Hong Kong authorities and industry leaders have voiced optimism foreign investors will be lured by recent relaxations to a cross-border trade deal allowing the city’s business to adopt local laws and arbitration services for their mainland China operations. Maggie Wong Siu-chu, the permanent secretary for commerce and economic development, said on Wednesday that the amendment…
Hong Kong will attract about 840,000 visitors and HK$3.3 billion (US$424.1 million) worth of spending in the first half of the year thanks to mega-events, the city’s leader has said, while also vowing to tap national development opportunities. Chief Executive John Lee Ka-chiu said on Tuesday that the line-up of mega-events being held in the…
Hong Kong’s justice minister has reassured investors that the city will be governed by the “one country, two systems” principle and keep its common law system indefinitely, as he seeks further legal cooperation with Asean jurisdictions. Secretary for Justice Paul Lam Ting-kwok also said on Monday that Hong Kong would host the 15th China-Asean Prosecutors-General…
Behind extravagant vermillion- red lacquer doors is Rosewood Guangzhou, which occupies the top 39 floors of the 108-storey CTF Finance Centre in Guangzhou’s vibrant Zhujiang New Town. Soaring to 530 metres tall, it’s officially the tallest five-star hotel in the world. Sorry, Ritz-Carlton Hong Kong: you’ve been dethroned. Obviously, then, the views are extraordinary—especially from…
This Feb 13, 2025, photo shows a pair of 3D-printed giant panda twins sitting atop a postal box in Hong Kong. (ANDY CHONG / CHINA DAILY) HONG KONG – To celebrate the public debut of Hong Kong-born giant panda twins – Elder Sister and Little Brother – on Sunday, total 49 panda-themed 3D mailboxes, designed…
Hong Kong’s financial regulators have pledged to ease listing requirements for mainland Chinese companies, as they eye the city’s stock market as a source of funding to support their global ambitions. The market watchdog and the bourse operator would unveil proposed revisions later this year, aiming to lower the fundraising threshold, optimise market structure and…
Feb 12, 2025 The Hong Kong government has initiated a significant investment in the realm of healthcare innovations by partnering with New Frontier Group to bring cutting-edge medical start-up technologies into clinical application in the Greater Bay Area. According to the South China Morning Post, the collaboration marks the first 2025 venture of the Hong…
Beijing is concerned that Hong Kong may need help from mainland Chinese companies in developing large cross-border projects amid a public deficit, analysts have said, after its point man on city affairs met local officials ahead of the annual budget address. Xia Baolong, director of the Hong Kong and Macau Affairs Office (HKMAO), on Sunday…
With Hong Kong’s annual budget in the works, we have been reminded of the many serious challenges facing the city. Our deficit is more than double the original forecast and the city’s gross domestic product last year was 2.5 per cent, a lower rate of growth than a forecast just months ago. Whether the worst…
Hong Kong’s consumer watchdog has launched a one-stop website that consolidates property data from 11 Greater Bay Area cities to provide buyers and renters with timely and accurate information, following hundreds of real estate deal complaints. The Consumer Council announced on Wednesday a new guide on its website for residential property in the bay area,…