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Tag: business

Posted on 18/03/2024

Hong Kong’s Greater Bay Airlines CEO Plans to Step Down by April

Hong Kong carrier Greater Bay Airlines Co.’s Chief Executive Officer Stanley Hui is preparing to step down, according to people familiar with the matter.Hui, 73, may resign from his role as early as ...

Posted on 18/03/2024

China EV startup Xpeng will launch a brand that’s 50% cheaper, following Tesla downmarket to survive a slowing EV market

Xpeng says it's launching new models which will be priced between 100,000 to 150,000 yuan — 50% lower than the price range premium brands operate in.

Posted on 18/03/2024

Hong Kong cryptocurrency custodian Hex Trust targets profitability, fresh funding in 2024 as virtual-asset market rebounds

After cutting costs throughout 2023, Hex Trust sees the cryptocurrency market's revival 'directly translating into profitability' for the firm Hex Trust chief executive Alessio Quaglini said the ...

Posted on 18/03/2024

Japanese firms snap up retail spaces in Hong Kong

More Japanese brands and retailers are likely to occupy shops in Hong Kong this year, drawn to the city's more reasonable retail rents, as well as Hongkongers' affection for anything related to the ...

Posted on 18/03/2024

‘Don’t cut off the lifeblood of the market’: Hong Kong ex-leader, lawmaker criticise Flower Market redevelopment

The planned redevelopment of parts of Hong Kong’s historic Flower Market has come under fire, with a lawmaker and a former city leader urging the authorities to give greater consideration to the ...

Posted on 18/03/2024

Hong Kong grocery chain DCH feels the pinch of online shopping, goes out of business after 39 years of operations

Hong Kong grocery chain Dah Chong Hong (DCH) Food Mart will bring down the curtains on its stores after 39 years in operation, with regular patrons expressing sadness at the move. “After careful ...

Posted on 18/03/2024

Hong Kong has 2,700 single family offices in wealth hub boost

There is no requirement on minimum local investment. Singapore has more stringent requirements for larger-sized family offices when it comes to local business spending and staff numbers. Hong Kong ...

Posted on 18/03/2024

Hong Kong’s Gaw Capital bets on ‘China plus one’ opportunities in Vietnam and Mexico, AI-boom driven US office market growth to offset mainland woes

Firm to invest in countries that are the biggest beneficiaries of 'China plus one' strategy, founder Goodwin Gaw says There will be a big wave of office demand from AI companies in the US Gaw Capital ...

Posted on 18/03/2024

Study Buddy (Challenger): Hong Kong conductor leads young musicians while working in the family garment business

This page is for students who want to take their reading comprehension to the next level with difficult vocabulary and questions to test their inference skills.

Posted on 18/03/2024

Deep Dive: Hong Kong’s budget deficit means fewer perks for residents, increase in salaries tax for high earners

The budget commits HK$11.52 billion to one-off relief measures, down from the previous HK$59.38 billion ...

Posted on 17/03/2024

Hong Kong Weighs Extending Term of Central Banker Yue

Hong Kong’s government is considering keeping Eddie Yue as its de-facto central bank chief after his current term expires in October, according to people familiar with the matter.

Posted on 17/03/2024

Game firm’s stock triples after it buys Bitcoin, Hong Kong’s in-kind BTC ETF: Asia Express

Gaming firm to invest another $100M in Bitcoin and ETH after stock triples, Hong Kong's in-kind Bitcoin ETF, Bybit warning: Asia Express.

Posted on 17/03/2024

20 major companies to open or expand in Hong Kong this week, finance secretary Paul Chan says

but achievable’ The Greater Bay Area is Beijing’s plan to link Hong Kong, Macau and nine mainland cities to create an economic and business powerhouse. Chan said Hong Kong’s advanced financial ...

Posted on 17/03/2024

20 major companies to open or expand in Hong Kong this week, finance chief Paul Chan says

Chan says firms, together with 30 companies that made similar moves last year, will invest more than HK$40 billion in the city and create 13,000 jobs 'These key companies will help attract upstream, ...

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