Henry Cheng, one of Asia's richest men, has promoted his fourth child Christopher Cheng to the senior family office role.
Hong Kong – Severe Weather Trading On HKEX – Key Issues For Fund Managers.
On 18 June 2024, the Securities and Futures Commission (SFC) issued a circular on the updated arrangements concerning severe weather trading (SWT) on the Hong Kong securities and derivatives markets.
Hong Kong’s insurance premiums climb 5.1% YoY in H1 2024
Both long-term and general business recorded YoY growths. Hong Kong's insurance industry recorded a 5.1% year-on-year (YoY) increase in total gross premiums for the first half of 2024 (H1 2024), ...
Property crisis hits Hong Kong: New World Development reports $2.6 billion loss
Has China’s property crunch infected Hong Kong’s huge sector, or are the problems at Star Entertainment Group adding to the woes of a major business family in the former UK colony?
Hong Kong Billionaire Henry Cheng’s Family Office Names Son Christopher As Co-CEO
It reportedly has an asset under management of more than $100 billion, according to HOY TV, a Hong Kong broadcaster controlled by Henry. “I am glad that my work in various areas of the family’s business, including Chow Tai Fook Enterprises, has been ...
DP World completes acquisition of Hong Kong-based supply chain provider
Dubai-based ports operator DP World has completed the acquisition of Cargo Services Far East, a Hong Kong-based supply chain provider, as part of its efforts to bolster its integrated logistics business.
Hong Kong’s fashion tech start-up raises funds, eyes mainland, South Korea growth markets
Fashion tech start-up to get a strategic investment partner to help fund its expansion plan. Money will be used to add more features and enhancements to its AiDA software, CEO Kim Wong says.
Snack food producer Four Seas snaps up Hong Kong office space as bargains lure buyers
Hong Kong’s depressed property prices are tempting buyers. Four Seas returns to the market after selling its office and warehouse in 2017, suggesting the slump may be ending.
Hong Kong retail rental relief needed as sector remains sluggish, expert warns
Industry leader Annie Tse calls for a 30 per cent reduction in rents, saying downward trend will continue to year end or even early 2025 Hong Kong's retail sector is expected to remain bleak through ...
Hong Kong students should sing national anthem ‘with emotion’, says education chief
Hong Kong students should sing the national anthem “with emotion ... The bureau in April projected the number of six-year-olds expected to start Primary One would drop from 49,600 this year to 31,500 ...
Shares in Hong Kong’s New World Development plunge after $2.6 bln loss estimate
Shares of New World Development , a major Hong Kong property developer, plunged 14% after it estimated a net loss of as much as HK$20 billion ($2.6 billion) for the financial year ended in June.
Kam Lun Tailors weaves 60 years of history in its school uniforms for Hong Kong pupils
From the 1950s to the 1970s, Hong Kong saw a surge in immigration; with it came a growing demand for school uniforms. It was this trend that spurred Paul to leave his job at a larger uniform company ...
Deep Dive: Scams are increasing in Hong Kong, but the law can’t keep up
“Hong Kong is lagging in enacting laws to fight scams,” said ... They may pose as a legitimate business or a government body to win a victim’s trust. These scams are called “authorised” because they ...
Deep Dive: Scams on the rise in Hong Kong thanks to technology and lack of regulations
Hong Kong students hit with employment scams as fake job listings ... They may pose as a legitimate business or a government body to win a victim’s trust. These scams are called “authorised” because ...