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Month: September 2023

Posted on 08/09/2023

Hong Kong shuts down city, halts stock market trade after heaviest rainfall on record

Hong Kong’s heaviest rainstorm since records began in 1884 flooded the financial hub’s streets and sent torrents of water rushing through subway stations, bringing much of the city to a standstill and ...

Posted on 08/09/2023

Hong Kong hit by widespread flash flooding after heaviest rainfall since 1884

Record-breaking rainfall in Hong Kong caused widespread flash flooding across the financial hub on Friday, with many businesses and schools forced to shut, just days after the city was battered by a ...

Posted on 08/09/2023

Asia markets poised for mixed open ahead of Japan’s trade balance; Hong Kong may pause trade

Hong Kong's observatory issued a "black rain" warning, which sees the pre-opening session cancelled and morning trade likely to be limited.

Posted on 08/09/2023

Hong Kong and Shenzhen fintech industry groups hold joint event as they seek to boost ties and innovation across the GBA

The FinTech Association of Hong Kong and the Shenzhen FinTech Association have started working together for the first time as GBA opportunities loom.

Posted on 08/09/2023

Extreme rain in Hong Kong turns city streets into raging rivers

A record 158.1 mm of rain fell in Hong Kong between 11 p.m. and midnight, the most in an hour since records began in 1884.

Posted on 08/09/2023

Hong Kong Science Park opens branch in Shenzhen as neighbouring cities move forward with collaboration on tech hub

The new branch in Shenzhen is one of the first Hong Kong projects in the Hetao zone, which will take the lead in serving hi-tech companies, as the two cities work on building a global hub.

Posted on 08/09/2023

Hong Kong should cut stamp duty by more than half for homeowners who are not first-time buyers: city’s largest political party

Democratic Alliance for the Betterment and Progress of Hong Kong says authorities should cut stamp duty from 15 per cent to 6 per cent for non-first-time homebuyers.

Posted on 08/09/2023

Hong Kong hit with heavy rain, flooding days after typhoon

Hong Kong saw widespread flooding and heavy rain in the early hours of Friday, which disrupted road and rail traffic just days after the city dodged major damage from a super typhoon.No injuries have ...

Posted on 08/09/2023

Hong Kong consumer watchdog slams 4 pharmacies over poor sales practices amid surge in complaints after border reopening

Consumer Council names and shames Causeway Bay quartet City Medicine, Medicine Palace Living Plaza, Global Medicine Company and On Hong Medicine Company.

Posted on 07/09/2023

K Wah’s Dongguan project is betting on cheaper mortgages, river views luring Hong Kong homebuyers to Greater Bay Area city

Property developer K Wah International Holdings has set aside flats for buyers from Hong Kong at its Bayview project in Dongguan, a city in the Greater Bay Area.

Posted on 07/09/2023

Hong Kong’s crumbling old flat tenants left in the lurch as developers and authorities go slow during property downturn

Many agree the current compensation rate, equal to the price of a comparable seven-year-old flat, needs changing.

Posted on 07/09/2023

Hong Kong’s Data Center Sector – Industry and Regulatory Landscape

The Hong Kong data center market presents myriad opportunities for investors as the industry witnesses strong growth and rising demand.

Posted on 07/09/2023

Hong Kong Largest Developer’s Profit Falls in Property Downturn

Hong Kong’s largest developer Sun Hung Kai Properties Ltd. reported a 17% drop in full-year profit as the city’s property market continued to struggle amid interest rate hikes.

Posted on 07/09/2023

‘Night Vibes Hong Kong’: campaign must be affordable to counter trend of residents spending across the border, industry leaders say

A major campaign to revitalise Hong Kong’s night economy must be affordable not only for tourists but to counter a recent holiday trend of residents heading across the border, industry leaders on ...

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