Hong Kong’s Mandatory Provident Fund Schemes Authority (MPFA) instructed the city’s fund managers last month to prepare for possible fallout from Moody’s recent reduction of its US Treasury debt rating from Aaa to Aa1. The territory’s mandatory provident funds (MPFs)—Hong Kong’s compulsory retirement savings schemes—are val- ued at approximately $167 billion, of which about…
Beijing hit back Wednesday at Secretary of State Marco Rubio for saying the world will “never forget” the deadly Tiananmen Square crackdown in 1989, describing his remarks as an “attack” on China. Chinese troops and tanks forcibly cleared peaceful protesters from the square in the capital on June 4, 1989 after weeks-long demonstrations demanding greater…
Eversholt Rail, the British rolling stock company being sold by CK Infrastructure Holdings Ltd., is attracting initial interest from suitors including Hong Kong railway operator MTR Corp., according to people familiar with the matter. Source link
Hong Kong’s housing market is poised for a gradual recovery starting in the second half of this year, as population inflows, falling interest rates and a rebound in rental demand restore confidence, according to Bocom International. The investment bank said home prices could rise by 3 per cent over the next six months, followed by…
June is Pride Month and that means a variety of events in Hong Kong that celebrate love, diversity and inclusivity. For many in the city’s LGBTQ community, the road to love is paved with obstacles – the biggest one being that same-sex marriage is still not legally recognised. While the laws are letting the community…
Hong Kong authorities are conducting laboratory tests on black particles found in the water supply of two housing estates to ease residents’ concerns, with the results expected to come back this week, the development minister has said. Tenants at Queen’s Hill Estate in Fanling last week raised concerns about black particles in their freshwater supply,…
Hong Kong authorities are conducting laboratory tests on black particles found in the water supply of two housing estates to ease residents’ concerns, with the results expected to come back this week, the development minister has said. Tenants at Queen’s Hill Estate in Fanling last week raised concerns about black particles in their freshwater supply,…
Hong Kong (NewsVoir) The boats are fierce, the drums are loud and the energy is electric – Hong Kong’s Dragon Boat Festival is back in spectacular style, open for many Indian travellers planning their summer vacations in June! Each year, this high-adrenaline celebration draws elite paddlers from around the world, to compete in one of…
Beijing’s former liaison office chief in Hong Kong, Zheng Yanxiong, has returned to the nation’s capital and is expected to take up a senior role in the country’s top legislative body, the Post has learned. Two sources familiar with the matter said Zheng, who was abruptly removed as director of Beijing’s liaison office in Hong…
The Hong Kong branch of a Singapore-based private club that closed after less than a year in business is undergoing liquidation with about HK$20 million (US$2.5 million) of debts, former employees have said. Financial difficulties forced 1880 Hong Kong, located at Two Taikoo Place in Quarry Bay, to shut its doors on Friday last week,…