Retail sales in Hong Kong dropped for the eighth month straight in October, falling by 2.9 per cent year on year, even as authorities have expressed optimism that spending will increase with the resumption of multiple-entry visas for Shenzhen residents. Provisional estimates from the Census and Statistics Department on Friday put the total value of…
Hong Kong’s leader has hinted at coming positive developments about the resumption of multiple-entry visas for Shenzhen residents and the expansion of a “one-trip-per-week” visit scheme to more mainland Chinese cities. Chief Executive John Lee Ka-chiu on Thursday expressed his gratitude to the central authorities for their support of the measures aimed at revitalising Hong…
Hong Kong has expanded the list of eligible universities under the Top Talent Pass Scheme, adding 13 mainland universities and overseas institutions, including the University of the Arts London, Renmin University of China, Tongji University and Sichuan University. This brings the total count of eligible universities to 198 worldwide. Those who hold a bachelor’s degree…
Hong Kong plays a major role in the artificial intelligence (AI) industry in terms of connecting mainland China and the rest of the world amid geopolitical headwinds, according to a senior executive at the Hong Kong Productivity Council (HKPC). “At the moment, we are artificially creating a barrier between the US and mainland China, and…
Boosts Hong Kong as a Regional Trading Hub for Wine and Spirits – The three-day Fair concluded yesterday, attracting some 8,200 trade buyers from 61 countries and regions– 50 events and conferences held during the Fair helped facilitate trade and business networking– A lower duty rate for liquor, announced in the latest Policy Address, helps…
The decision by English snooker star Ronnie O’Sullivan to become a Hong Kong resident has been hailed by personal finance experts as a timely move that may spare him from looming tax status reform in the United Kingdom. But one expert said the seven-time champion would have to give up his UK citizenship to escape…
The decision by English snooker star Ronnie O’Sullivan to become a Hong Kong resident has been hailed by personal finance experts as a timely move that may spare him from looming tax status reform in the United Kingdom. But one expert said the seven-time champion would have to give up his UK citizenship to escape…
Hong Kong’s office market is likely to trail other segments in terms of recovery as interest-rate cuts and easier mortgage financing rules drive bigger interest and deals in the residential and retail properties, analysts said. Office vacancy rates continued to worsen last month in more business districts in the city including Central, Wan Chai, Causeway…
CLN KraneShares Week in Review Asian equities were mixed but mostly higher this week as Mainland China, especially the technology-focused STAR Board, outperformed, and Hong Kong underperformed. Hong Kong’s downdraft this week exposed the fragility of China’s recent bull market, as investors await more stimulus and consumer support confirmations from the National People’s Congress (NPC),…
