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Category: BUSINESS

Posted on 10/10/2022

Hong Kong’s property market is the most volatile in the world — by far, says investment firm

Peter Churchouse of Portwood Capital says expect continued weakness in the Hong Kong property market as the "very negative sentiment" will probably continue over the next six to 12 months. ( read original story ...)

Posted on 10/10/2022

US Warns Hong Kong To Not Be ‘Haven’ for Sanctioned Russians

The US warned Hong Kong that assisting sanctioned individuals could threaten its status as a financial hub, after a megayacht linked to one of Russia’s richest men docked in the city’s harbor. Most ... ( read original story ...)

Posted on 10/10/2022

Russian superyacht in Hong Kong: Beijing and Washington cross swords over vessel, as Chinese government accuses US of ‘smearing city’

The Russian-flagged Nord, believed to be owned by steel tycoon Alexei Mordashov, arrived in Hong Kong waters on Wednesday. ( read original story ...)

Posted on 09/10/2022

Hong Kong’s axed quarantine brings no joy for China-focused business

Hong Kong's move to axe its hotel quarantine won applause from the city's battered aviation sector, but scores of other struggling businesses are pinning their hopes on cracking open a still-closed ... ( read original story ...)

Posted on 09/10/2022

A Russian oligarch’s $500M mega yacht is roiling U.S.-Hong Kong relations

Alexey Mordashov’s ‘Nord’ mega yacht avoided seizure this spring—and is now docked in Hong Kong undisturbed by authorities. ( read original story ...)

Posted on 08/10/2022

US warned Hong Kong against providing a ‘safe haven’ for sanctioned oligarchs after a $500 million superyacht docked in the city’s harbor

A US state department spokesperson told the FT Hong Kong's harboring of the sanctioned yacht called into question its business environment. ( read original story ...)

Posted on 08/10/2022

Superyacht linked to Russian billionaire mysteriously shows up in Hong Kong

By Michelle Toh, CNN A megayacht linked to a sanctioned Russian oligarch has dropped anchor in Hong Kong, amid efforts by the West to seize the luxury assets of Russian elites in allied ports as the ... ( read original story ...)

Posted on 07/10/2022

Sanctioned Russian billionaire’s $500 million superyacht leaves Russia after 7 months to sail to Hong Kong

Nord, owned by Russia's third-richest person Alexei Mordashov, was anchored in Russia until September 28 when it set sail for Hong Kong. ( read original story ...)

Posted on 07/10/2022

Yacht owned by sanctioned Russian tycoon docks in Hong Kong

A superyacht connected to Russian tycoon Alexey Mordashov has anchored in Hong Kong this week amid moves by Western governments to seize yachts connected to sanctioned Russian businessmen. ( read original story ...)

Posted on 07/10/2022

Hong Kong Plans to Fly in 500,000 Tourists for Free

Two years after imposing restrictions that limited arrivals exclusively to residents, Hong Kong finally announced an easing at the end of September. Within hours of the announcement, the Cathay ... ( read original story ...)

Posted on 07/10/2022

‘Business travellers to be targeted in Hong Kong’s airline ticket giveaway’

Business travellers are expected to be among the groups targeted in Hong Kong’s plan to give away 500,000 airline tickets to lure tourists, industry leaders have said, while urging authorities to ... ( read original story ...)

Posted on 06/10/2022

Hong Kong gov’t urged to help ice factory, businesses and residents hit by housing plan

Self-proclaimed non-establishment party Third Side has urged the Hong Kong government to help rehouse businesses and villagers who will be displaced by a proposed public housing development in Tuen ... ( read original story ...)

Posted on 06/10/2022

First Mover Asia: BitMEX Shift From Hong Kong Reflects the Toll of Stringent Covid Policies; Bitcoin Trades Sideways Amid Energy, Employment Concerns

The crypto exchange leased out a full floor of the prestigious Cheung Kong Center in 2018 but now relies increasingly on remote work. BitMEX’s largest office is now in Singapore. ( read original story ...)

Posted on 06/10/2022

Hong Kong to give away 500,000 airline tickets next year as part of global campaign to revive tourism

Chief Executive John Lee Ka-chiu is already under pressure from business groups and industry leaders to provide a road map outlining Hong Kong’s return to normality, including the lifting of all entry ... ( read original story ...)

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