The European Union will remain open to capital from mainland China and Hong Kong even as the bloc pursues a “de-risking” strategy in certain key sectors, its budget chief has said on his first visit to the city. Piotr Serafin, the European Commissioner for Budget, Anti-Fraud and Public Administration, also said that the EU was…
Hong Kong Investment Corporation (HKIC), the government’s investment arm, has teamed up with venture capital firm Gobi Partners and the University of Hong Kong (HKU) to launch a fund on Tuesday to invest in technology start-ups spun off from the university’s research breakthroughs, according to an HKIC statement. Gobi-HKU Fund I made two investments at…
Non-local students could pay up to HK$350,000 (US$44,680) per year to study in Hong Kong’s semi-private schools after the institutions were allowed to admit them by offering additional places, with scholarships to cover some expenses. But an education consultant specialising in expatriate placements for Hong Kong schools said the charges were uncompetitive, noting the cost…
Hongkonger Shirley Sung finally returned home on Sunday after being stranded in Dubai for a week and making eight failed attempts to secure a flight, ultimately paying HK$11,000 (US$1,406) to escape the Middle East conflict via Kuala Lumpur. The 30-year-old solo traveller, who had flown to the United Arab Emirates (UAE) for a wedding, found…
The Hong Kong government has started the year with initiatives that have far-reaching impacts on the city’s long-term growth. Chief Executive John Lee Ka-chiu announced that he is spearheading Hong Kong’s inaugural five-year plan, which will promote broader integration with China’s five-year plan and ensure a bigger role for the city in the nation’s economic…
Hong Kong police have arrested a passenger for allegedly stealing HK$25,000 (US$3,200) in foreign currency from carry-on luggage on an inbound flight from Kuala Lumpur. Airport police said on Sunday that a male passenger had reported the previous day that his money had been stolen from his luggage stored in an overhead compartment. Authorities said…
Scroll through Tam Jai International’s mobile apps and you will encounter a wave of perks, menu offerings and other choices laid out to tempt you to the Hong Kong restaurant group’s staple offering, noodles. The apps are among several strategies, along with filling all dining segments from breakfast, lunch, tea and dinner with new menu…
Chinese authorities have intercepted 430kg (948lbs) of cocaine aided by tip-offs by the United States, a sign of possible progress on the issue following an agreement on counternarcotics cooperation reached by the leaders of the two countries in October. Chinese authorities had found the drug in an international container at the Yantian port in Shenzhen,…
Across the strategic waterway of the South China Sea, claimant countries are increasingly relying on long-endurance aerial drones to carry out continuous patrols – overcoming the geographic and logistical limitations of traditional aircraft and ships. The US Marine Corps last month deployed MQ-9A Reaper drones to the Philippines, at Manila’s request, to “support Philippine regional…
By lifting its arms embargo on Cambodia, Washington has signalled that President Donald Trump aims to lure Phnom Penh away from Beijing – a move experts warn would be difficult to achieve. According to a notice from the US Federal Register, the State Department formally ended its arms embargo on Cambodia as of November 7,…