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Month: July 2023

Posted on 17/07/2023

Market bounce hands US$6.6 billion to Hong Kong’s super-rich as investors bank on China ‘returning to pragmatism’

The stock market’s best week since January partly contributed to a US$6.6 billion wealth increase enjoyed by the city’s super-rich. Beijing’s return to pragmatism could spur more upside later this ...

Posted on 17/07/2023

Hong Kong Likely to Scrap Trading After Hoisting Storm Signal 8

Trading in Hong Kong stock market is likely to be scrapped Monday morning as the city’s observatory said its typhoon warning signal 8 will remain in effect before noon.

Posted on 17/07/2023

Hong Kong Doesn’t Need to Compete With Singapore on Property

Hong Kong has been competing hard with Singapore this year to reclaim its throne as Asia’s premier financial center. It’s now offering generous tax exemptions to incentivize the ultra-rich to set up ...

Posted on 17/07/2023

VanMoof skids off track, another mobility startup goes SPAC and e-bike batteries catch fire

Welcome back to The Station, your central hub for all past, present and future means of moving people and packages from Point A to Point B. Your usual host Kirsten Korosec is off having a glorious ...

Posted on 17/07/2023

Legco members say Hong Kong government not doing enough to ensure good medical care for city retirees across the border

Legco members on trip to Fujian call for Hong Kong to do more to help city people retired to the province after visit to care home for elderly.

Posted on 17/07/2023

Tropical Storm Talim to be closest to Hong Kong on Monday morning, as city weighs raising typhoon warning signal to T8

Tropical storm located 390km (242 miles) south-southeast of Hong Kong as of Sunday noon, as it moves towards Guangdong and Hainan Island.

Posted on 16/07/2023

Lukewarm home sales in Hong Kong signal caution among buyers as looming US Fed hike weighs on sentiment

A third of units at a Yuen Long project and half of units in Wong Chuk Hang sold on Saturday as buyers wait to see if the Fed hikes rates again this month.

Posted on 16/07/2023

Hong Kong raises No 3 typhoon warning signal as Tropical Storm Talim intensifies

Tropical storm located about 400km south-southeast of Hong Kong as of 10am and will later shift in general direction toward Guangdong, Hainan Island.

Posted on 16/07/2023

Hong Kong commerce chief says 186 companies set up shop in city in 5 months, expresses confidence in reaching goal of 1,130 in 2025

Figure accounts for about 16.5 per cent of government's target to lure 1,130 businesses to set up in Hong Kong Commerce chief Algernon Yau says most are from innovation and technology sector and ...

Posted on 16/07/2023

Fearful foreign firms cut off data over China’s anti-spying law

Beijing’s move to expand anti-espionage rules and data regulation has companies racing to hive off IT systems.

Posted on 16/07/2023

Hong Kong leader labels activists ‘rats’ in tug of war over city’s priorities

“Rats” is how Hong Kong leader John Lee has taken to referring to a group of eight pro-democracy activists with a combined bounty of $1mn on their heads.

Posted on 16/07/2023

The Fracturing of Hong Kong’s Democracy Movement

Andrew Chiu lost an ear defending protesters in Hong Kong. Now he’s testifying against his movement on behalf of Beijing.

Posted on 15/07/2023

Fukushima discharge row: Hong Kong restaurants will not be compensated if city bans Japanese seafood, environment chief says

Secretary for Environment and Ecology Tse Chin-wan says operators have had ample time to prepare for possible ban following regular dialogue Representatives of city's Japanese restaurants have warned ...

Posted on 15/07/2023

Hong Kong leader John Lee stresses need to stay ahead in talent race, reveals population to further decline for 2023 but rate is slowing

Chief executive also notes falling birth rate, pointing out that financial incentives in other jurisdictions with same woes have not brought much success.

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