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Month: May 2023

Posted on 23/05/2023

Hong Kong police warn public against falling victim to fake anti-scam app

Hong Kong police have warned the public to stay alert to a fake mobile app disguised as the force’s anti-scam Scameter+ app. The bogus app had been attempting to lure victims into depositing money ...

Posted on 23/05/2023

How a Billion-Dollar Hong Kong Luxury Tower Highlights Developer Distress

The Corniche was supposed to generate HK$30 billion ($3.8 billion) in sales after the developers bought the land overlooking the South China Sea for a record price.

Posted on 23/05/2023

Hong Kong’s lived-in home prices to drop 5 per cent this year as sales sputter amid new-home glut, high interest rates: Knight Frank

Another property consultancy has joined a growing chorus that believes lived-in home prices are destined to slide in Hong Kong as sales sputter after a recovery in the first quarter proved short-lived ...

Posted on 23/05/2023

Hong Kong intensifies its efforts to establish itself as a crypto hub

In an effort to regain its position as a cutting-edge financial hub, Hong Kong will introduce a licensing scheme for virtual-asset platforms on June 1. However, following a market crash in 2022 that ...

Posted on 23/05/2023

Newman Capital Invests in Web3 Gaming Wallet Infrastructure Startup Openfort

HONG KONG SAR - Media OutReach - 23 May 2023 - Newman Capital is proud to announce its investment in Openfort, a cutting-edge blockchain wallet infrastructure startup focused on Web3 gaming. With the ...

Posted on 23/05/2023

Hong Kong stocks see-saw as short-video platform Kuaishou’s earnings buoy sentiment weighed down by US debt ceiling talks

Stocks in Hong Kong struggled to find direction on Tuesday morning as short-video platform Kuaishou’s strong report card lifted sentiment weighed down by the protracted US debt ceiling negotiations.

Posted on 23/05/2023

Hong Kong’s John Lee strongly condemns ‘shameful’ acts of suspected abuse of organ donor register, warns police will pursue cases

City leader on Tuesday chimes in on recent trend of application withdrawals that started when authorities weighed establishing cross-border mechanism He points out system carries 'noble cause to save ...

Posted on 23/05/2023

Hong Kong’s lived-in home prices to drop 5 per cent this year as sales sputter amid new-home glut, high interest rates

Property consultancy Knight Frank joins JLL and Citi in predicting ... has joined a growing chorus that believes lived-in home prices are destined to slide in Hong Kong as sales sputter after a ...

Posted on 23/05/2023

All’s fare on Hong Kong buses and trains? Lawmakers, economists urge city to review public cost of HK$2 transport subsidy for elderly

"Hong Kong should take this chance to reform the system by subsidising ... However, Dr Thomas Yuen Wai-kee, an assistant professor at Shue Yan University's department of economics and finance, brushed ...

Posted on 23/05/2023

Hong Kong company crashes Wesfarmers’ pursuit of SILK Laser with $178 million rival bid

SILK Laser said it had deemed EC’s $3.35-a-share indicative cash proposal superior to Wesfarmers’ $3.15 offer, triggering a provision under their takeover agreement that gives the WA conglomerate five ...

Posted on 23/05/2023

Hong Kong alleges attempts to ‘disrupt’ organ donation as city sees nearly 3,000 ‘invalid’ withdrawals from register

The Hong Kong government has alleged that a small group of people filed applications to withdraw from the Centralised Organ Donation Register (CODR) with an aim of “disrupting the representativeness” ...

Posted on 23/05/2023

Hong Kong Palace Museum to exhibit statues, masks from mystery ancient Chinese civilisation in autumn show

Tang Fei, director of the Sichuan Provincial Institute of Cultural Relics and Archaeology, said he hoped the exhibition would help to expand Hong Kong people's understanding of the historic and ...

Posted on 23/05/2023

Under-threat Hong Kong school barred from setting up private Primary One classes despite alumni vow to raise HK$3 million to fund scheme

but their appeal rejected Hong Kong education chiefs have ruled out private classes as an alternative survival plan for a primary school which had its request for a review of its operations rejected.

Posted on 23/05/2023

Hong Kong brokerage Solowin sets terms for proposed $15M US IPO

Solowin Holdings (SWIN), an online brokerage based in Hong Kong, has set terms for a proposed $15M US initial public offering. The financial services company said in a filing that it was looking at ...

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