The billionaire—a long-time business partner and poker buddy of Evergrande chairman Hui Ka Yan—had a wild ride in 2021, but still managed to emerge with a gain. ( read original story ...)
Hong Kong’s Wealth Creation: Outlook Depends On Omicron Containment
After two years of recession, Hong Kong’s economy heated up last year, and growth is expected to continue this year—albeit at a slower pace. ( read original story ...)
Engineering Professor Debuts On Hong Kong’s 50 Richest After His AI Startup’s Red-Hot IPO
The growing appetite for AI stocks fueled the successful market debut of Shanghai-based smart-tech pioneer SenseTime and earned cofounder Tang Xiao’ou a $6 billion fortune. ( read original story ...)
Hong Kong Billionaire Richard Li’s Wealth Rises As His Asian Insurer FWD Mulls IPO
On the plate of Richard Li, the 55-year-old son of billionaire Li Ka Shing, there’s a major piece of unfinished business from 2021: listing regional life insurer FWD. ( read original story ...)
Hong Kong’s 50 Richest 2022: Collective Wealth Down Just A Tad Despite Uncertainties, Li Ka-Shing Retains Top Spot
Hong Kong’s economy revived with a 6.4% rise in 2021, but strict measures to fight the pandemic impacted the benchmark Hang Seng Index. Under such mixed circumstances, the combined wealth of the ... ( read original story ...)
Budget 2022-2023: Hong Kong is mulling allowing listings by large pre-profit or pre-revenue start-ups, Financial Secretary Paul Chan says
The proposals could be seen as an extension of the listing reforms introduced in 2018, which allowed technology firms with multiple classes of voting rights and pre-revenue biotechnology firms to list ... ( read original story ...)
Budget 2022-23: Hong Kong finance chief hits multinationals and local owners of pricey properties with more taxes
From 2023-24, residential property owners will be able to apply for tax rebates for one self-occupied home only. ( read original story ...)
Hong Kong Raises Property Tax for Owners of Expensive Homes
Hong Kong’s government unveiled plans to raise property taxes for luxury homes in a move set to affect wealthy owners and landlords of multiple properties. Financial secretary Paul Chan proposed ... ( read original story ...)
Hong Kong to give out spending vouchers as Covid cases hit record level
Hong Kong launched a new round of financial handouts as the city struggles to contain China’s biggest outbreak of coronavirus since the start of the pandemic, even as economists warned the city’s zero ... ( read original story ...)
Hong Kong budget sweeteners help, but city’s prolonged isolation from ‘zero-infection’ strategy a threat to growth, economists warn
Economists signal a tough ride in first half of the year, including an uncertain jobs outlook Business chambers welcome moves to support fight against Covid-19, prepare for post-pandemic growth Hong ... ( read original story ...)
H.K. Toughens Mask Mandate; HSBC Bankers Grounded: Virus Update
Hong Kong will expand mask-wearing to all public places, including in parks and during outdoor exercise, as its latest outbreak worsens. Londoners, by contrast, will no longer be required to wear face ... ( read original story ...)
Can’t pay the rent? Hong Kong’s stricken SMEs get respite with measure to stop landlords chasing after arrears
Legislative Council to pass law barring landlords from taking action against tenants who owe rent Financial Secretary Paul Chan hopes businesses, landlords can work together through tough times Hong ... ( read original story ...)
Grumbling grows as Hong Kong sticks with zero-COVID policy
Hong Kong residents are becoming increasingly annoyed with the administration’s insistence on sticking to Beijing’s zero-COVID strategy as the city posted another record number of new cases ... ( read original story ...)
Hong Kong’s $22 billion budget for 2022 includes COVID-19 measures, stimulus
Hong Kong on Wednesday unveiled a massive $22 billion budget, which contains new measures to fight COVID-19 and stimulate the island's sagging economy amid a new wave of infections. ( read original story ...)