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Posted on 20/08/2023

Underperforming civil servants in Hong Kong to be sacked ‘in a few months’ rather than 2 years under new system

We hope to signal that we will seriously deal with colleagues whose work performance is not up to standard, says Secretary for the Civil Service.

Posted on 19/08/2023

Alarm bells rung over Hong Kong students’ gambling habits by counselling service

Survey finds more than 40 per cent of postsecondary students have gambled, some up to HK$5,000 over a three-month period.

Posted on 19/08/2023

HSBC HK Expects Loan Demand to Stay Weak in 2H with Strong NII

Luanne Lim, CEO of HSBC Hong Kong under HSBC HOLDINGS (00005.HK) -0.650 (-1.096%) Short selling $365.73M; Ratio 39.144% forecast the loan demand to remain weak in the second half ...

Posted on 19/08/2023

Several UK Lawmakers Blast HSBC Executives’ Remarks on CN

HSBC HOLDINGS (00005.HK)'s head of public affairs Sherard Cowper-Coles' remarks at a private event in June that criticize the UK for acquiescing to the demand of US to stan... HSBC HOLDINGS (00005.HK) ...

Posted on 19/08/2023

7 prominent advocates charged in Hong Kong’s 2019 pro-democracy protests get convictions overturned

The Court of Appeals has overturned certain convictions against seven of Hong Kong’s most prominent advocates, who were charged during Beijing's unprecedented crackdown on the city's pro ...

Posted on 19/08/2023

Hong Kong going grey faster than expected, sparking fears over healthcare, calls for new retirement policies

Hong Kong’s population is ageing more rapidly than previously forecast with figures for young people falling faster than the government expected, driving up the median age to an estimated 55½ years by ...

Posted on 19/08/2023

Troubled Country Garden will be dropped from Hong Kong’s Hang Seng Index

Shares of China’s troubled Country Garden Holdings Co. will be dropped from Hong Kong’s Hang Seng Index, the stock index compiler announced Friday, in the latest blow to the company. The property developer’s shares have tumbled 71% this year,

Posted on 19/08/2023

Hong Kong 4th simplest jurisdiction worldwide for doing business. Indonesia and mainland China continue to be most complex APAC countries

LONDON, Aug. 18, 2023 /PRNewswire/ -- TMF Group, a leading provider of compliance and administrative services, has launched the tenth edition of its Global Business Complexity Index (GBCI). The comprehensive report analyses 78 jurisdictions (77 in 2022 ...

Posted on 19/08/2023

Hong Kong pre-war cinema to be turned into restaurant celebrating Cheung Chau’s history and culture

Long-abandoned venue screened films from 1931 to 1997 and is one of city’s two remaining cinemas from pre-war era.

Posted on 19/08/2023

China’s Troubles Rattle Global Stocks and Drag Hong Kong Into Bear Market

The Hang Seng Index has fallen more than 20 percent from its recent high, as investors grow more pessimistic about China’s post-pandemic recovery.

Posted on 19/08/2023

Hong Kong’s benchmark stock index just closed in a bear market as China’s economy wavers

The Hang Seng Index has tumbled more than 20% from its recent high, with global investors growing more cautious around China's ailing property market.

Posted on 18/08/2023

Why were some of the new offices in Hong Kong difficult to lease out?

That is despite offering attractive rental levels. Most companies in Hong Kong were not in expansion modes with business prospects still far from certain. According to Savills, even with ...

Posted on 18/08/2023

Hong Kong Food Expo: truffle milk tea and prize of 500 cans of abalone among lures exhibitors hope will drum up business

Operators are predicting up to 20 per cent boost in business over last year’s fair following end of pandemic restrictions.

Posted on 18/08/2023

Hong Kong property: developers give land for starter homes in Tsuen Wan the cold shoulder as market struggles with high rates, low demand

Only Grand Ming Group bid on deadline day for the parcel earmarked for 1,950 flats that must be offered as starter units priced at 80 per cent of market value The 'complicated' nature of the project, ...

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