The Hong Kong government will offer incentives to attract more issuers and investors to participate in catastrophe bonds in the city to help address growing climate risks. “Hong Kong is the best investment hub for catastrophe bonds because we have capital, financial infrastructure and all the professionals and brokers needed to support the issuance of…
Hong Kong will help internationalise mainland China’s advanced standards for chest pain treatment centres, authorities have revealed, with Beijing pledging to support the city in providing healthcare services to the world amid rising unilateralism. The Hospital Authority said on Monday the centres, including the city’s first at Queen Mary Hospital in Pok Fu Lam which…
HiTS (Shanghai) Hydrogen Power Technology, which aims to be the BYD of commercial drones powered by hydrogen fuel cells, plans to set up research and assembly operations in Hong Kong to serve international markets, according to its chief financial officer. Just as the world’s leading electric-vehicle maker BYD also makes EV batteries, HiTS has expertise…
A traveller from Thailand has been given a two-year jail sentence in Hong Kong for smuggling 187 parrot eggs valued at an estimated HK$1.4 million, with an expert saying the seizure is part of a global uptick of such cases involving endangered species. A Hong Kong court on Friday convicted the Thai man, 30, of…
A traveller from Thailand has been given a two-year jail sentence in Hong Kong for smuggling 187 parrot eggs valued at an estimated HK$1.4 million, with an expert saying the seizure is part of a global uptick of such cases involving endangered species. A Hong Kong court on Friday convicted the Thai man, 30, of…
Some of Asia’s richest families are cutting exposure to US assets, saying President Donald Trump’s tariffs have made the world’s largest economy much less predictable. One family office managing assets for Chinese billionaires exited its US holdings entirely and will shift the proceeds to Asia. A senior executive at one of Europe’s largest private banks…
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Hong Kong has recorded more residents leaving the city at the beginning of the five-day Labour Day “golden week” holiday than mainland Chinese tourists coming in, with many inbound visitors favouring sightseeing, shopping and hiking. As of 10am on Thursday, nearly 63,000 mainland Chinese tourists had flocked to Hong Kong while more than 80,000 city…