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Month: September 2024

Posted on 24/09/2024

Meet the Hong Kong billionaires behind some of the world’s glitziest hotels — and the generation who could inherit the empire

Cheng Yu-Teng turned his profits from selling jewelry into a multibillion real estate empire now run by his grandchildren.

Posted on 24/09/2024

Hong Kong dazzled by drone shows but creative content, fewer rules needed, experts say

Creativity is key to keep attracting people to drone shows while commercial elements also need to be strengthened, lawmaker says.

Posted on 24/09/2024

Hong Kong’s advanced materials institute plans to extend R&D services to Greater Bay Area

Non-profit institute sees opportunities in licensing its technology to generate income to fund new equipment and facilities, CEO Fung says.

Posted on 24/09/2024

Hong Kong’s e-HKD project expands into tokenization, programmability

The Hong Kong Monetary Authority (HKMA) has launched the second phase of the digital Hong Kong dollar (e-HKD) pilot study with 21 financial institutions working on 11 use cases for the central bank ...

Posted on 24/09/2024

Hong Kong stocks snap 6-day streak, remain near 2-month high on policy easing hopes

China’s central bank cut a short-term policy rate, bolstering the argument that lower US interest rates leave Beijing more room for easing.

Posted on 24/09/2024

Hong Kong public hospitals to have 300 non-locally trained doctors by end of year

Hospital Authority meet with counterparts in Macau and mainland China to bring in more doctors under healthcare professionals exchange plan.

Posted on 24/09/2024

Fact Check: Image shows Hong Kong toilet explosion not linked to Hezbollah

A 2020 image showing a public toilet in Hong Kong damaged in an explosion was shared with false captions saying it showed an incident in Lebanon due to Hezbollah device explosions. An image of a ...

Posted on 23/09/2024

Hong Kong’s central bank to explore 11 use cases in phase 2 of e-HKD pilot

This phase of the HKMA’s digital currency programme will focus on efficiency and whether the e-HKD attracts and entices users, deputy CEO Howard Lee says.

Posted on 23/09/2024

Hong Kong stock markets remain open whatever the weather as policy to halt trading during extreme weather axed

Investors will continue to trade stocks on Hong Kong markets during typhoons or rainstorms, as the city’s policy of trading halt during severe weather was officially scrapped on Monday. The Hong Kong ...

Posted on 23/09/2024

1 in 5 victims of ‘naked-chat blackmail’ in Hong Kong are students as young as 11 years old

Criminals employ ‘scattergun approach’ to befriend victims online before tricking them into disrobing during video chats, police say.

Posted on 23/09/2024

Gaw Capital’s Hong Kong Office Towers Tender Deadline Lapses

The deadline has lapsed to find buyers for stakes in two Hong Kong office buildings majority owned by real estate investment firm Gaw Capital Partners, according to people familiar with the matter.

Posted on 23/09/2024

Hong Kong’s Paul Chan pushes for global tech start-up summit to be hosted in city

Financial Secretary Paul Chan sits down with organisers of South Summit during visit to Spain – the first leg of his European tour.

Posted on 23/09/2024

Independent journalists under pressure in Hong Kong

Last month saw the first sedition case targeting journalists in Hong Kong since the former British colony returned to Chinese rule in 1997. In September, the Hong Kong Journalists Association ...

Posted on 23/09/2024

China Resources Beverage aims to launch up to $1 billion Hong Kong IPO in October, sources say

Drinks maker China Resources Beverage is aiming to launch its Hong Kong initial public offering to raise up to $1 billion in October, according to two sources with direct knowledge of the matter, in a ...

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