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Posted on 29/01/2023

Hong Kong, foreign banks can expect brighter outlook in post zero-Covid China, but will need to rejig strategies

The outlook for offshore banks in mainland China is expected to be brighter in 2023 amid the country’s reopening and exit from strict zero-Covid policies, but this will also require the lenders to ...

Posted on 29/01/2023

Hong Kong start-up Archireef expands into Abu Dhabi with launch of eco-engineering facility to save marine ecosystems

Archireef's facility launched in December in Abu Dhabi can produce five 3D-printed reef tiles a day and it is also working on restoring marine ecosystems in the city The reef tiles developed by ...

Posted on 29/01/2023

Biden extends deportation protections for Hong Kong residents amid ‘increasing repression’ in China

President Joe Biden signed off on a two-year extension of a program that protects Hong Kong residents in the U.S. from deportation due to "increased repression" from the Chinese government.

Posted on 29/01/2023

Hong Kong traders dump stocks of CBD products linked to cannabis ahead of February 1 ban

City authorities draw the line on cannabidiol, despite ongoing debate among experts on risks of abuse Some traders still selling remaining stocks of CBD products, which gained popularity in recent ...

Posted on 28/01/2023

Ex-Hong Kong leader CY Leung dismisses concerns over talent lost to Singapore, stresses allure of ‘gateway to China’

As proof of Hong Kong's vitality, Leung pointed to the Global Financial Leaders' Investment Summit held in November last year, which attracted more than 200 decision-makers in banking. Leung also ...

Posted on 28/01/2023

US’ clumsy intervention in Hong Kong affairs doomed to failure: Chinese FM

BEIJING: The spokesperson for the Commissioner's Office of the Chinese Foreign Ministry in the Hong Kong Special Administrative Region (HKSAR) strongly disapproved and firmly rejected the US governmen ...

Posted on 28/01/2023

Hong Kong’s finance chief floats tax break for middle-class families with foreign domestic helpers

Hong Kong’s finance chief has vowed to consider a tax break for middle-class families who hire foreign domestic workers to help them cope with the pressures of a post-pandemic economy. While current ...

Posted on 28/01/2023

Vietnam will always remain a good business partner of Hong Kong, says top official

Vietnam is always a very good business partner of Hong Kong (China), and the two sides have maintained effective trade and investment ties over the past years, according to Hong Kong’s Secretary for ...

Posted on 28/01/2023

Hong Kong’s Hang Seng Index closes 0.54 pct higher

Hong Kong's stock market ended higher on Friday with the benchmark Hang Seng Index up 0.54 percent to close at 22,688.9 points.

Posted on 28/01/2023

Hong Kong won’t be open for business till mask mandate is dropped

Readers discuss the city's mask mandate, and a country's decision to ban arrivals from China I am writing in response to the letter, "Why Hong Kong should not go maskless with abandon" (January 21).

Posted on 28/01/2023

FTX creditors list includes more than 50 Hong Kong institutions, including regulators HKMA and SFC

The Hong Kong Monetary Authority and the Securities and Futures Commission were two of thousands of entities included on a list of potential creditors to FTX The broad list does not mean named ...

Posted on 28/01/2023

Chinese Companies Raise Big Bucks In New York, Hong Kong

Eight Chinese companies have collectively raised more than $2 billion this month in Hong Kong and New York, seizing on recent positive market sentiment. The movement could augur a new fundraising wave ...

Posted on 28/01/2023

China Stocks Veteran Hao Hong Sees Hong Kong Surge to 2021 Highs

Hong Kong’s benchmark equity index may jump to the highest level since early 2021, after investors are back in force following the Lunar New Year holidays, according to long-time market veteran Hao ...

Posted on 28/01/2023

Hong Kong will ban ‘dangerous drug’ CBD next month

The ban is in keeping with a zero-tolerance policy toward drugs in Hong Kong, a semi-autonomous southern Chinese business hub, as well as on mainland China, where CBD was banned in 2022. Chinese ...

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