Hong Kong will maintain its economic growth target of between 2 and 3 percent for the entire year of 2025, Paul Chan, financial secretary of the Hong Kong Special Administrative Region (HKSAR) government, said Monday. During a Legislative Council meeting, Chan said that in the first quarter of this year, Hong Kong’s economy demonstrated resilience,…
Principals in Hong Kong have criticised education authorities for failing to consult the sector regarding a new measure that permits popular schools to apply to operate an additional Form One class in the next academic year, raising concerns that the move will intensify competition among institutions. The Hong Kong Association of the Heads of Secondary…
McDonald’s flagship store in Hong Kong is close to claiming the crown as the busiest in the fast-food chain’s global network of more than 40,000 outlets, a capstone in a half-century of operating in the city. The 9,000 sq ft (836 square metre) Admiralty Centre store, which reopened for business last month after a three-week…
New World Development Co. executives are growing concerned about prospects for their $2.6 billion mega-mall project near Hong Kong’s airport, people familiar with the matter said, adding to challenges at the property conglomerate as it tries to navigate a cash crunch. Source link
China is not a fan of cryptocurrencies. Over the past decade, the Chinese government has built up one of the world’s most hostile regulatory frameworks against cryptocurrency-related activities, including trading and mining. Beijing views digital assets like bitcoin as a threat to the country’s financial stability and capital account controls, and even a challenge to…
HONG KONG — The Hong Kong government has sharply raised fees for work visas amid a sustained fiscal deficit, underscoring a shift from the generous, low-tax business environment it used to provide. Under the new two-tiered schedule, individuals seeking to stay more than 180 days are required to pay 1,900 Hong Kong dollars ($242) — a HK$600…
The sudden closure of 1880 Hong Kong, a Singapore-based private club, has left members reeling, with one losing HK$38,000 (US$4,845) paid just two months prior and others complaining to customs, alleging a violation of the Trade Descriptions Ordinance. The club, located in Quarry Bay’s Two Taikoo Place, operated for only seven months before shutting down…
By Reuters Published June 2, 2025 Hong Kong’s retail sales fell for a 14th straight month in April, government data showed on Monday, as local consumers remained cautious and visitors from mainland China spent less, although the decline was smaller than in March. Retail slump continues in Hong Kong: Fashion and jewelry sales decline. –…
More than 22 hectares (54 acres) of ecologically valuable land have been damaged in Hong Kong’s South Lantau and northwestern New Territories, local groups have found, warning that poorly planned tourism development in these areas will worsen the harm. Greenpeace and Liber Research Community, an NGO focusing on development issues, released findings of a survey…
Mediation training will be offered to property managers in Hong Kong as part of a government pilot scheme, launching next month, to help them better address water seepage complaints from tenants. Some 120 senior property management staff from around 90 private housing estates will be selected to join the pilot programme. Six training sessions will…