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Category: BUSINESS

Posted on 03/08/2024

Inside the legal drama embroiling a California startup that grossed billions selling COVID-19 tests

A script for a biopic called “Overnight Billionaire” recounts the life of Charles Huang, a Chinese villager who overcomes long odds to become a Hong Kong corporate analyst. A TV host says to the ...

Posted on 02/08/2024

Hong Kong slams ‘misleading’ Forbes article calling city’s economy ‘risky’

City authorities reject ‘misleading’ article which cites report by ’anti-China’ Committee for Freedom in Hong Kong Foundation.

Posted on 01/08/2024

Hong Kong’s Largest Online Broker Launched Bitcoin Trading

Hong Kong's largest online brokerage Futu has launched retail Bitcoin trading on its platform. The move comes as the city aims to establish itself as a Bitcoin and crypto hub.

Posted on 01/08/2024

Hong Kong retail sales fall 9.7% in June, marking fourth straight decline despite expanded travel scheme

Hong Kong’s retail sales in June declined 9.7 per cent from a year ago, the fourth consecutive monthly contraction amid a trend of residents heading across the border to spend and despite the expansion of a solo traveller scheme to boost inbound tourism.

Posted on 01/08/2024

John Lee hails Hong Kong-Vietnam ‘synergy’ after 30 deals signed covering business, aviation

Hong Kong’s leader has hailed the city’s “great synergy” with Vietnam as he announced the signing of 30 agreements covering business and aviation with its seventh largest trading partner, bringing the tally of deals in his three-nation trip to 55.

Posted on 01/08/2024

Hong Kong court adjourns China developer Shimao’s liquidation petition

Embattled Chinese property developer Shimao Group said on Wednesday a Hong Kong court had adjourned until Aug. 12 a liquidation hearing against the company, allowing it more time to work with creditors on a revised restructuring proposal.

Posted on 01/08/2024

Why Hong Kong’s Gen Z and millennial workers want to quit their jobs

Over 40 per cent of workers from these two generations often think about leaving their job, but 80 per cent believe financial preparedness would help them cope better, survey shows.

Posted on 31/07/2024

Feature: Burnishing its economic credentials, Hong Kong appeals to more people with growing vitality

"Hong Kong remains to be one of the world's most open and competitive economies and continues to gain trust from foreign companies," Algernon Yau, secretary for commerce and economic development of ...

Posted on 31/07/2024

Outback Steakhouse to close 9 restaurants in Hong Kong

The steak chain will still have 10 outlets in the key market, which has been slow to bounce back from the pandemic.

Posted on 31/07/2024

UK private school exodus expected on higher VAT, but experts say Hong Kong families unfazed

Consultants add the VAT roll-out is likely to be charged in phases and schools may not pass on all the tax burden to parents.

Posted on 31/07/2024

Hong Kong stocks tumble as Politburo balm fails to soothe, Hang Lung dives post-earnings

Hong Kong stocks were on the back foot ahead of a crucial manufacturing data announcement, Hang Lung Properties collapsing after it reported lower profits and cut dividends.

Posted on 30/07/2024

Sotheby’s launches multi-use space in Hong Kong’s business district

The 24,000 sq. ft location in the city’s Landmark Chater building will host exhibitions as well as a concept store—currently featuring Banksy’s famed shredded Girl with a Balloon ...

Posted on 30/07/2024

Hong Kong: Super-connecting New Pathways to Success with Laos

HONG KONG SAR - Media OutReach Newswire - 30 July 2024 - Hong Kong is exploring new pathways to business success with the Association of Southeast Asian Nations (ASEAN), including ...

Posted on 30/07/2024

A Hong Kong businessman, Lo Kai Bong, is trying to lift Ukrainian sanctions to avoid restrictions in the EU and the USA, – Kulyk

Little-known to the general public in Ukraine, millionaire Andrew Lo Kai Bong, a citizen of Hong Kong, is attempting to lift Ukrainian sanctions against ...

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