New World Development (NWD) has agreed to dispose of its shopping centre and parking spaces in Tsuen Wan, selling them to rival Hong Kong property company Chinachem Group for HK$4.02 billion (US$510 ...
‘Slippery slope once you start internet censorship’: US envoy warns Hong Kong moving to China-style curbs
Hong Kong is starting to go down the slope of trying to take certain content off the internet and blocking certain websites. It is kind of a slippery slope once you start that internet censorship.
For Hong Kong to go global, it could start by valuing the local
The budget speech underlined the government's commitment to promoting the city globally, but the focus on mega events might be misguided Local culture - from neon signs to tong lau - could serve as ...
PwC Hong Kong and watchTowr forge strategic cybersecurity partnership
SINGAPORE, March 1, 2024 /PRNewswire/ -- watchTowr, a global cybersecurity technology start-up, is excited to announce a strategic partnership with PwC Hong Kong ("PwC"). Headquartered in Singapore ...
JPMorgan picks HSBC, StanChart to run $500 billion custody business in Hong Kong, Taiwan
JPMorgan Chase has selected HSBC and Standard Chartered to operate its custody businesses in Hong Kong and Taiwan, with assets worth more than $500 billion, a spokesperson for the U.S. bank said.
Hong Kong’s Lantau Tomorrow plan delayed by 2 to 3 years, finance chief Paul Chan reveals, authorities to focus on Northern Metropolis scheme instead
Announcement of delay comes as city expected to record its fourth deficit exceeding HK$100 billion Chan says government needs to complete feasibility studies and come up with mitigating measures for ...
Hong Kong attracts 22 applicants for crypto exchange licences
The world’s largest exchange Binance was absent from the list, as was Coinbase and Kraken. Read more at straitstimes.com.
Elon Musk’s xAI startup targets valuation as high as $20B: sources
Musk is raising the funds at a valuation that would likely be between $10 billion and $20 billion for the company behind the snarky chatbot Grok.
Hong Kong Scraps Duties to Thaw Frozen Property Market
Hong Kong’s “cooling” measures have been so effective that ... You can find the link to that half-hour business show here or on Spotify here. The move is overdue. And it will take time to filter ...
Hong Kong pledges $383M for cyberport AI development boost
The Hong Kong government has announced a substantial investment of 3 billion Hong Kong dollars ($383 million) into its Cyberport business park. This funding is part of a three-year artificial ...
Hong Kong allocates $383 million for Cyberport AI scheme
Hong Kong allocates $383 million to Cyberport for a three-year AI subsidy scheme, boosting local AI utilization. The program aims to support the AI Supercomputing Center and enhance cybersecurity. It ...
How Hong Kong turned its back on capitalism – and paid a terrible price
“All of that is either changing or is at least perceived to be under threat of changing,” says Hurst. Business confidence in Hong Kong is being eroded, warns Tsang: “Multinationals can see that the ...
Hong Kong Agents Say Property Deals Jump After Big Policy Moves
HONG KONG (Reuters) - Hong Kong's property market immediately celebrated ... told Reuters. Low commission rates start at $0 for U.S. listed stocks & ETFs*. Margin loan rates from 5.83% to 6.83%.
Hong Kong finance chief Paul Chan says authorities have not ruled out bringing back property cooling measures if necessary
Finance chief Paul Chan says authorities will closely monitor property market and act accordingly He adds no need to levy new taxes as revenue from land sales is expected to increase after removal of ...