Worried Hong Kong parents who bought a popular powdered infant formula are taking their children for medical check-ups after a batch of the product was found to contain excessive levels of lead. One mother told the South China Morning Post on Tuesday that her five-month-old baby was staying in hospital for observation after the child…
Two US-developed treatments for breast cancer and a degenerative eye disease will undergo large-scale clinical trials in the Greater Bay Area in a collaboration involving Hong Kong, Shenzhen and a pharmaceutical start-up founded by a former lawmaker. The agreement was formalised on Tuesday when Health Hope Pharma founder Dr Dennis Lam Shun-chiu signed a memorandum…
The Dutch maker of Friso, a popular powdered infant formula brand, has stressed that tests show its product is safe, despite a recall of a product batch in Hong Kong and Macau after excessive levels of lead were found in samples. In a statement on Sunday, Royal FrieslandCampina said: “We have conducted additional third-party quality…
Life insurance sales in Hong Kong rose 51 per cent in the first quarter to another record high, driven by affluent customers from mainland China and overseas buying policies for wealth transfer, protection and medical needs. The industry wrote HK$141.1 billion (US$18 billion) in new life policies in the first quarter, compared with HK$93.4 billion…
Even as local retail spending remains resilient, Hong Kong consumers are shopping more across the border in mainland China, drawn by lower prices and wider adoption of digital payments, according to data from payment giant UnionPay International. Offline UnionPay card spending in mainland China by Hong Kong residents rose nearly 30 per cent year on…
The Hong Kong Jockey Club has urged the city to position the Greater Bay Area as a leading equine hub under its first five-year plan, proposing the formation of a distinctive racing circuit for both mainland Chinese and international tourists. In a submission to the government on Thursday, the club said the equine industry had…
Many mainland Chinese businesses that joined a Hong Kong-led delegation to Central Asia last month are preparing to list in the city to raise capital for global expansion, Chief Executive John Lee Ka-chiu has revealed. At a summit on Tuesday, the city leader stressed that Hong Kong would continue to leverage its role as a…
Macau has lost some of its ‘local flavours’ these days, Hong Kong’s former financial secretary, John Tsang, wrote on his social media account. Tsang, best known for being the longest-serving financial secretary in the neighbouring special administrative region, made the remark on Sunday after a recent trip to Macau, accompanied by a ‘long-time friend’ who…
The launch of a trial gold central clearing platform and a new tailored price ticker marks a pivotal infrastructure upgrade for the SAR The move aligns with national economic planning while boosting offshore Renminbi internationalisation and regional market integration Sonny Shiu-Hing Lo* The launch of a gold central clearing and settlement system, which is conducted…
When a tourist tried to pay for a burger in cash at a Tsim Sha Tsui restaurant in 2023, staff refused. The outlet accepted only cards and electronic wallets. The episode went viral, with debate raging over whether or not this is legal. After all, Hong Kong bank notes and coins constitute legal tender in…