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Tag: business

Posted on 03/03/2024

How Hong Kong can rescue the struggling recycling industry and win its war on plastic waste

Hong Kong’s recycling pace lags that in Europe and the US, but government intervention could help transform the landscape as growing landfills contaminate the soil.

Posted on 02/03/2024

120 workers axed after sudden collapse of Hong Kong contractor as officials scramble to contain any knock-on effect at related firms

Labour Department has set up a helpline for about 120 employees of prominent contractor Fung Cheung Kee, welfare chief Chris Sun says Authorities working with unions to find out if more subcontractors ...

Posted on 02/03/2024

5 nabbed at unlicensed Hong Kong eatery suspected of serving dog, cat meat

Five people were arrested on Feb 29 at an unlicensed eatery in Hong Kong that operated from a flat and was suspected to serve cat and dog meat. Some 35kg of frozen meat was confiscated in a ...

Posted on 02/03/2024

Hong Kong’s Billionaire Cheng Family Offloads Shopping Mall For $513 Million

New World Development sold a shopping mall in Hong Kong for HK$4.02 billion as part of its ongoing efforts to sell non-core assets and allay investors’ concerns about its debt load.

Posted on 02/03/2024

Top US envoy in Hong Kong warns of creeping Internet curbs

“Hong Kong is starting to go down the slope of trying to take certain content off the Internet and blocking certain websites,” he told Bloomberg News on Thursday (Feb 29). “It is kind of a slippery ...

Posted on 02/03/2024

Hong Kong authorities accuse top US diplomat in city of ‘scaremongering’, say criticism of security law contradicts his remarks on improving ties

US in 'no position to point its finger' at other countries and regions for enacting national security laws, city government says US Consul General Gregory May earlier said crackdown on dissidents ...

Posted on 02/03/2024

JPMorgan picks HSBC, StanChart to run $500 bln 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.

Posted on 02/03/2024

JPMorgan (JPM) Picks Firms for Hong Kong, Taiwan Custody Business

JPMorgan JPM has chosen HSBC Holdings plc HSBC and Standard Chartered PLC SCBFF to run its custody businesses in Hong Kong and Taiwan. The news was reported by Reuters. A spokesperson for JPM said ...

Posted on 02/03/2024

Hong Kong’s smart mobility push sparks fresh investment in green modes of transport including sky shuttles, hydrogen buses and robot trucks

"Under the Smart City Blueprint for Hong Kong 2.0 published in 2020, it is the government's ambition to embrace innovation and technology to build a world-renowned smart Hong Kong, characterised by a ...

Posted on 01/03/2024

New World sells its interest in D-Park mall in Tsuen Wan to rival Hong Kong developer Chinachem for US$510 million

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 ...

Posted on 01/03/2024

‘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.

Posted on 01/03/2024

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 ...

Posted on 01/03/2024

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 ...

Posted on 01/03/2024

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.

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