Michael Tien says it is better to simply give the money to tenants so they can rent homes themselves, but Undersecretary for Transport and Housing Raymond So says subsidy is required to encourage ... ( read original story ...)
China’s opening of Hong Kong bond market for mainlanders signals Beijing hastening efforts to open capital account
Beijing is expected to loosen capital controls further to give mainland investors a new outbound channel to buy bonds in Hong Kong, providing investment alternatives for Chinese households and ... ( read original story ...)
HKTDC’s Start-up Fiesta kick-starts today
The Hong Kong Trade Development Council (HKTDC) today announced the launch of the inaugural Hong Kong Start-up Fiesta campaign that will run in May and June. Comprising a full range of activities ... ( read original story ...)
Hong Kong woman conned out of HK$20 million by phone scammers impersonating police
The mother of a Hong Kong fashion model has become the latest high-profile victim of a phone scam after being conned out of more than HK$20 million (US$2.6 million), the Post has learned. The case ... ( read original story ...)
Former Hong Kong legislator drops lawsuit against police chief over Yuen Long attack
Opposition politician Lam Cheuk-ting, who is currently awaiting trial on national security charges, had been seeking compensation for injuries sustained in the 2019 mob attack. ( read original story ...)
Electric-Car Battery Maker Now Hong Kong’s Richest Person
Physicist Zeng Yuqun has ridden a 169% jump in shares of the electric-battery maker he founded to top spot on the Hong Kong rich list. ( read original story ...)
Hong Kong’s ageing office towers likely to lose rental value of US$1.3 billion without upgrades amid changing market dynamics
Some 100 “ageing” office buildings in Hong Kong need to be refurbished to unlock their rental potential, as the Covid-19 pandemic changes market dynamics and tenant expectations, according to JLL ... ( read original story ...)
‘OFWs in Hong Kong should be encouraged, not forced, to get COVID-19 jab’
The vaccination of Filipino domestic workers in Hong Kong should be due to their own "informed choice" rather than state compulsion, Sen. Joel Villanueva said Wednesday. ( read original story ...)
Australian shares rise almost 0.4% as Hong Kong and Singapore shares struggle for gains
U.S. Treasury Secretary Janet Yellen said Tuesday that interest rates may have to rise to keep a lid on the burgeoning growth of the U.S. economy brought on in part by trillions of dollars in ... ( read original story ...)
Hong Kong exchange backs down on contentious plan to double profit qualification for IPOs after outcry
Hong Kong Exchanges and Clearing Limited (HKEX) has decided to water down its proposal to drastically raise the profit qualification for a Main Board listing in the world's third-largest stock market, ... ( read original story ...)
SF Reit builds $345m Hong Kong IPO
SF Real Estate Investment Trust has launched bookbuilding for its Hong Kong listing. It is aiming to raise up to HK$2.68bn ($345.4m) from the city's first Reit IPO in a year and a half. ( read original story ...)
A Twosome Place IPO faces skepticism
Park A Twosome Place, a coffeehouse chain headquartered in Korea aiming to go public, sent out a request for proposal (RFP) for its initial public offering (IPO) recent ... ( read original story ...)
Hong Kong Is a Renters’ Market as Prices Drop on Expat Moves
There’s rarely been a better time to be apartment hunting in Hong Kong than right now. Rents in one of the world’s most expensive real estate markets dropped to HK$33.60 ($4.33) per square foot in the ... ( read original story ...)
Police investigating cause of midnight blaze in Hong Kong residential block
A first-floor flat in a six-storey building on Canton Road in Mong Kok burst into flames at 12.08am; firefighters spent more than two hours to douse the flames. ( read original story ...)