A subsidiary of state-owned conglomerate China Resources (Holdings) has acquired a Hong Kong hotel and plans to convert it into student housing amid a wave of investments driven by rising demand after the city raised the cap on non-local students. CR Longdation signed an agreement to buy four-star hotel Hotel Cozi Oasis in Kwai Chung,…
Hong Kong lawmaker Duncan Chiu owns 54 properties at home and overseas, more than any of the other 89 lawmakers, a review of their declaration of interests shows. But Chiu indicated that he is considering selling his properties in the West, citing geopolitical risks and his limited time for managing them. Chiu, the son of…
A Shenzhen-based humanoid robotics start-up, known for the dexterity of its robots, has received fresh funding from a fund under China Mobile, demonstrating how Chinese state and private sector money is pouring into robotics. Daimon Robotics Technology, co-founded by Wang Yu, dean of the robotics institute at the Hong Kong University of Science and Technology…
Hong Kong has its work cut out for it to become a supply centre for green maritime fuel, as it works with partners in mainland China to build a green methanol supply chain from scratch, according to shipowner China Merchants Energy Shipping. “Hong Kong has already realised liquefied natural gas [LNG] and biodiesel [fuelling] operations,…
The world’s first methanol-powered car carrier vessel has set out on its maiden voyage from Hong Kong, as the city moves towards becoming a green maritime fuel bunkering centre. Commissioned by the China Merchants Group and built in the southeastern province of Jiangsu, the CM Hong Kong set sail from Tsing Yi on Sunday morning…
Hong Kong can become a regional trading hub for green marine fuel and help augment China’s influence on supply and pricing, according to an industry player. “Hong Kong’s advantages lie in its roles as an international free port, shipping and financial hub, and the government’s willingness to support energy transition and green finance,” said Leo…