Daily Flash
May 30, 2025 The luxury residential property market in Hong Kong is showing signs of recovery as the chairman of Hong Kong Exchanges and Clearing (HKEX) recently sold a house in Pok Fu Lam for HK$70 million (US$8.9 million). According to the South China Morning Post, this sale price is approximately three times what Carlson…
Despite substantial visitor numbers, Hong Kong’s hotel sector has been characterized by improving occupancy but falling average rates, as most overnight visitors adopt a more conservative approach to spending, according to Colliers. This impacted performance across hotel categories and proved a challenge for the retail and food and beverage sectors in the first quarter. While…
Mandarin Oriental, Hong Kong and luxury commercial complex Landmark are set to introduce Terrace Boulud, a new dining destination from award-winning French chef Daniel Boulud, in January. Located on the 25th floor of Landmark Prince’s (connected to the Mandarin Oriental, Hong Kong), Terrace Boulud marks Boulud’s first foray into Asia and the Mandarin Oriental’s first…
China on Friday signed a convention forming a global mediation-based dispute resolution organization in Hong Kong, seeking to grow it in status similar to bodies such as the International Court of Justice (ICJ). More than 30 countries backed the Convention on the Establishment of the International Organization for Mediation in Hong Kong, including Laos, Cambodia, Serbia, Papua New…
The Hong Kong government will offer incentives to attract more issuers and investors to participate in catastrophe bonds in the city to help address growing climate risks. “Hong Kong is the best investment hub for catastrophe bonds because we have capital, financial infrastructure and all the professionals and brokers needed to support the issuance of…
An intense fire which blazed for more than 20 hours at a Hong Kong warehouse has been largely extinguished. In an update at around 11.30am on Wednesday, the Fire Services Department said the blaze at the warehouse on Ha Tsuen Road in Tin Shui Wai was largely put out at around 10am. Firefighters were still…
HONG KONG — Hong Kong’s prominent pro-democracy and LGBTQ+ activist Jimmy Sham was released from prison on Friday after serving over four years in the city’s biggest national security case under a Beijing-imposed law. Sham’s activism made headlines during 2019 anti-government protests, when he was the convenor of a now-disbanded pro-democracy group that organized some…
Hong Kong Debuts Islamic Bond ETF As part of ongoing efforts to strengthen Middle Eastern links, Hong Kong has launched its first-ever Islamic bond ETF. Hong Kong has listed its first-ever Islamic bond – also known as sukuk – exchange-traded fund (ETF), according to a statement by the Securities and Futures Commission (SFC). «Strengthening collaboration…
HONG KONG (AP) — Dozens of countries joined China on Friday in establishing an international mediation-based dispute resolution group. Representatives of more than 30 other countries, from Pakistan and Indonesia to Belarus and Cuba, signed the Convention on the Establishment of the International … Source link
If you’re looking for some inspiration on what to do this weekend, we have you covered. Culture vultures can catch Wes Anderson’s latest offering, The Phoenician Scheme, or artist Ernest Chang’s exhibition “Artifice” at The Stallery. Fans of all things South Korean can celebrate its traditional alcohol at the inaugural Taste Sool: The First Sip,…