An Asian city will eventually overtake London and New York as the world’s leading financial centre, with Hong Kong well placed to compete for the top spot given its legal predictability and low tax burden, according to the creator of a closely watched ranking of financial hubs. “It’s going to happen because it’s so tight,”…
The global advertising industry is mourning the death of Hong Kong-born Meta Greater China creative chief Kitty Lun Kit-ying, who drowned in a swimming pool at a residential complex earlier this week. A source close to the investigation confirmed on Thursday that Lun was identified as the 70-year-old woman who died after drowning in the…
When a 100-strong South Korean tour group approached a Hong Kong craft beer manufacturer for a tour and tasting session, the operator declined their request. The refusal was not down to a lack of confidence in the product or a staff shortage. It was regulatory: the brewery simply lacked a licence to serve its beer…
Hong Kong should press ahead with its proposed tax break on carried interest, the performance fees earned by hedge fund and private equity managers, after Singapore unveiled a rival tax-exemption scheme, according to industry participants. The bill, submitted to lawmakers in June and expected to come to a vote later this year, has sparked debate…
Hong Kong has changed since the turmoil of 2019-20. Few people would dispute this. The more important question is what kind of city it is becoming. It is evolving into a more nationally integrated yet still distinctive city. The emerging model seeks to combine market dynamism and international connectivity with clearer alignment to national development….
What will a stronger international financial centre look like for Hong Kong? Doubling down on yuan internationalisation is a key focus, experts say in this second of our five-part series on the city’s first five-year blueprint. Read part one here. With a symbolic press of a button, top officials and securities regulators from Hong Kong…
During the opening ceremony of Ride to Shine Hong Kong this month, Secretary for Culture, Sports and Tourism Rosanna Law Shuk-pui challenged Hongkongers to cycle more than 1.2 million km – a distance equivalent to circling the Earth 30 times – to commemorate Hong Kong’s 30th anniversary of returning to China next year. Cycling is…
An intergovernmental mediation body headquartered in Hong Kong has resolved at least one more dispute since settling a case involving parties from Singapore and mainland China, while its influence has grown to cover 46 signatory and 16 contracting states. Teresa Cheng Yeuk-wah, secretary general of the International Organisation for Mediation (IOMed), also said on Sunday…
Earlier this month, the first batch of 14,000 free tickets to visit the People’s Liberation Army’s naval vessels during their stopover in Hong Kong was claimed within minutes of being released. Families queued online for the opportunity to step aboard the ships, and the open days quickly became one of the most talked-about events of…
Taxi trade leader Chau Kwok-keung says he has never felt as much fear as he does now after transport minister Mable Chan set a 10,000-vehicle cap for ride-hailing service permits in May, in a bid to resolve what she called a “long-standing controversy” between traditional cabs and online service providers. Chau, a 40-year veteran of…