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Posted on 01/05/2024

First to Downgrade EVERGRANDE 3 Yrs Ago, UBS’s John Lam Now Turns Positive on CN Property

Bloomberg reported that John Lam, head of China and Hong Kong property research at UBS, said his view of China's property market has turned positive and expects a gradual recovery ...

Posted on 01/05/2024

Scam alert: fake Post article featuring Hong Kong movie star Donnie Yen promotes online trading tools

Scammers have published a fictitious article with the appearance of a South China Morning Post story and a reporter’s byline to promote two online financial trading apps.

Posted on 01/05/2024

Local banks and S’pore, HK police recover more than $370k for 70-year-old man in foiled scam

Scammers told the man his computer had been hacked and his bank accounts were used for illegal activities. Read more at straitstimes.com.

Posted on 01/05/2024

Hong Kong lashed with nearly 10,000 lightning strikes overnight

Hong Kong was lashed by nearly 10,000 cloud-to-ground lightning strikes from Tuesday night to Wednesday morning, according to data from the city’s weather observatory. The Chinese city is accustomed ...

Posted on 01/05/2024

Green buildings: Hong Kong needs ‘revolution’ in materials, cull of old ‘carbon-hog’ structures, says David Gottfried

City must encourage retrofitting or replacement of old ‘carbon-hog’ buildings and accelerate adoption of construction materials with lower ‘embodied’ carbon, says World Green Building Council founder ...

Posted on 01/05/2024

China Keeps Shooting Itself in the Foot in Hong Kong

China's suppression of civil liberties in Hong Kong under cover of national security poses a threat to its own economic interests.

Posted on 01/05/2024

HSBC, StanChart, DBS tap Golden Week visitors drawn to Hong Kong’s cash-for-residency scheme

“Customers are particularly interested in residency or investment opportunities in the city,” said Winnie Ng, head of distribution sales management, wealth and personal banking at the Hong Kong office ...

Posted on 01/05/2024

Hong Kong’s low-paid workers find little to celebrate about as new minimum wage formula gets nod

Thirteen years after statutory minimum wage introduced, a new formula that bars any rate cuts in future has been approved.

Posted on 01/05/2024

Ultra athlete Mayank Vaid, who tried to swim around Hong Kong twice in a day, eyes Double Arch 2 Arc Triathlon first

Hong Kong lawyer Mayank Vaid once held the record for the Enduroman Arch 2 Arc and in August will become the first person to attempt double that race.

Posted on 01/05/2024

Call for Hong Kong government to offer better job support for young people belonging to ethnic minorities

KELY Support Group says schools should provide more career support and companies can benefit from diverse cultural background and talent.

Posted on 01/05/2024

Global talents to enhance Hong Kong’s competitiveness: HKSAR chief executive

John Lee, chief executive of the Hong Kong Special Administrative Region (HKSAR), said on Tuesday that attracting global talents to Hong Kong will directly enhance Hong Kong's competitiveness and drive the city's economic development.

Posted on 01/05/2024

Hang Seng Bank floats Q1 dividend of HK$1.2 per share

The payment date is set for 6 June. Hang Seng Bank has announced a first interim dividend of HK$1.2 per share for Q1 2024. The payment date has been set for 6 June, the Hong Kong-baesd bank said in an ...

Posted on 01/05/2024

Hong Kong court overturns convictions of broker and 3 executives in alleged scheme to defraud Convoy of HK$51 million

Court of Appeal clears three executives of two charges of conspiracy to defraud and quashes conviction of fourth defendant.

Posted on 01/05/2024

Bitcoin price plunges below $60K following Hong Kong ETF launch

The launch of bitcoin and ether ETFs in Hong Kong was met with underwhelming interest and the bitcoin price fell shortly afterward.

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