Hong Kong, mainland Chinese authorities arrest 42 in crackdown on people-smuggling ring

Hong Kong, mainland Chinese authorities arrest 42 in crackdown on people-smuggling ring

Hong Kong and mainland Chinese law enforcement agencies have arrested 42 people in a crackdown on a cross-border people-smuggling syndicate that allegedly sold workers forged identity cards, housed them in subdivided flats and placed them in low-paid jobs. Chief Inspector Lau Ho-tak of the organised crime and triad bureau said on Thursday that the cross-border…

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Hong Kong luxury property: Southeast Asian ‘smart money’ fishing for ‘trophy assets’

Hong Kong luxury property: Southeast Asian ‘smart money’ fishing for ‘trophy assets’

Mainland Chinese buyers and “smart money” from Southeast Asia will continue “bottom-fishing for trophy assets” in Hong Kong’s luxury property market as prices remain depressed through 2025, according to the director and head of residential sales at Savills. Capital from Singapore had been flowing to Hong Kong because the Singaporean market had not declined, Thomas…

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