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Posted on 16/03/2023

Hong Kong’s subsidised youth hostels available from HK$3k, but tenants must undergo weeks of community service

The blueprint also aimed to increase the supply of youth hostels and support young people to find jobs or start a business in the Greater Bay Area. Daniel Chan, president of Po Leung Kuk, later told ...

Posted on 16/03/2023

US regulators to visit Hong Kong for fresh round of audit inspections – sources

HONG KONG, March 16 (Reuters) - Officials from the U.S. audit watchdog ... reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to ...

Posted on 16/03/2023

China, Hong Kong stocks fall as growing banks turmoil unnerves investors

China and Hong Kong stocks fell on Thursday, weighed by new energy and oil stocks, as Swiss regulators’ unprecedented move to pledge a liquidity lifeline to top lender Credit Suisse stoked fears of a ...

Posted on 16/03/2023

Computer breakdown at Hong Kong airport delays hundreds of travellers – media

Hundreds of travellers at Hong Kong's international airport faced delays on Thursday after computer services broke down, broadcaster TVB reported, with footage showing scores of people stuck in queues ...

Posted on 16/03/2023

Domino’s Pizza Franchiser DPC Dash Looks to Tap Hong Kong IPO Market

DPC Dash Ltd., the operator of Domino’s Pizza in China, is seeking to test investor’s appetite through an initial public offering in Hong Kong. The company, which postponed an IPO in December due to ...

Posted on 16/03/2023

Digital Banking: Hong Kong’s livi Bank Launches New Business Service to Empower SMEs

livi bank, which claims to be one of Hong Kong’s leading lifestyle and technology-driven virtual banks, recently announced the full launch of livi Business, which is described as its game-changing ...

Posted on 16/03/2023

Hong Kong stocks slump amid Credit Suisse sell-off as stress from SVB, other US bank failures clouds Fed rate path

Banks led losers in early trading. HSBC slipped 3.2 per cent to HK$53.40, while its subsidiary Hang Seng Bank declined 2.1 per cent to HK$115.10. ICBC weakened 0.5 per cent to HK$4.22. Insurer AIA ...

Posted on 15/03/2023

‘Money Machine’ Is Missing the Juicy Details of Chinese Banking

Review: ‘Money Machine’ Is Missing the Juicy Details of Chinese Banking Create an FP account ... based out of Hong Kong rather than the mainland. Sometimes, the reader learns more about ...

Posted on 15/03/2023

US stock fall as bank worries spread to Europe; Dow down 500

Three recent bank failures in the U.S. have investors on edge ... but fewer than one in five workers belongs to a union. The Hang Seng in Hong Kong jumped 1.5% to 19,539.87. The Kospi in Seoul surged ...

Posted on 15/03/2023

Hong Kong treasury chief to visit UK and commerce secretary to go to US in first top-level trips to West in 3 years, sources say

Treasury secretary Christopher Hui to go to UK in April and Algernon Yau to visit US in May Visits arranged as city mounts major drive to repair economic damage caused by coronavirus restrictions ...

Posted on 15/03/2023

Abby Choi murder: Hong Kong authorities vow to tackle public housing abuse after model’s ex-father-in law found to own luxury home and subsidised flat

Housing chief pledges to review eligibility rules under Home Ownership Scheme to close loophole that allows wealthy public housing tenants to buy subsidised flats Housing Bureau earlier admitted the ...

Posted on 15/03/2023

Bank Failure a Headache for China’s Tech Sector

It's not clear where Chinese firms will move their money now that their 'go-to' tech bank collapsed. Asian markets breathed the sigh of a relief rally on Wednesday, as the fallout from the failure of ...

Posted on 15/03/2023

Forty US senators join push for tougher stance over China’s treatment of Hong Kong

Forty of the 100 U.S. senators co-sponsored a resolution on Wednesday urging a strong U.S. government response to any Chinese efforts to clamp down on dissent in Hong Kong, including the use of ...

Posted on 15/03/2023

Hong Kong 47: Prosecution witness democrat says he did not want to see ‘mutual destruction’ in city

Ex-lawmaker Au Nok-hin, who is testifying for the prosecution in Hong Kong’s landmark 47 democrats case has said he did not want to see “mutual destruction” happen in the city. The term refers to what ...

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