Mainland Chinese buyers and “smart money” from Southeast Asia will continue “bottom-fishing for trophy assets” in Hong Kong’s luxury property market as prices remain depressed through 2025, according to the director and head of residential sales at Savills. Capital from Singapore had been flowing to Hong Kong because the Singaporean market had not declined, Thomas…
This year marks half a century of formal diplomatic relations between China and the European Union as well as the 25th anniversary of the founding of the European Union Chamber of Commerce in China. In this, the fourth part of the series, Shi Jiangtao looks at how the issue of Taiwan is overshadowing the relationship….
More than half of the professionals admitted to Hong Kong under a top talent scheme launched two years ago have applied to extend their stay, a rate that the city’s labour chief has hailed as “ideal”. Reviewing the Top Talent Pass Scheme, Secretary for Labour and Welfare Chris Sun Yuk-han also revealed on Friday that…
More than 90 per cent of Hong Kong students from four mainland Chinese schools met the city’s university’s minimum requirements in the local public exams, far exceeding the overall average of 38 per cent of all assessment candidates. The four schools in the Greater Bay Area are the only institutions on the mainland approved by…
Hong Kong flag carrier Cathay Pacific Airways has reported a 1.1 per cent year-on-year increase in its net profit for the first six months of 2025 to HK$3.65 billion (US$465 million), thanks to a resilient cargo business amid the US-China trade war, as it places a new plane order. The group announced on Wednesday that…
Hong Kong’s Sha Tau Kok Control Point will undergo demolition from Friday as part of redevelopment works, a lawmaker has revealed, while suggesting authorities should include travel and commercial facilities on the city’s side of the new complex. Lawmaker Edward Lau Kwok-fan, who represents New Territories North, on Wednesday said the redevelopment was initially expected…
Hong Kong’s Sha Tau Kok Control Point will undergo demolition from Friday as part of redevelopment works, a lawmaker has revealed, while suggesting authorities should include travel and commercial facilities on the city’s side of the new complex. Lawmaker Edward Lau Kwok-fan, who represents New Territories North, on Wednesday said the redevelopment was initially expected…
Hong Kong will achieve new economic breakthroughs despite a “complicated and volatile” external environment, the finance chief has told foreign investors while unveiling the government’s first business report in four years. Financial Secretary Paul Chan Mo-po said on Wednesday that the city was in the midst of transformation and upgrading, but warned that some traditional…
Hong Kong flag carrier Cathay Pacific Airways will recruit more pilots from mainland China to diversify its workforce after the first batch of 30 cadets from across the border finished training and started flying. Chris Kempis, the airline’s director of flight operations, said on Monday that 60 mainland cadets from a pool of more than…
Andrew Yiu* is at a crossroads about whether to continue his job as a full-time Uber driver, as the Hong Kong government plans to regulate ride-hailing platforms and impose requirements such as vehicle age limits. The city is set to legalise ride-hailing platforms in the first half of next year, ending over a decade of…