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Posted on 12/09/2023

Hong Kong marine police search for whale in city’s southern waters after sighting on Monday morning

Source says police learned of initial sighting at Deep Water Bay at 9am and dispatched boats to scene, losing track of animal before experts could arrive.

Posted on 12/09/2023

Hong Kong police launch probe after Korean visitor molested while live-streaming in Central for her solo travel blog

Viral 60-second online clip shows woman's ordeal began after she was approached by a man near tram stop in Central Concerned live-stream viewers urged her to run and call police Hong Kong police have ...

Posted on 12/09/2023

Hong Kong ‘will revive elevated transit project, propose solutions’ for Kai Tak transport woes as firms eye contract

Monorail plan scrapped in 2020, but project on track to return amid mounting calls for better public transport in Kai Tak, source says.

Posted on 12/09/2023

Hong Kong development minister confirms luxury house at Redhill Peninsula has illegal structures, after site evacuated following landslide

Secretary for Development Bernadette Linn says initial investigation also shows luxury estate’s house No 72 unlawfully occupies slope considered government land.

Posted on 11/09/2023

Hong Kong’s First SPAC Pumps Up With Steel Trader ZG Group

ZG Group will raise HK$605 million from new investors through its SPAC merger with Aquila Acquisition, valuing the company at HK$10 billion The company lost a combined 1.1 billion yuan in the past ...

Posted on 11/09/2023

IPO Roundup: Arm Holdings, Vitro Biopharma and more

The IPO market is preparing for a significant event this week, with SoftBank Group's chip CPU unit, Arm Holdings (ARM), preparing to price its $4.7B IPO. This marks the largest IPO since Rivian (RIVN) ...

Posted on 11/09/2023

Hong Kong Bar Association chief warns possible US sanctions on judges pose ‘real threat’ to judiciary’s hunt for top talent

Association chair Victor Dawes also urges business communities to promote strengths of city’s legal system to overseas counterparts.

Posted on 11/09/2023

HSBC to Raise Mortgage Rates in Hong Kong; Property Stocks Fall

Hong Kong banks, including HSBC, last raised mortgage rates by 25 basis points in December, after Hong Kong's central bank hiked rates following the U.S. Federal Reserve. Interest rates in Hong Kong ...

Posted on 11/09/2023

HSBC to hike mortgage rates in Hong Kong by up to 50 bps

HSBC Holdings will raise its mortgage rates in Hong Kong by a maximum of 50 basis points, a spokesperson for the bank said on Monday, as it tries to maintain its profit margin amid higher interest ...

Posted on 11/09/2023

Hong Kong flood aftermath: smooth return to work, school for commuters despite ongoing repairs after record-breaking black-alert rainstorm

Situation at Wong Tai Sin station during morning rush hour largely smooth, with passengers seen exiting and entering trains as normal.

Posted on 11/09/2023

Former CEO of China’s Alibaba quits cloud business in surprise move during its leadership reshuffle

In a filing to the Hong Kong stock exchange, Alibaba said that Eddie Wu, its new CEO, will also head its cloud unit. Wu and Alibaba’s new chairman Joseph Tsai assumed their new roles by Monday, with ...

Posted on 11/09/2023

Alibaba stock slides after ex-CEO abruptly quits cloud unit ahead of IPO

Alibaba's stock lost more than 4% in Hong Kong on Monday after ex-group CEO Daniel Zhang quit just two months after concentrating his focus on cloud computing, raising concern over the unit's spin-off ...

Posted on 11/09/2023

Freshippo reportedly delays planned IPO due to low valuation

Alibaba’s grocery unit Freshippo has postponed its Hong Kong IPO amid weak consumer share sentiment, according to Bloomberg. The unit was originally ...

Posted on 11/09/2023

Clone of This startup helps hospitals treat stroke patients quickly

Hopebotics’ device transfers stroke patients’ therapy at home whilst hospitals monitor the progress remotely. People, as they age, would frequent hospitals; and admissions in relation to the scale of ...

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