Daily Flash
Family happiness in Hong Kong has improved for the first time in three years but not recovered to pre-pandemic levels, with mental health experts calling for the government to develop family policies using Singapore as a model. HK. WeCARE, a concern group under Wofoo Social Enterprises, revealed on Thursday the family happiness index stood at…
A Hong Kong social worker who earlier launched a judicial challenge against the government’s approval of an environmental study of the San Tin Technopole project has been charged with defrauding social welfare authorities to obtain more than HK$16,000 (US$2,049) in old age allowance. Eddie Tse Sai-kit, 67, was accused of failing to declare that his…
In March, Hong Kong actor Nicholas Tse secured a lease for a retail space in Central Hong Kong for HK$60,000 (US$7,721) per month—a remarkable 40% reduction from its original listed price of HK$100,000. This transaction comes after the unit languished vacant for over a year, underscoring the current challenges in the market. Prime Property Discounts…
In this week’s Hong Kong Edition, we examine the challenging outlook for the world’s biggest listing this year in CATL, interview Elephant Grounds’ co-founder Gerald Li and indulge in a 12-course cheese feast at a new restaurant on Aberdeen Street. Source link
Just 6 months after its New York IPO, China’s Pony AI may be exploring a listing in the city. The risk of being kicked off American exchanges makes finding a second home more urgent. Meanwhile, dual-listed Alibaba and peers show the Asian financial hub can offer decent liquidity. Full view will be published shortly. Follow…
Hong Kong stocks rose 56 points or 0.2% to 23,691 during Thursday’s morning session, marking a second straight day of gains. Traders reacted to Beijing’s decision to lift export curbs on rare earths and military-use technologies for 28 U.S. entities, effective Wednesday, allowing exporters to apply for licenses during a 90-day window. China also temporarily…
More than half will access travel insurance through credit card benefits. Nearly 90% of Japanese travellers planning trips in 2025 intend to purchase travel insurance, according to the inaugural Allianz Partners Travel Index. The data highlights strong insurance uptake amongst outbound travellers, with safety and financial protection being key drivers amid rising travel costs and…
(Reuters) -Chinese drug developer and producer Jiangsu Hengrui Pharmaceuticals is seeking to raise up to HK$9.89 billion ($1.27 billion) in a Hong Kong initial public offering, according to a regulatory filing made on Thursday. The offer price will be between HK$41.45 and HK$44.05 per share, according to a prospectus filed by the company to the…
The recent property downturn has paradoxically increased the market dominance of Hong Kong’s three biggest developers. An estimated 60 per cent of new residential units this year and next will be delivered by Sun Hung Kai Properties (SHKP), CK Asset Holdings and Henderson Land, up from 40 per cent in the past two years. Meanwhile,…
Hong Kong journalists have told HKFP that police have stopped them from taking photos and videos of two sites linked to Beijing’s national security office, which are among six designated “prohibited places.” Google Streetview imagery from March 2024 shows the junction of Hoi Fan Road and Sham Mong Road. Photo: Google Street View. Benjamin, a reporter at a…