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…
British asset manager Schroders will continue to expand in Hong Kong to tap Asia-Pacific’s fast-growing wealth-management and pension businesses, as its top boss believes market uncertainty brought on by the US-China trade war will increase demand for its services. “The tariff issues and trade challenges are going forward, but it would not affect our commitment…
The trend of companies offering flexible working arrangements to retain their top talent, far from a pandemic-era fad, is now a permanent fixture of the office property market, according to International Workplace Group (IWG). In addition, global economic uncertainty was shaping office-space demand, driving companies away from being tied to traditional office leases, said Marc…
The trend of companies offering flexible working arrangements to retain their top talent, far from a pandemic-era fad, is now a permanent fixture of the office property market, according to International Workplace Group (IWG). In addition, global economic uncertainty was shaping office-space demand, driving companies away from being tied to traditional office leases, said Marc…
More mainland Chinese students may opt for alternative destinations for university study due to rising tensions with the US, but Hong Kong’s institutions should nonetheless raise their intake of foreign applicants gradually and maintain their quality, the education minister has said. Secretary for Education Christine Choi Yuk-lin said during a radio show on Saturday that…
Hong Kong authorities expect the mainland China’s coming five-day Labour Day “golden week” holiday to boost the average number of visitor arrivals heading to the city from across the border each day by 10 per cent. But local business leaders have set their expectations low after the retail and catering sectors performed poorly over the…
Hong Kong business leaders have set their expectations low for the Labour Day “golden week” holiday after the retail and catering sectors performed poorly over the Easter break. Their worries also stemmed from Labour Day landing on a Thursday this year, which encouraged residents to secure a five-day break for travelling outside the city by…
A catering sector union has urged the Hong Kong government to regularly review a scheme to import workers to ease long-standing staff shortages and pause it if needed, saying more than 200 locals had reported being fired and replaced by newcomers. The Eating Establishment Employees General Union said on Thursday that it had received a…