Hong Kong’s cash-for-residency scheme has yielded an investment of around HK$16.5 billion (US$2.1 billion) from 543 applicants over the past two years, with two-thirds of their capital directed into funds and the stock market. InvestHK, Hong Kong’s department of foreign direct investment, on Sunday released the latest figures of the New Capital Investment Entrant Scheme…
Hong Kong customs has arrested two domestic helpers suspected to have been using their employers’ homes to store illicit cigarettes and seized HK$900,000 (US$115, 400) worth of goods. Customs said its officers spotted and intercepted two women, aged 40 and 48, carrying suspicious nylon bags on Sunday at Choi Yuen Estate in Sheung Shui and…
Sun Hung Kai Properties (SHKP) scored another sell-out weekend for Sierra Sea, its mega residential project in the New Territories, as homebuyers took advantage of discounted prices that are about 20 per cent lower than those of similar properties in the district. As of 6pm, Hong Kong’s largest property developer sold all 288 of the…
Hong Kong’s economy expanded by 3.1 per cent year on year in the first quarter of 2025, according to advance government estimates. Figures released by the Census and Statistics Department on Friday showed gross domestic product (GDP) increased by an estimated 3.1 per cent in real terms in the first three months. A government spokesman…
Hong Kong should set up a statutory registration system for counsellors and grant legal exemption to professional organisations to publicly address wrongdoings, experts have said, after a body failed to name a member who was expelled over misconduct. Professor Chui Yat-hung, president of the Hong Kong Professional Counselling Association, warned of the dangers posed by…
The US has “brought disgrace upon itself” and made the world aware of its “despicable and shameless behaviour” after imposing tariffs and sanctions on Hong Kong, according to an article published by Beijing’s top office overseeing the city’s affairs. In the commentary posted on Tuesday and titled “Too much evil will lead to self-destruction: the…
The United States has “brought disgrace upon itself” and made the world aware of its “despicable and shameless behaviour” after imposing tariffs and sanctions on Hong Kong, according to an article published by Beijing’s top office overseeing city affairs. In the commentary reposted on Tuesday and titled “Too much evil will lead to self-destruction: the…
While 1980s interior trends are having a moment in fashionable circles, the original design of Scott Austin and Craig Stevenson’s Happy Valley home wasn’t the sort of retro you’d want to revive. Instead, the 581 sq ft space that hadn’t been updated for more than 30 years, with its two-toned bathroom, myriad grilled partition windows…
The S&P 500 and Nasdaq 100 both flashed the dreaded “death cross” formation on Monday. The technical sell signal occurs when an index’s 200-day moving average rises above its 50-day moving average. It can signal a reversal in a prior trend — in this case, the two-year bull market in stocks. The development comes on…
President Donald Trump is once again waving a tariff reduction carrot at China to get it to cave on a TikTok deal. Trump spoke to reporters on Air Force One on Thursday, a day after imposing a baseline 10% tariff on imports from all countries and increasing China’s tariff rate to 54%. He said he…