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Category: BUSINESS

Posted on 08/07/2024

Hong Kong financial secretary hails city’s capital market, refutes fund exodus concerns

VCG. Paul Chan Mo-po, Financial Secretary of the Hong Kong Special Administrative Region, said on Sunday that Hong Kong’s asset and wealth managemen ...

Posted on 07/07/2024

No fears of ‘exodus’ as Hong Kong handles HK$31 trillion in assets in 2023: Paul Chan

Citing a Securities and Futures Commission (SFC) report to be published later this month, Chan maintained Hong Kong’s asset and wealth management business remained resilient in 2023. Total assets ...

Posted on 07/07/2024

Finance chief urges Cathay Pacific Airways to raise service quality to boost Hong Kong’s aviation hub status

The financial secretary said he also expected more business exchanges and closer ties between Hong Kong and the Middle East after Cathay relaunched a direct flight to the capital Riyadh in October.

Posted on 07/07/2024

Hong Kong students struggle to spot real jobs among bogus ones amid rise in scams

University students say they are getting too many messages on social media offering fast cash jobs with no prior experience or higher education needed Third-year university student Samra Zulfaqar kept ...

Posted on 07/07/2024

Hong Kong’s cargo business is tethered to Chinese mainland, as GBA is projected to be a major growth lever

The future of air cargo business is tethered to the Chinese mainland as the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) in South China has been regarded as a key growth region in the coming years ...

Posted on 07/07/2024

Foreign law firms leaving Hong Kong will be ‘sorry’: ex-justice chief Teresa Cheng

Statistics by Law Society show 73 foreign law firms registered in Hong Kong in April, down 21 per cent from 92 four years ago.

Posted on 06/07/2024

He swam to Hong Kong after being jailed in China. Now his barrister son helps refugees

A refugee from mainland China who swam to Hong Kong at the third attempt tells Jason Wordie about getting caught, his ‘shocking’ prison experience, and his barrister son who helps asylum seekers.

Posted on 06/07/2024

DBS Unit Fined in Hong Kong for Anti-Money Laundering Breach

DBS Group Holdings Ltd. was fined HK$10 million ($1.28 million) by Hong Kong’s regulator for lapses in adhering to anti-money laundering and counter-terrorist financing regulations.

Posted on 05/07/2024

Hong Kong fines DBS US$1.28 million over breaching anti-money laundering rules

The Hong Kong unit of DBS Group Holdings, Singapore's biggest lender, was fined HK$10 million (US$1.28 million) by Hong Kong's banking regulator for violating anti-money laundering (AML) and ...

Posted on 05/07/2024

Amid Hong Kong’s deepening retail slump, location is king

HONG KONG – As a retail slump in Hong Kong deepens, business sentiments in non-prime shopping areas – particularly those in Kowloon and the New Territories – have been most adversely affected, data ...

Posted on 05/07/2024

Two arrested after 30 students used fake papers to enter top HK business school

Two women were arrested for allegedly forging documents after 30 master’s students were caught using fake qualifications to enter the University of Hong Kong (HKU) Business School, Hong Kong media ...

Posted on 05/07/2024

Hong Kong start-ups shine at China’s largest AI show amid city’s drive for Asian tech hub status

Artificial intelligence (AI) start-ups from Hong Kong grabbed some of the spotlight at the three ... AI-powered rescue drone start-up LifeSparrow, local LLM start-up Stellaris AI, data and indoor ...

Posted on 05/07/2024

Hong Kong retailers bank on duty-free quota hike but mainland visitors say prices still high

Duty-free shopping quotas for Chinese tourists in Hong Kong were raised on July 1. Read more at straitstimes.com.

Posted on 05/07/2024

Hong Kong Investor Relations Association Announces Winners of the 10th IR Awards 2024

HONG KONG, July 5, 2024 - (ACN Newswire) - The Hong Kong Investor Relations Association (“HKIRA”) today announced the winners of the 10th Investor Relations Awards 2024 (the “IR Awards” or the “Awards ...

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