Daily Flash
An ambitious 100 billion Hong Kong dollar (approximately $12.8 billion) urban development project near Hong Kong’s international airport is facing significant challenges. At the heart of this venture lies 11 Skies, a massive shopping mall that has struggled to attract tenants as the developer, New World Development, finds itself in a precarious financial position. Despite…
HONG KONG – Singapore-listed Mandarin Oriental International, part of the Jardine group, is in talks to sell the upper 13 floors of One Causeway Bay in Hong Kong to Alibaba Group Holding, a newspaper reported. The deal is worth about HK$7 billion (S$1.16 billion), the report in the Hong Kong Economic Times on Sept 30…
Chinese People’s Liberation Army Navy ship Qi Jiguang sails on Hong Kong waters, Sept 30, 2025. (ANDY CHONG / CHINA DAILY) Chinese People’s Liberation Army (PLA) Navy ships Qi Jiguang and Yimengshan entered Hong Kong waters on Tuesday morning. Escorted by vessels from the PLA Hong Kong Garrison and the SAR government, Qi Jiguang and…
Chinese technology giant Alibaba Group Holding Ltd. is near a deal to buy the top 13 floors of One Causeway Bay, an upscale Hong Kong office tower. The deal is reportedly worth $900 million, according to the Hong Kong Economic Times. If consummated, the transaction would mark one of the largest property plays by a…
Investors from China and Hong Kong committed nearly $922 million to Thailand from January to August 2025, the Ministry of Commerce said. Total foreign projects approved reached about $6.27 billion, up 125% from a year earlier. Thailand’s Department of Business Development (DBD) said 687 foreign investors were cleared to operate in the period. Approvals came…
A sign outside the Serbia Zijin Mining complex, operated by Zijin Mining Group Co., in Bor, Serbia, on Thursday Aug. 24, 2023. Bloomberg | Bloomberg | Getty Images Zijin Gold shares surged over 60% Tuesday as the Chinese miner’s international unit made its trading debut in Hong Kong. The company had raised nearly 25 billion…
People walk past the Exchange Square, which houses the Hong Kong Stock Exchange, in Central, Hong Kong, Aug 20, 2025. (EDMOND TANG / CHINA DAILY) Zijin Gold International Co jumped in its Hong Kong Special Administrative Region trading debut after the international unit of the Chinese mainland’s biggest miner raised $3.2 billion in the world’s…
Onlookers have gathered on both sides of Hong Kong’s Victoria Harbour to welcome two People’s Liberation Army (PLA) naval vessels that sailed into the city’s waters for a four-day port call as part of National Day celebrations. Training vessel Qi Jiguang and amphibious landing ship Yimeng Shan arrived at around 7am on Tuesday via Tathong…
Real estate prices in the financial hub have slumped 30% since 2021. Yet most lenders remain well capitalized, partly thanks to authorities’ efforts to curb speculative excess. More challenges await, but it’s a timely reminder of the value of strong counter-cyclical regulation. Source link
Multi-platinum singer-songwriter Jay Sean, famously known for his hit track Down featuring Lil Wayne, will be in town for a one-off performance. Head to The 33 club on Wyndham Street on Thursday, October 2, to catch this R&B and British hip-hop artist highlighting his best hits. The 33 is not exactly a massive club, so…