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Posted on 06/05/2024

Hong Kong government under fire over ‘unacceptable’ data breaches affecting 130,000 people, as lawmaker urges disciplinary action

Lawmaker Elizabeth Quat says department heads should be held accountable over ‘unacceptable’ cybersecurity failures ...

Posted on 06/05/2024

Hong Kong property: most middle-income households see prices rising now restrictions are in the past, Citibank survey finds

More than half of middle-income households in Hong Kong believe house prices are poised to rally now that all of the restrictions in the market have been scrapped, according to a survey by Citibank.

Posted on 06/05/2024

Hong Kong Monetary Authority to host world-class financial forum again in November

Hong Kong will roll out the red carpet to hundreds of top global bankers and finance executives in November a high-level financial conference to be hosted by the Hong Kong Monetary Authority (HKMA).

Posted on 06/05/2024

AI Startups are Now Reviving Loved Ones in Hong Kong, Allowing Relatives to Reconnect

Tech startups are now using AI to revive the dead, allowing relatives to converse with their late loved ones from beyond their lifetimes.

Posted on 06/05/2024

Low-budget Chinese travellers highlight shift in Hong Kong tourism

Cost-conscious Chinese tourists have replaced many of the cash-rich mainland travellers who once flocked to Hong Kong, with some only interested in free walking tours of the city and staying across ...

Posted on 06/05/2024

Merely 1 in 10 Hong Kong ethnic minority students get government-subsidised university spots in last 5 years

Education Bureau data indicates a success rate nearly three times higher for pupils from the majority population.

Posted on 06/05/2024

‘Golden week’ fireworks flop shows Hong Kong’s tourism plans lack sparkle

Turning spectacular displays into something more mundane is not how to make Hong Kong an attractive destination for mainland and foreign tourists, and the government needs to go back to the drawing ...

Posted on 06/05/2024

Mainland China shares book catch-up rally on stimulus hopes, Hong Kong edges lower

Chinese H-shares listed in Hong Kong fell 0.26% to 6,529.98, while the Hang Seng Index slipped 0.05% to 18,466.91. ** The smaller Shenzhen index was up 1.96%, the start-up board ChiNext Composite ...

Posted on 06/05/2024

Hong Kong Private Sector PMI Slips In April – S&P Global

The private sector in Hong Kong continued to expand in April, although at a slower pace, the latest survey from S&P Global revealed ...

Posted on 06/05/2024

Hong Kong baby with ‘irreversible’ brain damage, Teresa Teng’s death and what the butler saw: 5 weekend reads you missed

We have put together stories from our coverage last weekend to help you stay informed about news across Asia and beyond. If you would like to see more of our reporting, please consider subscribing.

Posted on 06/05/2024

Hong Kong property: mainland Chinese buyers snapping up 8 out of 10 new homes in some sales, agents say

Mainland Chinese buyers account for anywhere from 30 per cent up to 80 per cent of the sales in some recent launches, according to agents The strong return of mainland Chinese buyers is boosting hopes ...

Posted on 06/05/2024

HSBC HOLDINGS’ Shr Price in London Last Leaps ~3%, ~1% Ahead of Closing Price in HK

HSBC HOLDINGS (00005.HK)'s 1Q24 results were in line with expectations, and share buyback increased to US$3 billion. The Company said that Chief Executive Noel Quinn will retir... HSBC HOLDINGS (00005 ...

Posted on 06/05/2024

Hong Kong’s monetary authority to replace ‘virtual bank’ with ‘licensed digital bank’ to boost public confidence

The HKMA plans to replace the term ‘virtual bank’ with ‘licensed digital bank’ in reference to the city’s eight branchless lenders to remove negative connotations associated with the term in Chinese.

Posted on 06/05/2024

Hong Kong Exchange Fund reports US$7 billion gain in first quarter thanks to rise in overseas stock investments

Hong Kong’s Exchange Fund, the war chest used to defend the local currency, continued its comeback in the first quarter, posting a return of HK$54.3 billion (US$7 billion) as rising overseas stock ...

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