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Posted on 18/01/2024

Hong Kong stocks rebound, China shares languish near 5-year lows

Data on Wednesday showed China's economy expanded by 5.2% in the fourth quarter of 2023, missing Reuters poll estimates of 5.3% growth.

Posted on 18/01/2024

Apple Daily publisher testifies against former owner Jimmy Lai in Hong Kong trial

Other prosecution witnesses include Apple Daily's former associate publisher Chan Pui-man, former editorial writer Yeung Ching-kee, activist Andy Li and paralegal Chan Tsz-wah. They have all pleaded ...

Posted on 18/01/2024

Hong Kong’s two medical schools say they can expand to take on 100 more students a year each to help solve healthcare staffing problems

Medical deans of University of Hong Kong and Chinese University say they can expand if more doctors were needed.

Posted on 18/01/2024

‘I’m still somewhat optimistic about Hong Kong’: Nobel Prize-winning economist urges city to diversify investment portfolio, take full advantage of unique status

Joseph Stiglitz suggests Hong Kong government should invest more in education and healthcare in order to 'de-risk' amid geopolitical tensions 'Think about some of the new potential for Hong Kong in ...

Posted on 18/01/2024

Hong Kong retail: Chinese restaurant chain Peking Hotpot leases massive space in Central at 40% discount

Restaurants and retailers in Hong Kong are locking in leases for large spaces amid a revival in consumer sentiment and rising tourism numbers. A few lucky tenants are still finding bargains, as the ...

Posted on 18/01/2024

Hong Kong’s Oct-Dec Unemployment Holds Steady at 2.9%

HONG KONG (Reuters) - Hong Kong's seasonally adjusted unemployment rate stood at 2.9% in October-December, unchanged from the previous three-month period, the government said on Thursday, adding the ...

Posted on 18/01/2024

Meituan shares drop below its IPO price despite ongoing buybacks

Credit: Meituan Meituan continues to face pressure on its Hong Kong-listed shares, following a fall that has left shares worth less than its IPO price of HK$69 by Wednesday’s close, plunging the ...

Posted on 18/01/2024

Funding cut for Hong Kong’s top theatre awards to ‘minimise’ risk of national security law breach, Arts Development Council head says

Arts Development Council chairman Kenneth Fok says ‘several causes’ behind move to deduct part of HK$441,700 grant for ceremony held last June.

Posted on 18/01/2024

Investment in Hong Kong property set for turnaround in 2024 after hitting 15-year low last year, Colliers says

Investment in Hong Kong property fell by 28 per cent to HK$37 billion (US$4.73 billion) last year, its lowest level since the 2008 financial crisis, but is expected to rise to HK$50 billion in 2024, ...

Posted on 18/01/2024

Harvest Capital’s Invested Xiao Caiyuan Files for Hong Kong IPO, Securing Top Spot in Mass Chinese Catering Market

On January 16, 2024, China's prominent consumer investment institution, Harvest Capital, invested enterprise Xiao Caiyuan (officially known as XIAOCAIYUAN INTERNATIONAL HOLDING LTD), officially ...

Posted on 18/01/2024

Hong Kong’s green tech hub goal: nurture start-ups, identify advantages and create talent pool, fintech body says

Public-private collaboration to fund start-ups, attract and nurture talent pool can help city achieve green tech, finance hub goal, FinTech Association of Hong Kong’s Sandeep Sethi says.

Posted on 18/01/2024

What you need to know about Hong Kong’s coming waste-charging scheme, from where to get bags and how to save money

City's long-delayed municipal waste-charging scheme to take effect from April 1 The Post has prepared a guide to the scheme and what residents need to know Twenty years after the idea was first ...

Posted on 18/01/2024

Hong Kong stocks halt four-day rout as market’s slump to 14-month low deemed excessive

Hong Kong stocks rebounded on speculation a four-day rout in the city’s benchmark index was excessive. A technical indicator showed the market was oversold and due for a reversal. The Hang Seng Index ...

Posted on 18/01/2024

Hong Kong consumers warned against eating US-made Quaker oatmeal products on fears of salmonella contamination

It said PepsiCo was recalling the products sold in Hong Kong while taking the stock off shelves. The food safety body said it was aware of a notification from the United States Food and Drug ...

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