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Posted on 10/07/2024

Hong Kong victim loses HK$1 million in new tech support scam widespread in Singapore

Police say scam that led to millions stolen in Lion City recently used on 20 Hongkongers, including two who lost HK$1 million and HK$390,000.

Posted on 10/07/2024

HSBC fined S$4.15M for offering incentives to unregistered intermediaries in MPF scheme

SINGAPORE: HSBC, the largest lender in Asia, has been fined HK$24 million (approx. S$4.15 million) by Hong Kong’s Mandatory Provident Fund Schemes Authority (MPFA). The penalty stems from HSBC’s ...

Posted on 10/07/2024

Singapore’s revamped anti-money laundering measures frustrate wealthy Chinese enough to leave for Hong Kong

These regulatory changes have sparked frustration among wealthy Chinese residents and prompted them to reconsider their financial base ...

Posted on 10/07/2024

Hong Kong Stocks: BYD Secures $1B Deal for EV Factory in Turkey, Targets Europe

In major news on Hong Kong stocks, BYD Co. Limited (HK ... with an annual production capacity of 150,000 units. The production will start by the end of 2026 and is also expected to create around 5,000 ...

Posted on 09/07/2024

While Singapore scrutinises, Hong Kong wins back wealthy Chinese

It’s a shift from the pandemic years when Hong Kong’s strict quarantine and political upheaval led many to flock to Singapore.

Posted on 09/07/2024

Hong Kong judicial review over golf course development to be decided in September

Golf club filed legal challenge last year to overturn environmental impact assessment report that would have paved way for housing project.

Posted on 09/07/2024

5 years ago they protested for freedom in Hong Kong. They want us to remember them

Five years after mass protests disrupted Hong Kong, and were crushed by the government, people who took part are downsizing their dreams and ambitions — but keeping a small flame of hope alive.

Posted on 09/07/2024

Hong Kong property: fire sales dominate 1st-half commercial deals as debt weighs on owners

Distressed commercial property sales accounted for HK$16.8 billion (US$2.1 billion) or 73 per cent of the total deal value in the first half, versus 10 per cent in previous years, CBRE says.

Posted on 09/07/2024

Hong Kong bomb plot defendant claims police forced him to make false statements

Alleged core member of ‘Dragon Slaying Brigade’ alleges police instructed him to memorise names of other defendants and firearm terms.

Posted on 09/07/2024

Hong Kong Ani-Com 2024 to showcase city’s comic culture globally, organiser says

An inaugural Shenzhen edition of the fair in September will also provide a platform for Hong Kong talent go beyond the city’s limited market.

Posted on 09/07/2024

Hong Kong may pave way for Uber as gov’t looks to regulate ride-hailing services

Hong Kong is considering regulating ride-hailing platforms like Uber, with proposals to introduce a new licensing system for such services alongside tougher penalties for those found in breach of the ...

Posted on 09/07/2024

Rich Chinese return to Hong Kong as Singapore steps up regulatory oversight

Hong Kong has benefited from the reopening of its borders in 2023. The city has efficient connections to Shenzhen and the surrounding Greater Bay Area via its high speed rail line. That is attractive ...

Posted on 09/07/2024

China’s central bank is stuck in a policy dilemma

HONG KONG, July 9 (Reuters Breakingviews) - At least traders now know for sure where the People's Bank of China stands. The Central bank said on Monday that it would start intervening in short-term ...

Posted on 09/07/2024

China’s Guangzhou R&F Properties faces liquidation petition in Hong Kong

Chinese property developer Guangzhou R&F Properties said on Tuesday its unit Trillion Glory had received a winding-up petition from a Singapore-based private equity fund due to non-repayment of a loan ...

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