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Category: BUSINESS

Posted on 30/11/2023

Singapore ties with Zurich as world’s most expensive city to live while Hong Kong slips one spot to fifth in latest EIU study

The city state took pole position for the ninth time in 11 years while Hong Kong slipped one notch to rank fifth among 173 countries, according to a study by the Economist Intelligence Unit (EIU).

Posted on 30/11/2023

Mainland China and Hong Kong condemn US committee over bill that could lead to shutdown of city’s representative offices in country

"Do not start any trouble, do not cross the line, use solid action to return to the correct path of promoting mutual trust and cooperation between China and the United States, and give up on ...

Posted on 30/11/2023

Hong Kong Oct Retail Sales up 5.6%, Helped by Inbound Tourism

HONG KONG (Reuters) - The continued revival of inbound tourism helped Hong Kong's retail sales notch up an 11th consecutive month of growth in October, though it was the slowest pace since December ...

Posted on 30/11/2023

Hong Kong stocks set for worst monthly losing streak in a year as manufacturing in China shrinks more than expected

Local stocks are headed for a fourth month of drop after an official report shows Chinese manufacturing contracted more than expected, underscoring concerns about the nation’s economic recovery ...

Posted on 29/11/2023

Hong Kong stocks slide for fourth day as Meituan tumbles 11% to lowest since April 2020 on slowdown warning

Meituan slumps after warning about a slowdown in demand for its services this quarter, erasing most of the stock’s post-Covid advance. The Hang Seng Index is hanging onto a 0.7 per cent gain in ...

Posted on 29/11/2023

The biggest prosecution yet is underway in Hong Kong taking pro-democracy activists to trial

Some of Hong Kong’s best-known pro-democracy activists went on trial Monday in the biggest prosecution yet under a law imposed by China’s ruling Communist Party to crush dissent. View on euronews ...

Posted on 29/11/2023

Pension Withdrawals by Residents Leaving Hong Kong in Q3 up 1.7% on Year

HONG KONG (Reuters) - Residents leaving Hong Kong for good withdrew a total of HK$2.213 billion ($283.72 million) from their Mandatory Provident Fund (MPF) pension accounts in the third quarter of ...

Posted on 29/11/2023

Nearly 60 Hong Kong public sector households also own private homes, crackdown on cheats finds

Housing chief Rosanna Law says public sector households exposed as property owners after checks on 57,000 people in 25,000 homes.

Posted on 29/11/2023

StartmeupHK Festival showcases Hong Kong’s flourishing innovation and technology sector

Hong Kong’s dynamic start-up ecosystem continues to exhibit resilience, attracting innovative entrepreneurs and global capital. The city has not only fostered the growth of unicorns, but it is also ...

Posted on 29/11/2023

Trial of Apple Daily tycoon a ‘test’ for Hong Kong’s freedoms: son

The trial of Jimmy Lai, a pro-democracy media tycoon jailed for national security crimes, will serve as a "litmus test" for how China views the freedoms of semi-autonomous Hong Kong, his son told AFP ...

Posted on 29/11/2023

Hong Kong stocks slide for fourth day as Meituan tumbles 10% to lowest since April 2020 on slowdown warning

Hong Kong stocks fell for a fourth day, dragging the benchmark index to the lowest level in five weeks. China’s top food-delivery platform operator Meituan plunged after warning about a slowdown in ...

Posted on 29/11/2023

Hong Kong billionaire Cheng family’s succession under spotlight

It had been widely expected that Adrian Cheng, 44, would take over leadership of the family empire from his father ...

Posted on 29/11/2023

‘Helpless’: can Hong Kong logistics firms survive eviction? Uncertain future as government takes back New Territories brownfield sites

Hundreds of operators forced out of sites in New Territories to make way for development, but government only offering financial compensation, not relocation Push towards value-added logistics ...

Posted on 28/11/2023

Hong Kong looks to improve payment practices in construction sector with bill in works to fix cash-flow problems along supply chain

Industry stakeholders, including contractors, subcontractors, works consultants and suppliers, have long experienced payment problems, studies show.

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