Private club 1880 Singapore has abruptly closed down, two weeks after its cash-strapped Hong Kong branch folded, with its founder citing falling attendance and a decrease in spending by members, the Post has learned. In a letter sent to members on Monday at midnight and seen by the Post, founder Marc Nicolson said its local…
Beijing’s point man overseeing Hong Kong affairs will begin a five-day visit to the city on Wednesday to inspect its development and attend a national security forum, the chief executive has said, confirming the Post’s report. According to two sources, Xia Baolong, director of the Hong Kong and Macau Affairs Office, is expected to meet…
Private club 1880 in Singapore has abruptly closed down, two weeks after its cash-strapped Hong Kong branch folded, with its founder citing falling attendance and decreased spending by members for its demise, the Post has learned. In a letter sent to members on Monday at midnight and seen by the Post, founder Marc Nicolson said…
What’s going on here? Hong Kong’s economy is picking up speed, with Q1 GDP rising 4.3% thanks to significant investment inflows and a booming gross national income. What does this mean? Hong Kong’s GDP reached HK$799.7 billion, marking a 4.3% year-over-year jump and a 3.1% real-term growth. The standout was the GNI, climbing 6.2% to…
What’s going on here? CaoCao Inc. is heading to the Hong Kong Stock Exchange, aiming to raise HK$1.85 billion in its upcoming public offering. What does this mean? CaoCao Inc.—supported by auto giant Geely—is offering nearly 44.2 million shares at a maximum price of HK$41.94 each, including a public offering and a larger international tranche….
A 51-year-old Hong Kong woman has died after getting trapped under a truck that rammed into a bus stop, as police search for the driver who fled the scene. The force said the accident occurred at around 6.30am on Tuesday along Chatham Road North in Hung Hom. A truck driver travelling in the direction of…
In just the past month, stablecoin has moved from the fringes of cryptocurrency into the heart of mainstream finance. Hong Kong enacted its stablecoin ordinance, creating a regulatory framework to legitimise and support the issuance of stablecoins, while US lawmakers discuss similar legislation aimed at fostering large-scale stablecoin adoption. Meanwhile, stablecoin issuer Circle Internet Group…
The Mid-Levels District in Hong Kong is buzzing with real estate activity as celebrity Karen Joy Morris finalized the purchase of a luxurious 2,153 square-foot, three-bedroom unit on Old Peak Road on June 12, as reported by the South China Morning Post. Nestled within the esteemed Dynasty Court—a prestigious residential estate comprising five blocks and…
Illustration: Chen Xia/GT Global capital flows have confirmed that international investors’ confidence in Hong Kong’s financial market is further strengthening, Hong Kong Financial Secretary Paul Chan Mo-po stated in an online post on Sunday. As of the end of March, the number of registered funds in Hong Kong reached 976, recording net inflows of more…
An Air India flight bound for New Delhi was forced to return to Hong Kong shortly after takeoff on Monday due to what the airline called a “technical issue” — the second serious incident involving one of its Boeing 787 Dreamliners in less than a week. CBS News reported that Flight AI315 departed as ……