HSBC Holdings’ exploration of options for its insurance business in Singapore may lead to a sale of the unit as the group reallocates resources to its insurance business in Hong Kong and mainland China, according to analysts. “It makes sense for HSBC to consider an exit from Singapore’s insurance market to focus on Hong Kong…
Hong Kong’s young adults are being pushed off the housing ladder, with the proportion of subsidised homeowners aged 30 to 39 nearly halving to 16 per cent over the past two decades, and a mid-sized private flat now costing more than 18 years of an average household’s combined income, a study shows. The “Hong Kong…
Nearly three-quarters of enterprises from Hong Kong and Greater Bay Area cities will speed up their expansion into the Asean market as a primary strategy to mitigate risks from international trade frictions and shifting global supply chains, according to a survey. The survey and research findings, co-published by the Hong Kong Trade Development Council and…
Hong Kong has taken a significant stride towards cross-border drone flights by teaming up with Nansha in mainland China to develop unified standards, policies and validation pathways through joint tests and trials – an effort that could set a global benchmark. The collaboration follows an accord signed on December 25 between the Hong Kong Productivity…
Hong Kong political heavyweights and former leaders gathered on Friday to pay tribute to the late ex-commerce minister Gregory So Kam-leung, as family and friends honoured his devotion to public service. Among those who attended the memorial service for So, who died on December 13, were former chief executives Donald Tsang Yam-kuen and Leung Chun-ying,…
Extreme weather brought about by the El Nino phenomenon could cost Hong Kong as much as US$300 billion over the 21st century, according to a joint study by local and Singapore universities. The study also painted a bleak picture for public health, finding that Hongkongers born during the two strong El Nino events in 1982-83…
Alongside death and taxes, there are few things more universally certain than corruption in public procurement. That is a reality worth keeping front of mind in Hong Kong as we home in on those we want to blame for the tragic Wang Fuk Court fire that in November killed at least 161 people and left…
A small fire triggered by a power bank broke out aboard an Asiana Airlines flight from Incheon to Hong Kong on Thursday night, injuring a passenger. Cabin crew put out the fire with an extinguisher within two minutes, while the passenger carrying the power bank suffered burns to their hand, according to a report by…
Hong Kong political heavyweights and former leaders gathered on Friday to pay tribute to late commerce minister Gregory So Kam-leung, as family and friends honoured his devotion to public service. Among those who attended the memorial ceremony for So, who died on December 13, were former city leaders Donald Tsang Yam-kuen and Leung Chun-ying, along…
We have selected seven stories from this week’s news across Hong Kong, mainland China, the wider Asia region and beyond that resonated with our readers and shed light on topical issues. If you would like to see more of our reporting, please consider subscribing. 1. China’s Hurricane 3000 microwave weapon can ‘sweep and kill’ drone…