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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 ...

Posted on 18/01/2024

Milktea sweeps Hong Kong’s typhoon name poll

Brace for Typhoon Milktea, as the city’s iconic drink storms to the top in The Hong Kong Observatory’s (HKO) Tropical Cyclone Name Collection poll with 15,750 votes. HKO embarked on a quest for 20 ...

Posted on 18/01/2024

When Spaniards sailed a junk boat from Hong Kong to Barcelona – a trip that would take 8 months

In 1959, a Spanish crew hoping to follow the example of mariners during the days of ancient China set sail in a junk boat from Hong Kong to Barcelona Thousands of supporters cheered their arrival ...

Posted on 18/01/2024

Belt-tightening Hong Kong needs to learn to avoid white elephant projects

With a large budget deficit, the city should re-evaluate projects such as the Kau Yi Chau artificial islands to avoid costly but underused infrastructure like the Kai Tak Cruise Terminal and Hong Kong ...

Posted on 18/01/2024

Hong Kong shares drop 3.7% and mainland China stocks tumble to near 5-year lows

The sell-off came after China reported that the economy grew 5.2% in the fourth quarter, slower than expected. Retail sales for December also missed expectations.

Posted on 18/01/2024

Male nurse at Hong Kong mental hospital suspended after allegedly slapping and punching patient

Male nurse, 61, said to have shouted at patient, 22, before slapping and punching him on face and hitting his upper body with his fist.

Posted on 18/01/2024

Rent rises required to build more Hong Kong housing

The Housing Authority will need more money if the Hong Kong government is to meet its accommodation targets for the less well-off From public rental leases to subsidised home purchases, the Housing ...

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