Group tour prices from Hong Kong drop 10% as tourists opt for alternatives to Japan

Group tour prices from Hong Kong drop 10% as tourists opt for alternatives to Japan

Hong Kong travel agencies have launched cheaper outbound group tours this summer, driven by increased flight capacity amid a shift in tourists’ preference away from Japan due to increased earthquake concerns. Several tour operators have reported that prices for their summer group tours are either lower or have remained stable, adding that popular destinations include…

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Hong Kong can do more to fuel yuan’s international ascent, HSBC co-CEO says

Hong Kong can do more to fuel yuan’s international ascent, HSBC co-CEO says

Hong Kong can be a crucial partner in the continued and orderly opening of mainland China’s capital markets, particularly in advancing the internationalisation of its currency, according to HSBC’s co-CEO. As a financial hub connecting East and West, Hong Kong “can play a key role in promoting the yuan’s internationalisation by expanding its offshore liquidity…

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