Hong Kong’s tax revenue dropped by HK$18.2 billion in the last financial year, the second straight year of decline, amid slumps on the stock exchange and in the property market. The Inland Reve...
Seventy per cent of Hong Kong’s Small and Medium Enterprises (SME) say their income has dropped below pre-pandemic levels, despite Covid-19 restrictions being lifted a year ago, a survey has fo...
A US bill has been introduced to rename part of the street in front of Hong Kong’s representative office in Washington DC “Jimmy Lai Way.” The move aims to honour the 76-year-old media tyco...
By Holmes Chan Banking giant HSBC said Tuesday that chief executive Noel Quinn would retire after overseeing a “successful transformation” of the firm and record profits during almost five ye...
Hong Kong is set to raise the hourly minimum wage by 4.5 per cent to HK$41.8, local media have reported citing sources. The Minimum Wage Commission will also reportedly review the amount annually...
Chinese tech giant ByteDance has said it has no plans to sell TikTok after a new US law put it on a deadline to divest from the hugely popular video platform or have it banned in the United State...
Hong Kong’s accounting regulator said it would start an investigation into PwC’s role in auditing Chinese real estate giant Evergrande, citing the publication of a “whistle-blower report”...
By Peter Catterall China’s economy expanded far more than expected in the first quarter of 2024, data showed Tuesday, but disappointing retail and industrial figures suggested leaders face seve...
Hong Kong should attract family offices provided that they are run by “legitimate businessmen” with “legitimate money,” the city’s Chief Executive John Lee has said after a Dubai sheikh...
By Beiyi Seow The United States “will not accept” a situation where underpriced Chinese goods flood the global market, battering industries elsewhere, US Treasury Secretary Janet Yellen said ...
The Hong Kong government has neither invested in nor offered “additional policy benefits or financial support” to any family offices, a spokesperson has said, after news that a Dubai sheikh p...
By Beiyi Seow US Treasury chief Janet Yellen warned during a visit to China on Friday that Beijing’s subsidies for industry could pose a risk to global economic resilience. Yellen arrived in th...
Trading in debt-ridden Chinese property developer Country Garden was suspended in Hong Kong on Tuesday, days after it postponed the release of its 2023 results. The firm is among a number of Chin...
Industry representatives have said that local businesses saw a drop in trade over the long Easter weekend, as Hongkongers made almost 1.76 million outbound trips – four times the number of inbo...
China said Thursday it would lift punitive tariffs on Australian wine, as trade ties improve between the two countries after years of tension, with Canberra soon afterwards announcing it would dr...
Hong Kong will consult the taxi industry as to whether surveillance and dash cameras will be made mandatory in their vehicles. Secretary for Transport and Logistics Lam Sai-hung was responding in...
https://hongkongfp.com/2024/03/27/hong-kong-mulls-compulsory-surveillance-and-dash-cameras-in-taxis/
Chinese President Xi Jinping met Wednesday with representatives of US businesses, state media reported, as Beijing seeks to woo foreign investment and reassure American firms in the face of a slo...
https://hongkongfp.com/2024/03/27/chinas-xi-jinping-meets-us-business-representatives-in-beijing/
Hong Kong MTR fares will increase by about 3 per cent in June, the city’s railway operator has announced. The MTR Corporation (MTRC) – Hong Kong’s only train services provider – announc...
Nineteen firms from mainland China and the US have signed an agreement to set up offices or expand in Hong Kong as part of a government drive to draw international innovation and technology (I&T)...
Hong Kong’s flagship carrier Cathay Pacific lacked the experience and digital capability to predict a manpower shortage, the Civil Aviation Department has found, after the flagship carrier canc...
Canada is conducting a national security review of Chinese-owned TikTok’s proposed expansion of the popular video app in this country, Industry Minister Francois-Philippe Champagne said Friday....
By Alex Pigman The US House of Representatives overwhelmingly approved a bill on Wednesday that would force TikTok to divest from its Chinese owner or be banned from the United States. The legisl...
By Holmes Chan Hong Kong carrier Cathay Pacific on Wednesday reported its first annual net profit in four years, citing a surge in demand as it emerges from the impact of the financial hub’s Co...
Moody’s has downgraded one of China’s largest housing developers’ credit rating, as woes in the country’s property sector show no sign of abating. China’s real estate market is grapplin...
By Jing Xuan Teng Chinese consumer prices rose in February for the first time since August, data showed Saturday, bucking a months-long stretch of deflation that compounded the country’s myriad...
By Jing Xuan Teng China’s leaders on Monday wrapped up a week-long key conclave at which they admitted more was needed to revive a sluggish economy battered by an ailing housing market, poor do...
By Xinqi Su and Holmes Chan As Hong Kong fast-tracks a new national security law, the legislation and questions about its implementation have raised fears among the business community. The draft ...
The Hong Kong government has announced it will cut funding for major NGOs starting from 2025 amid two straight years of budget deficits over HK$100 billion. Labour and welfare chief Chris Sun tol...
Bonds issued by the government will not be used to cover recurrent costs, Secretary for Finance Paul Chan has said, after his predecessor warned that the consequences of doing so would be borne b...
Hong Kong will have to be prudent when selling land in the coming fiscal year, development minister Bernadette Linn has said, as the government announced eight residential sites, six of which wer...