Hong Kong will build more subsidised homes in its new I&T hub near the border with mainland China to cater to the increasing needs of middle-class families and align with the city’s strategy to attract top talent, the housing minister has said. Secretary for Housing Winnie Ho Wing-yin also outlined her plans to make public…
By Antoni Slodkowski, Casey Hall and Scott Murdoch BEIJING/SHANGHAI/SYDNEY (Reuters) -Fears that employees of foreign firms risk entanglement with Chinese authorities have resurfaced after news that an employee of U.S. bank Wells Fargo has been banned from leaving the country. Business groups, diplomats and overseas executives say the incident is part of a long-term trend…
Hong Kong strengthened its position as a leading global wealth management hub after investors committed major capital to the city last year, lifting assets under management to HK$35.14 trillion (US$4.5 trillion), just shy of an all-time high, before stocks and other instruments delivered hefty gains. Assets under management in the city grew almost HK$4 trillion…
A gambling debt linked to Hong Kong actor Jacky Heung has been fully settled, Macau casino operator MGM China has said, saying legal proceedings have been terminated. The casino company made the statement on Wednesday, a day after the media reported that its subsidiary, MGM Grand Paradise, had issued a writ against Heung. The actor…
Hong Kong is set to welcome a new top US diplomat as early as the end of this summer, according to the country’s acting consul general in the city, who also indicated Washington’s keen interest in increasing engagement with the local administration. David Schlaefer also confirmed on Tuesday that there was only one candidate for…
Mainland Chinese middlemen are offering Hongkongers driving lessons and tests at nearly half the price of city rates and showing them how to convert permits into local licences, a practice that authorities have deemed illegal. Checks by the Post on popular mainland social media platform RedNote have found that a driving school in Shenzhen is…
A 15-year-old boy and two others have been remanded in custody for allegedly conspiring to seek Hong Kong’s independence through a Taiwan-based political organisation in breach of the national security law. National security police on Friday levelled a charge of conspiring to commit secession under the Beijing-imposed law, a day after announcing their arrests and…
A recent surge in Hong Kong’s exports masks a grim reality for frontline manufacturers, with some facing a sharp drop-off in new orders and bracing for renewed pressure on costs as a 90-day tariff truce between Washington and Beijing ends on Tuesday. Bryant Chan Wan-sing, president of toymaker the Wynnewood Corporation, said the sharp increase…
Hong Kong-based Link Asset Management has said it is “streamlining a small number of roles and positions” as part of an efficiency drive in response to a “challenging operating environment” amid reports that the firm has been conducting lay-offs. Economists said the move by the firm, which owns 150 properties in Hong Kong, mainland China…
Hong Kong-based Link Asset Management has said it is “streamlining a small number of roles and positions” as part of an efficiency drive in response to a “challenging operating environment” amid reports that the firm has been conducting lay-offs. Economists said the move by the firm, which owns 150 properties in Hong Kong, mainland China…