The numbers tell a revealing story. The city’s eight publicly funded universities, once primarily judged by academic output and global rankings, are now generating record income from knowledge transfer. Patents, licensing deals, industry partnerships. These are not side activities. They are becoming core business lines. Universities are no longer just custodians of knowledge. They are…
Hong Kong police have arrested three men in connection with a HK$10 million (US$1.28 million) knifepoint robbery in Sheung Wan, the latest in a string of such cases targeting people exchanging foreign currency. Superintendent Lo Ka-chun said on Friday that officers had earlier received a tip-off that a criminal syndicate would attempt a robbery, prompting…
Hong Kong police have arrested seven men suspected of operating a highly organised crime syndicate to steal credit cards from people in crowded locations such as sports grounds and buying luxury items worth more than HK$4 million (US$513,800). Senior Inspector Tsui Wai-ying of the force’s regional technology and financial crime unit said on Sunday that…
Victims of Hong Kong’s worst fire in decades have called for a unified platform to access funds and resources, as some elderly people say they feel “exhausted” having to travel around and repeatedly provide their personal information to different parties for support. Several people who lost their homes in the Tai Po fire, which had…
Watching his young children’s faces light up with excitement, William Li felt relief, but the deep ache in his chest was overwhelming. His son and daughter were happy he had saved their most treasured possessions – a mobile phone and an iPad – from the inferno that had just devoured their home in Hong Kong’s…
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…
China’s financial authorities have granted Hong Kong residents a new daily remittance quota for the yuan, as a cross-border electronic transactions service prepares to kick off, linking 315 million users between the city and the mainland. Starting from noon on Sunday, the 17 million registered users of Hong Kong’s Faster Payment System (FPS) will be…
China’s financial authorities have granted Hong Kong residents a new daily remittance quota for the yuan, as a cross-border electronic transactions service prepares to kick off, linking 315 million users between the city and the mainland. Starting from noon on Sunday, the 17 million registered users of Hong Kong’s Faster Payment System (FPS) will be…