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Category: BUSINESS

Posted on 26/05/2023

Importing workers to ease Hong Kong’s labour crunch will not improve salary, welfare for locals, unions warn

Workers’ groups from sectors said to be target of new scheme, such as construction, aviation and transport, renew opposition ahead of decision by authorities.

Posted on 26/05/2023

Zara uses recycling tech from start-up backed by Mount Nicholson co-developer Nan Fung

Nan Fung is a joint developer of Mount Nicholson on The Peak, one of the most expensive property projects in Hong Kong and Asia. The clothing range relies on a technology from US-based ...

Posted on 26/05/2023

China aviation: is Shenzhen stealing Hong Kong’s thunder as a go-to economic and travel hub?

As China’s Shenzhen looks to strengthen its economic foothold in the Greater Bay Area, Bao’an International Airport claims bragging rights as the world’s most beautiful airport, despite far fewer ...

Posted on 26/05/2023

Flight risk: first, Cathay Pacific’s rude cabin crew, now its pilots. Why are staff at Hong Kong’s flag carrier so unhappy?

Staff at Hong Kong’s flag carrier Cathay Pacific keep hitting the headlines for all the wrong reasons. Over the past few days, the airline has been embroiled in a widening scandal as its crew were ...

Posted on 26/05/2023

Stephenson Harwood Adds Corporate Partner In Hong Kong From Top Chinese Law Firm

Justin Ma is admitted as a solicitor in both Hong Kong and Australia, and focuses on the mainland China market.

Posted on 26/05/2023

Milk made in Hong Kong? University rolls out only drink of its kind in city, hopes to reach some supermarkets in future

A university in Hong Kong began selling the city’s only locally produced milk on its campus on Thursday, while expressing hopes that its products would soon hit some supermarket shelves.

Posted on 25/05/2023

HKeToll: Hong Kong’s Lion Rock Tunnel to start electronic payments on Sunday, but officials admit there will be no immediate cut in congestion

Commissioner for Transport says as drivers become used to system, vehicles will move faster through tunnel HKeToll to go live at 5am on Sunday and officials warn of temporary closure of tunnel in ...

Posted on 25/05/2023

Hong Kong is world’s most crypto-ready jurisdiction, new study claims

Hong Kong is the most crypto-ready jurisdiction in the world, based on the number of blockchain startups per 100,000 people and the number of crypto ATMs proportional to the population, according to a ...

Posted on 25/05/2023

Crypto startup obtains broker-dealer license to operate legally

According to rules established by the US Securities and Exchange Commission (SEC), the first special purpose broker-dealer license has been granted, allowing a cryptocurrency firm ...

Posted on 25/05/2023

Hong Kong throws open the doors to cryptocurrency even as debate rages on whether it’s a security or commodity

China banned cryptocurrency trading in 2021 and Hong Kong turned frosty on the industry as a result, even though it was home to several early cryptocurrency businesses, including the now-bankrupt FTX.

Posted on 25/05/2023

Capital Markets: Hong Kong poised to make strong recovery

Since its borders reopened in January, Hong Kong has been focused on re-establishing itself as a prominent business hub and a connector between mainland China and the global financial community. This ...

Posted on 24/05/2023

ByteDance founder Zhang Yiming to fund tech startups

Persons familiar with the matter told Jiemian News the fund will focus on investing in novel tech startups. In May 2021, Zhang stepped down as CEO of ByteDance and passed on the position to his old ...

Posted on 24/05/2023

Hong Kong’s Cathay Pacific sacks crew members accused of discriminating against non-English speakers

Hong Kong’s Cathay Pacific Airways has dismissed three cabin crew members after a passenger accused them of discriminating against non-English speakers, in a case that drew criticism from Chinese stat ...

Posted on 23/05/2023

Hong Kong retail investors to start trading major cryptocurrency tokens from June 1 as new virtual-assets regime kicks off

Platforms can start to apply for a licence on June 1, while those "who do not plan to do so should proceed to an orderly closure of their business in Hong Kong", the SFC said in a statement on Tuesday ...

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