At just 18, Hong Kong tech enthusiasts Rexan Wong Chak-chi and Ken Mochizuki are both rushing to deliver their business ideas. However, their choices of launch pad could not be further apart. While Wong is eyeing Silicon Valley in the United States for better support, Mochizuki is keen to stay in the city and contribute…
A Hong Kong lawmaker has warned that an unfolding crypto scam run by a coffee investment venture based in Vietnam could involve more than 1,000 victims, as an investor reported losses of HK$14 million (US$1.73 million) across her team. The warning came as police said that total reported losses tied to the syndicate operating as…
Hongkong Land will acquire Singapore’s Wheelock Place for about S$1.1 billion (US$900 million) through its Singapore Central Private Real Estate Fund (SCPREF), marking the fund’s first acquisition since its launch in February. The mixed-use commercial property on Orchard Road is being acquired from an entity owned by Hong Kong-listed Wharf Real Estate Investment Company, according…
More than 90 per cent of mainland Chinese enterprises plan to expand overseas within the next two years, with over 80 per cent aiming to use Hong Kong as their launch pad into Southeast Asia, a survey has found. The research findings, published by the Trade Development Council on Wednesday, indicate that mainland firms are…
An annual e-commerce shopping festival supporting Hong Kong’s small and medium-sized enterprises will expand into the Asean region for the first time via Singapore and Malaysia, with plans to include other countries in future. The Trade Development Council, the organiser, said on Tuesday that the third edition of the annual Hong Kong Shopping Festival, launching…
Singapore-based investors have become the largest group of non-local buyers of commercial properties in Hong Kong, drawn by the sizeable correction in the prices of distressed assets amid a slump in the city’s office segment, according to Colliers. The demand from Singapore was likely to remain steady in the coming months, given that the prices…
Stock exchange operator Hong Kong Exchanges and Clearing (HKEX) will allow all listing applications to remain confidential and will reduce market-capitalisation requirements for listings by start-ups and international firms immediately, it announced on Friday. Confirming a report by the South China Morning Post, HKEX will proceed with confidential filing as it proposed in March in…
Hong Kong police have arrested a 72-year-old local man for practising dentistry illegally at a shop used by a mainland Chinese dental clinic to promote its business in the city, following calls from the local industry for tighter regulatory oversight of such activities. The arrests were made during a joint operation conducted by police and…
Hong Kong has retained its 17th place among the world’s top destinations for students, but British rankings firm Quacquarelli Symonds (QS) has said that high living costs along with the steepest tuition fees in East Asia continue to deter international applicants. QS also identified limited international diversity and a persistent shortage of accommodation for students…
Hong Kong Exchanges and Clearing (HKEX) would proceed with its listing reform to allow confidential filings and a lower market capitalisation requirement, as part of the exchange operator’s plan to increase its international competitiveness, two sources told the South China Morning Post. The move would be a result of the exchange’s months-long consultations with market…