The government of Hong Kong is weighing additional incentives to attract more catastrophe bond issuers and investors, following its second annual insurance-linked securities (ILS) conference aimed at promoting the city as a global hub for alternative risk transfer, according to a recent article from South China Morning Post.“Hong Kong is the best investment hub for…
A robber who triggered a manhunt after he held a woman at knifepoint and stole HK$370,000 (US$47,180) from a Hang Seng Bank branch is a Hongkonger and has fled to mainland China, the Post has learned. A source said on Tuesday that police’s elite tactical unit, the Flying Tigers, was searching for the local man,…
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…
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…
Rightly or wrongly, Hong Kong is often compared with Shanghai or Singapore in various ways. From attracting foreign capital and talents to staging mega-concerts and events, the three places are seen as competing against each other. But while rivalry has become unavoidable on the global stage these days, Hong Kong certainly has its own unique…
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…
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…
More than 22 hectares (54 acres) of ecologically valuable land have been damaged in Hong Kong’s South Lantau and northwestern New Territories, local groups have found, warning that poorly planned tourism development in these areas will worsen the harm. Greenpeace and Liber Research Community, an NGO focusing on development issues, released findings of a survey…