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Category: BUSINESS

Posted on 23/02/2024

Bejiing’s top Hong Kong official Xia Baolong ‘confident’ about city’s ‘high-quality development,’ chief sec. says

Beijing’s top official for Hong Kong affairs is “very confident” about the city’s “high-quality development,” Chief Secretary Eric Chan has said as the politician began his week-long Hong Kong visit.

Posted on 23/02/2024

Green tech: How a Hong Kong start-up’s use of recycled plastic is drowning out noise in the construction industry

Acoustic Metamaterials Group, a smart materials and acoustics firm, aims to expand the use of recycled plastic in construction to lower the industry’s carbon footprint and reduce noise pollution.

Posted on 23/02/2024

Hong Kong event organisers urge government to expand types of shows it promotes abroad, enhance subsidies for MICE sector

Hong Kong should promote, preserve its uniqueness to attract tourists: experts But he added that business travellers, who were high-end customers that stayed in luxury hotels and dined at top ...

Posted on 23/02/2024

Fur and fury: Hong Kong animal rights activists protest against trade show, calling for end to industry despite assurances from fair organiser

A dozen activists assemble outside Convention and Exhibition Centre on first day of Hong Kong International Fur Fair, with three protesters posing as animals in cages.

Posted on 22/02/2024

Hong Kong developers Sino Land, Hysan expect last year’s ‘uncertainties’ to loom over city’s property sector this year as well

Hong Kong developers urge government to remove all property cooling ... The office, retail and residential segments of Hysan’s business were down between 6.7 per cent and 7.2 per cent for the year, ...

Posted on 22/02/2024

Multinationals Pick Singapore Over Hong Kong for Asian Headquarters

The city state hosted regional headquarters for 4,200 multinational firms in 2023, extending its lead and dwarfing the 1,336 found in Hong Kong, its main rival, according to a Bloomberg Intelligence ...

Posted on 22/02/2024

Xia Baolong, top Beijing official overseeing Hong Kong affairs, arrives in city on 7-day fact-finding visit

Beijing’s top official overseeing Hong Kong affairs arrived in the city on Thursday, kicking off a seven-day fact-finding visit with an airport tour followed by briefing sessions with senior ...

Posted on 22/02/2024

How Solina Chau Built A Billion-Dollar Fortune Riding Shotgun To Hong Kong’s Richest Man

One of the world’s most powerful women has racked up big returns with savvy investments in disruptive startups like Facebook, Zoom and energy drink company Celsius. In 2007, Hong Kong entrepreneur ...

Posted on 22/02/2024

Former Pro Poker Player Turned Billionaire Chow Shing Yuk Shows Winning Hand

See the full list here. Logistics and delivery giant Lalatech Holdings’ chairman Chow Shing Yuk, who debuts this year with a net worth of $1.9 billion, is a rare billionaire from Hong Kong’s startup ...

Posted on 22/02/2024

Hong Kong to close loophole allowing employers to avoid providing benefits to part-time workers

A labour regulation exploited by some firms in Hong Kong to avoid providing benefits to part-time staff will be revised after representatives of the city’s employers and employees reached a ...

Posted on 21/02/2024

Top Beijing official overseeing Hong Kong affairs to start 7-day trip to city on Thursday to gauge views on economic development, district governance

In the first two days of his trip, Xia is set to meet John Lee, principal officials and members of the Executive Council, a government insider says.

Posted on 21/02/2024

Cheap Chinese Goods Are Becoming a Costly Problem. Exhibit A: Hong Kong.

Shoppers are hopping across the border, where prices have dropped. Neighboring Asian countries could also be hit if Chinese companies dump their goods there among weak domestic demand.

Posted on 21/02/2024

Hong Kong market jumps in a mixed day for Asia-Pacific stocks; Japan business sentiment sours

Asia-Pacific markets traded mixed following Wall Street losses Wednesday, while investors assessed Japan's trade data and souring business sentiment among large manufacturers. Hong Kong's Hang Seng ...

Posted on 21/02/2024

Hong Kong finance manager loses HK$17.8 million after investing in gold and cryptocurrency via sham platform

A finance manager in Hong Kong has been scammed out of more than HK$17 million ... a person claiming to be from Singapore and who had previously been the victim’s business partner. They then continued ...

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