Daily Flash
French asset manager Amundi has largely cashed out of China’s September equity rally, reallocating more of its holdings to dividend stocks amid lingering doubts about the country’s economic outlook. The European firm, which manages €2.3 trillion (US$2.7 trillion) in assets, had trimmed positions in “overvalued” Chinese stocks while selectively increasing exposure to onshore shares over…
A Hong Kong woman who has once again defied the odds by having a second child at the age of 58 says the journey was far from easy, but hopes her story will inspire older childless couples not to give up on their dream of starting a family. Lilian Chan Lai-lai, 58, gave birth to…
China is justifiably proud of its accomplishments over the past three-quarters of a century, having evolved from a newly established republic in 1949 to one of the world’s leading powers and economies today. The deep sense of pride and achievement also resonated widely in Hong Kong as it celebrated National Day yesterday, although with mixed…
Hong Kong has widened its recognition of veterinary health certificates for cats and dogs imported from mainland China, expanding from only Shenzhen to all regions across the border. Hong Kong’s Agriculture, Fisheries and Conservation Department revealed on Tuesday that it was now accepting animal health certificates issued by official veterinarians from all customs authorities on…
The average monthly salary offered to domestic helpers in Hong Kong has increased by 7.9 per cent to HK$5,722 (US$735) compared with the previous year, according to a survey by a local recruitment platform. HelperChoice, which released the survey findings on Monday, said that the upwards trend in wages reflected a growing willingness among employers…
Hong Kong’s leader has pledged to “eliminate bottlenecks” and shorten the time needed to realise economic gains to ensure that residents from all walks of life can benefit from the city’s development. Speaking at this year’s National Day reception on Wednesday, Chief Executive John Lee Ka-chiu also vowed to continually enhance the city’s national security…
Mainland Chinese tourists were loosening their purse strings as they flocked to Hong Kong at the start of the National Day holiday on Wednesday, with many opting to stay a few days to enjoy the fireworks, outdoor attractions and urban vibes. Hong Kong authorities estimated that as many as 1.54 million mainland visitors, including 1,200…
Hundreds of thousands of spectators packed Hong Kong’s harbourfront for a fireworks display on National Day, capping off celebrations that included an open day at PLA naval ships and visitors descending upon the city for shopping, sightseeing and hiking. Police said 344,000 people packed both sides of Victoria Harbour to watch the 23-minute display on…
This story has been made freely available as a public service to our readers. Please consider supporting SCMP’s journalism by subscribing. Hong Kong is bracing for its fourth storm in five weeks, with one forecast to move close to the city this weekend, hot on the heels of Super Typhoon Ragasa, which brought life to…
This story has been made freely available as a public service to our readers. Please consider supporting SCMP’s journalism by subscribing. Hong Kong is bracing for its fourth storm in five weeks, with a typhoon forecast to move close to the city this weekend, hot on the heels of Super Typhoon Ragasa which brought life…