The Chinese president is on a three-day visit to the former Portuguese colony 25 years after its return to Chinese sovereignty, providing him with an opportunity to send messages to Hong Kong as well, and stress the potential of the Greater Bay Area. The stop on Hengqin Island is significant, since it is slated to…
By Kanjyik Ghosh (Reuters) -The president and financial chief of China’s Ant Group, Cyril Han, will take over from Eric Jing as chief executive from March 1, showed an internal memo seen by Reuters which was confirmed by a spokesperson. Han will continue to report to Jing who will remain as chairman, the memo showed….
Stellantis CEO Carlos Tavares, pictured in January 2023, was made chief executive when PSA and Fiat-Chrysler merged to form the new group (Robyn BECK) Stellantis chief executive Carlos Tavares on Sunday resigned “with immediate effect”, the auto giant announced, signalling differences over how to confront the group’s profit slump. The Italian-US-French company, whose brands include…
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…