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Month: April 2024

Posted on 28/04/2024

Hong Kong rail fans queue for limited edition model trains, as MTR Corp exhibition launch gets on right track

Dozens of enthusiasts queue to get hands on ‘Yellow Head’ model train at event celebrating MTR Corporation’s 45th anniversary.

Posted on 27/04/2024

Hong Kong homebuyers, enticed by big discounts, snap up most flats on offer at Great Eagle’s Onmantin project

On Saturday, 220 of the 260 flats on offer at Onmantin were already sold as of 7pm after the project received 7,500 orders from prospective buyers.

Posted on 27/04/2024

Pace of Hong Kong’s economic recovery may need to be re-evaluated but no drastic changes to forecasts, finance chief Paul Chan says

Financial Secretary Paul Chan says Hong Kong may face a higher interest rate environment for longer US Federal Reserve earlier indicated any rate cuts may take longer than previously anticipated ...

Posted on 27/04/2024

Hong Kong’s plastics ban: minister says policy not ‘unreasonable’ amid confusion over dining-in, takeaway rules

Environmental chief Tse Chin-wan says policy’s main purpose to educate public on waste reduction, following confusion over rules for pre-packaged supermarket sushi.

Posted on 27/04/2024

Contractors going at ‘full speed’ to deliver 29,000 light public flats: Hong Kong housing chief

Secretary for Housing Winnie Ho says projects represent 96 per cent of government's target to complete 30,000 light public flats by 2026-27 financial year 'I am confident we can complete all 30,000 ...

Posted on 27/04/2024

Investment scams in Hong Kong surge 55% in first quarter involving over HK$900 million, city’s police chief says

Commissioner of Police Raymond Siu says deception cases in city grew 0.9 per cent, with all but investment scams showing signs of decline between January to March Siu warns residents against falling ...

Posted on 27/04/2024

Hong Kong stock exchange fights to regain investors’ faith

Support is sorely needed for the market. Despite this week’s rally, which was driven by mainland investors, the Hang Seng index has fallen more than 43 per cent from early 2021, while the Hong Kong ...

Posted on 27/04/2024

Hong Kong’s crypto ETFs off-limits for mainland China investors

Hong Kong is all set to roll out its first spot Bitcoin and Ethereum ETFs, but here’s the thing. If you’re investing from mainland ChiChina and Russia almost completely rid of US dollar in mutual ...

Posted on 27/04/2024

Chinese cornerstone investors are new pillars of Hong Kong IPOs and it’s not all good news

Chinese local government entities have carried the mantle of cornerstone investors in first-time stock offerings in Hong Kong in the past two years as foreign investors shun deals. Their outsize role ...

Posted on 27/04/2024

Hong Kong must find its drive again as rivals like Singapore surge ahead

Hong Kong’s growing disparity with Shanghai, Shenzhen and Singapore is cause for concern. The city must adapt and learn to take risks again to maximise its ‘two systems’ advantages.

Posted on 27/04/2024

Michigan man caught after attempting to flee US to Hong Kong after fatal building explosion, fire: police

Noor Noel Kestou, 31, attempted to flee the U.S. after the fatal explosion at his vape and smoke business, Goo Smoke Shop/Select Distributors, on March 4.

Posted on 27/04/2024

Shinhan Financial takes back leading status in Q1 earnings

Shinhan Financial Group has reclaimed its position as the leading financial conglomerate in the country for its first-quarter earnings, due mainly to the expansion of corporate loans and improved ...

Posted on 27/04/2024

Veteran Hong Kong teacher fired and who lost pension over 2019 unrest Facebook posts wins appeal against ‘harsh and oppressive’ decision

Judge rules decision to sack Toffee Tam was ‘so harsh and oppressive’ it must have involved ‘some error of law’.

Posted on 27/04/2024

Hong Kong signs 20 cooperation documents with Shanghai to boost ties in digital economy, finance, among other fields

City leader John Lee says two cities have reached consensus on 65 projects spanning 15 sectors, including innovation, technology and industrial development.

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