for their biggest on-year decline since the 2008 financial crisis, real estate analysts ... ( read original story ...)
Hong Kong’s housing market cooling measures: What are they? Have they done their job? And should they be relaxed?
The government and the monetary authority have introduced a variety of duties and rules to cool the city's hot property market since 2010 With the market now in a slump, developers and agents would ... ( read original story ...)