Daily Flash
Hong Kong’s finance chief is expected to deliver his budget speech on February 26 and is under mounting pressure to balance the books. The Post looks at the dilemmas involved and the political will required to address funding challenges in this series. Updated: 20 Feb, 2025 Source link
The opening of Hong Kong’s Kai Tak Stadium on March 1 will boast a star-studded line-up that includes martial artist Donnie Yen, Cantopop diva Joey Yung Cho-yee and singer Michael “MC” Cheung Tin-fu, with tickets to go for just HK$10 (US$1.29). Secretary for Culture, Sports and Tourism Rosanna Law Shuk-pui said on Thursday that 33,600…
The Securities and Futures Commission (SFC) outlined 12 major initiatives to enhance the security, innovation and growth of Hong Kong’s virtual asset (VA) market under a five- pillar “ASPIRe” roadmap, which stands for Access, Safeguards, Products, Infrastructure and Relationships (see Appendix). The initiatives will streamline access for global liquidity, enable adaptive compliance and product frameworks focusing on security, and drive…
Three people were arrested for illegally exporting around 30 tonnes of Wagyu beef from Japan to Hong Kong by falsely claiming it would be sent to Cambodia, local police said on Thursday. Sun Yongchao, 53, a trading company executive from China, Wang Ennian, 71, a corporate officer at a separate firm, and Wang’s daughter Hana…
More than 200 works by Chinese-French master Zao Wou-Ki, one of the greatest abstract artists of the mid- to late-20th century, will be shown at Hong Kong’s M+ museum later this year. The venue on Thursday said it was planning Asia’s first major retrospective of Zao’s graphic works with an exhibition tentatively titled “Zao Wou-Ki:…
The three-year senior unsecured fixed-rate sustainable-development bonds pay an annual coupon of 3.847 per cent, and will settle locally in Hong Kong’s Central Moneymarkets Unit (CMU), which tracks and manages Hong Kong-dollar debt securities and other financial products. The bonds attracted investors domestically and across Asia-Pacific, with the final order book reaching HK$9 billion with…
LM grew up in a small village on the Indonesian island of Java where food was central to daily life. “My mother, my grandparents, my aunts always cooked – food brought us together,” says LM (a pseudonym), who arrived in Hong Kong 23 years ago to work as a domestic helper and later joined her…
This content was published on February 20, 2025 – 04:32 (Bloomberg) — Equities fell across Asia as risk-off sentiment took hold following tensions between the US and Ukraine. The yen strengthened. A gauge of Asian shares dropped 0.8% and an index of Chinese technology shares in Hong Kong slumped by more than 2% after rallying…
Hong Kong – Sun Life and the Basketball Association of Hong Kong, China (BAHKC) have signed a three-year, HK$10 million partnership to support athletes, promote basketball, and enhance community engagement. As part of the initiative, Sun Life will provide medical and accident insurance for Hong Kong basketball team members and fund a scholarship program for…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Hong Kong’s long-running property market downturn has become a growing threat to its low-tax hub status, experts have warned, as years of fiscal deficits force the government to seek new revenue sources. The city will…