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Posted on 02/05/2023

Richard Li-Backed Venture Firm Flags Hong Kong Crypto Potential as US Clamps Down

CMCC Global, a venture capital company focused on blockchain technology, said the US digital-asset crackdown is opening up opportunities for Hong Kong as the city strives to become a crypto hub.Most ...

Posted on 02/05/2023

Hong Kong leader says Q1 GDP grew 2.7% year-on-year

Hong Kong leader John Lee said the city's economy grew 2.7% in the first quarter of 2023, ahead of official data due to be released at 0830 GMT on Tuesday, snapping four consecutive quarters of ...

Posted on 02/05/2023

Hong Kong stocks slip as China manufacturing slumps, foreign funds exit while HSBC jumps before earnings report

Official data showed manufacturing in China contracted in April to the lowest since before the reopening late last year Foreign funds pulled about US$658 million from the onshore markets in April, ...

Posted on 02/05/2023

Shareholder Advisory ISS Calls for Opposition to Spinning-off HSBC Asian Biz

ISS (Institutional Shareholder Services), a shareholder advisory firm, issued its opinion that shareholders of HSBC HOLDINGS (00005.HK) +0.250 (+0.445%) Short selling $127.98M; Ra ...

Posted on 02/05/2023

Hong Kong reports Q1 GDP growth after disastrous 2022

Hong Kong's economy grew in the first quarter of 2023, the city's leader said on Tuesday (May 2), ending a disastrous year-long spell in which the finance hub was effectively closed for business over ...

Posted on 02/05/2023

Hong Kong’s new statutory minimum wage rate of HK$40 per hour takes effect

Here are some frequently asked questions on the implementation and coverage of Hong Kong's statutory minimum wage.

Posted on 02/05/2023

Hong Kong schools lost 33,600 students in last academic year amid emigration wave, 10 per cent more than in 2020-21

Official figures show total number of students who left local education system exceeded 64,000 in last two years But school representatives say exodus may have peaked and they expect number of ...

Posted on 02/05/2023

Hong Kong investigates new monkeypox case, close contact of city’s fifth confirmed infection

Centre for Health Protection says man, 34, epidemiologically linked to patient who had tested positive last week.

Posted on 02/05/2023

‘Worst is over’ Citi official says as bank looks to increase staff in Hong Kong to tap opportunities created by Greater Bay Area, HKEX reforms

The worst is over and the outlook for 2023 is positive,' Anson Kwok, head of the commercial bank at Citigroup Hong Kong, says Bank confident about reaching target of doubling revenue from commercial ...

Posted on 02/05/2023

Hong Kong workers still left to hope for fair deal as Labour Day passes

Despite some good news, too many people continue to struggle to survive or achieve a better standard of living in increasingly expensive Hong Kong Hongkongers marked the first post-Covid Labour Day ...

Posted on 02/05/2023

‘Only 20 per cent of Hong Kong district council seats’ could be directly elected under proposed overhaul

Source says remaining seats on revamped district councils to be either appointed by government or selected by committees staffed by pro-establishment figures.

Posted on 01/05/2023

Prop-tech start-up comprising young students wins Hong Kong’s flagship pitch event with 3D modelling device

Skyland Innovation tops finalists to win 7th EPiC pitch event and claim prize of US$90,000 The tech competition attracted a record-high number of entrants, both local and overseas, as Hong Kong tries ...

Posted on 01/05/2023

Visitors to Commons forced to hand over leaflets on press freedom in Hong Kong

Officials claim material on Jimmy Lai constituted political slogans but David Davis calls heavy-handed approach ‘completely daft’ ...

Posted on 01/05/2023

Northbound travel for Hong Kong vehicles open for application from June

The Northbound Travel for Hong Kong Vehicles scheme will be open for application on June 1 the Hong Kong Special Administrative Re ...

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