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Tag: business

Posted on 13/08/2023

Hong Kong to launch night bazaars, organise more conferences and exhibitions to drive economic recovery, finance chief Paul Chan says

Financial Secretary Paul Chan calls for improved competitiveness in tourism sector after government narrows full-year economic growth forecast.

Posted on 12/08/2023

Overexposed: Hong Kong enthusiasts risk arrest to photograph naked models in public places for thrills and followers

But on weekends, she disrobes to be photographed naked in public places, including in broad daylight. The photographer she poses for is her boyfriend, finance sector employee Wesley Cheung*. Kwok ...

Posted on 12/08/2023

Hong Kong innovation chief says US investment ban on Chinese tech will bring ‘short-term difficulty’ to city’s talent drive, financing for local firms

Sun Dong however urges faith in city's development ambitions, stressing move won't change global development pattern of 'rise of the East and decline of the West' He vows to counter US measures by ...

Posted on 12/08/2023

Hong Kong stocks head for second weekly loss on China property woes and slowdown concerns; Country Garden set to turn into penny stock

Chinese developers drag Hang Seng Index lower after Country Garden forecasts first-half loss of as much as US$7.6 billion. The Foshan-based home builder in on course to close below HK$1 for the first ...

Posted on 11/08/2023

Deflated Tom Group Mired In Losses 23 Years After Splashy Debut

Tom Group returned to the red in the first half of this year, after posting its first annual profit last year since 2018 •     The company earns most of its revenue from a Taiwan publishing unit, and ...

Posted on 11/08/2023

Hong Kong government calls US investment ban on Chinese tech ‘unreasonable’, but experts divided over effect on city’s start-ups

US President Joe Biden orders restriction on American investment in Chinese technology across three areas While ban applies to Hong Kong, most local start-ups are not operating in targeted areas, but ...

Posted on 10/08/2023

Silencing retailers? Hong Kong environmental authorities’ proposed ban on loudspeakers has hawkers worried

Retailers competing for business turn up volume to attract customers and cause noise pollution, environment protection officer says Proposed ban would not cover news on outdoor screens, food trucks ...

Posted on 10/08/2023

Hong Kong tutoring company Brilliant Education sued for HK$1.88 million over unpaid rent at branch, as financial woes mount

Link Properties accuses tutoring centre chain Brilliant Education of defaulting on rent and surcharge payments for up to six months at its Ho Man Tin branch Private tutoring company abruptly closed ...

Posted on 10/08/2023

Hong Kong’s retail sector revive: top landlords see positive signs from shop tenants, while office market lags

Swire Properties says retail sales at some shopping centres are back at pre-pandemic levels, while Hysan Development reports rising tenant revenue However, the office market is lagging as high vacancy ...

Posted on 10/08/2023

‘No price war’: Hong Kong developers brush aside fears of a property crash

Developer dismisses claims of price war as experts say seven-year-low prices for Kowloon flats are not a dire omen for the market.

Posted on 10/08/2023

Hong Kong MTR Corp’s recurrent business rebounds with rail giant posting HK$2.4 billion in profits, despite net falling 11.7 per cent to HK$4.2 billion

CEO Jacob Kam says corporation is cautiously optimistic about its business outlook He says domestic and cross-boundary rail services have reached 90 per cent of the pre-pandemic levels Hong Kong's MTR ...

Posted on 10/08/2023

Congress should summon HSBC executives over support for Hong Kong repression

The House Select Committee on the Chinese Communist Party should ask HSBC executives to testify over their support for China's repression in Hong Kong.

Posted on 10/08/2023

Earnings for Hong Kong’s Cathay Pacific soar to HK$4.3 billion in first half of 2023, with share buy-back from government on horizon

Hong Kong’s Cathay Pacific Airways has reported a net profit of HK$4.26 billion (US$546 million) for the first half of 2023, its first in three years as the carrier shrugs off the impact of the ...

Posted on 09/08/2023

EDBI-Backed Wealth Management Startup Raises $35 Million To Expand In Hong Kong

Singapore-based wealth management startup Endowus – backed by the city-state’s global investor EDBI – announced Wednesday it raised $35 million in a funding round joined by new investors Citi Ventures ...

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