Hong Kong economy

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Property investment

Paul Chan says 90 per cent of the new companies plan to establish international or regional headquarters in the city. Photo: May Tse

Hong Kong economy

Another 17 firms to set up offices in Hong Kong under push to develop I&T sector

Financial Secretary Paul Chan also says city will need to be fully prepared for effects on global economy brought about by US presidential election.

3 hours ago

Exclusive | Dominican Republic can help Hong Kong connect with Latin America, envoy says

10 Nov 2024 - 9:53AM

Hypefest draws crowds and vendors in Hong Kong debut despite typhoon threat

9 Nov 2024 - 7:58PM

Hong Kong economy

Businessman behind Hong Kong’s Tim Ho Wan growth says crucial to retain founders

Robert Chua looks back over his career in Hong Kong, including time at TVB, and reveals mixed emotions over Jollibee’s acquisition of dim sum chain.

9 Nov 2024 - 10:26PMvideocam

“Tim Ho Wan is still a Hong Kong brand, it just so happens the ownership has gone to Jollibee,” businessman Robert Chua says. Photo: Edmond So

Business

Hong Kong home prices to bottom out in short term after rate cut: analysts

Unexpected prime-rate cut by local lenders seen bringing more buyers into market, shoring up prices.

8 Nov 2024 - 6:30PM

Banking & Finance

Hong Kong’s base interest rate drops to 5% in second cut

Together with the half-percentage-point cut in September, Hong Kong’s key rate has now fallen back to February 2023’s level.

8 Nov 2024 - 11:06AM

Hong Kong economy

Japanese officials in talks with Hong Kong over city’s seafood ban: envoy

Kenichi Okada, country’s consul general in Hong Kong, urges action over ban during inaugural exhibition on sushi.

7 Nov 2024 - 6:37PM

Consul General Kenichi Okada at the opening preview of the Japan Foundation’s traveling exhibition, “I Love Sushi”, held at the City Hall Exhibition Gallery in Central. Photo: May Tse

Hong Kong economy

Hong Kong’s liquor tax cut boosts interest among patrons at wine and spirits fair

Merchants at event say recent levy cut for liquors with import price of more than HK$200 has encouraged them to bring out pricier wares.

7 Nov 2024 - 6:40PM

The Hong Kong International Wine and Spirits Fair is being held at the Convention and Exhibition Centre in Wan Chai for three days. Photo: Elson Li

Hong Kong economy

Jollibee parent fully acquires Hong Kong’s famed Tim Ho Wan dim sum chain

Jollibee Food Corporation buys remaining 8 per cent stake in company for S$20.2 million.

7 Nov 2024 - 7:24PM

Hong Kong economy

Hong Kong’s John Lee confident over Shanghai ties, says focus on economy

Chief executive wraps up three-day visit to mainland China for world-leading expo, with deals signed to bring more companies to city.

6 Nov 2024 - 8:12PM

Hong Kong economy

Concert by Hong Kong’s Mirror, Collar to be held at Kai Tak Sports Park

Thai acts Scrubb, Serious Bacon, Atlas among others who will join Cantopop groups in trial event for audience of 5,000 on December 20.

6 Nov 2024 - 7:23PM

Hong Kong Cantopop girl group Collar will be joined by other local acts and Thai pop stars for the trial event. Photo: Facebook

Hong Kong economy

Flying over Hong Kong in passenger drones? Firm says just waiting on approval

Subsidiary of Kwoon Chung Bus Holdings seeking first-mover advantage with fleet of 30 uncrewed drones undergoing test flights over border.

6 Nov 2024 - 8:25PM

Kwoon Chung Smart Mobility managing director Rex Wong at AsiaWorld-Expo. Photo: Dickson Lee

Hong Kong economy

Shanghai mayor vows more listings in Hong Kong as key trade show opens

Gong Zheng makes pledge at symposium in Shanghai organised by the Hong Kong government and Trade Development Council.

5 Nov 2024 - 10:20PM

Hong Kong economy

Hong Kong authorities propose downsizing Tseung Kwan O land development project

Government suggested cutting amount of land created through reclamation, slope-cutting down to about 20 hectares after public outcry.

5 Nov 2024 - 6:29PM

Society

Hong Kong unions seek 5.5% pay rise in 2025 as survey shows workers cut expenses

‘Workers have said that the average salary increase of 4.5 per cent this year will help them a little, but it is not enough to handle their actual expenses,’ federation vice-chairwoman says.

5 Nov 2024 - 4:42PM

A labour union has called for a pay rise of 5.5 per cent next year. Photo: Dickson Lee

Business

Hong Kong leads Greater Bay Area in finance, logistics and tourism: index

City also tops the charts in culture and sports, according to an index by Our Hong Kong Foundation (OHKF) and Dah Sing Bank.

5 Nov 2024 - 4:00PM

A visual representation of the Greater Bay Area at the Nansha Planning Exhibition Hall in Guangzhou on June 11, 2024. Photo: Eugene Lee

Hong Kong economy

Hong Kong’s 3-runway system to start operating on November 28

Acting finance chief Michael Wong calls on aviation stakeholders to capitalise on project, promises authorities will help.

5 Nov 2024 - 6:25PM

Hong Kong economy

Hong Kong leader vows to attract Shanghai business as he heads to prominent expo

Chief Executive John Lee leads delegation of ministers to China International Import Expo in Shanghai.

5 Nov 2024 - 8:32AM

Business

Hong Kong home sales surge to 5-month high amid easier mortgage rules

A total of 4,697 new and lived-in homes changed hands in October, reversing a two-month decline.

4 Nov 2024 - 7:16PM

People passed a property agency in South Horizons. Photo: Eugene Lee

Hong Kong economy

Palace of Versailles, Beijing Palace Museum loan relics for Hong Kong exhibition

Exhibition at Hong Kong Palace Museum to run from December 18 until May 4 of next year to celebrate 60 years of Sino-French diplomatic ties.

4 Nov 2024 - 6:37PM

A chrysanthemum pot used at the court of China’s Qianlong emperor will be among the historical artefacts set to go on display in Hong Kong. Photo: Handout

Business

Start-up spurs Xiaohongshu-ready ‘experiences’ in Hong Kong

Strategy also seeks to capture anticipated growth in visits by Western tourists who spend more per capita.

4 Nov 2024 - 12:19PM

Banking & Finance

Hong Kong’s financial war chest posts record gain of US$28.8 billion

Lawmakers asked whether the fund could give more to address the government’s deficit, but HKMA’s CEO urged sticking with an existing formula.

4 Nov 2024 - 5:36PM

Hong Kong economy

Exclusive | Hongkongers urged to visit Mongolia, enjoy its wide open spaces

Additional flights and longer visa-free travel will boost tourism and business opportunities, envoy says.

4 Nov 2024 - 10:59AM

Khulan Onkhoon, consul general of Mongolia. Photo: Dickson Lee

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