Hong Kong’s property sector could face some “short-term challenges” but “the risks are manageable” because the city’s economy was diversified and sat on a solid foundation, the chairman of the Financial Services Development Council (FSDC) said on Wednesday. “As an international financial centre, the global uncertainties would mean some Hong Kong industries would face certain…
China finished third after edging past China’s Hong Kong 1-0 in their final game at the EAFF E-1 Football Championship, which is also known as the East Asian Cup, in Yongin, South Korea, on Tuesday. Meanwhile, Japan defeated the hosts South Korea 1-0 Source link
Hong Kong strengthened its position as a leading global wealth management hub after investors committed major capital to the city last year, lifting assets under management to HK$35.14 trillion (US$4.5 trillion), just shy of an all-time high, before stocks and other instruments delivered hefty gains. Assets under management in the city grew almost HK$4 trillion…
One in 388 homeowners in Hong Kong has a net worth of more than US$30 million, making the city No 3 in terms of ultra-wealthy residents among urban centres outside the US, according to a study released on Wednesday by Altrata. Overall, Hong Kong also had the third highest number of ultra-high-net-worth individuals (UHNWIs) owning…
Terrence Tang is the head of wine and spirits for Asia at auction house Bonhams. He spoke to Andrew Sun. When I was growing up my family frequently dined out and we had a particular fondness for Chinese cuisine. We would go for dim sum every week, as well as explore new restaurants. Now, I…
Hong Kong striker Matt Orr said the East Asian Football Championship should face questions about its “timing and organisation”, but believed his side could only benefit from playing against the region’s better teams. Winners Japan and South Korea, the hosts and runners-up, were both significantly understrength for the four-team tournament, which was staged outside an…
A gambling debt linked to Hong Kong actor Jacky Heung has been fully settled, Macau casino operator MGM China has said, saying legal proceedings have been terminated. The casino company made the statement on Wednesday, a day after the media reported that its subsidiary, MGM Grand Paradise, had issued a writ against Heung. The actor…
A 23-year-old Hongkonger has been arrested for allegedly pushing a nine-year-old boy into the sea while the child was fishing with his mother in Hung Hom. Police said the man, surnamed Wong, was apprehended in Kowloon City at 5.22pm on Tuesday, three days after the incident, on suspicion of assault occasioning actual bodily harm. They…
After making headlines last month with the opening of a ship-shaped store in Shanghai that’s still the talk of the town in China and beyond, it looks as though Louis Vuitton has big plans for Hong Kong too. The Parisian label has just erected a large expanse of scaffolding at the K11 Musea mall, located…
Hong Kong stocks rose for a fifth straight day amid signs of easing US-China tensions after Nvidia said it would resume sales of some chips to China. The Hang Seng Index advanced 1 per cent to 24,832.43 at 9.50am local time, the highest level since March 19. The Hang Seng Tech Index jumped 2.8 per…