Hong Kong is channelling funds into several dozen innovative companies to further bolster the city’s appeal as a hub for technology, banking and finance compared with regional competitors like Singapore, according to Financial Secretary Paul Chan Mo-po. The Hong Kong Investment Corp (HKIC), funded by the city’s reserves, has invested in nearly 100 start-ups involved…
Rents in Hong Kong hit a five-and-a-half-year high in February amid an increase in demand after a lull during the holiday season, according to Centaline Property Agency, which expects rents to continue rising as economic uncertainty discourages more people from buying homes. Centaline’s widely followed Centa-City Rental Index, published on Monday, rose 0.46 per cent…
Hongkonger Shirley Chang, 82, plays pickleball regularly, takes a weekly class to learn Chinese ink painting and teaches her friends how to play bridge. The former businesswoman, who lives with a domestic helper in the Mid-Levels, said she was enjoying her retirement years by staying healthy, maintaining an active lifestyle and searching for new experiences….
A leading French aeronautic services company plans to set up an aircraft parts processing and trading centre in Hong Kong’s Northern Metropolis, which will generate thousands of jobs and open up a lucrative industry as the first of its kind in Asia, the Post has learned. A source said on Thursday that Financial Secretary Paul…
Hong Kong real-estate sales fell to their lowest point in five months in February, reflecting caution among homebuyers and investors amid increasing tensions between Washington and Beijing, according to property agencies. Sales of homes, office units, shops, car parking spaces and industrial spaces declined by 13 per cent to 4,295 deals from a month earlier,…
Hong Kong real-estate sales fell to their lowest point in five months in February, reflecting caution among homebuyers and investors amid increasing tensions between Washington and Beijing, according to property agencies. Sales of homes, office units, shops, car parking spaces and industrial spaces declined by 13 per cent to 4,295 deals from a month earlier,…
Hong Kong on Saturday saw its best weekend for new property sales in four months, with a total of 362 units expected to be sold across three projects, after the government lowered the stamp duty for small flats following the budget address on Wednesday. Among the first-round offerings, Henderson Land Development’s Eight Southpark project in…
Amid the flurry of measures announced in the budget by Financial Secretary Paul Chan Mo-po it was good to see the pledge to transform Hong Kong into a hub for international exchange and cooperation for artificial intelligence (AI). The plan to leverage technology to create a new economic driver would come with HK$1 billion (US$128.6…
Annual grants of HK$2,500 (US$321) for each of the nearly 800,000 students in Hong Kong will be cut, while spending on public universities will be slashed by HK$2.8 billion over the next three years, leaving parents unhappy about the way the government opted to tighten its belt. In an unprecedented move, the government also said…
Hong Kong homebuyers’ sentiment was mixed over the weekend as the city’s tepid property market awaits more supportive measures in the coming budget. China Resources Land (Overseas) and Poly Property sold five of the 136 flats offered at Pano Harbour in Kai Tak, the site of the city’s former airport, as of 5pm on Sunday,…