Hong Kong’s trade promotion body will set up a new office in Egypt within the next nine months to expand its footprint in Africa, while recalibrating resources for Nordic countries through its European bases as traditional markets face slower growth. Hong Kong Trade Development Council chairman Frederick Ma Si-hang said on Friday that the organisation…
Stock exchange operator Hong Kong Exchanges and Clearing (HKEX) will allow all listing applications to remain confidential and will reduce market-capitalisation requirements for listings by start-ups and international firms immediately, it announced on Friday. Confirming a report by the South China Morning Post, HKEX will proceed with confidential filing as it proposed in March in…
International architecture firm Herzog & de Meuron, which built Hong Kong’s M+ museum and the National Stadium in Beijing, has donated a second collection of models, sketches and drawings to the art institution in the West Kowloon Cultural District. The M+ said on Thursday that the more than 200 archival items follow an initial donation…
A Hong Kong court has sentenced a British woman to six years in prison after convicting her of blackmailing a compatriot for £100,000 (US$134,060) over rape allegations. Isabel Anonia Barbra Eudora Rose, 26, was sentenced at the District Court on Wednesday, with Judge Adriana Noelle Tse Ching finding her guilty of blackmail and perverting the…
Hong Kong has retained its 17th place among the world’s top destinations for students, but British rankings firm Quacquarelli Symonds (QS) has said that high living costs along with the steepest tuition fees in East Asia continue to deter international applicants. QS also identified limited international diversity and a persistent shortage of accommodation for students…
Earlier this month, the first batch of 14,000 free tickets to visit the People’s Liberation Army’s naval vessels during their stopover in Hong Kong was claimed within minutes of being released. Families queued online for the opportunity to step aboard the ships, and the open days quickly became one of the most talked-about events of…
Taxi trade leader Chau Kwok-keung says he has never felt as much fear as he does now after transport minister Mable Chan set a 10,000-vehicle cap for ride-hailing service permits in May, in a bid to resolve what she called a “long-standing controversy” between traditional cabs and online service providers. Chau, a 40-year veteran of…
This article was first published on July 17, 1986. Cafe de Coral the live wire in quiet market by John Mulcahy Fast-food counter Cafe de Coral hit the boards yesterday (July 16, 1986), trading up to $1.35 and recording the biggest volume of the day. Although 16.6 million Cafe de Coral shares traded, at a…
The Hong Kong stock exchange is drawing a growing number of foreign companies from across Asia and North America that are seeking international capital, as the bourse marks progress in its ambition to be a global magnet for fundraising. The latest firm seeking to join the cohort is Kazakhstan Temir Zholy, the Central Asian nation’s…
Chinese investors pulled a record US$2.91 billion out of domestic gold exchange-traded funds (ETFs) in June, taking profits as a stock-market surge and a strong yuan dimmed the appeal of the safe-heaven metal, according to the World Gold Council (WGC). Mainland Chinese funds were the biggest drag on Asia’s gold ETFs in June, “as local…