Tens of thousands of Hongkongers and tourists lined the streets in Tsim Sha Tsui on Tuesday evening for the city’s annual Lunar New Year float parade, with the crowd left in awe as they saw dancers, dragons and other delights. The two-hour Cathay International Chinese New Year Night Parade began at 8pm on Tuesday with…
As Hong Kong, mainland China and several other Asian markets usher in the Year of the Horse on Tuesday, the region’s commercial real estate sector is expected to draw increased cross-border capital, with certain segments set to outperform as mega-deals make a comeback, analysts said. Asia-Pacific was set to be a focus among global investors,…
Hong Kong commercial real estate is the Asia-Pacific region’s fifth most favoured investment destination for cross-border capital this year, underscoring an improved outlook for the city’s battered property market, according to a CBRE report. Hong Kong also recorded the second-highest number of luxury residential property deals among 12 super-prime markets worldwide in the last quarter…
Former governor Chris Patten once said nobody ever profited from betting against Hong Kong. Anybody wagering against its “one country, two systems” policy will undoubtedly be out of pocket. Since 1997, the policy has been the city’s lodestar. While the post-reunification settlement was repeatedly challenged, most notably during the 2019 social unrest, Hong Kong has…
Hong Kong’s transport minister has promised to refine a policy requiring seat belts to be worn on buses by ensuring the devices become more user-friendly, while acknowledging lawmakers’ calls for a review of the recent law. Secretary for Transport and Logistics Mable Chan made the pledge on Wednesday, less than a week after the new…
Hong Kong’s rail giant has sold its first-ever Australian dollar-denominated green bonds for a record A$2 billion (US$1.4 billion) to fund environmentally friendly projects, marking the country’s largest order book. The bonds, issued in two equal tranches, were oversubscribed more than sixfold by a variety of investors, the MTR Corporation said on Tuesday. The offering…
TikTok’s Chinese owner, ByteDance, has finalised a deal to establish a majority US-owned joint venture company to avoid a ban on the popular social media app used by more than 200 million Americans. The deal is a milestone for the short video app after years of battles that began in August 2020, when US President…
China’s air force now seriously threatens the US and Western counterparts in key areas, representing “a potentially revolutionary challenge” to the Indo-Pacific region, a new report says. It has long been assumed that the US had a superior air force to China and would comfortably handle any aerial battle in any conflict involving Taiwan. China…
Hong Kong should expand its annual marathon into a two-day race and add more diverse routes to attract more participants and boost the city’s mega-event economy, two lawmakers have said. They also said on Monday that organisers of the Standard Chartered Hong Kong Marathon could design routes through less urbanised areas, such as Kai Tak…
Chow Tai Fook Enterprise (CTFE), the parent of embattled New World Development (NWD), will keep pursuing deals that create “win-win outcomes”, chairman Henry Cheng Kar-shun said as he revealed the private investment holding company’s philosophy for the first time. While all investors love to talk about mutual benefit, Cheng told the Post – in his…