Hong Kong’s New World Development (NWD) has shelved plans to acquire the remaining stakes in three commercial sites in Causeway Bay, signalling continued caution among developers despite signs of improving demand in the core office market. The company, which has been selling assets to reduce debt, said it would “exercise prudence as appropriate, having regard…
Beijing’s top official overseeing Hong Kong and Macau affairs has concluded a five-day fact-finding trip to three mainland Chinese cities in the Greater Bay Area to explore ways of deepening the international financial hub’s integration into the national blueprint. The Hong Kong and Macau Affairs Office said that its director, Xia Baolong, had visited Guangzhou,…
The Guangdong-Hong Kong-Macau Greater Bay Area (GBA) is lagging behind China’s national average in basic research, despite showing strong potential in sectors such as semiconductors and smart manufacturing, according to Deloitte. The cluster of cities in southern China, which included Shenzhen, spent about 28.9 billion yuan (US$4.2 billion) on basic research in 2024, accounting for…
Hong Kong’s biggest free-to-air broadcaster swung to a profit of HK$59 million (US$7.5 million) in 2025 from a loss of HK$491 million a year earlier, as threefold growth in revenue from the Greater Bay Area helped shake off a streak of annual losses that began in 2018. Television Broadcasts (TVB) said in a stock exchange…
Beijing has selected Zhang Dongmei, a former vice-president of the All-China Women’s Federation, as a new deputy director of the top office overseeing Hong Kong affairs, making her the first woman to take on the role since the body’s status was elevated in 2023. Zhang’s appointment as the new deputy head of the Hong Kong…
Hong Kong will raise its postage rates next month amid surging oil prices triggered by the conflict in the Middle East, with the cost of posting local letters increasing by 9 per cent to HK$2.40 (31 US cents). Hongkong Post on Monday said that the new rates would come into effect from April 13, highlighting…
With the conclusion of China’s parliamentary “two sessions”, the approval of the 2026 government work report and 15th five-year plan – together with the foreign minister’s press conference – has sent a clear signal of China pursuing steady and quality-driven growth while projecting a firm and timely voice on the world stage. In the work…
Retailers and restaurant operators in Hong Kong are rethinking how they use space as rents fall and demand weakens by moving back to street-level shops and experimenting with short-term “pop-up” leases. Hing Kee Java Edible Bird’s Nest (JEBN), known locally as “Lau Soeng” – Cantonese for “upstairs” – built its business by avoiding expensive street-front…
China’s largest courier, SF Express, will introduce temporary fuel surcharges for local document and parcel deliveries within Hong Kong and Macau, set at HK$1 (13 US cents) and MOP$1, respectively, starting Monday amid a surge in global oil prices. The Shenzhen-based company said on Sunday that the surcharge was introduced in response to “the recent…
Hong Kong should move beyond a “city-centred” approach that merely seeks Beijing’s policy support and instead take steps to align with national priorities by advancing the internationalisation of the yuan and supporting mainland Chinese enterprises’ global expansion, observers have said as this year’s “two sessions” came to a close. With the annual political gathering ending…