Hong Kong authorities have unveiled highly anticipated proposals to regulate ride-hailing services, marking a significant milestone for a sector that has existed locally in a grey area for a decade. However, unanswered questions remain on the proposed new regulatory regime, with figures for quotas on ride-hailing vehicles, a levy on trips and assorted fees not…
While it’s been rumored for a few days, Delta Air Lines will officially commence service to Hong Kong next year. The airline announced Wednesday that it’ll start flying from its hub at Los Angeles International Airport (LAX) to Hong Kong International Airport (HKG) on June 6, 2026. Delta will deploy its flagship Airbus A350-900 on…
Young persons in custody sit for HKDSE Examination for self-enhancement (with photos) Young persons in custody sit for HKDSE Examination for self-enhancement (with photos) ************************************************************************************* The results of the Hong Kong Diploma of Secondary Education (HKDSE) Examination were released today (July 16). Young persons in custody (PICs) obtained satisfactory results in the examination this…
Hong Kong’s wealth management sector has emerged as a global powerhouse, fueled by a 13% surge in assets under management (AUM) to $4.5 trillion as of early 2025. This growth, driven by record fund inflows and strategic policies, positions the city as a critical node for capital flows, particularly for investors seeking exposure to Asia’s…
At Po Leung Kuk Ngan Po Ling College in Hong Kong, Smriti Kedia witnessed her mother burst into tears when her daughter’s near-perfect results in Hong Kong’s university entrance exams came in. “It was just like a big sigh of relief,” said Kedia, who received four 5** grades and two 5* grades, the top two…
MiniMax, the artificial intelligence (AI) start-up backed by two of China’s largest technology conglomerates, has confidentially applied for a Hong Kong initial public offering (IPO), according to people familiar with the matter. China International Capital Corporation and UBS are the sponsors for the listing, according to the sources, who declined to be identified for discussing…
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…