The Fullerton Hotel in Singapore, one of the properties owned by Hong Kong-based Sino Group. Courtesy of Sino Group Daryl Ng, the eldest son of billionaire Robert Ng, is taking the helm at Sino Group, whose Hong Kong-listed real estate companies are valued at HK$127.7 billion ($16 billion), after his father steps down at the…
This story has been made freely available as a public service to our readers. Please consider supporting SCMP’s journalism by subscribing. New users who download our updated app get a seven-day free trial. Hong Kong’s weather forecaster issued two amber rainstorm warnings on Sunday morning and warned local residents of possible flooding as a monsoon…
Hong Kong is on track to return to an operating account surplus for the 2025-26 financial year, with the result largely fuelled by a surge in stamp duty income from the city’s robust stock market performance, the finance chief has said. Financial Secretary Paul Chan Mo-po made his prediction of a surplus – set to…
In the old but bustling Hong Kong neighbourhood of To Kwa Wan, a small community living room with a dedicated halal kitchen offers a vital sanctuary for Muslim residents like Azmat Tariq. The 2,000 square feet (186 square metres) space on Pau Chung Street called HUB13 is where the Pakistani homemaker, who lives with her…
Hong Kong Exchanges and Clearing (HKEX), which operates Asia’s third-largest stock market, will reduce the minimum trading spread for about 300 stocks starting Monday, a move aimed at lowering transaction costs and increasing turnover. “The minimum spread is the minimum price change for a stock traded on an exchange and determines the tightest bid-ask spread…
This story has been made freely available as a public service to our readers. Please consider supporting SCMP’s journalism by subscribing. New users who download our updated app get a seven-day free trial. Hong Kong’s weather forecaster has warned that heavy showers may affect the city on Sunday, a day after it was drenched in…
Money never sleeps in Hong Kong, except during some public holidays. The city is known for having many official days off. Often stock trading stops while other markets, including the one in mainland China, continue on their merry way of making money. In recent years, however, the city’s stock exchange has been enhancing its services…
Hong Kong collected HK$189 million (US$24.1 million) from a hotel tax on guests for the first quarter following its reintroduction, with industry leaders raising concerns as to whether a HK$1.1 billion annual income target can be met. Industry veterans also called for more government support, saying the tax figures reflected that hotels were struggling and…
Hong Kong joined its National Games co-hosts in starting the event’s 100-day countdown on Saturday, with the city’s leader saying the focus will be on creating “an unforgettable experience” for anyone attending. Chief Executive John Lee Ka-chiu led the local ceremony at the Velodrome in Tseung Kwan O, which went ahead despite the city getting…
At 8.30am on Monday, 24-year-old Lisa Sun leaves her flat in Shenzhen and begins her long commute to work. It starts with an e-bike ride through her neighbourhood, followed by a packed Metro journey, a border crossing intermission, and a similarly packed MTR trip. Ninety minutes later, she steps out into the bustle of Causeway…