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Category: BUSINESS

Posted on 31/01/2023

Asian Financial Forum ushers cooperation between Hong Kong investors and Philippine startups, businesses

Hong Kong’s Asian Financial Forum (AFF) concluded with a positive outlook, heralding more business opportunities and investments for Southeast Asian markets, the Philippines included.

Posted on 31/01/2023

Hong Kong’s Exchange Fund posts record US$25.8 billion loss after an ‘exceptionally volatile’ year, HKMA says

The loss far surpasses the previous worst annual decline of US$9.6 billion in 2008 for the war chest that defends the Hong Kong dollar from attacks by short-sellers.

Posted on 30/01/2023

Hong Kong’s recovery gets off to a solid start in 2023

VCG. Hong Kong's economic recovery has got off to a solid start with the reopening of the border with the Chinese mainland and adjustment of COVID-19 response. A ...

Posted on 30/01/2023

Hong Kong Exchange Fund reports worst year on record in 2022 as it lost US$25.8 billion amid ‘perfect storm’, HKMA says

The loss far surpasses the previous worst annual decline of US$9.6 billion in 2008 for the war chest that defends the Hong Kong dollar from attacks by short-sellers.

Posted on 30/01/2023

Unit of Hong Kong’s MTR launches start-up incubator with aim of reaching carbon neutrality by 2050

MTR Lab hopes to create an ecosystem for experimentation, not only in Hong Kong, but all around the globe within MTR's business scope, executive says The Co+Lab Initiative platform will seek out early ...

Posted on 30/01/2023

Is football betting cheaper to run than horse racing? Top Hong Kong government adviser says Jockey Club overreacting to proposed tax raise

A top Hong Kong government adviser has said the Jockey Club had overreacted to her party’s proposal to raise the football betting tax, stressing that she believes unlike horse racing, operations for ...

Posted on 29/01/2023

Hong Kong start-up Archireef expands into Abu Dhabi with launch of eco-engineering facility to save marine ecosystems

Archireef's facility launched in December in Abu Dhabi can produce five 3D-printed reef tiles a day and it is also working on restoring marine ecosystems in the city The reef tiles developed by ...

Posted on 29/01/2023

Hong Kong traders dump stocks of CBD products linked to cannabis ahead of February 1 ban

City authorities draw the line on cannabidiol, despite ongoing debate among experts on risks of abuse Some traders still selling remaining stocks of CBD products, which gained popularity in recent ...

Posted on 28/01/2023

US’ clumsy intervention in Hong Kong affairs doomed to failure: Chinese FM

BEIJING: The spokesperson for the Commissioner's Office of the Chinese Foreign Ministry in the Hong Kong Special Administrative Region (HKSAR) strongly disapproved and firmly rejected the US governmen ...

Posted on 28/01/2023

Vietnam will always remain a good business partner of Hong Kong, says top official

Vietnam is always a very good business partner of Hong Kong (China), and the two sides have maintained effective trade and investment ties over the past years, according to Hong Kong’s Secretary for ...

Posted on 28/01/2023

Hong Kong won’t be open for business till mask mandate is dropped

Readers discuss the city's mask mandate, and a country's decision to ban arrivals from China I am writing in response to the letter, "Why Hong Kong should not go maskless with abandon" (January 21).

Posted on 28/01/2023

Hong Kong will ban ‘dangerous drug’ CBD next month

The ban is in keeping with a zero-tolerance policy toward drugs in Hong Kong, a semi-autonomous southern Chinese business hub, as well as on mainland China, where CBD was banned in 2022. Chinese ...

Posted on 27/01/2023

Hong Kong labels CBD a ‘dangerous drug, plans ban and penalties including life in prison for possession, smuggling

Hong Kong will ban CBD starting Wednesday, categorizing it as a “dangerous drug” and mandating harsh penalties for its smuggling, production and possession, customs authorities announced Friday.

Posted on 27/01/2023

Nothing will stop the China travel tide, says McKinsey

The findings of a new McKinsey&Company report which examines China’s travel rebound following the country’s lifting of travel restrictions reveals that while travel from China will not pick up as ...

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