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Posted on 25/07/2024

Sotheby’s bets on Chinese spending with Hong Kong retail outlet

Sotheby's embarks on a new kind of selling in Hong Kong on Saturday, with its first retail outlet, stocking anything from collectable trainers to dinosaur fossils, with prices starting at several ...

Posted on 25/07/2024

Hong Kong seen as premier regional treasury centre in Asia

Hong Kong has emerged as a premier regional treasury centre in Asia in view of its tax and regulatory framework, financial resilience, and deep talent pool, a new report finds.

Posted on 25/07/2024

Digital Domain to set up US$26m R&D base in Hong Kong to produce visual effects, AI videos

Digital Domain’s research and development centre in Hong Kong will focus on artificial intelligence-powered virtual humans and their application in service-oriented environments.

Posted on 25/07/2024

Hong Kong IPO applications surge as many in China’s Silicon Valley keen -summit

HKEX hosts summit to promote the new Chapter 18C listing regime in Shenzhen, dubbed China's 'Silicon Valley' Shenzhen, widely considered China's Silicon Valley, is brimming with technology companies ...

Posted on 25/07/2024

The Illicit Flow of Technology to Russia Goes Through This Hong Kong Address

Defying sanctions, Russia has obtained nearly $4 billion in restricted chips since the war began in Ukraine. Many were shipped through a cluster of shell companies in Hong Kong.

Posted on 25/07/2024

Thirty corporations from Hong Kong seek investment opportunities in Vietnam

A delegation of 30 companies led by John Lee, chief executive of the Hong Kong Special Administrative Region (HKSAR), will visit Hanoi from July 31- August 1 and Ho Chi Minh City from August 1-August 2.

Posted on 25/07/2024

Hong Kong’s first online shopping festival banks on mainland Chinese consumers

HONG KONG – Hong Kong will in August hold its first shopping festival on online platforms like Taobao and Xiaohongshu to help its local businesses make inroads into mainland China. This comes as Chinese consumers have been increasingly tightening their ...

Posted on 25/07/2024

Man jailed for 1 year in Hong Kong for importing HK$620,000 worth of endangered shark fins illegally

A 36-year-old man has been jailed for a year after he pleaded guilty to illegally importing endangered shark fins valued at around HK$620,000 from Brazil to Hong Kong. Lin Yufeng appeared before Deputy District Judge Veronica Heung for sentencing on Wednesday,

Posted on 25/07/2024

Hong Kong court dismisses tycoon Jimmy Lai’s bid to end trial

A Hong Kong court dismissed on Thursday a bid by the legal team for jailed democrat Jimmy Lai to end his national security trial, saying prosecutors appeared to have sufficient evidence to support all ...

Posted on 25/07/2024

What can Hong Kong learn from Silicon Valley in push to create I&T start-up hub?

The group of Hong Kong visitors to Novoloop, a start-up in Silicon Valley’s Menlo Park, cannot miss the sneaker placed on a laboratory bench alongside test tubes and machinery. Describing the ...

Posted on 25/07/2024

Hong Kong grocery chain 759 Store freezes investments, reviews lease deals after losses

An announcement posted on its official app said the shop’s last business day is on September 1. It has nine other outlets in the city, but they are all located in Kowloon or the New Territories. GU’s ...

Posted on 25/07/2024

Publisher Jimmy Lai will testify in his defense at Hong Kong national security trial, lawyer says

A lawyer says activist publisher Jimmy Lai will testify in his defense at his Hong Kong national security trial ...

Posted on 25/07/2024

HSBC appoints new CEO for life insurance arm

She has over two decades of experience with HSBC. HSBC has appointed Daisy Tsang as the chief executive officer of HSBC Life Hong Kong, effective 1 August, pending regulatory approval. Tsang will ...

Posted on 25/07/2024

Hong Kong spent HK$284.1 billion on healthcare in 2022-23, including HK$43.7 billion on Covid-19

Hong Kong reported a total health expenditure of more than HK$284.1 billion in the 2022-23 financial year, accounting for 10 per cent of the city’s gross domestic product. Hongkongers spent HK$38,670 ...

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