Hong Kong police have dismantled a cross-border syndicate that laundered HK$118 million (US$15 million) through stooge bank accounts, arresting 12 people as officials seek tougher sentencing for those renting or selling their personal bank details. In an operation conducted by the commercial crime bureau, police arrested nine men and three women aged between 20 and…
A traveller from Thailand has been given a two-year jail sentence in Hong Kong for smuggling 187 parrot eggs valued at an estimated HK$1.4 million, with an expert saying the seizure is part of a global uptick of such cases involving endangered species. A Hong Kong court on Friday convicted the Thai man, 30, of…
A traveller from Thailand has been given a two-year jail sentence in Hong Kong for smuggling 187 parrot eggs valued at an estimated HK$1.4 million, with an expert saying the seizure is part of a global uptick of such cases involving endangered species. A Hong Kong court on Friday convicted the Thai man, 30, of…
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Hong Kong-based venture capital firm ORI Capital plans to launch a new fund to invest in Chinese healthcare start-ups, as the domestic biotechnology industry experiences its own “DeepSeek moment”, its founder said in an interview. ORI, established in 2015 with two funds that primarily invest in global biotech start-ups, is in the process of raising…
In the second instalment of a three-part series on financial decoupling between China and the US, experts tell the Post how pressure on US-listed companies from the mainland could be a windfall for Hong Kong’s markets. Read the first part here. A month ago, Patrick Tsang, the CEO of Deloitte China, learned that the US…
With leaps and falls on screen, Hong Kong actor Andrew Clifford Pong King-fung is dedicated to nurturing the next generation of martial artists and stunt professionals through his studio to honour the rich heritage of the city’s action and kung fu films. Established in 2022, the New Era Martial Club in Quarry Bay offers the…
It is a drizzly and overcast Saturday morning in Hong Kong where, despite the gusting winds, many runners are training along the Central Harbourfront. At the AIA Vitality Hub – a venue on the harbourfront that offers free daily health and fitness classes – a dozen runners have gathered for an hour-long class led by…
Hong Kong’s market for initial public offerings (IPOs) has come roaring back. Attractive valuations, strong liquidity and supportive government policies, what’s not to like? Concerns about geopolitical tensions and a trade war have taken a back seat, at least for now. Certainly, a 90-day truce in the tit-for-tat tariffs battle between China and the United…
Hong Kong police have broken up a loan shark syndicate that charged 5,000 borrowers annual interest rates of up to 100 per cent or more, with the operation leading to the arrest of 24 people as young as 12 years old. The force said the syndicate targeted potential customers randomly through cold calls and text…