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Category: BUSINESS

Posted on 12/03/2024

Hong Kong stocks rise to their highest this year as buy-back hopes propel market

Hong Kong stocks were lifted by hopes more companies could launch share buy-backs to take advantage of the current market valuations.

Posted on 12/03/2024

SoftBank-Backed Used-Car Startup Carro Drives Into Hong Kong With Acquisition

Carro, a Singapore-based online used-car marketplace, has expanded into Hong Kong with the acquisition of a local smaller peer to bet on the city’s growing electric vehicle adoption. Carro announced ...

Posted on 12/03/2024

Hong Kong’s Central Bank Starts Regulatory Sandbox for Stablecoin Issuers

The regulator invited applicants with a "genuine interest in developing a stablecoin issuance business" to join the sandbox.

Posted on 12/03/2024

China’s crackdown is damaging Hong Kong’s economy

The Chinese city is set to widen a Beijing-imposed security law that could cause more multinationals to flee. Is Hong Kong's role as a gateway to China over?

Posted on 12/03/2024

Over 70 Hopeful Startups Primed for Hong Kong Mega Event of EPiC 2024 Grand Finale

With the final stop of semi-final contest at Stuttgart, four-city world semi-final series for EPiC 2024 global pitching contest completed and over 70 semi-finalists were selected“Best-of-the-best” ...

Posted on 12/03/2024

Smart mobility transformation of Hong Kong’s transportation system is on track

With robust backing by the Hong Kong Government, the city is set to transform its transportation system and promote overall sustainability by adopting innovative technologies.

Posted on 12/03/2024

Exclusive-Chinese Premier Li to skip meeting with global CEOs at key business summit

Chinese Premier Li Qiang does not intend to hold a meeting with visiting foreign CEOs at the upcoming China Development Forum (CDF) in late March, three sources briefed on the matter said, raising ...

Posted on 12/03/2024

2 reasons Hong Kong should rethink its massive technopole plan

Readers discuss Hong Kong's plans for an information and technology zone at the northern border, the proposed monthly firework displays, crowds on a bus route popular with tourists, and the need for a ...

Posted on 12/03/2024

Alibaba’s Media Arm to Invest $640 Million in Hong Kong Entertainment

Alibaba Group’s media and entertainment arm will invest in movies, television dramas and creative events in Hong Kong over the next five years.

Posted on 12/03/2024

In Hong Kong, companies do not know what to worry about or why

In Hong Kong, a city that is adapting to life under a Beijing-imposed national security law and introducing its own version of it, global companies are bringing in practical barriers to doing business ...

Posted on 12/03/2024

Hong Kong’s exhibition centre nears pre-Covid numbers as trade fairs return from Singapore and new crypto event signs on

The number of events in the second half of 2023 hit 84 per cent of the pre-pandemic level and is on track to match it this year, top executive says.

Posted on 12/03/2024

Hong Kong private CUHK Medical Centre posts higher-than-expected annual loss of HK$734 million

Private hospital records annual loss of about 30 per cent more than HK$564 million initially forecast under loan renegotiation.

Posted on 12/03/2024

Accelerating Hong Kong’s next wave of innovation

HKTDC’s Start-up Express International is a pitching contest open to global entrepreneurs that hone their skills, connect them with partners and investors, and boost their global visibility ...

Posted on 12/03/2024

Hong Kong’s SFC proposes slashing Stock Connect threshold by 80 per cent to draw mainland funds to city’s market

The minimum asset requirement for investing in Hong Kong equities via the Stock Connect scheme should be cut to 100,000 yuan (US$13,900) from 500,000 yuan, SFC chairman Tim Lui says.

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