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Month: September 2024

Posted on 19/09/2024

What will drive Hong Kong’s insurance market to reach $127b in 2032?

Chronic diseases and ageing population are driving the demand for life insurance. The Hong Kong insurance market was valued at $72.31b in 2023 and is projected to grow to $127.02b by 2032, with a ...

Posted on 19/09/2024

2 cases have put mental health in focus so how does Hong Kong handle psychiatric patients?

A Hong Kong police officer fatally shot a knife-wielding man on Sunday when he allegedly ignored repeated warnings after attacking his wife and mother in North Point. It was later revealed the man had ...

Posted on 19/09/2024

Hong Kong Bourse May See Profit Taking On Thursday

Ahead of Wednesday's holiday for the Mid-Autumn Festival, the Hong Kong stock market had moved higher in four straight sessions, ...

Posted on 19/09/2024

Maggie Cheung turns 60: from beauty queen, Hong Kong film icon and global stardom to DJing with Aaron Kwok and Nicholas Tse at a recent Gucci party

Her last major roles were 20 years ago – since then, she’s been busy with her music and philanthropic work, and was named Unicef ambassador to China One of the most renowned names in Hong Kong cinema, ...

Posted on 19/09/2024

Hong Kong cuts base rate by half point in lockstep with US Fed’s aggressive bid on economy

Hong Kong cut its base rate cut by 50 basis points for the first time in four years, kicking off a cycle that would help businesses and homeowners Hong Kong's de facto central bank cut its base ...

Posted on 19/09/2024

Hong Kong Cuts Rates for First Time in Four Years as Fed Eases

The Hong Kong Monetary Authority cut its base interest rate for the first time since 2020 after the Federal Reserve eased policy, in a move that should help loosen borrowing conditions in the ...

Posted on 19/09/2024

Hong Kong cuts interest rates for the first time in four years after Fed easing

The cut in Hong Kong will be welcome relief for businesses and consumers, who have faced years of steep borrowing costs.

Posted on 19/09/2024

Hong Kong central bank cuts interest rate, tracks Fed move

The Hong Kong Monetary Authority (HKMA) on Thursday cut its base rate charged via the overnight discount window by 50 basis points to 5.25 per cent, tracking a move by the U.S. Federal Reserve.Hong Ko ...

Posted on 19/09/2024

Hong Kong democracy tycoon’s son warns time running out

US lawmakers on Wednesday vowed to keep up pressure to free Hong Kong pro-democracy media tycoon Jimmy Lai, whose son warned that time was running out. Lai, the founder of the now-shuttered popular ...

Posted on 19/09/2024

Hong Kong Stocks Surge on U.S. Rate Cut Hopes and Midea Group’s Upbeat Debut

Hong Kong stocks climbed in a holiday-thinned trade, driven by local property giants and an optimistic listing of Chinese home appliances maker Midea Group. The Hang Seng index increased by 237.90 ...

Posted on 19/09/2024

What’s Driving Luxury Travelers In 2024, According To McKinsey

Luxury travel is a $240 billion market, but luxury travelers may be a little different from what you think, according to a McKinsey study.

Posted on 19/09/2024

Hong Kong freshwater fish farms log 30% drop in business amid outbreak of deadly infection

Group B Streptococcus cases linked to raw freshwater fish prompt some diners to change habits, as local suppliers worry over business impact.

Posted on 19/09/2024

Hong Kong transport, catering firms urge government to keep labour import schemes

Calls at odds with union push to suspend migrant worker schemes amid exploitation claims and fears over job security and wages.

Posted on 19/09/2024

Bangladeshi man, 47, dies after being found unconscious on Cathay flight to Hong Kong

A 47-year-old Bangladeshi passenger has died after fainting on a Cathay Pacific Airways flight from Dhaka to Hong Kong. Hong Kong police said they received a report shortly after 8am on Wednesday that ...

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