Hong Kong police have received more than 40 reports of scams on e-commerce platform Carousell in the past week, with fraudsters using phishing links to swindle victims out of HK$4.6 million (US$586,900), including one vendor who lost nearly HK$650,000 while trying to sell throat lozenges. The force said on Wednesday that a woman who sold…
The suspected closure of a Hong Kong wedding decoration company has left hundreds of engaged couples in dismay, with more than HK$330,000 (US$42,000) of losses reported to the consumer watchdog. Ps Wedding & Event Decoration’s suspected shutdown came to light on Wednesday when its office was found to be closed, its social media pages had…
President Donald Trump said Harvard University should cap its foreign student enrollment at 15%, ratcheting up his criticism of the school in a wide-ranging fight that has seen the administration seek to force changes to the elite institution. Source link
(Bloomberg) — President Donald Trump said Harvard University should cap foreign student enrollment at 15%, ratcheting up his effort to force policy changes at the elite institution. Most Read from Bloomberg “I think they should have a cap of maybe around 15%, not 31%,” Trump said Wednesday at the White House. “We have people who…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Shein is considering swapping London for Hong Kong as the location for its long-planned stock market listing 18 months after it fired the starting gun on the flotation process. The fast-fashion group is turning its…
President Trump on Monday said he’s weighing whether to redirect $3 billion in grant money for Harvard University to trade schools across the U.S., but education experts say that process faces significant obstacles. Mr. Trump’s comment, which was made on social media, comes as he escalates his attacks on the Ivy League school. Last week, the Trump…
The Hong Kong Journalists Association (HKJA) said that the association and many Hong Kong media groups, journalists, and their relatives have recently been investigated by the Hong Kong government for taxes paid many years ago. At least eight organizations and 20 individuals were affected. On May 21, the chairperson of HKJA, Selina Cheng Ka-yu, held…
Jamie Beaton has built a career helping students from around the world gain admission to Harvard University and other top-tier institutions. Now, days after the Trump administration banned Harvard from enrolling international students and stopped scheduling appointments for student visas, Beaton, co-founder and CEO of Crimson Education, a college consulting firm, is advising his clients to “ignore the chaos.” Getting…
In brief On 23 May 2025, the Hong Kong government gazetted the Companies (Amendment) (No.2) Ordinance (“Ordinance”), enacting a comprehensive re-domiciliation regime that allows non-Hong Kong incorporated companies to re-domicile to Hong Kong while preserving corporate identity and business continuity. Applications for re-domiciliation may now be made to the Companies Registry. Please refer to our tax…
Fast fashion retailer Shein has reportedly chosen a new location to go public. The China-founded company is now looking to list in Hong Kong after failing to get Chinese regulators to sign off on its plans for a London initial public offering (IPO), Reuters reported Wednesday (May 28). Sources told Reuters Shein plans to file a draft prospectus with…