One of Hong Kong’s oldest brokerages is boosting its wealth management operations in the city, where millionaires are being minted by a property boom. Everbright Sun Hung Kai Co., a unit of China’s Everbright Securities Co., plans to add 100 ... ( read original story ...)
Hong Kong police arrest seven and seize about HK$20 million worth of cash and drugs in organised crime crackdown
Hong Kong police have seized about HK$20 million (US$2.5 million) worth of cash and drugs in seven arrests over the past three days as part of the wider Thunderbolt 18 operation against organised crime. On Monday night, police arrested three suspected drug ... ( read original story ...)
Mainland Chinese woman accused of taking photos in Hong Kong courtroom remanded in custody after failing to post bail
A mainland Chinese woman accused of taking photos in a Hong Kong court was on Tuesday remanded in police custody, after she failed to post cash bail of HK$50,000 (US$6,400) as ordered by a judge. Tang Lin-ling was told last Friday by Mr Justice Andrew Chan ... ( read original story ...)
Swiss watch exports rise in April as Hong Kong booms
ZURICH (Reuters) - Swiss watch exports rose 13.8 percent in April to 1.76 billion Swiss francs ($1.77 billion), powered by a boom in the crucial Hong Kong market, trade data showed on Tuesday. The news is a boon for Swiss watchmakers such as Swatch Group ... ( read original story ...)
New study into Hong Kong’s forsaken ‘cardboard grannies’ finds they earn just HK$716 a month
Releasing its findings on Monday, the group estimated there were about 2,900 people on the streets of Hong Kong each day collecting rubbish, though it was a rough projection based on visits to 58 of the city’s 320 recycling shops. “They are mostly ... ( read original story ...)
Hong Kong’s ethnic minority pupils still struggling with Cantonese at school – despite annual funding of HK$200 million, NGO finds
Ethnic minority children in Hong Kong are struggling to learn Cantonese because schools are not equipped to teach it as a second language, even though the government devotes HK$200 million (US$25.6 million) a year to the cause, an NGO said on Monday. ( read original story ...)
Will Xi Jinping’s promise of Chinese state support for Hong Kong scientists spur innovation, or stifle it?
In some instances, they have been forced to pay tariffs when moving lab machines and equipment outside of Hong Kong. So, a report by state news agency Xinhua earlier this month revealing that President Xi Jinping had pledged to make the city an ... ( read original story ...)
Lawmaker Eunice Yung’s brief apology to Hong Kong’s domestic workers ‘just not good enough’ says migrant leader
Pro-establishment lawmaker Eunice Yung Hoi-yan briefly apologised to Hong Kong’s domestic workers on Sunday, and was immediately criticised for not going far enough. The New People’s Party legislator said sorry after offending many of the city’s ... ( read original story ...)
Massive beach clean-up for Hong Kong sea turtles
More than two thousand volunteers hit the beach on an outlying island of Hong Kong for a mass rubbish clean up Sunday as environment campaigners warned plastic is killing sea turtles and other wildlife. There has been increasing concern over the amount of ... ( read original story ...)
Hong Kong eyes mainland tax exemption for small group of professionals, boost for biotech industry
A small group of Hong Kong professionals, such as university professors, who work on the mainland for more than 183 days per year may be exempt from paying higher mainland Chinese salaries tax under new arrangements, according to the city’s financial ... ( read original story ...)
Hong Kong is second largest market in the world for smuggled endangered black spotted turtles, report finds
Hong Kong has become the second largest market for smuggled endangered black spotted turtles, an international report published on Monday found. Customs and police officers in Hong Kong seized 1,775 black spotted turtles – 17 per cent of the overall ... ( read original story ...)
HONG KONG | European stocks drop amid Italy uncertainty, oil falls again
HONG KONG — European stock markets slipped Monday after small ... ANALYST TAKE: “The euro has had a rough go lately, reflecting a firehose of negative news headlines. It started with the loss of data momentum and now political risks have injected ... ( read original story ...)
Hong Kong’s problem with date rape drug GBL sent by mail from Lithuania
A greater amount of a date rape drug was seized in Hong Kong in the first four months of this year than in the whole of 2017, customs figures show, with the chemical also finding its way to the city centre when previously it was mostly discovered in ... ( read original story ...)
Uber Hong Kong in talks over ‘goodwill payment’ to compensate family of dead driver
Uber Hong Kong is in talks over an ex gratia payment to the family of a driver who died last month in the city’s first fatal accident involving the ride-hailing firm, the Post has learned. Fifty-year-old Uber driver Hui Ki-wai was killed when his BMW ... ( read original story ...)