Tropical Storm Toraji may have seemed largely a non-event to those braced for violent weather. What set it apart is that the city’s stock exchange broke with past practice by trading normally. By contrast, the Jockey Club abandoned the last three races of a nine-race card at Happy Valley on Wednesday night ahead of a…
A major global university ranking company has said the city’s new “Study in Hong Kong” campaign launched at an opportune time given the fee rises, quotas and visa problems experienced at institutions in some traditionally popular destinations in the West. But Quacquarelli Symonds (QS), a British-based education information firm, said Hong Kong needed to put…
Macau Chief Executive-designate Sam Hou-fai received his formal appointment letter from Chinese Premier Li Qiang on Friday, with President Xi Jinping witnessing the event and expressing hopes the new leader would unite all sectors of the casino hub. Sam, Macau’s first leader born on mainland China, is set to take office on December 20 after…
Macau Chief Executive-elect Sam Hou-fai received his formal appointment letter from Chinese Premier Li Qiang on Friday, with President Xi Jinping witnessing the event and expressing hopes the new leader would unite all sectors of the casino hub. Sam, Macau’s first leader born on mainland China, is set to take office on December 20 after…
Hong Kong Chief Executive John Lee Ka-chiu delivered his third policy address on October 16. As expected, he opened with an iteration of Beijing’s expectations of Hong Kong and the city’s institutional strengths under “one country, two systems”, plus the completion of its constitutional duty to enact national security legislation. Though economic competitiveness was not…
Hong Kong’s surprise move to ease mortgage restrictions aims to restore “normality” in the sluggish property market and bolster investor confidence, the finance minister has said. Financial Secretary Paul Chan Mo-po also said on Friday that relaxing rules for a cash-for-residency scheme, which will now cover investments in luxury homes, would lure more applicants without…
Hong Kong, SAR–(Newsfile Corp. – October 17, 2024) – John Lee, Chief Executive of the Hong Kong Special Administrative Region unveiled a range of measures in his 2024 Policy Address (October 16) to inject greater vitality into the economy, focusing on both established and emerging industries. In terms of existing businesses, Mr Lee said the…
Hong Kong business leaders have described Chief Executive John Lee Ka-chiu’s latest policy address as a much-needed holistic economic blueprint as the city seeks out fresh growth opportunities, but some stakeholders have criticised efforts to combat subdivided housing as not going far enough. The blueprint covers near-term measures such as easing mortgage lending restrictions, supporting…
Chief Executive John Lee Ka-chiu is doubling down on wide-ranging reforms aimed at improving the economy and people’s livelihood. His determination to overcome the prevailing difficulties and build a brighter future under the national development framework is a positive response to the aspirations of the public and the country. But the challenging geopolitical environment and…
Chief Executive John Lee Ka-chiu announced an economic reform blueprint on Wednesday aimed at transforming Hong Kong’s traditional sectors such as finance, trade and shipping, and investing in new technology industries, while rolling out a bigger welcome mat for foreign talent and funds. In his third policy address since becoming Hong Kong’s leader, he also…