A more liberal exchange of capital between the mainland and Hong Kong should be facilitated to enhance the city’s international competitiveness and allow China to participate more freely in the world’s markets, panellists told the China International Finance Forum on Wednesday. “We need stronger policy initiatives to support freer capital flow between Hong Kong, the…
Hong Kong’s two power companies have unveiled relief measures worth more than HK$310 million (US$39.8 million) for consumers before a meeting in the legislature to discuss their prices, with some initiatives aimed at low-income households and NGOs. CLP Power said on Friday it would spend HK$240 million on 12 initiatives launching next year, including a…
Hong Kong police have arrested five people in the latest crackdown on the illegal use of e-bicycles and other powered devices in Kowloon. The force said on Thursday that the five men aged 34 to 63 were intercepted the day before in Kwun Tong, Sau Mau Ping and Tseung Kwan O. The five were detained…
The CEO of Hong Kong’s largest power supplier said electricity sales have risen because of digitalisation and electrification in the city’s economy, which has brought growth opportunities and decarbonisation challenges. “Electrification is a global trend for achieving decarbonisation in some sectors like transportation and home cooking, which has resulted in greater demand for electricity,” CLP…
Home foreclosures in Hong Kong have risen for two quarters in a row and are expected to increase again in the coming period, Centaline Property said, as property transactions experience an uptick. For the third quarter, 189 foreclosures of private residential properties – those seized by banks due to missed mortgage payments – were recorded,…
The new HK$30 billion (US$3.9 billion) Kai Tak Sports Park was put through its paces with a football match on Sunday. By most measures its first trial run was a success, allowing authorities to breathe a sigh of relief. Within 10 minutes of the final whistle for the match between Sai Kung and Wong Tai…
Tenants affected by Hong Kong’s proposed clampdown on subdivided flats will not receive priority for public housing allocation, with a minister saying the decision aims to prevent people from moving into subpar homes to game the system. Secretary for Housing Winnie Ho Wing-yin also said on Saturday that the government intended to start the legislative…
Veteran Hong Kong political scientist and commentator James Sung Lap-kung has died at the age of 71. Sung died on Thursday, according to an alumni association for which he had been vice-chairman since 2022. “During his tenure, he actively promoted the development of the association and assisted in organising large-scale events, uniting alumni from all…
Hong Kong police were investigating a traffic accident in which a 22-year-old motorcyclist rammed into the back of a stopped vehicle on the Lantau Link and died on Friday. The force said the motorcycle was travelling towards Kowloon when the accident happened at 12.48pm. “It reportedly rammed into a stationary light goods vehicle,” the force…
Five Hong Kong firefighters were hurt on Friday after their vehicle was rear-ended by a goods truck when they went to assist at a traffic accident involving a car and a wild boar. The initial crash took place in Sai Kung at about 11.24am when a Kowloon-bound private car was travelling along Clear Water Bay…