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Month: July 2024

Posted on 09/07/2024

Hong Kong’s US$1.3b pile from residency scheme a boon for family office hub goals

Hong Kong has attracted more than HK$10 billion (US$1.3 billion) under the four-month-old, cash-for-residency scheme, as the city pushes ahead with its family office hub ambitions.

Posted on 09/07/2024

Hong Kong’s government seeks to regulate online car-hailing platforms

The Hong Kong government is seeking to regulate online car-hailing platforms through licensing and impose tougher penalties on illegal ride services ...

Posted on 09/07/2024

Hong Kong’s government seeks to regulate online car-hailing platforms, a move likely to affect Uber

The Hong Kong government is seeking to regulate online car-hailing platforms through licensing and impose tougher penalties on illegal ride services.

Posted on 09/07/2024

Man sentenced to life for killing Hong Kong worker dies after being found hanged in cell

A 32-year-old man convicted of murder died after he was found hanged at a maximum-security prison in Hong Kong, the Correctional Services Department said on Monday. The man was discovered by a ...

Posted on 09/07/2024

Creator who inspired Hong Kong art installation walks back criticism of show organisers

Artist Joann says organisers were inspired by her AI work and not required to replicate designs exactly after earlier calling pieces ‘ugly’ ...

Posted on 08/07/2024

Hong Kong’s cash-strapped Urban Renewal Authority seeks out Singapore, Macau investors

Statutory body also says it plans to issue bonds after it recorded HK$3.9 billion annual deficit, its second year of loss in a row.

Posted on 08/07/2024

DBS HK fined US$1.28m for anti-money laundering, review lapses

The bank failed to conduct due diligence in ‘high risk situations’ from 2012 and 2019. The Hong Kong Monetary Authority (HKMA) is fining DBS HK$10m (approximately US$1.28m; S$1.73m) for contraventions ...

Posted on 08/07/2024

Stiffer penalties proposed to curb Hong Kong’s illegal ride-hailing services

Transport and Logistics Bureau says it will also strengthen local taxi services through launch of premium cab fleets next year.

Posted on 08/07/2024

HSBC fined $3 mln over incentive offers to agents around MPF scheme

HSBC has been fined HK$24 million ($3.07 million) for offering incentives to "unregistered intermediaries" to get clients to join its Mandatory Provident Fund (MPF) scheme in 2020 and 2021, Hong ...

Posted on 08/07/2024

Hong Kong’s Commercial Property Deals Fell to Lowest Since 2008

Hong Kong saw 48 commercial property transactions close in the first half of the year, the lowest for a six-month period since 2008, amid high interest rates and weak market sentiment.

Posted on 08/07/2024

Hong Kong 47: Ex-gov’t officials pen mitigation letters for former Democratic Party chair

Former Democratic Party chairman Wu Chi-wai has submitted mitigation letters from three ex-officials in pleading for a lighter sentence in the landmark national security case involving 47 ...

Posted on 08/07/2024

NGO warns of extreme heat in subdivided flats, rooftop homes as Hong Kong logs hottest day of year

An NGO has warned of extreme heat in Hong Kong’s subdivided flats and rooftop homes, which house more than 220,000 residents, as the city logged the hottest day in the year so far on Sunday, when the ...

Posted on 08/07/2024

Hong Kong superstar Andy Lau apologises to fans for dangerous stunt during China concert

Hong Kong film and singing star Andy Lau Tak-wah has apologised to his fans after he performed a dangerous on-stage stunt at a comeback concert in Shanghai.

Posted on 08/07/2024

Unfurling scroll of French fashion history in Hong Kong

In a dimly lit exhibition hall at the Hong Kong Palace Museum, under the beams of spotlights were sets of exquisitely crafted vintage clothing and accessories, and clips from classic old movies were ...

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