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Posted on 19/10/2023

Hong Kong police arrest 4 men, including 2 ex-district councillors, on suspicion of fraud, lying in résumés

Four men, including two former district councillors, have been arrested on suspicion of fraud and conspiracy to lie on their job applications to a Hong Kong insurance company, the Post has learned.

Posted on 19/10/2023

HKMA, NDRC sign deal to support Chinese firms issuing bonds in Hong Kong, boost cross-border financing

Hong Kong's monetary authority has signed a preliminary agreement with mainland China's top economic planning agency to support Chinese companies issuing bonds in Hong Kong and promote cross-border ...

Posted on 19/10/2023

Hong Kong sticks a fork in disposable plastic products from Earth Day 2024

The city will implement a blanket ban on the sale and provision of various plastic products in 2024. Read more at straitstimes.com.

Posted on 19/10/2023

Hong Kong’s 3-day electronic dance music festival Shi Fu Miz 2023 on Cheung Chau island to feature more than 60 DJs and musical acts

With a line-up of global and local talent including Octave One, Gigi Testa and Soichi Terada, Shi Fu Miz 2023 is expected to draw 5,000 festivalgoers The festival will also offer non-musical ...

Posted on 19/10/2023

Hong Kong ex-civil servant loses legal bid against forced retirement after failing to sign oath pledging allegiance to city on time

High Court finds move to order Wong Chau-ming to retire is not irrational given his drawn out approach to requirement imposed on civil servants Wong had questioned the need to sign the paper and ...

Posted on 19/10/2023

Hong Kong’s jobless rate stays low at 2.8 percent

Hong Kong's latest unemployment rate stood at 2.8 percent – unchanged from the June-to-August period – and remaining at its lowest level in four years. The underemployment rate also remained unchanged ...

Posted on 19/10/2023

China’s NDRC and Hong Kong Monetary Authority Strengthen Bonds

A new chapter in international finance is being written as China’s top economic planner, the National Development and Reform Commission (NDRC), signs a Memorandum of Understanding (MoU) with the Hong ...

Posted on 19/10/2023

Hong Kong stocks slammed by Country Garden debt fallout, US tech curbs on China and Israel-Gaza war

Hong Kong stocks extended losses as China’s property crisis deepened amid concerns about an imminent debt default by Country Garden Holdings. Tightened US tech curbs on Chinese companies and an ...

Posted on 19/10/2023

Belt and road forum: Hong Kong’s leader plans for trips to Europe, Middle East and Southeast Asia to ‘make business opportunities happen’

Chief Executive John Lee also says he briefed Chinese Vice-Premier Ding Xuexiang on the situation in Hong Kong while on the sidelines of belt and road event in Beijing 'I will definitely continue to ...

Posted on 19/10/2023

Hong Kong policy address 2023: John Lee ‘expected to adjust stamp duty for some home transactions, unveil plans to boost birth rate’

Source says Chief Executive John Lee will announce adjustments to stamp duty for certain home transactions, but stop short of easing all such taxes Measures to boost birth rate and improve city's ...

Posted on 19/10/2023

Hong Kong stocks dip amid worries about China’s property crisis and an intensifying Middle East conflict

Hong Kong stocks erased gains as traders looked past China’s upbeat GDP data amid worries about the festering property crisis in the world’s second largest economy and the intensifying Israeli-Hamas ...

Posted on 19/10/2023

UBS, ICBC and Bank of China join banks ensnared in Singapore’s US$2 bil scandal

More than 10 banks have been ensnared for their ties with the alleged money launderers, or their businesses in Singapore.

Posted on 19/10/2023

Hong Kong Grade A office rents drop 2.3% in Q3

The Central/Admiralty submarket was the main driver of this decline. According to a recent Colliers report, Hong Kong’s Grade A office rental market has observed a drop in rents of 2.3% QOQ to HKD54.1 per sq.

Posted on 19/10/2023

Hong Kong mobilised over 500 civil servants for flooding clean-up, in first test of ‘extreme conditions’ drill

Over 500 civil servants were deployed to assist the post-rainstorm clean-up in September, when the government made its first-ever “extreme conditions” announcement amid widespread flooding and landslides brought on by torrential rain,

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