US national and Hong Kong resident pleaded guilty to possessing and trafficking in illegal drugs at Eastern Magistrate’s Court on Wednesday.
Hong Kong rebounds in expat liveability rankings but Singapore keeps crown as No 1 spot
The city last year recovered to 77th spot out of 500 locations polled from 92nd in 2022, but was still behind its 17th place in the rankings in 2013, human resources consulting firm ECA International ...
Hong Kong’s Callable Bull/Bear Contracts Create Forced Selling
Asian equities were a bloodbath as investors unwound risk assets as the reality of US interest rates staying “higher for longer” sets in with investors.
Hong Kong IPO pipeline grows as Chinese restaurant chain Xiaocaiyuan files listing application
Xiaocaiyuan operates more than 500 restaurants across China. The chain’s profit rose to 429 million yuan (US$60 million) in the first nine months of last year, compared with 207 million yuan a year ...
Hong Kong finance chief Paul Chan rules out capital gains tax for ‘foreseeable future’ for city
Introduction of a capital gains tax was just a suggestion brought up during the budget consultation period, Chan tells Post.
Hong Kong airport operator’s retail bonds take off on first day of sales, HSBC and BOCHK say
Airport Authority Hong Kong’s highly anticipated HK$5 billion (US$640 million) retail bonds attracted a huge response when subscriptions opened on Wednesday, banks and brokers said.
Boeing Max 9 crisis upends Hong Kong airline startup’s growth
HONG Kong startup carrier Greater Bay Airlines’ plans to challenge the dominance of Cathay Pacific Airways have been thrown into disarray, with delivery of an order of Boeing Max 9 jets likely to be ...
Hong Kong won’t impose departure tax, says finance chief
HONG Kong Financial Secretary Paul Chan said he has no plans to impose a departure tax on residents, rejecting a proposal aimed at easing the government’s widening deficit. Read more at The Business ...
Hong Kong shares plunge 4%, mainland China stocks tumble to near 5-year lows
China's economy grew 5.2% in the three months ended December, slower than the 5.3% forecast in a Reuters poll. Retail sales for December also missed expectations.
Allied Banking Corporation migrates core banking operations to the cloud with Finastra
Allied continues 15 year relationship with Finastra, upgrading from Equation to Essence ...
Hong Kong’s HashKey Group enters unicorn club
HONG KONG -- Asian digital asset management firm HashKey Group has sealed a $100 million Series A financing round to join the unicorn club -- startup companies valued at $1 billion and above -- at a ...
First prosecution witness testifies against Jimmy Lai in Hong Kong
The first prosecution witness to testify in a landmark national security case against Hong Kong media tycoon Jimmy Lai said on Wednesday he had been instructed by Lai to call people to join protests ...
China’s Economy Spooks Markets, and Hong Kong Stocks Sink 4 Percent
Pessimism among investors was most pronounced in Hong Kong, where stocks have plunged by nearly 10 percent so far this year.
Hong Kong residential buildings undecided on illegal dumping measures under waste-charging scheme, property management representative says
Hong Kong Property Services Alliance chairman Mickey Yan raises concerns that scheme may lead to additional expenses and increase cleaners’ working hours.