Hong Kong’s financial regulators have pledged to ease listing requirements for mainland Chinese companies, as they eye the city’s stock market as a source of funding to support their global ambitions. The market watchdog and the bourse operator would unveil proposed revisions later this year, aiming to lower the fundraising threshold, optimise market structure and…
Hong Kong restaurant diners spent HK$27.6 billion (US$3.5 billion) in the fourth quarter of last year, a small increase in year-on-year sales, with the government attributing the growth to a recovering mainland Chinese economy and improvements in local tourism and market sentiment. Provisional data released by the Census and Statistics Department on Thursday showed the…
Debate has intensified over whether Hong Kong should lift its restrictions on Japanese seafood imports after tests of seawater conducted by mainland China from near the crippled Fukushima Daiichi nuclear power plant indicated marine life was not being harmed. The results came from samples collected last October when Chinese scientists were given access under international…
Hongkongers are facing many economic uncertainties, with a trade war topping the list, but the city’s diversified export destinations and support from mainland China will help reduce any negative impact, according to the CEO of the Hong Kong Monetary Authority (HKMA). The city’s de facto central bank was closely monitoring the development and impact of…
Mainland Chinese visitors made more than 400,000 trips to Hong Kong during the past three days before the start of the Lunar New Year “golden week” holiday, a third of the 1.2 million outbound journeys that city residents embarked on over the same period. A representative for a developer said on Tuesday that several shopping…
Eight people from mainland China were arrested over the past week for working illegally in Hong Kong, including providing services as tour guides, and helping locals buy food, groceries and daily necessities on the other side of the border. Immigration Department deputy commander Leung Tsz-chung said on Tuesday that the arrests, which took place from…
Hong Kong and mainland Chinese authorities are exploring how to prevent students from across the border from falling victim to scams before they arrive in the city amid a growing number of such cases, the Post has learned. A source also said on Sunday that the University of Hong Kong (HKU) had become the latest…
Hong Kong and mainland Chinese authorities are exploring how to prevent students from across the border from falling victim to scams before they arrive in the city amid a growing number of such cases, the Post has learned. A source also said on Sunday that the University of Hong Kong (HKU) had become the latest…
Nobel-winning economist James Robinson has hailed Hong Kong for its “amazing” inclusive society, calling on the city to deepen such inclusion and stay true to how it became great to further its “incredible success story”. Robinson, a British-American professor at the University of Chicago, also told a seminar on Thursday that he was a believer…
Hong Kong has signed a deal with a mainland Chinese trade promotion body to foster cross-border investment and development, with Chief Executive John Lee Ka-chiu describing the city as a “promoter” of the Greater Bay Area. Addressing a business conference on Wednesday, Hong Kong’s leader also said the city should use its professional services sector…