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Posted on 26/01/2024

China is absorbing Hong Kong, as geography follows politics

The boundary between Hong Kong and China is dissolving as the governments in both places plan development projects that will accelerate integration.

Posted on 26/01/2024

Elon Musk’s AI start-up seeks to raise up to $6 billion – FT

Elon Musk's artificial intelligence start-up xAI is in talks to raise up to $6 billion from global investors, the Financial Times reported on Friday, citing multiple people familiar with the ...

Posted on 26/01/2024

Hong Kong media tycoon Jimmy Lai backed second Donald Trump term, told Apple Daily not to target then US president, court hears

Jimmy Lai believed then US president Donald Trump would take hardline approach on the mainland through imposing ‘large-scale sanctions’, prosecution witness says.

Posted on 26/01/2024

No Hong Kong lifeline for Macau horses as owners seek clarity on rehoming plan

Chief executive Winfried Engelbrecht-Bresges has quashed suggestions the Jockey Club could make a special dispensation to allow some Macau horses to continue their careers in Hong Kong. With racing in ...

Posted on 26/01/2024

China property: Evergrande’s Hengda unit to sell stake in Shantou project for US$19.4 million as Hong Kong court hearing nears

A unit of China Evergrande Group, the most indebted property developer in mainland China, has agreed to sell its stake in a project in Shantou, southern Guangdong province, continuing to pare down ...

Posted on 26/01/2024

In Hong Kong, decades of wealth gains evaporate on China’s watch

Hong Kong’s stock market is lower today than it was in 1997 when the territory returned to Chinese sovereignty. ] ...

Posted on 26/01/2024

Hong Kong’s tourism numbers to return to pre-Covid levels by end of 2025, new platform forecasts

Hong Kong's tourism numbers are projected to return to pre-pandemic levels by the end of 2025, a year later than in neighbouring Macau, according to a new forecasting platform developed by a local ...

Posted on 26/01/2024

The Ultimate Guide to Maximizing Your Fortune in Hong Kong

With this “Ultimate Guide to a Prosperous Year of the Dragon” curated by feng shui master Mak Ling Ling, you can effortlessly unlock a perfect new year while immersed in the festive bliss around Hong ...

Posted on 26/01/2024

India’s Stock Market Is Now as Big as Hong Kong’s. 4 Charts Explain Why.

The Hang Seng Index, which tracks the 80 largest companies trading on the Hong Kong exchange, declined 32% over the past year. It is near its lowest level in almost two decades. The IPO Story Tumbling ...

Posted on 26/01/2024

In Hong Kong, decades of wealth gains evaporate on Beijing’s watch

It was not the first time Lam, who has been investing on and off in Hong Kong stocks since the late 1990s, had seen it happen. The index dropped below 15,000 points during SARS in 2003, the Global ...

Posted on 26/01/2024

‘Hard to believe’: Hong Kong ‘lagging behind’ in e-payments as Octopus card and cash keep grip on shoppers, merchants

Some platforms have grown in popularity since pandemic, but merchants complain about relatively high transaction fees for e-payment systems, say they prefer cash.

Posted on 26/01/2024

Hong Kong’s Economy Is Struggling. Will It Crack in 2024?

While there will be tailwinds for Hong Kong’s economy in 2024, both immediate and long-term challenges remain.

Posted on 26/01/2024

Hong Kong Life in Amazon’s Expats Is Tragic, Lonely and Boring

Nicole Kidman showed up in Hong Kong to shoot the new Amazon miniseries, Expats, at a particularly awkward moment for the city. It was August 2021, when China (and by extension, Hong Kong) was ...

Posted on 26/01/2024

Hong Kong stocks open down after 3-day rally

Hong Kong stocks opened lower on Friday morning as profit-takers moved in after a three-day rally that saw the market pile on more than eight ...

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