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Category: BUSINESS

Posted on 06/11/2023

CIIE 2023: Hong Kong leader John Lee pursues stronger economic ties with Shanghai, saying the two cities complement each other

Hong Kong Chief Executive John Lee Ka-chiu has urged the strengthening ... It was the latest sign that Beijing was trying to improve business ties with its major trading partners. The US sent its ...

Posted on 05/11/2023

Hong Kong fintech player aims to end cash-only taxis with payment platform accepting Visa, Mastercard, Alipay, UnionPay

Wonder, a subsidiary of Bindo Labs, is determined to put its system, which accepts forms of payment including Visa, Mastercard, Alipay and UnionPay, into 10,000 taxis in a year’s time.

Posted on 05/11/2023

New generation of mainland Chinese restaurateurs eye Hong Kong as ‘stepping stone’ to go international

Within 30 minutes of departing from Shenzhen railway station in mid-October, Feng Guo-hua had arrived in Hong Kong to check out his new restaurant in the centre of Kowloon. A veteran of mainland China ...

Posted on 05/11/2023

Hong Kong retail landlords look for concepts to transform shopping amid low foot traffic as Shenzhen malls lure locals

Facing low foot traffic and a surge in cross-border shopping, New World Development and Nan Fung Development are among the landlords experimenting with new concepts to catalyse a rebound.

Posted on 05/11/2023

At an economic crossroads, Hong Kong needs a proactive strategy

Hong Kong is at an economic crossroads ... Asia also receives the largest share of global investment – 44 per cent, according to McKinsey Global Institute. China’s economy is crawling back up on a ...

Posted on 04/11/2023

Greater Bay Airlines to launch Manila-Hong Kong flights on Nov. 8

Hong Kong-based carrier Greater Bay Airlines (GBA) is launching flights between Manila and Hong Kong. In a news release, GBA said its Manila-Hong Kong will operate five times a week, starting November ...

Posted on 04/11/2023

US$2,500 cash handout to new parents in Hong Kong will not truly foster a baby boom – it’s like a guilty mum or dad spoiling a child

The government needs to adopt a more comprehensive approach that goes far beyond the promised US$2,500 cash handout to new parents if it wants to truly foster a baby boom in Hong Kong.

Posted on 03/11/2023

Foreign firms will boost Hong Kong only if local industries benefit

For a 'headquarters economy' to work, foreign corporations must be encouraged to connect with local industry and local talent, and strengthen the local supply chain Hong Kong's true competitiveness ...

Posted on 03/11/2023

Hong Kong’s third richest family set to complete NWS takeover deal after New World Development shareholders approve

Buyout by family led by billionaire Henry Cheng will see New World Development receive HK$21.75 billion (US$2.8 billion) to ease its debt burden and pay a special dividend of about HK$4 billion.

Posted on 03/11/2023

Hong Kong set to co-host Asia’s first ‘Gay Games,’ despite some opposition

Hong Kong is set to co-host the first Gay Games in Asia with about ... Michael Dorgan is a writer for Fox News Digital and Fox Business. You can send tips to michael.dorgan@fox.com and follow him on ...

Posted on 03/11/2023

InvestHK helps Happy Lamb Hot Pot’s expansion plans as Hong Kong restaurants whet appetites of diners

Success of its outlets in Causeway Bay and Mong Kong – which cater to more than 300,000 customers a year – serves as ‘benchmark’ for growth in city and beyond.

Posted on 03/11/2023

Asian LGBTQ+ Rights: Hong Kong gears up for first Gay Games amid backlash

Hong Kong does not permit same-sex marriage and there is no law against discrimination based on sexual orientation or gender identity ...

Posted on 03/11/2023

Sanctioned Hong Kong leader John Lee did get a ‘personal invite’ to Apec but will his absence spare city from cross hairs of US-China tensions?

Exco convenor Regina Ip says arrangement ensures Hong Kong has a seat at the leaders’ meeting without drawing reference again to all the stigma attached to the sanctions.

Posted on 02/11/2023

Hong Kong investment firm ZQ Capital buys Popular bookstore chain for undisclosed sum: Zaobao

SINGAPORE - The Popular bookstore chain has been acquired by a Hong Kong investment company for an undisclosed sum, Chinese newspaper Lianhe Zaobao reported on Thursday. Read more at straitstimes.com.

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