By James Pomfret and Clare Jim HONG KONG (Reuters) -Hong Kong’s leader said on Tuesday that China’s recent removal of its top representative in the city, known for his hardline policies on national security, had been a “normal” personnel change. In a surprise development, China announced late on … Source link
A 23-year-old woman has been arrested for allegedly disclosing the personal information of her former boyfriend after he dated someone else, Hong Kong’s privacy watchdog has said. The Office of the Privacy Commissioner for Personal Data apprehended the woman in the New Territories on Tuesday on suspicion of contravening the Personal Data (Privacy) Ordinance, following…
Hong Kong has long wanted to promote Islamic finance, but progress has been slow. Now, though, the time is more auspicious as the city seeks to diversify its financial services and business beyond Western or developed economies. At the same time, countries in the Middle East are moving quickly to form new business links with…
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…