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Category: BUSINESS

Posted on 01/01/2024

Hong Kong CEOs plan to tap wealth management, ESG opportunities in Greater Bay Area in 2024, survey finds

Hong Kong’s business community is set to turbocharge plans to capitalise on the city’s initiatives to be one of the world’s top wealth centres and talent hubs, while eyeing growth in the wider bay ...

Posted on 01/01/2024

Hong Kong must return to fiscal prudence in 2024

The city needs more than optimism and vibes to get through the challenges of a slowing economy, growing deficit and shrinking reserves The outlook requires cautious optimism and a heavy dose of ...

Posted on 01/01/2024

China’s electric car companies are flocking to Hong Kong

Companies involved in China’s electric car industry are setting up shop in Hong Kong to leverage the city’s financial system for their global expansion, investing over US$1bil so far and creating ...

Posted on 31/12/2023

Hong Kong may welcome more top European, US and Asian innovators early next year, technology minister says

Technology minister Sun Dong says government goal of luring 100 top enterprises to Hong Kong in five-year window proving 'immensely challenging' 'We have recently been in discussions with several ...

Posted on 31/12/2023

Hong Kong’s Christmas box office takings slump to 20-year low amid ‘unattractive’ movie line-up, surge in travel demand

Cinema industry chiefs say local box office takings reached HK$19.6 million from December 24 to 26, a drop of about 40 per cent from same period year before 'The business of the film and cinema ...

Posted on 31/12/2023

Hong Kong to finish 2023 with warmest New Year’s Eve on record at 25.7 degrees, as weather forecaster predicts windy start to 2024

Hong Kong will finish 2023 with its warmest New Year’s Eve on record at 25.7 degrees Celsius (78.3 Fahrenheit) as of 1pm on Sunday, while the city’s weather forecaster has told residents to expect a ...

Posted on 31/12/2023

Hong Kong’s luxury retail sector likely to regain ground lost to protests, pandemic in 2024 as high-end brands make a return

Hong Kong’s luxury retail market is likely to regain some lost ground in 2024, say observers, as high-end brands return after an exodus sparked by 2019’s street protests and three years of pandemic ...

Posted on 31/12/2023

Hong Kong politics in 2023: major trials, HK$1 million bounties on fugitives and an election with record-low turnout

Hong Kong started 2023 with news of a high-profile trial of 47 opposition politicians accused of subversion for being involved in an unofficial primary election and closed the year with another ...

Posted on 30/12/2023

Hong Kong authorities hit back at claims of ‘continuous attacks’ on press freedom after 24 countries sign statement accusing city of curbing media

City authorities say statement from Media Freedom Coalition distorts facts and unreasonably smears government's efforts to safeguard press freedom Statement was signed by the United States, the United ...

Posted on 30/12/2023

China’s EV companies head to Hong Kong, where the money flows free

China’s ever-growing electric vehicle industry is setting up shop in Hong Kong to leverage the city’s financial system for global expansion, Bloomberg reports.

Posted on 29/12/2023

U.S. wants to contain China’s chip industry. This startup shows it won’t be easy

WASHINGTON–Last year, a veteran Silicon Valley software executive took the helm of a startup in his native China, company records show. The startup told potential investors it would sell microchip ...

Posted on 29/12/2023

How Hong Kong carbon-capture firm CS Tech will help construction industry lower its emissions

The firm is working to not only capture emissions on site from chimneys in Hong Kong, but also to permanently store carbon in construction materials, co-founder and CEO Dixon Chan says CS Tech's first ...

Posted on 29/12/2023

Forever Cheer picks Hong Kong as gateway for global launch of pain management drugs with an eye on US$88.2 billion market

Forever Cheer Holding picks Hong Kong as the gateway for worldwide expansion with an eye on the US$88.2 billion global chronic pain management market whose size is seen near doubling by 2033.

Posted on 29/12/2023

Pro-democracy activist Tony Chung flees Hong Kong to seek asylum in UK

One of Hong Kong 's youngest pro-democracy activists has fled the city and formally applied for political asylum in the UK after completing his jail term. Tony Chung, 22, breached a supervision order ...

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