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Posted on 05/07/2024

Amid Hong Kong’s deepening retail slump, location is king

HONG KONG – As a retail slump in Hong Kong deepens, business sentiments in non-prime shopping areas – particularly those in Kowloon and the New Territories – have been most adversely affected, data ...

Posted on 05/07/2024

Hong Kong fines DBS for breaching anti-money laundering rules

The scrutiny by Hong Kong resembles that of rival wealth center Singapore, which a year ago fined four financial institutions over AML breaches, including DBS. The bank failed to continuously monitor ...

Posted on 05/07/2024

Hong Kong fines DBS over breaching anti-money laundering rules

The Hong Kong unit of DBS Group Holdings, Singapore's biggest lender, was fined HK$10 million ($1.28 million) by Hong Kong's banking regulator for violating anti-money laundering (AML) and ...

Posted on 05/07/2024

Two arrested after 30 students used fake papers to enter top HK business school

Two women were arrested for allegedly forging documents after 30 master’s students were caught using fake qualifications to enter the University of Hong Kong (HKU) Business School, Hong Kong media ...

Posted on 05/07/2024

{Block Trade}HSBC HOLDINGS: 460k shares, or HK$31.31m

The deal amounted to HK$31.31m, or at HK$68.075 per share, 1.1% lower than previous close. HSBC HOLDINGS is now trading down 1.23% to HK$68, with 12.71 million shares of ...

Posted on 05/07/2024

Hong Kong start-ups shine at China’s largest AI show amid city’s drive for Asian tech hub status

Artificial intelligence (AI) start-ups from Hong Kong grabbed some of the spotlight at the three ... AI-powered rescue drone start-up LifeSparrow, local LLM start-up Stellaris AI, data and indoor ...

Posted on 05/07/2024

BNP Paribas, UBS Show Interest in Buying HSBC’s Wealth Mgmt Unit in Germany – Report

Bloomberg, citing people familiar with the matter, reported that HSBC HOLDINGS (00005.HK) is considering to sell a number of businesses in Germany. BNP Paribas and UBS have expressed initial interest ...

Posted on 05/07/2024

Hong Kong Retailers Bank on Duty-Free Quota Hike to Boost Sales

HONG KONG (Reuters) - An increase in the duty-free quota for Chinese tourists to Hong Kong may go some way to support the city's retailers, but visitors from the mainland say prices are still ...

Posted on 05/07/2024

Hong Kong court hears mitigation pleas from Joshua Wong, other democrats

Prominent Hong Kong activist Joshua Wong should be considered an active participant in a landmark subversion case involving 47 democrats, his lawyer said on Friday, but urged a court to hand him a ...

Posted on 05/07/2024

Hong Kong activist Joshua Wong asks for a lesser sentence in landmark security case

Prominent activist Joshua Wong has asked for a lesser sentence in court after he earlier pleaded guilty in Hong Kong’s biggest national security case.

Posted on 05/07/2024

Hong Kong retailers bank on duty-free quota hike but mainland visitors say prices still high

Duty-free shopping quotas for Chinese tourists in Hong Kong were raised on July 1. Read more at straitstimes.com.

Posted on 05/07/2024

Fantasy, frills and a pink fox: Playing dress up at Hong Kong Disneyland

There are a lot of princesses at Hong Kong Disneyland, but not the ones you think. Instead of your Cinderellas, Elsas and Annas in their royal best, it’s a fuzzy pink fox that’s inspiring the princess ...

Posted on 05/07/2024

New head of Hong Kong’s social worker body named after controversial revamp to depoliticise sector

A lawyer and long-time adviser to the authorities has been named as the new head of Hong Kong’s revamped social worker regulator, two days after the passage of a bill that paved the way for the body ...

Posted on 05/07/2024

Hong Kong Disneyland’s summer festivities set to enchant visitors from across the region

After announcing a strong fiscal year in 2023 and record-breaking earnings for the January-to-March period this year, Hong Kong Disneyland Resort is determined to build on that success with a new line ...

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