Hong Kong developer Lai Sun Development, chaired by businessman Peter Lam Kin-ngok, who also chairs the city’s Tourism Board, has launched an exchange offer for its outstanding US$493 million worth of 5 per cent guaranteed notes due July 2026, in an effort to relieve short-term liquidity pressures, the company said Monday in a filing to…
Many Hong Kong shoppers remain undaunted by a mainland Chinese investigation into the food safety practices of popular supermarket Sam’s Club in neighbouring Shenzhen, saying they will still shop for bargains – but more selectively. Despite reports that Chinese regulators had summoned the warehouse retailer over “frequent food safety issues” on Monday morning, the superstore…
AIM Talks 2026 AIM China 2026 Get the latest news delivered to your inbox Sign up for The Manila Times newsletters By signing up with an email address, I acknowledge that I have read and agree to the Terms of Service and Privacy Policy. H.E. Fahad Al Gergawi Undersecretary of the Ministry of Foreign Trade…
Our report that China’s landmark Pinglu Canal is set for trial operations in September was one of the most read the week it was published. Interestingly, most of those who read the report were from the United States, followed by Malaysia, Singapore, Canada, Australia and Hong Kong. The report had three times as many Singaporean…
Hong Kong will expand a travel scheme that allows mainland Chinese motorists to enter the city for leisure, opening it to drivers from five more Greater Bay Area cities and doubling the daily quota for urban trips. Authorities said on Monday that the Southbound Travel Scheme for Guangdong Vehicles would be extended to all nine…
Direct flights between Hong Kong and Kazakhstan could save business travellers up to 10 hours and open the city’s shorelines to tourists from landlocked Central Asia, lawmakers have said after the flag carrier announced plans to launch an Almaty route next year. Lawmaker Jonathan Stuart Lamport, who represents the business sector, on Thursday said the…
The central government has greenlighted yachts from Hong Kong and Macau to enter nine mainland Chinese cities in the Greater Bay Area (GBA) without customs guarantees and with temporary ship registrations. A yacht in Hong Kong. Photo: Shreyaan Vashishtha/Pexels. The State Council said on Friday that the pilot scheme came into effect the same day….
Hong Kong-registered yachts can berth more easily in designated mainland Chinese ports in the Greater Bay Area, as Beijing has waived customs guarantees and simplified administrative procedures. In a directive published on Saturday night, the State Council revamped its maritime policies, allowing Hong Kong and Macau leisure yachts to enter designated mainland ports “exempt from…
Hong Kong’s annual Cheung Chau Bun Festival drew more than 10,000 visitors by noon on Sunday, including tourists who had travelled specially to witness the signature parade featuring “floating” children dressed as Middle Eastern oil moguls and judges. Visitors to the outlying island on Sunday splurged on frozen pineapples, watermelon juice and frozen mango mochi…
Authorities will negotiate with operators of popular care homes in Guangdong province to secure more places for elderly Hongkongers to meet rising demand, the welfare minister has said, amid a ninefold surge in city residents moving into such facilities across the border in recent years. Secretary for Labour and Welfare Chris Sun Yuk-han said in…