A Hong Kong court has sentenced a former jewellery procurement manager to six years and eight months behind bars for stealing HK$11 million (US$1.4 million) worth of diamonds from suppliers to fund his gambling habit. Mui Ka-fai, 63, pleaded guilty on Monday to three counts of theft for reselling the small diamonds he misappropriated for…
China and Hong Kong stocks fell on Friday as weakening liquidity, caution ahead of corporate earnings and weakness in property shares weighed on investor sentiment, according to a Reuters report. The blue-chip CSI300 index slipped 0.1% by the lunch break, while the Shanghai Composite Index declined 0.2%. In Hong Kong, the Hang Seng Index dropped…
Hong Kong’s once-iconic neon signs and outdoor hawker stalls were brought back to life as hundreds flocked to Central for a glimpse of British actor Henry Cavill, who was in the city filming a new movie. Cavill, known for his roles as Superman and Geralt in the television series The Witcher, was filming in the…
Hong Kong tour groups returning from Japan’s capital are seeking alternative routes to Narita Airport after a record rainstorm on Thursday disrupted transport and left thousands of travellers stranded, including Hongkongers who spent the night on trains and at the airport. Cathay Pacific, the city’s flag carrier, said on Friday it would waive rebooking and…
The development of Hong Kong’s infrastructure bond market is gaining pace, driven by favorable supply-demand dynamics. The nascent market calls for continued bond issuances, greater product innovation, improved market liquidity, and cultivating talent to drive growth. Oswald Chan reports. China’s 14th Five-Year Plan (2021-25) called for Hong Kong to develop risk management functions for its…
Hong Kong is betting big on the Northern Metropolis with a university town as a core engine. In this third of a five-part series on the city’s first five-year blueprint, we look at the talk of the town. Read part two here. Hong Kong is a city that has among the highest concentration of top…
Temperatures have dropped in Hong Kong after a streak of nine very hot days, with the city’s weather forecaster issuing an amber rainstorm warning on Friday morning. The Observatory recorded temperatures between 23 and 29 degrees Celsius (73 and 84 Fahrenheit) in various districts across the city as of 8.45am, significantly lower than the 33…
Executives from the world-leading railway vehicle manufacturer said the company aims to use the former airport site as a test bed for an autonomous bus system, and a potential runway for overseas expansion. They added that CRRC intends to use trackless, electric autonomous rapid transit (ART) buses to link Kai Tak to the wider city,…
Three mainland Chinese scientists have won this year’s Future Science Prize for breakthroughs in molecular mechanisms, porous materials and arithmetic geometry, as China’s first privately funded award recognising scientific achievement returned to Hong Kong for a fourth consecutive year. Hosting the annual event multiple times underscored Hong Kong’s growing role as an international hub for…
Hong Kong authorities have invited interested parties to submit expressions of interest to develop land parcels set aside for a modern logistics cluster under the Northern Metropolis megaproject. The Transport and Logistics Bureau and the Civil Engineering and Development Department said the sites would meet long-term demand, promote the development of modern logistics and reinforce…