Recent rate hikes from the Federal Reserve have come at a bad time for Hong Kong which, thanks to its US dollar peg, must follow suit despite its own flagging economy. Hong Kong has pegged its ... ( read original story ...)
Rush hour: Hong Kong railway fans queue overnight to board first train on new cross-harbour section of MTR’s Sha Tin-Central line
Hundreds of railway enthusiasts, including students, had lined up overnight at Exhibition Centre station despite light rain to be among the first to board. ( read original story ...)
Anti-China forces in Hong Kong have no extrajudicial privileges: Commissioner’s office of Chinese foreign ministry in HKSAR
HONG KONG - The Office of the Commissioner of the Chinese Foreign Ministry in the Hong Kong Special Administrative Region (HKSAR) on Saturday strongly disapproved and firmly rejected a misleading ... ( read original story ...)
Hong Kong Spends $722 Million to Defend Currency Peg
The Hong Kong Monetary Authority dipped into its foreign-exchange reserves for the first time in three years to shore up the local currency against a surging greenback. ( read original story ...)
Positive COVID-19 results continue to be found in Hong Kong’s sewage samples
The Hong Kong Special Administrative Region (HKSAR) government said Saturday that there may be hidden cases of COVID-19 in the premises of some areas in the city as the virus has recently been ... ( read original story ...)
Coronavirus: Hong Kong could be hit by sixth wave in as little as two weeks, pandemic adviser warns
Professor Gabriel Leung, dean of the faculty of medicine at the University of Hong Kong (HKU), offered his timeline for the arrival of the next wave at a seminar for HKU doctors on Saturday, according ... ( read original story ...)
Mao Zedong calligraphy scroll thieves jailed in Hong Kong
Three people have been sent to jail in Hong Kong for stealing artworks worth millions, including a calligraphy scroll penned by former Chinese communist leader Mao Zedong. The three accused men, Ho ... ( read original story ...)
Investors rush to buy in first-weekend property sales despite biggest base rate rise in 22 years
“People can still afford to pay their mortgage loans with the expected rate rise. The property outlook for the Hong Kong market remains positive.” Some homebuyers are rushing to buy now in ... ( read original story ...)
Hong Kong police break up loan scam syndicate that conned HK$1.9 million out of 7 victims, arrest 22
Officers arrest 17 men, five women in raids on various places, including call centre in Kwai Chung and two financial intermediaries in Mong Kok Division of work in the syndicate was 'sophisticated', ... ( read original story ...)
Hong Kong central bank props up currency, first intervention since Oct 2020
twice buying Hong Kong dollars to stop the local currency weakening and breaking its peg to the US dollar. The de facto central bank bought HK$1.586 billion (US$202 million) from the market in ... ( read original story ...)
Hong Kong police bail Catholic cardinal arrested on national security charge
HONG KONG, May 11 (Reuters) - Cardinal Joseph Zen, one of the most senior Catholic clerics in Asia, and three others who helped run a now-disbanded Hong Kong fund for protesters were arrested on ... ( read original story ...)
Victim of Hong Kong’s costliest heist says jail terms for burglars ‘too lenient’, given HK$5 billion value of stolen items
Collector Fu Chunxiao says he intends to donate some of the reclaimed items to Hong Kong and mainland Chinese governments. ( read original story ...)
Leisure craft or floating hotels? Hong Kong hoteliers accuse authorities of inaction over ‘rampant illegal use of boats’
Hong Kong boatman Dong* is familiar with the sight of people heading for three houseboats moored next to each other at the Aberdeen typhoon shelter on weekends and public holidays. The visitors stay ... ( read original story ...)
Hong Kong becomes world’s must-watch market
While Hong Kong’s US$466bil (RM2 trillion) foreign-reserves stockpile and plentiful interbank liquidity suggest little chance of an imminent crisis, signs of financial stress are building. This week ... ( read original story ...)