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Posted on 21/10/2023

Hong Kong’s ‘immigrant DNA’ allows city to thrive as ‘super-connector’, seminar celebrating SCMP’s 120th anniversary hears

Hong Kong’s edge as Asia’s ‘super-connector’ with the world, combined with its resilience and adaptability, place the city in position to thrive in an uncertain world, said guests and panellists at a ...

Posted on 21/10/2023

Forget About Tech. Shiyue Daotian Cooks Up Hot IPO With Premium Rice

Shiyue Daotian has sizzled in the week since its trading debut, as investors bet on its position as one of China’s top premium rice sellers The company’s pre-IPO backers include such big names as ...

Posted on 21/10/2023

Hong Kong Stocks End The Week In A Rout As China’s Central Bank Pumps $100 Billion Into Banking System Ahead Of Long Weekend

Shares in Hong Kong ended the week lower after a rout of selling among tech names and as property continues to skewer markets. Investors also focused on bank earnings next week which they expect to be ...

Posted on 21/10/2023

Hong Kong police arrest 63 people in crackdown on triad-run businesses offering illegal gambling, drugs

Police arrest 51 suspects in raid on illegal mahjong parlour based out of 1,500 sq ft flat fitted with soundproofing materials.

Posted on 20/10/2023

Hong Kong Monetary Authority admits short-changing buyers of shredded banknote paperweights found to be light on cash content

Authority said paperweights, sold about six years ago, also contained pebbles, which reduced the amount of space for shredded cash Labels said the novelties contained about HK$138,000 in cash, but ...

Posted on 20/10/2023

Alibaba, Tencent and other major Chinese backers invest US$342 million in start-up Zhipu AI as this tech sector sees increased funding

Zhipu AI's other investors included Ant Group, Meituan, Xiaomi and HongShan, the Chinese venture capital firm spun off from the former Sequioa Capital The start-up's valuation already reached US$1 ...

Posted on 20/10/2023

Hong Kong’s Financial-Sector Feast Turns to Famine

Weak underlying results from the Hong Kong exchange’s owner are the latest sign of profound damage to the Asian financial center from recent changes in the city and on the mainland.

Posted on 20/10/2023

Bitmain’s revenge, Hong Kong’s crypto rollercoaster: Asia Express

Retribution is swift as Bitmain fires employees for speaking out against salary cuts. Meanwhile, the crypto landscape in Hong Kong is worsening.

Posted on 20/10/2023

Elderly Hong Kong man loses HK$11.4 million after WhatsApp message leads to bogus investment platform

Retiree responded to WhatsApp message from person posing as investment expert in June, police insider says Victim coaxed into transferring HK$9.13 million into local bank accounts for 'investing' and ...

Posted on 20/10/2023

Hong Kong’s South China Morning Post wins big at 2 sets of media awards with 4 golds and 6 silvers during its 120th anniversary celebrations

Multiple award-winning infographic 'Life in Hong Kong's shoebox housing' awarded another two golds Post's weekly Lunar newsletter on women and gender issues in Asia also scoops top prize, alongside ...

Posted on 20/10/2023

Hong Kong police arrest 63 people in crackdown on triad-run businesses offering illegal gambling, narcotics

Police arrest 51 suspects in raid on illegal mahjong parlour based out of 1,500 sq ft flat fitted with soundproofing materials, including two alleged venue operators Officers also arrest suspected ...

Posted on 20/10/2023

New group in Hong Kong to promote China overseas, political pundit says, after top official calls on body to tap global networks

Hong Kong China Friendship Association held inauguration event on Thursday, with director of Beijing's liaison office Zheng Yanxiong and city leader John Lee attending Think tank consultant Lau ...

Posted on 20/10/2023

UPDATE 1-Hong Kong exchange operator’s Q3 profit rises 30% on investment funds gain

Hong Kong's bourse operator on Friday reported a 30% jump in third-quarter profit, propelled mainly by higher net investment income from its managed funds while trading remained subdued due to a ...

Posted on 20/10/2023

Hong Kong Exchanges & Clearing Third-Quarter Profit Rose 30% — Update

By Sherry Qin Hong Kong Exchanges & Clearing's third-quarter net profit saw steady growth, supported by higher net investment income. The ...

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