Shenzhen-based firm is China's biggest provider of educational robots and associated products in 2021 by revenue, prospectus shows Founder Zhou Jian has just under a 29 per cent stake in company while ...
Hong Kong bans flourishing CBD business, following Beijing’s lead
Beijing carried out its own ban on cannabidiol last year. CBD products are legal in Taiwan and Thailand, the United States and parts of Europe.
Hong Kong GDP shrinks for 4th straight quarter, but poised for recovery
Hong Kong's economy shrank for the fourth straight quarter, contracting an annual 4.2%, advance government data showed on Wednesday, worse than economists' estimates as weakening global demand and ...
Hong Kong bans CBD, forcing businesses to shut or revamp
Hong Kong has banned CBD as a “dangerous drug” and imposed harsh penalties for its possession, forcing fledging businesses to shut down or revamp.
Hong Kong is criminalizing CBD as a ‘dangerous drug’ alongside heroin
Two years ago, cannabidiol was booming in Hong Kong. The compound, known as CBD, was popping up in cafes, restaurants and stores, with businesses eager to join an exciting new market already ...
More to Hong Kong talent search than just finding it
As Hong Kong battles to recover from economic damage inflicted by the pandemic, it has to address its strengths and weaknesses and recruit accordingly Chief Executive John Lee Ka-chiu put the fight to ...
Hong Kong aims to revive the wrecked crypto sector
The territory said that it would learn from the US$2 trillion crypto market rout and a spate of global bankruptcies, such as the collapse of the FTX exchange, to create a fresh regulatory framework ...
Hong Kong developers raise concerns over plan to build 10,700 temporary public flats in prime urban site, cast doubt on Kai Tak’s ability to handle new residents
Association representing real estate developers says it only learned about government's plan recently and has received letters from concerned residents According to government source, flats 'will not ...
Hong Kong will not tolerate algorithmic stablecoins in new regulation
The chief financial regulator will demand all stablecoin issuers back up their values with the reserve assets at all times.
Hong Kong’s negative equity mortgage cases surge to near 18-yr high
Cases of negative equity in Hong Kong's residential mortgage loans jumped nearly 22 fold in the fourth quarter from the previous one, the city’s de facto central bank said, as home prices continued to ...
Why Hong Kong must act fast in post-Covid-19 world to regain place as international talent hub
City needs to entice well-qualified entrepreneurs and innovators who can drive greener economic growth in Greater Bay Area, members of Better Hong Kong Foundation say ...
Asian Financial Forum ushers cooperation between Hong Kong investors and Philippine startups, businesses
Hong Kong’s Asian Financial Forum (AFF) concluded with a positive outlook, heralding more business opportunities and investments for Southeast Asian markets, the Philippines included.
Hong Kong’s Exchange Fund posts record US$25.8 billion loss after an ‘exceptionally volatile’ year, HKMA says
The loss far surpasses the previous worst annual decline of US$9.6 billion in 2008 for the war chest that defends the Hong Kong dollar from attacks by short-sellers.
Hong Kong’s recovery gets off to a solid start in 2023
VCG. Hong Kong's economic recovery has got off to a solid start with the reopening of the border with the Chinese mainland and adjustment of COVID-19 response. A ...