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Category: BUSINESS

Posted on 21/12/2023

Hong Kong launches ambitious plan to land family offices for the super-rich, but how does it stack up against competition for the lucrative market?

Secretary for Financial Services and the Treasury Christopher Hui says he is confident scheme a credible rival to Singapore's Global Investor Programme Government says scheme could bring in HK$120 ...

Posted on 21/12/2023

Text messages by 23 Hong Kong mobile service providers to carry ‘#’ prefix from next Thursday under anti-phishing drive

Office of the Communications Authority says first round of networks will be able to register numbers with watchdog and get hashtag to verify sender identities.

Posted on 21/12/2023

Rogue Hong Kong cabbies must get point of new law

Taxi drivers who give their colleagues and city a bad name face punishment under a demerit system that is sorely needed The meter is about to start running on taxi drivers who embarrass their ...

Posted on 20/12/2023

Hong Kong Stock Exchange: derivatives, ETF trading rise to offset slump in IPO, share markets, as ‘diversification efforts pay off’

Hong Kong Exchanges and Clearing (HKEX), which runs Asia’s third-largest stock market, reported strong growth in derivatives trading despite a big fall in new listings, in an indication that the ...

Posted on 20/12/2023

Hong Kong drops to 46th place in global freedom ranking, as think tanks cite China’s ‘increasing interference’

Hong Kong has dropped 17 places down a global freedom ranking published by overseasthink tanks, marking the second-steepest drop among all territories on the list behind Myanmar. The city saw ...

Posted on 20/12/2023

Hong Kong launches action plan to develop ports into leading international maritime centre

The action plan on maritime and port development strategy, unveiled by the Transport and Logistics Bureau on Wednesday, lays out key areas of focus, including developing Hong Kong as a green and smart ...

Posted on 20/12/2023

Alibaba drives stock rebound in Hong Kong on leadership revamp while overnight rally in US equities buoys sentiment

Hong Kong stocks advanced as Alibaba Group surged after an internal leadership revamp to strengthen its e-commerce business and overcome competition. Traders also returned after a two-day slide, as an ...

Posted on 20/12/2023

Hong Kong to offer residency to wealthy for HK$30 million investment

HONG Kong is starting a programme next year that will give residency to people who invest HK$30 million (S$5.1 million) into the city as it steps up efforts to revive its status as a financial centre ...

Posted on 20/12/2023

Hong Kong to offer residency to wealthy for US$3.8mil investment

Hong Kong is starting a programme next year that will give residency to people who invest HK$30 million (US$3.8 million) into the city as it steps up efforts to revive its status as a financial centre ...

Posted on 20/12/2023

Hong Kong to Offer Residency to Wealthy for $3.8 Million Investment

Hong Kong is starting a program next year that will give residency to people who invest HK$30 million ($3.8 million) into the city as it steps up efforts to revive its status as a financial center and ...

Posted on 20/12/2023

China’s Alibaba names CEO Eddie Wu to head its e-commerce business as its growth falters

China's Alibaba Group says its CEO Eddie Wu will head its core e-commerce business, as the company seeks to drive growth and fend off fast-growing online shopping rivals like Pinduoduo ...

Posted on 20/12/2023

9 million travellers expected to pass through Hong Kong over festive season, as authorities and retailers prepare raft of discounts, sweeteners

Immigration Department says more than 83 per cent of expected 9.03 million likely to use city's land-based crossing points over Christmas, New Year breaks Tourism Board and local retailers prepare ...

Posted on 20/12/2023

Hong Kong stocks jump as Alibaba surges on leadership revamp while overnight rally in US equities buoys sentiment

Alibaba Group rose to the highest level since November 28 after a leadership revamp to overcome intensifying rivalry in e-commerce business Overnight rally in US equities is also lifting sentiment as ...

Posted on 20/12/2023

Zinc-galvanising specialist constantly innovates for enhanced product quality and contributes to Hong Kong’s carbon neutrality goal

Co Ltd has solidified its position as a market leader by prioritising innovation that enhances the quality of rust-proof steel structural parts for buildings and promotes eco-friendly manufacturing ...

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