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Tag: business

Posted on 25/10/2021

Top Hong Kong government adviser defends proposed ban on lawyer choice for legal aid applicants

Ronny Wong insists choice was never the ‘sole consideration’ under lawyer allocation system, but critics say the right to pick your own representation is enshrined Hong Kong’s Basic Law. ( read original story ...)

Posted on 25/10/2021

Hong Kong leader Carrie Lam to return to work on Monday after fracturing elbow in fall

Lam says in a Facebook post that she will resume her official duties seven days after fracturing her elbow in a fall at her residence, though she notes she still faces a long road to a full recovery. ( read original story ...)

Posted on 24/10/2021

What CBDCs Mean for the Future of DeFi and Stablecoins

From an almost entirely conceptual discussion, CBDCs are now in various stages of research and development to ascertain how they could work in practice. China’s digital yuan is currently leading the ... ( read original story ...)

Posted on 24/10/2021

Hong Kong Marathon: dream debut for men’s overall winner Wong Kai-lok as local star Christy Yiu Kit-ching claims women’s gold

The 26-year-old middle-distance specialist returns from serious knee injury to beat heavy favourites, while women’s star Yiu reasserts local scene domination. ( read original story ...)

Posted on 24/10/2021

China’s Anti-Sanctions Law For Hong Kong Raises Uncertainty For Global Banks And Financial Firms

Commerce and financial investments have become a battleground of confrontation rather than collaboration between the U.S. and China. ( read original story ...)

Posted on 23/10/2021

China Evergrande plans to shift main business to new energy vehicles – Securities Times

China Evergrande Group will shift its main business to new energy vehicles within 10 years from property development, the state-backed Securities Times reported on Friday, quoting the developer's ... ( read original story ...)

Posted on 23/10/2021

Hong Kong government criticises US safe haven scheme for ‘fugitives’

The Hong Kong government on Friday criticised Washington for its "safe haven" scheme for Hong Kongers to stay and work in the United States amid Beijing's crackdown on the pro-democracy movement in ... ( read original story ...)

Posted on 22/10/2021

Crypto-to-fiat liquidity startup Xanpool raises $27M

Valar Ventures, a VC firm co-founded by PayPal co-creator Peter Thiel, leads a $27 million funding round for Hong Kong-based crypto-to-fiat liquidity startup Xanpool. ( read original story ...)

Posted on 22/10/2021

Hong Kong Inflation Slows In September

Hong Kong's consumer price inflation eased in September, data from the Census and Statistics Department showed on Thursday. The ... ( read original story ...)

Posted on 22/10/2021

Hong Kong-based fintech XanPool raises $27M for its decentralized payment network

XanPool, a payment infrastructure provider that facilitates faster crypto and fiat settlements, announced today it has raised a $27 million Series A led by Valar Ventures. The round included ... ( read original story ...)

Posted on 22/10/2021

New Hong Kong bus tour is meant to put people to sleep

A Hong Kong tour company noticed patrons falling asleep on its buses ... he couldn't sleep at night," Kenneth Kong, ulu's marketing and business manager told the Associated Press. "But when he was ... ( read original story ...)

Posted on 22/10/2021

Ailing mother inspires sisters to launch wellness and fitness start-up for over 50s

First-time entrepreneurs Coco and Zan Wong turn to cloud services platform GoDaddy to launch 50+ Exercise Buddy’s website to help ageing population exercise regularly and eat well ... ( read original story ...)

Posted on 22/10/2021

Vape shops cut down on supplies as customers stock up after Hong Kong passes bill targeting e-cigarette business

Small stores such as VapeBullHK in Wan Chai have racked up more than HK$1 million in sales a month in the past. But as lawmakers take aim at stubbing out the habit, they have cut back on orders and ... ( read original story ...)

Posted on 21/10/2021

Hong Kong, mainland China agree to one-stop sandbox platform allowing Greater Bay Area start-ups to develop cross-border fintech tools

The monetary authorities of Hong Kong and mainland China agreed to create a one-stop sandbox platform in the Greater Bay Area that will allow fintech companies to develop cross-border products faster ... ( read original story ...)

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