Hong Kong and the EU have pledged to strengthen ties in areas such as decarbonisation, even as the bloc’s top representative to the city said they would continue to critique the financial hub in a “constructive manner”. Delivering a pair of opening remarks at an event on Friday to mark Europe Day, both Harvey Rouse,…
Macau’s “resolute implementation” of Chinese President Xi Jinping’s orders has led to a good start by the new administration, Beijing’s point man on the city’s affairs has said on the second day of a fact-finding mission. Xia Baolong, director of the Hong Kong and Macau Affairs Office (HKMAO), also said on Friday that Chief Executive…
Three of Hong Kong’s biggest developers – Sun Hung Kai Properties (SHKP), CK Asset Holdings and Henderson Land – are expected to dominate the housing market, as homebuyers increasingly prefer smaller flats amid economic jitters, according to JLL. The trio were set to deliver 60 per cent of new residential units in 2025 and 2026,…
Hong Kong lawmakers on Thursday unanimously passed a motion calling for unity in countering US tariffs, with some calling on tycoon Li Ka-shing’s CK Hutchison Holdings not to go ahead with selling its Panama ports. The motion, put forward by lawmaker Ma Fung-kwok, urged authorities and the city’s industries to “resolutely dovetail with our country’s…
Beijing’s point man on Macau affairs has embarked on a six-day fact-finding trip to the city and has acknowledged the “good start” made by the new administration. Xia Baolong, director of the Hong Kong and Macau Affairs Office (HKMAO), arrived in the city on Thursday afternoon for a visit that runs until Tuesday. “Upon his…
A former bus technician has been jailed for a year under Hong Kong’s domestic national security law for publishing derogatory comments on social media, including depicting police officers as “rogue cops” and the city as an “international hub of false imprisonment”. Li Chun-kit, 36, on Thursday pleaded guilty at West Kowloon Court to one count…
Hong Kong flag carrier Cathay Pacific Airways’ cargo business faces declining China-US e-commerce volumes, rising chartered flight cancellations and falling freight spot rates, but full-year profits could be cushioned by lower jet fuel costs, according to a research report. The report, which was published by HSBC on Wednesday, also said the company’s cargo business would…
Hong Kong stocks rose for a sixth straight day after Beijing unveiled a number of measures to support the economy and stabilise its markets ahead of US-China tariff talks this weekend. Overnight, the US Federal Reserve kept its interest rate unchanged, reiterating that it was not in a hurry to make cuts. Also, the Trump…
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Early figures from China’s two dominant mobile payment services, Alipay and WeChat Pay, showed strong inbound travel spending during the country’s five-day Labour Day holiday. Alipay, a unit under Ant Group, said in a statement on Monday that both the number of transactions and total spending by inbound travellers across 13 e-wallets in its network…