The winning bid was at least 5,100 times the reserve price and represented more than 80% of the total raised at the auction.
Hong Kong Customs Seize $120 Million in Illicit Cigarettes
Hong Kong Customs reported Monday that it had intercepted a shipment of approximately 42 million illicit cigarettes with an estimated worth of HK$120 million (US$15.3 million) on the open market.
Rocky start for beginners as Hong Kong’s bouldering gyms try to absolve themselves of liability for injuries or death, watchdog finds
But the peak did not start until it made its Olympic debut at the Summer Olympics in Tokyo as a discipline under Sport Climbing in 2020. Alison Deng, a 23-year-old in Hong Kong, who paid regular ...
Soaring fuel prices make Hong Kong world’s most expensive city for driving, according to global index
Residents had to fork out US$3,395 on fuel to cover 10,000 miles (16,000km) last year, a report released by Dutch technology business TomTom says James Kong, chairman of the Institute of Advanced ...
Hong Kong talent scheme: 10,810 have signed up, with half being elite graduates worldwide and a sixth comprising top earners making HK$2.5 million or more annually
Labour minister Chris Sun reveals figures on Wednesday, says about 8,400 applications processed, among which some 7,700 already approved Two-thirds of applicants live on mainland, according to latest ...
HKMA buys HK$14.87 bln from market as currency hits weak end of trading band
HONG KONG, Feb 15 (Reuters) - Hong Kong's de-facto central bank bought HK$14.868 billion ($1.894 billion) from the market in New York trading hours to stop the local currency weakening and breaking ...
National security warning now a part of Hong Kong land sales
Hong Kong real estate is the most expensive in the world, but it wasn't eye watering prices that took investors by surprise this week.
Why did Hong Kong criminalize CBD?
A law banning CBD products has officially gone into effect in Hong Kong. Despite the growing number of CBD businesses popping up over the past few years, city officials have criminalized the ...
Large Hong Kong-listed ETFs show resilience in 2022
Hong Kong’s flagship Hang Seng index dropped 15.5 per cent and ... Assets in these products dropped more than 30 per cent, from HK$77.6bn at the start of 2021 to HK$53.2bn 12 months later. Six out of ...
China Stocks in Hong Kong Head for Correction as Selloff Extends
The HSCEI measure rallied since the start of November as China’s dismantling of its ... Wednesday into the financial system to meet a rapid rebound in loan demand. Hong Kong’s benchmark Hang Seng ...
China border reopening could be key 2023 driver as HSBC, Standard Chartered prepare to report annual results, analysts say
Standard Chartered will be the first of the city's three currency-issuing banks to update investors on its full-year performance on Thursday, followed by HSBC on February 21 and Bank of China (Hong ...
Hong Kong Dollar Traders Ignore HKMA to Stick With FX Carry Bets
The Hong Kong dollar has strengthened just 0.1% away from the weak end of its trading band with the greenback since the city’s de-facto central bank stepped in this week. Traders are looking through ...
UPDATE 1-HKMA buys HK$14.87 bln from market as currency trades at weak end of trading band
HONG KONG, Feb 15 (Reuters) - Hong Kong’s de-facto central bank bought HK$14.868 billion ($1.894 billion) from the market in New York trading hours to stop the local currency weakening and breaking ...
Uniqlo to give Hong Kong staff a pay rise of up to 24 per cent, signalling retail labour market is tight as tourists return
GU also plans to hire more but it did not give a precise figure. The Hong Kong General Chamber of Commerce, the largest business group of the city, in January predicted that the local retailing sector ...