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Posted on 21/10/2023

Hong Kong police arrest 63 people in crackdown on triad-run businesses offering illegal gambling, drugs

Police arrest 51 suspects in raid on illegal mahjong parlour based out of 1,500 sq ft flat fitted with soundproofing materials.

Posted on 20/10/2023

Hong Kong Monetary Authority admits short-changing buyers of shredded banknote paperweights found to be light on cash content

Authority said paperweights, sold about six years ago, also contained pebbles, which reduced the amount of space for shredded cash Labels said the novelties contained about HK$138,000 in cash, but ...

Posted on 20/10/2023

Alibaba, Tencent and other major Chinese backers invest US$342 million in start-up Zhipu AI as this tech sector sees increased funding

Zhipu AI's other investors included Ant Group, Meituan, Xiaomi and HongShan, the Chinese venture capital firm spun off from the former Sequioa Capital The start-up's valuation already reached US$1 ...

Posted on 20/10/2023

Hong Kong’s Financial-Sector Feast Turns to Famine

Weak underlying results from the Hong Kong exchange’s owner are the latest sign of profound damage to the Asian financial center from recent changes in the city and on the mainland.

Posted on 20/10/2023

Bitmain’s revenge, Hong Kong’s crypto rollercoaster: Asia Express

Retribution is swift as Bitmain fires employees for speaking out against salary cuts. Meanwhile, the crypto landscape in Hong Kong is worsening.

Posted on 20/10/2023

Elderly Hong Kong man loses HK$11.4 million after WhatsApp message leads to bogus investment platform

Retiree responded to WhatsApp message from person posing as investment expert in June, police insider says Victim coaxed into transferring HK$9.13 million into local bank accounts for 'investing' and ...

Posted on 20/10/2023

Hong Kong’s South China Morning Post wins big at 2 sets of media awards with 4 golds and 6 silvers during its 120th anniversary celebrations

Multiple award-winning infographic 'Life in Hong Kong's shoebox housing' awarded another two golds Post's weekly Lunar newsletter on women and gender issues in Asia also scoops top prize, alongside ...

Posted on 20/10/2023

Hong Kong police arrest 63 people in crackdown on triad-run businesses offering illegal gambling, narcotics

Police arrest 51 suspects in raid on illegal mahjong parlour based out of 1,500 sq ft flat fitted with soundproofing materials, including two alleged venue operators Officers also arrest suspected ...

Posted on 20/10/2023

New group in Hong Kong to promote China overseas, political pundit says, after top official calls on body to tap global networks

Hong Kong China Friendship Association held inauguration event on Thursday, with director of Beijing's liaison office Zheng Yanxiong and city leader John Lee attending Think tank consultant Lau ...

Posted on 20/10/2023

UPDATE 1-Hong Kong exchange operator’s Q3 profit rises 30% on investment funds gain

Hong Kong's bourse operator on Friday reported a 30% jump in third-quarter profit, propelled mainly by higher net investment income from its managed funds while trading remained subdued due to a ...

Posted on 20/10/2023

Hong Kong Exchanges & Clearing Third-Quarter Profit Rose 30% — Update

By Sherry Qin Hong Kong Exchanges & Clearing's third-quarter net profit saw steady growth, supported by higher net investment income. The ...

Posted on 20/10/2023

Ticket prices for Hong Kong’s Ngong Ping cable car to rise by about 15% in first increase in years

Ticket prices for the popular Ngong Ping cable cars on Hong Kong’s Lantau Island will jump up by about 15 per cent starting on November 1, in the first increase in five years. Managing company Ngong ...

Posted on 20/10/2023

Hong Kong man battling terminal cancer donates HK$800,000 to child cancer fund

A 28-year-old man battling terminal cancer in Hong Kong has donated HK$800,000 to a children’s cancer charity, with a message to youngsters fighting the disease: “please always believe in your ability ...

Posted on 20/10/2023

HSBC Analyst Recommends ‘Buy’ Rating for Techtronic Industries: Anticipated Profit Margin Recovery and Growth Potential

HSBC analyst Helen Fang maintained a Buy rating on Techtronic Industries (TTNDF – Research Report) yesterday and set a price target of ...

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