Statutory body also says it plans to issue bonds after it recorded HK$3.9 billion annual deficit, its second year of loss in a row.
DBS HK fined US$1.28m for anti-money laundering, review lapses
The bank failed to conduct due diligence in ‘high risk situations’ from 2012 and 2019. The Hong Kong Monetary Authority (HKMA) is fining DBS HK$10m (approximately US$1.28m; S$1.73m) for contraventions ...
Stiffer penalties proposed to curb Hong Kong’s illegal ride-hailing services
Transport and Logistics Bureau says it will also strengthen local taxi services through launch of premium cab fleets next year.
HSBC fined $3 mln over incentive offers to agents around MPF scheme
HSBC has been fined HK$24 million ($3.07 million) for offering incentives to "unregistered intermediaries" to get clients to join its Mandatory Provident Fund (MPF) scheme in 2020 and 2021, Hong ...
Hong Kong’s Commercial Property Deals Fell to Lowest Since 2008
Hong Kong saw 48 commercial property transactions close in the first half of the year, the lowest for a six-month period since 2008, amid high interest rates and weak market sentiment.
Hong Kong 47: Ex-gov’t officials pen mitigation letters for former Democratic Party chair
Former Democratic Party chairman Wu Chi-wai has submitted mitigation letters from three ex-officials in pleading for a lighter sentence in the landmark national security case involving 47 ...
NGO warns of extreme heat in subdivided flats, rooftop homes as Hong Kong logs hottest day of year
An NGO has warned of extreme heat in Hong Kong’s subdivided flats and rooftop homes, which house more than 220,000 residents, as the city logged the hottest day in the year so far on Sunday, when the ...
Hong Kong superstar Andy Lau apologises to fans for dangerous stunt during China concert
Hong Kong film and singing star Andy Lau Tak-wah has apologised to his fans after he performed a dangerous on-stage stunt at a comeback concert in Shanghai.
Unfurling scroll of French fashion history in Hong Kong
In a dimly lit exhibition hall at the Hong Kong Palace Museum, under the beams of spotlights were sets of exquisitely crafted vintage clothing and accessories, and clips from classic old movies were ...
Chinese digital retail service provider Dmall completes CSRC registration for Hong Kong IPO
The Shenzhen-based company, backed by Tencent and Lenovo, plans to sell up to 86 million shares, according to a statement posted on the CSRC website.
5 Best Sites to Buy Instagram Followers Hong Kong (Real & Cheap)
Discover how buying Instagram followers in Hong Kong boosts visibility and engagement. Enhance your presence with targeted strategies.
Microsoft puts AI in Hong Kong primary school, commits to expansion as OpenAI pulls back
Microsoft is expanding AI-related educational initiatives in the city, maintaining access to OpenAI's models, while its China business draws scrutiny at home US technology giant Microsoft is showing a ...
Is Hong Kong ignoring next Siobhan Haughey? Swimming bosses accused of excluding talent
Swimming body insists it cannot give ‘special treatment’ after singer and ex-swimmer Alex Fong says it blocked nine-year-old from racing.
HKUST ‘in talks’ with Imperial College London to set up third Hong Kong medical school
Detailed proposal for new medical school to be submitted to Hong Kong authorities by end of this month, Post learns The Hong Kong University of Science and Technology (HKUST) is in talks to establish ...