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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 ...

Posted on 09/07/2024

Hong Kong man, 37, arrested on suspicion of animal cruelty after cat abuse post

Hong Kong police have arrested a 37-year-old man on suspicion of animal cruelty, after an online post claimed a cat was being abused. Crime squad officers launched an investigation after noticing the ...

Posted on 09/07/2024

62% of Hong Kong students get first choice of secondary school

The figure is the lowest since 2020 and partially affected by the number of births during the Year of the Dragon in 2012.

Posted on 09/07/2024

‘Agile’ and ‘adorable’ giant pandas set for Hong Kong will be young, fit to reproduce: John Lee

The male panda weighs 120kg and has been described as agile, clever and active … while the female is around 100kg and is gentle and adorable,’ city leader says ...

Posted on 09/07/2024

Hong Kong government seeks to regulate online car-hailing platforms

The Hong Kong government is seeking to regulate online car-hailing platforms through licensing and impose tougher penalties on illegal ride services, a move likely to have a significant impact on tech ...

Posted on 09/07/2024

As Singapore steps up scrutiny, affluent Chinese return to Hong Kong

Hong Kong is winning back wealthy Chinese by rolling out the red carpet for the rich while rival Singapore scrutinizes foreign money. The Chinese territory is expected to welcome about 200 ...

Posted on 09/07/2024

Hong Kong property: fire sales dominate first-half deals as debt stress weighs on owners

Distressed 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

FirstFT: Neil Shen’s HongShan raises new $2.5bn start-up fund

Also in today’s newsletter, BYD agrees $1bn deal to build Turkish EV plant, and Japan and the Philippines sign a defence pact ...

Posted on 09/07/2024

Rich Chinese return to Hong Kong as Singapore steps up scrutiny

It’s a shift from the pandemic years when Hong Kong’s strict quarantine and political upheaval led to mainland Chinese flocking to Singapore. Now, private bankers, service providers and insurers are ...

Posted on 09/07/2024

Talent-hungry Hong Kong can drop the hard sell and learn from Singapore

One-sided comparisons only expose Hong Kong’s insecurities; it should focus on learning from Singapore’s success in attracting global talent ...

Posted on 09/07/2024

John Lee hopes Hong Kong can welcome giant pandas by National Day on October 1

I’m particularly happy to be here. I believe the public will share my excitement when the pair of pandas arrive in Hong Kong,’ city leader says.

Posted on 09/07/2024

Hong Kong Unveils Plan to Regulate Uber 10 Years After Launch

Hong Kong outlined long-anticipated plans to regulate ride-hailing services, potentially limiting the scope of Uber Technologies Inc. in a city known for its poor taxi services. Authorities intend to ...

Posted on 09/07/2024

Some Hong Kong restaurants ditching Octopus e-payments to reduce costs amid business slump

Post observes some businesses opting out after adopting system during Covid-19 pandemic to capitalise on government e-vouchers Some Hong Kong merchants, especially in the catering sector, have ditched ...

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