CK Asset Holdings, one of the flagship companies owned by billionaire Li Ka-shing’s family, reported weaker-than-expected first-half profit amid a challenging housing market in Hong Kong and declining rental income from its commercial properties. Profit attributable to shareholders fell 26.2 per cent to HK$6.3 billion (US$806.4 million) in the six months to June, according to…
Hong Kong police have foiled a “guess who I am” phone scam, arresting two mainland Chinese men hired by a fraud syndicate and preventing an elderly woman from losing HK$100,000 (US$12,740). Chief Inspector Ma Suet-yiu of the force’s Western district on Wednesday said the arrests were made after the 78-year-old woman received a phone call…
E-payment service provider AlipayHK will continue to waive fees for Hong Kong taxi drivers to encourage them to use its system, with the company saying the penetration rate has remained low due to cabbies’ persistent reluctance. Simon Leung, alternate chief executive of AlipayHK, said that the company had implemented several measures to boost adoption. These…
Hong Kong health authorities have warned of a heightened risk of possible chikungunya fever transmissions in the city as more Asian travel destinations popular among residents have also recorded local cases of the mosquito-borne disease. Director of Health Dr Ronald Lam Man-kin on Sunday also highlighted the challenges of preventing the disease from spreading, pointing…
We have selected seven stories from this week’s news across Hong Kong, mainland China, the wider Asia region and beyond that resonated with our readers and shed light on topical issues. If you would like to see more of our reporting, please consider subscribing. 1. China’s high-speed rail nears 50,000km milestone – but is it…
Hongkongers and tourists will no longer be able to take taxis to visit the scenic High Island Reservoir in Sai Kung during certain peak times under a government plan to reduce crowds and congestion, the Post has learned. An insider told the Post on Monday that taxis would be barred from entering Sai Kung Man…
The accelerated development of the Northern Metropolis megaproject through novel approaches is a matter of key community consensus, Hong Kong’s leader has said as he rounded up a 1½-month-long public consultation exercise for his annual policy address in September. Chief Executive John Lee Ka-chiu also said on Sunday that government policies had to consider macroeconomic…
Money never sleeps in Hong Kong, except during some public holidays. The city is known for having many official days off. Often stock trading stops while other markets, including the one in mainland China, continue on their merry way of making money. In recent years, however, the city’s stock exchange has been enhancing its services…
Hong Kong’s plans to impose a required residency period for children of non-local talent before they can apply for subsidised tertiary education is part of efforts to ensure fairness and the reasonable use of public funds, a minister has said. Secretary for Education Christine Choi Yuk-lin on Saturday defended the coming policy change, noting the…
Overseas inflow into China’s onshore ETF market this year through July surged 146.3% from a year ago, rapidly closing the gap with Mainland investment flow into Hong Kong. ChinaAMC stands to capitalize on the trend. BEIJING, Aug. 1, 2025 /PRNewswire/ — The sustained rally and growing risk appetite in China’s onshore equity market has drawn…