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Month: January 2023

Posted on 18/01/2023

Ex-Hong Kong leader Tung Chee-hwa to step down from China’s top political advisory body as vice-chairman, but no seat for Carrie Lam

Former chief executive Carrie Lam will not take up Tung’s seat contrary to earlier speculation by the pro-establishment camp.

Posted on 18/01/2023

Hong Kong leader aims to lift all Covid restrictions this year

Hong Kong leader John Lee said today he aims to lift all Covid-19 restrictions within this year and lead the global financial hub towards a full return ...

Posted on 18/01/2023

Chipmaker Black Sesame Considers $200 Million Hong Kong IPO

Black Sesame Technologies, a developer of artificial intelligence chips and systems for cars, is considering a Hong Kong initial public offering that could raise about $200 million, according to ...

Posted on 18/01/2023

Chipmaker Black Sesame considers US$200m Hong Kong IPO

BLACK Sesame Technologies, a developer of artificial intelligence chips and systems for cars, is considering a Hong Kong initial public offering (IPO) that could raise about US$200 million, according ...

Posted on 18/01/2023

Hong Kong Home Sales to Surge 50% as Rates Peak, Border Reopens

Hong Kong’s new home sales may surge by 50% in 2023 after the border with mainland China reopened and as interest-rate increases end.

Posted on 18/01/2023

Hong Kong Luxury Watch Seller Raises $8 Million From Gobi Partners, Kuok Meng Xiong’s K3 Ventures

Wristcheck, a Hong Kong-based luxury watch consignment retailer, raised $8 million in a seed funding round led by Gobi Partners GBA, which oversees Alibaba’s Hong Kong Entrepreneurs Fund – one of the ...

Posted on 18/01/2023

Hong Kong police search for 3 men suspected of stealing Ragdoll cat from Mong Kok party room

An eight-month-old Ragdoll cat was stolen from a party room in a Hong Kong commercial building in the early hours of Wednesday, sparking a police manhunt for three thieves. Security camera footage ...

Posted on 18/01/2023

China’s big spenders are trickling back to Hong Kong’s luxury property market, boosting analysts’ hopes for a slow recovery

Property-market insiders see positive signs following the reopening of the border, especially in luxury developments, but a full recovery is expected to take months amid high interest rates.

Posted on 18/01/2023

Hong Kong home sales could surge 50% as rates peak, border reopens

Property developers are already saying that they are seeing homes being sold at an accelerated pace in recent weeks. Read more at straitstimes.com.

Posted on 18/01/2023

‘Happy to support Hong Kong’: city welcomes return of first international cruise ship in 3 years, as Silver Spirit sails in from Singapore

Vessel from Silversea Cruises docks at Tsim Sha Tsui to warm welcome, including lion dance performance City has at least 82 cruise calls lined up for the year with another ship, the German Mein Schiff ...

Posted on 18/01/2023

Hong Kong housewife allegedly ran HK$6 billion money-laundering syndicate, arrested with 8 others in record customs bust

Officers reveal 9 suspects, most of whom were unemployed, arrested after raid on Hung Hom flat in January Group believed to have used dozens of bank accounts over three-year period to launder money A ...

Posted on 18/01/2023

Staff shortages dent Hong Kong air hub reboot hopes

Regional airlines are struggling to ramp up flights to Hong Kong because of staff shortages at the airport, slowing the city's plan to recapture its travel hub status, industry insiders have told AFP.

Posted on 18/01/2023

Emirates to resume daily non-stop Hong Kong service

Emirates will ramp up frequencies to Hong Kong with a daily non-stop service from its Dubai hub, starting from March 29, adding to its existing daily flight from Dubai to Hong Kong via Bangkok. The ...

Posted on 18/01/2023

Mainland China money trickles into Hong Kong property market, especially luxury homes, as analysts expect slow recovery

Luxury homes are attracting mainland Chinese buyers, with three Ho Man Tin flats recently selling for about US$38 million Given high interest rates, it will take time for buying by mainland residents ...

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