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Posted on 27/02/2024

China Says Hong Kong’s ‘One Country, Two Systems’ Is Permanent, SCMP Reports

China’s top official in charge of Hong Kong said the city’s governing principle of “one country, two systems” will be kept as a “permanent feature,” South China Morning Post reported.

Posted on 27/02/2024

‘Hong Kong is over’? Economist Stephen Roach defends article intended as ‘wake-up call’ over ‘growing undercurrent of angst’

In fresh opinion piece, Stephen Roach says title of original commentary stating 'Hong Kong is over' was overstatement, but says doubts still exist over future of city Chinese state media Xinhua weighs ...

Posted on 27/02/2024

Hong Kong prepares sweeping rules to foil stealthy crypto purchases

DOTTED across Hong Kong are small shops that convert between cash and crypto with few questions asked, a modern-day echo of the city’s freewheeling past. Soon, many may shut under a looming crackdown.

Posted on 27/02/2024

Hong Kong ‘losing out’ to jurisdictions such as Singapore, should exempt private credit assets from tax: industry body

Hong Kong’s funds industry is calling for a profit tax exemption for private credit assets, as the city is failing to attract a booming business and is losing out to Singapore because of its existing ...

Posted on 27/02/2024

It’s ‘a losing battle’ against abandoned fishing nets but he’s fighting anyway: meet Hong Kong’s ‘ghost net hunter’

Harry Chan is known as Hong Kong's 'ghost net hunter' for his work clearing the city's waterways of 'ghost nets' - fishing nets that have been abandoned He reveals why his parents almost sold him as a ...

Posted on 27/02/2024

Hong Kong budget to offer incentives to turn city into green maritime hub, source says

With fourth deficit in five years being estimated to be over HK$100 billion, Chan expected to deliver measures to boost income, cut expenditures and develop new industries Government also plans to ...

Posted on 27/02/2024

Restructuring specialists boost Hong Kong staff as China property crisis stokes demand

Alvarez & Marsal, which saw two of its managing directors appointed last month by a Hong Kong court to liquidate property giant China Evergrande Group, said its China business had about 260 staff as ...

Posted on 27/02/2024

HK Green Week: Hong Kong primed to lead region in green technology development

The Hong Kong Green Week, which began on Monday, is expected to attract some 5,000 attendees from dozens of jurisdictions A series of sustainability-themed discussions, exhibitions and events will be ...

Posted on 27/02/2024

I stayed at the Regent Hong Kong, a 5-star waterfront hotel where rooms start at $600 a night

The Regent Hong Kong is a newly renovated five-star hotel with waterfront views, luxurious high-end restaurants, and impressive amenities.

Posted on 27/02/2024

Beijing attaches ‘great importance’ to Hong Kong as country’s global financial hub, Xia Baolong tells local regulators

Treasury minister Christopher Hui says Xia Baolong, Beijing’s point man for Hong Kong affairs, also called for greater focus on city’s offshore renminbi market.

Posted on 26/02/2024

HK Green Week: Hong Kong primed to lead region in green technology development, Paul Chan says

Hong Kong launched a week-long series of sustainability-themed discussions, exhibitions and events as the city pushes its plan to transform itself into a centre for both green technology and green ...

Posted on 26/02/2024

More mainland Chinese cities may join solo traveller scheme if Hong Kong can handle latest additions, industry leader says after meeting Xia

Industry leader Simon Wong reveals city of Harbin tipped to join next round of expanded scheme, after last week's meeting with Beijing's top man on Hong Kong affairs Central authorities to gauge if ...

Posted on 26/02/2024

Textile Recycler Renewcell to Declare Bankruptcy

In a release issued late Sunday, the company said it had been negotiating with its two largest shareholders, Swedish fast-fashion behemoth H&M and materials company Girindus, as well as existing ...

Posted on 26/02/2024

What are the ‘facts’ for Beijing’s top man in charge of Hong Kong affairs on his fact-finding mission to the city?

Xia Baolong, director of Hong Kong and Macau Affairs Office, has economic focus for seven-day visit and will report back on city's pulse after gauging public feedback His message so far has been loud ...

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