His resignation adds to questions over succession at the Cheng family conglomerate, whose business also spans from jewelry to logistics.
Two Hong Kong journalists to be sentenced in sedition case criticized by U.S.
Two journalists who led a pro-democracy newspaper in Hong Kong were sentenced to TKTK on Thursday after being convicted of sedition last month.
Chinese AI firm Chongqing Terminus Smart Technology files papers for Hong Kong IPO
Chongqing Terminus Smart Technology, a Chinese AI company, joined a growing list of companies seeking to launch their IPOs in Hong Kong.
Hong Kong stocks lead global surge on reports of more China stimulus measures
Hong Kong’s equity market hit a one-year high and led a surge in global stocks as the China-stimulus-induced risk-asset rally received further propulsion ...
There is no quick recovery from Hong Kong’s property slump
Hong Kong’s own succession drama is unfolding at a pivotal moment for the city’s property sector. Shares of New World Development, the developer owned by the billionaire Cheng family, were suspended ...
Hong Kong dethrones Singapore as Asia-Pacific’s top financial center
Hong Kong has surpassed Singapore to become the top financial center in the Asia-Pacific region and one of the top three globally, according to a new report.
Hong Kong’s New World Development suspends shares amid reports CEO to be replaced
Hong Kong's New World Development suspended trading of its shares on Thursday pending an announcement, after reports that CEO Adrian Cheng - the third-generation scion of the firm's founding family - ...
Tuition fees rise by 4.8% in Hong Kong’s semi-private schools amid operational cost hikes
Hong Kong’s semi-private schools have been given the green light to increase tuition fees by about 4.8 per cent on average, the most in five years. Fees on average will increase by 5.36 per cent at ...
Hong Kong welcomes new giant pandas gifted by Beijing, raising hopes for tourism boost
Hong Kong has welcomed a new pair of giant pandas gifted by Beijing, raising hopes for a boost to the city’s tourism ...
Hong Kong court to sentence 2 former Stand News editors in landmark sedition case
A Hong Kong court is set to sentence two former Stand News editors in a landmark sedition case that is widely seen as an indicator of media freedom in a city once known as a beacon of press freedom in ...
Panda pair arrive to VIP welcome in Hong Kong, as Beijing marks 75 years of communist China
Hong Kong will roll out the red carpet Thursday to receive two giant pandas gifted by the Chinese government to mark 75 years of Communist Party rule, part of a citywide push by authorities to deepen ...
Trading Halted In Hong Kong-listed New World Development
Share trading in property giant New World Development was suspended in Hong Kong on Thursday ahead of its earnings release later in the day amid reports its chief executive will step down and it will ...
Hong Kong’s street-shop vacancy stays high amid restaurant failures: Midland report
Restaurant, F&B shutdowns kept third-quarter vacancy rate at the highest level since September 2020, Midland report says.
Hong Kong launches second phase of CBDC pilot
Hong Kong’s de facto central bank has begun the second phase of its digital currency pilot scheme. The Hong Kong Monetary Authority (HKMA) said on September 23 that it had selected more than 20 firms ...