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Month: September 2023

Posted on 04/09/2023

Hong Kong should prepare for rapid AI uptake by ramping up education technology, former finance chief John Tsang says

Former finance chief John Tsang also says Hong Kong should be considered gateway for field encouraging more tech solutions in classrooms.

Posted on 04/09/2023

Hong Kong must brace for long slog of economic recovery with patience and a brave face

Data suggests Hong Kong is starting to recover, with tourism, service exports and population numbers coming back up But challenges remain, the worst of which is probably the eagerness of many in the ...

Posted on 04/09/2023

Hong Kong bracing for second typhoon in less than a week as Haikui nears; billions of dollars in economic losses estimated from Saola

The Hong Kong Observatory is planning to issue a No 1 typhoon warning signal on Monday morning, with tropical cyclone Haikui set to come within 800km of the city. The storm, hot on the heels of ...

Posted on 04/09/2023

Hong Kong Finance Minister cautions against overreliance on tax reduction for stock market survival

Hong Kong’s Finance Minister, Paul Chan Mo-po, cautioned that reducing the tax on securities trading might not necessarily revive the city’s sluggish stock market. This warning comes as discussions ...

Posted on 04/09/2023

Hong Kong police smash HK$320 million money-laundering operation and arrest 19, but origins of most of cash still mystery

Police say syndicate, which began operating around June last year, also scammed at least 25 victims, with biggest single loss involving around HK$1 million.

Posted on 04/09/2023

Hong Kong’s opposition Democratic Party again forced to call off fundraising dinner as latest venue closes for typhoon repairs

Latest cancellation comes days after Democratic Party confirmed its booking at a banquet centre at Kai Tak Cruise Terminal Chairman Lo Kin-hei says an employee told party that venue had to close ...

Posted on 03/09/2023

Japan’s old abandoned houses, or akiya, draw Hong Kong, foreign buyers looking for a bargain holiday home to let

Lying vacant in mainly rural areas, Japan’s 8 million or so akiya can often be snapped up for a fraction of the price of a new or lived-in property in a housing market that is already cheap compared ...

Posted on 03/09/2023

Hong Kong must ‘revolutionise’ tree-planting methods to ensure public safety, reduce property damage, experts say as second possible storm looms

Experts say government must opt for better quality soil and use more when planting trees in high-density areas to prevent them becoming vulnerable to storms.

Posted on 03/09/2023

HSBC launches 3rd Business Excellence Awards

Business enterprises and entrepreneurs can nominate themselves in eight categories by filling in a simple nomination form. The categories of 3rd HSBC Business Excellence Awards ar ...

Posted on 03/09/2023

HSBC launches third Business Excellence Awards

Organisations concerned can apply in eight categories till 1 October. The institutions selected through the jury board will be awarded by November.

Posted on 03/09/2023

Hong Kong’s Stock Market Liquidity Task Force to Meet This Week

Hong Kong’s stock-market liquidity task force will hold its first meeting this week to study methods to expand capital sources and flows, attract more high-quality listings and boost efficiency and competitiveness,

Posted on 03/09/2023

Lowering Hong Kong’s stamp duty on securities trading not silver bullet for sluggish stock market, finance chief warns

Financial secretary chimes in for first time on rife talk over matter in wake of the setting up of a 13-member task force last week He cites statistics in showing move will not resolve structural woes ...

Posted on 03/09/2023

Hong Kong Is Building Public Housing on a Golf Course in a Snub to the Old Elite

The government is pressing ahead with plans to take back the land despite loud opposition from wealthy golf club members, underscoring the gravity of Hong Kong’s housing problem.

Posted on 03/09/2023

Mainland Chinese flock to Hong Kong for higher interest rates, financial security, amid growing economic woes

After a journey of hundreds of miles from Henan province in north-central China, Wong arrived at a Tsim Sha Tsui branch of the Bank of China Hong Kong (BOCHK) at 5.30 am. She managed to secure first ...

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