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Posted on 17/10/2023

A Rare Occurrence: Houses Sold at a Loss in Hong Kong’s Second-Hand Housing Market

The eventual sale resulted in a loss of HKD 1.48 million or about 12%. This narrative, while personal, reflects a broader trend that may be taking root in Hong Kong’s property market. It serves as a ...

Posted on 17/10/2023

Habitat Property’s Victoria Allan says removal of Hong Kong’s property curbs is likely to boost home sales, but high interest rates are likely to keep prices in check

Removal of cooling measures is likely to 'impact sentiment and ... increase the transaction volumes by 5 per cent to 10 per cent', Allan says All eyes are on Chief Executive John Lee Ka-chiu's policy ...

Posted on 17/10/2023

SC man convicted of smuggling protected turtles between US, Hong Kong charged with animal abuse in GA

A South Carolina man, who was convicted of smuggling protected turtles internationally, has been charged with 15 counts of aggravated cruelty to animals.

Posted on 17/10/2023

After 40 years of stability, Hong Kong’s US dollar peg is here to stay

It is fair to say I have established a long-lasting and strong relationship with this important part of Hong Kong’s financial regime. The linked exchange rate system is a good one. It is the ...

Posted on 17/10/2023

New research reveals forgotten lives of Eurasian otters in Hong Kong

Researchers have gained new insights into the lives and losses of Eurasian otters in Hong Kong, as detailed in a paper published in the journal Oryx.

Posted on 17/10/2023

Xpanceo, a deep tech startup, raises $40M to focus on smart contact lenses

Today a deep tech startup called Xpanceo is announcing $40 million in funding from a single investor, Opportunity Ventures in Hong Kong, to pursue its take on one of the possible answers to that ...

Posted on 17/10/2023

Leylah Fernandez wins Hong Kong Open, Jessica Pegula takes Korea Open on same day

Filipino Canadian Leylah Fernandez took home the Hong Kong Open trophy, while Korean American Jessica Pegula won the Korea Open, two celebratory moments that happened on the same day on Sunday. Her first in months: Fernandez,

Posted on 17/10/2023

Monday’s Top 3 Short Trades In Hong Kong – And What Traders Say About The Squeeze

Total short-selling activity in Hong Kong Monday stood at HK$14.3 billion ($1.8 billion), or 22.9% of all shares traded. Short-selling can cause a rout in stocks but it can also make for sharp upswings when speculators are forced to cover their short ...

Posted on 17/10/2023

Proposal to transfer over 300 pupils from Hong Kong’s Rosaryhill Secondary School to institution run by Catholic diocese given green light, insiders say

School sponsoring body agreed to option of transferring all students in Form One to Form Five to Yu Chun Keung Memorial College No 2 in Pok Fu Lam, parents told At least half of the teachers at Rosaryhill Secondary School could be retained under the proposal,

Posted on 16/10/2023

Tencent-Backed Logistics Company Seeks To Bag $500M With Hong Kong IPO

J&T Global Express, a logistics firm backed by Tencent, is planning a share offering worth 3.92 billion Hong Kong dollars ($500.80 million) in Hong Kong. As The Wall Street Journal reported, the ...

Posted on 16/10/2023

Hong Kong to sign agreements for three projects worth US$450 million at Beijing belt and road forum hosted by President Xi Jinping

Chief Executive John Lee says agreements part of drive to strengthen city's role in China's international trade strategy Lee is leading 70-strong delegation of top politicians and business figures to the two-day forum,

Posted on 16/10/2023

Hong Kong’s Fight Against Online Banking Fraud: A Multifaceted Approach

In the bustling metropolis of Hong Kong, a silent and insidious crime wave is threatening the security of its digital banking sector. The Hong Kong Monetary Authority (HKMA), the city’s main financial ...

Posted on 16/10/2023

Hong Kong airport authorities stop motorised wheelchair with 11kg of cocaine hidden in cushions

“During customs clearance, customs officers found the batch of suspected cocaine concealed inside the interlinings of the cushions and the back of his check-in electric wheelchair,” a release from the ...

Posted on 16/10/2023

Hong Kong Crypto Exchange OSL Weighs Sale at HK$1 Billion Valuation

Hong Kong’s BC Technology Group Ltd. is exploring the sale of its crypto platform OSL, one of only two exchanges licensed under digital-asset rules the city introduced in June, people familiar with ...

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