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Month: April 2023

Posted on 14/04/2023

New Hong Kong regulatory regime a ‘high-speed motorway’ for firms looking to redomicile in city, minister says

Hong Kong will introduce a new regulatory regime that makes it simple and easy for overseas companies to redomicile in the city, according to a consultation paper issued by the government on Friday.

Posted on 14/04/2023

Hong Kong’s Largest Virtual Bank Starts Crypto to Fiat Services

Hong Kong’s largest virtual bank, ZA Bank, has revealed that it will allow users to exchange cryptocurrencies for fiat currencies and offer banking services to digital asset firms in the city. The ...

Posted on 14/04/2023

French companies are ready to expand in Hong Kong, Greater Bay Area as Macron cements China ties, state official says

Some of the biggest French companies are willing to expand in Hong Kong, Greater Bay Area, says Gerald Wolf, a government adviser French population in the city shrank more than 20 per cent to about 11 ...

Posted on 14/04/2023

Hong Kong needs to offer incentives to compete with Singapore, Bermuda as international insurance hub, HKFI says

Hong Kong needs to follow Singapore’s example and offer more incentives to international insurers if it wants them to set up their regional headquarters in the city, HKFI says.

Posted on 14/04/2023

6,500 teachers quit Hong Kong schools in last academic year, bringing total to nearly 12,000 since 2021

Education Bureau figures provided to lawmakers also show 17,000 students withdrew from kindergarten and primary schools About 3,600 teachers on average resigned or retired annually before emigration wave started in Hong Kong in 2021 About 6,

Posted on 14/04/2023

Tapestry Names Alan Lau to Board of Directors

Tapestry Inc. has named Alan Lau to the board of directors, bringing the total number of board members to 11.

Posted on 14/04/2023

Hainan, HKSAR ‘complementary rather than competing,’ says HK business representative

Hong Kong enterprises in the food, watch and jewelry, fashion as well as healthcare and personal care products sectors have been actively participating in the third China International Consumer ...

Posted on 13/04/2023

2 Arrested in Hong Kong After Dousing Police With Water Guns

Songkran, a traditional Thai festival, often involves splashing and squirting. But the continuing crackdowns on all forms of dissent in Hong Kong made things different this year.

Posted on 13/04/2023

Motor racing-Hong Kong billionaire Lo in talks with potential F1 teams

Hong Kong-based billionaire Calvin Lo, who already has financial links to Formula One team Williams, says he would like to see a greater Asian presence in F1 and is in talks with potential new ...

Posted on 13/04/2023

Hong Kong billionaire Lo in talks with potential F1 teams

"The financial part, believe it or not, to me is actually not the biggest problem," he told Reuters at his Hong Kong headquarters in the central business district. "It's actually gathering all the ...

Posted on 13/04/2023

Court awards BOC Aviation over $400m for Russian 747-8F defaults

Lessor BOC Aviation has been granted damages of more than $400 million against Russian freight operators AirBridgeCargo and Volga-Dnepr, over defaults relating to three leased Boeing 747-8Fs. The ...

Posted on 13/04/2023

Hong Kong woos mainland China crypto firms in push to bolster finance hub status

After years of bankers quitting Hong Kong amid a China security crackdown and tight COVID curbs, the city is rolling out the red carpet to a finance sector tarnished by events elsewhere in a bid to ...

Posted on 13/04/2023

Next phase in developing Hong Kong’s digital economy begins now, city’s John Lee says at tech mega event

City leader says 'Hong Kong government is committed to promoting I&T development in order to foster a more vibrant and diversified economy' Lee touts digital economy as source of opportunities for ...

Posted on 13/04/2023

Songkran: Hong Kong arrests two for shooting water guns at police

Two Hong Kong men have been arrested for disorderly conduct after they shot water guns at policemen during an event celebrating Songkran, the Thai new year.The duo, both in their 20s, used the ...

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