SHANGHAI, – Mainland China and Hong Kong stocks edged higher on Wednesday as global sentiment improved following a ceasefire between Israel and Iran, while some hopes for an earlier-than-expected rate cut from the Federal Reserve also lent support. China, HK stocks rise as Middle East truce lifts sentiment ** The ceasefire brokered by U.S. President…
Hong Kong needs to completely overhaul its civil servant review mechanism rather than add another layer of assessment to the existing system if the administration wants to improve performance and governance, observers have said. While one lawmaker said the government should implement clear assessment criteria for civil servants, others stressed that objective performance measures for…
Hong Kong police have arrested eight suspects aged as young as 20 in a crackdown on a cross-border syndicate that allegedly sold fake concert tickets for a total of HK$650,000 (US$82,800), with the Post learning that Taiwanese star Jay Chou’s fans were among those targeted. The force said on Wednesday that the suspects were all…
Hong Kong welcomed more than 4 million visitors in May, a 20 per cent year-on-year increase, with authorities attributing the surge to the Labour Day “golden week” holiday. According to provisional figures released by the Tourism Board on Monday, more than 3.1 million of the visitors in May were from mainland China, a 19 per…
Hong Kong travel agencies have launched cheaper outbound group tours this summer, driven by increased flight capacity amid a shift in tourists’ preference away from Japan due to increased earthquake concerns. Several tour operators have reported that prices for their summer group tours are either lower or have remained stable, adding that popular destinations include…
Hong Kong travel agencies have launched cheaper outbound group tours this summer, driven by increased flight capacity amid a shift in tourists’ preference away from Japan due to increased earthquake concerns. Several tour operators have reported that prices for their summer group tours are either lower or have remained stable, adding that popular destinations include…
Hong Kong can be a crucial partner in the continued and orderly opening of mainland China’s capital markets, particularly in advancing the internationalisation of its currency, according to HSBC’s co-CEO. As a financial hub connecting East and West, Hong Kong “can play a key role in promoting the yuan’s internationalisation by expanding its offshore liquidity…
Beijing’s national security arm in Hong Kong conducted its first publicly known joint operation with the city’s police to determine whether a suspected collusion case is complex to the extent that it requires mainland China to take over, the security minister has revealed. Secretary for Security Chris Tang Ping-keung said on Saturday that no arrests…
Customs officials are working with the University of Hong Kong to develop a tool that can trace cryptocurrency transactions, with the authority stressing it had recorded seven suspected money laundering cases involving virtual assets and more than HK$9 billion (US$1.1 billion) in recent years. Mario Wong Ho-yin, assistant commissioner for intelligence and investigation at the…
WeChat Pay Hong Kong has recorded a fourfold increase in mainland Chinese tourist payments for taxi services in the city from last year and growing usage among locals and visitors alike, according to parent company Tencent. Vice-president of Tencent Financial Technology Daniel Hong Danyi said on Thursday that the number of transactions from mainland tourists…