Three of the four arrested are family members that allegedly ran syndicate, including a 39-year-old man and his 66-year-old father.
HKMA receives ‘broad support’ for plans to simplify banking system
Hong Kong’s de facto central bank proposed last year to reform the current three-tier system, which comprises licensed banks (LBs), restricted licence banks (RLBs) and deposit-taking companies (DTCs).
Bodies of bedridden Hong Kong woman, middle-aged son found in flat
The bodies of a bedridden 82-year-old Hong Kong woman and her son have been found in their flat, with investigators believing he died leaving no one to take care of her, the Post has learned. Police ...
Plans for Hong Kong’s 4th subsidised youth hostel approved, with rent starting at HK$3,400
Authorities have approved plans for a fourth youth hostel, with monthly rent starting at HK$3,400, under a scheme to provide affordable accommodation for young Hongkongers in one of the world’s most ...
PhD student at university in Hong Kong admits splashing semen on woman’s buttocks
Lai Changwei, 26, pleads guilty to indecent assault, which judge calls an ‘extremely insulting’ offence against his victim, 22 ...
Hong Kong court adjourns Chinese developer Shimao’s liquidation petition
(Reuters) -Embattled Chinese property developer Shimao Group said on Thursday a Hong Kong court had adjourned a winding up petition against the company to Dec. 16, allowing Shimao more time to work ...
China’s top diplomat in Hong Kong meets US envoy, condemns ‘negative remarks’ about city
China’s top diplomat in Hong Kong has met the US Consul-General Gregory May to protest against “negative remarks,” after May said the city’s One Country, Two Systems governing principle now only ...
3 from Vietnam plead guilty to serving dog, cat dishes in unlicensed Hong Kong diner
Law enforcement seized 35kg of smuggled dog and cat meat at unlicensed Vietnamese restaurant in Mong Kok tenement flat, court hears ...
Can Hong Kong’s fine dining restaurants adapt to survive? It’s a Michelin-starred struggle as economy dips and tourists seek value
With many diners heading across the border to eat out, local restaurants are discovering they have to shake things up and find ways to offer more affordable meals ...
TSMC-linked China auto chip maker plunges over 30% in Hong Kong IPO
HONG KONG -- Black Sesame International, an automotive chip maker from China that fully relies on Taiwan Semiconductor Manufacturing Co. (TSMC) for its production, made a dismal debut on the Hong Kong ...
Swire Pacific, Wharf results dragged down by Hong Kong, China property markets
The subdued office rental market hit Swire Pacific’s property unit Swire Properties, where underlying profit fell 8 per cent year on year to HK$3.57 billion. Meanwhile, sluggish homes sales did the ...
Xiaomi-Backed AI Chipmaker Black Sesame Falls in Hong Kong Debut as AI Frenzy Wanes
Shares of artificial intelligence chipmaker Black Sesame International Holding Ltd. tumbled as much as 35% on their debut, dealing a blow to Hong Kong’s efforts to lure more technology listings.
Hong Kong taxi driver, 77, passenger injured after crashing into lamp post in Admiralty
Crash temporarily disrupts westbound tram services and two car lanes on Queensway during morning rush hour A taxi driver, 77, and his passenger were injured after crashing into a lamp post in Hong ...
Hong Kong stocks erase losses on fund, rating shift while Black Sesame sinks in IPO debut
Hong Kong stocks erased losses to chart a second day of gains on ... Analysts at BCA Research upgraded their rating on Chinese equities listed on offshore exchanges. The Hang Seng Index gained 0.7 per ...