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Month: July 2024

Posted on 29/07/2024

Hong Kong Police Crack Down on Crypto Fraud: Four Arrested, Including Teenager, in HK$11 Million Scheme

In a significant move against financial fraud, Hong Kong police have apprehended four individuals, including a 14-year-old, linked to a syndicate involved in defrauding cryptocurrency owners with ...

Posted on 29/07/2024

Hong Kong Legislator Considers Bitcoin for Financial Reserves

Hong Kong Legislative Council Member Johnny Ng has unveiled plans to explore the feasibility and benefits of incorporating Bitcoin into the financial reserves of Hong Kong. This initiative reflects ...

Posted on 29/07/2024

Why Hong Kong’s property market isn’t all doom and gloom

Hong Kong’s real estate sector has endured a series of shocks, yet it is far more resilient than dire reports of its state might suggest.

Posted on 29/07/2024

Hong Kong Legislator Pushes to Make Bitcoin Part of Fiscal Reserves: A Bold Move for Digital Gold

Hong Kong Legislative Council Member Johnny Ng has unveiled plans to explore the integration of Bitcoin into the particular administrative regions financial reserves. Ngs initiative aims to position ...

Posted on 29/07/2024

Outback shuts 9 Hong Kong steak houses, lays off 300 as diners head to mainland China

American restaurant Outback Steakhouse will close nearly half its branches in Hong Kong, as high rents and weak sales took their toll.

Posted on 29/07/2024

Towngas makes debut on FTSE4Good Index and secures four awards at UNSDG Achievement Awards Hong Kong 2024

The Hong Kong and China Gas Company Limited (Towngas) has announced its inaugural inclusion in the FTSE4Good Index Series, ...

Posted on 29/07/2024

Hong Kong gets first ever community care teams for ethnic minority groups

Hong Kong has rolled out its first community care teams dedicated to ethnic minority groups, with an operating budget of HK$110 million (US$14.1 million) a year. The city’s No 2 official, Eric Chan ...

Posted on 29/07/2024

Hong Kong engineer, 43, arrested after allegedly strangling girlfriend to death

Case comes to light after suspect tells his girlfriend’s boss that she had been out of contact since last week.

Posted on 29/07/2024

Hong Kong home prices soften again in June, down 1.2%

Hong Kong's private home prices eased 1.2 per cent in June, the second monthly decline in a row, as more property developers launched new flats at steep discounts to boost sales. The fall last month ...

Posted on 29/07/2024

Hong Kong’s June lived-in home prices drop while rents rise as buyers await mortgage cuts

The prices of Hong Kong’s lived-in homes fell to the lowest in eight years while rental charges rose amid record mortgage rates, as the buying momentum ran out after February’s removal of a stamp duty ...

Posted on 29/07/2024

{Hot Stocks}HANG SENG BANK(00011) quoted at HK$104, up 3.2%

[ET Net News Agency, 29 July 2024] HANG SENG BANK (00011) rose 3.2% to HK$104, breaking above the 10-D SMA of HK$101.385. It hits an intra-day high of HK$104, hitting an 1-month high, and an intra-day ...

Posted on 29/07/2024

Outback shuts 9 Hong Kong steak houses, lays off 300 staff, as diners head to mainland

American restaurant Outback Steakhouse will close nearly half its branches in Hong Kong, as high rents and weak sales took their toll.

Posted on 29/07/2024

Exhibition showcases art from the ‘margins’ of Hong Kong

Show highlighted work from the city’s migrant communities and minority groups, building connections and telling their stories.

Posted on 29/07/2024

Hong Kong stocks jump after China industrial profits rise, eyes on Politburo meeting

Hong Kong stocks advanced after upbeat industrial profits data and hopes of more supportive policies from the coming Politburo meeting lifted sentiment.

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