Hong Kong should develop new markets in Africa and South America as it faces obstacles in its traditional ones in Europe and North America, the head of the city’s trade promotion body has said. Trade Development Council chairman Frederick Ma Si-hang also said on Saturday that the city had to increase the size of its…
Hong Kong’s leader has sought to deepen ties with the EU in a meeting with the bloc’s representatives, saying the city will remain a free port despite growing protectionism globally. Chief Executive John Lee Ka-chiu said on Wednesday that he had hosted a lunch attended by Harvey Rouse, head of the Office of the European…
Beijing’s point man on Hong Kong and Macau affairs has called on the casino hub to “stand firm” amid the Sino-US trade war and explore new markets, according to politicians who met him during his visit to the city. Xia Baolong, director of the Hong Kong and Macau Affairs Office (HKMAO), on Sunday also emphasised…
Hong Kong authorities expect the mainland China’s coming five-day Labour Day “golden week” holiday to boost the average number of visitor arrivals heading to the city from across the border each day by 10 per cent. But local business leaders have set their expectations low after the retail and catering sectors performed poorly over the…
Hong Kong business leaders have set their expectations low for the Labour Day “golden week” holiday after the retail and catering sectors performed poorly over the Easter break. Their worries also stemmed from Labour Day landing on a Thursday this year, which encouraged residents to secure a five-day break for travelling outside the city by…
The 61-year-old Mandarin Oriental hotel in Central will undergo a US$100 million renovation demonstrating the company’s continued faith in Hong Kong as a premier tourism destination, the group’s chief executive has said, dismissing suggestions the city suffered from a negative image overseas. In an exclusive interview with the Post, Laurent Kleitman, group chief executive of…
Some Hong Kong-based shipowners are looking to navigate US tariffs and Washington’s escalating trade war with China by changing their vessels’ registration flags to jurisdictions with fewer geopolitical risks such as Panama and Liberia, the Post has learned. According to industry sources, some shipowners are preparing exit plans to mitigate rising political risks even though…
Some Hong Kong-based shipowners are looking to navigate US tariffs and Washington’s escalating trade war with China by changing their vessels’ registration flags to jurisdictions with fewer geopolitical risks such as Panama and Liberia, the Post has learned. According to industry sources, some shipowners are preparing exit plans to mitigate rising political risks even though…
Tariffs imposed by the US will inevitably have a short-term impact on Hong Kong as an international trading hub, the city’s finance chief said, as he vowed to prepare for the worst and take action to support businesses. Financial Secretary Paul Chan Mo-po weighed in on the sweeping tariffs for the second straight day on…
Hong Kong’s commerce minister has said the government is considering launching a dispute with the World Trade Organization (WTO) over America’s “unreasonable” tariffs on the city’s goods, but has dismissed concerns about the policy’s impact. Secretary for Commerce and Economic Development Algernon Yau Ying-wah said on Thursday that the Hong Kong government strongly disapproved of…