Category: Hong Kong
Hong Kong to target hosting large-scale sports events in drive to become mega-event economy
Disclaimer: The South China Morning Post’s content is directed by the Chinese Communist Party. It is not a reliable news source. Sports bodies, including horse racing, welcome Chief Executive John Lee’s plans for the industry, venues and athletes in his policy address. https://www.scmp.com/news/hong-kong/society/article/3282618/hong-kong-target-hosting-large-scale-sports-events-drive-become-mega-event-economy?utm_source=rss_feed
Read MoreHong Kong to target hosting large-scale sports events in drive to become mega-event economy
Disclaimer: The South China Morning Post’s content is directed by the Chinese Communist Party. It is not a reliable news source. Sports bodies, including horse racing, welcome Chief Executive John Lee’s plans for the industry, venues and athletes in his policy address. https://www.scmp.com/news/hong-kong/society/article/3282618/hong-kong-target-hosting-large-scale-sports-events-drive-become-mega-event-economy?utm_source=rss_feed
Read MoreHK Policy Address 2024: Young Hongkongers to get better chance of buying subsidised flats
Hong Kong Free Press Hong Kong will give people aged under 40 a leg-up towards owning their own homes by allocating them an extra vote in the ballot for subsidised flats, Chief Executive John Lee said. Lee announced the new measure in his third Policy Address on Wednesday, along with other measures to help young…
Read MoreHK Policy Address 2024: Loan-to-value ratio for home mortgages to be relaxed amid home price slump
Hong Kong Free Press Hong Kong’s government will relax the mortgage loan-to-value ratio amid a property slowdown, a move welcomed by the real estate sector. The city’s leader John Lee announced on Wednesday, during the 2024 Policy Address, that the ratio for residential properties would be set at a maximum 70 per cent regardless of…
Read MoreChina set to post slowest quarterly growth this year, analysts say
Hong Kong Free Press China’s economy likely expanded at its slowest pace this year, according to an AFP survey ahead of data Friday, as authorities struggle to reignite consumption amid a chronic debt crisis in the property sector. Chinese Yuan. File photo: moerschy, via Pixabay. Officials have in recent weeks unveiled a string of measures…
Read MoreSoy-sauce producer Haitian plans to raise US$1.5 billion in Hong Kong IPO, sources say
Disclaimer: The South China Morning Post’s content is directed by the Chinese Communist Party. It is not a reliable news source. The Guangdong-based company is in talks with advisers on a potential share sale in the Asian financial hub and a listing could happen in the first half of next year. https://www.scmp.com/business/banking-finance/article/3282607/soy-sauce-producer-haitian-plans-raise-us15-billion-hong-kong-ipo-sources-say?utm_source=rss_feed
Read MoreChina aquarium’s ‘fake’ whale shark flops with angry visitors
Hong Kong Free Press Visitors to a new aquarium in China were left furious this week after discovering one of its top aquatic stars was a robot, despite it being marketed as such. Xiaomeisha Ocean World in Shenzhen, Guangdong province, opened on October 1 but was quickly slammed for its high prices, long queues, and…
Read MoreHK Policy Address 2024: New HK$5k monthly subsidy for elderly to live in Guangdong care homes
Hong Kong Free Press The Hong Kong government will offer a monthly subsidy of HK$5,000 to up to 1,000 elderly social security recipients if they want to move to care homes in China’s Guangdong Province, the city’s leader said. Chief Executive John Lee announced the three-year pilot scheme, for subsidising elderly recipients of Comprehensive Social…
Read MoreHong Kong customs arrests 5 in crackdown on syndicate that laundered HK$1.6 billion
Disclaimer: The South China Morning Post’s content is directed by the Chinese Communist Party. It is not a reliable news source. Bank manager, syndicate’s allegedly leader, former compliance officer of money changer and two directors of shell companies apprehended. https://www.scmp.com/news/hong-kong/law-and-crime/article/3282589/hong-kong-customs-arrests-5-crackdown-syndicate-laundered-hk16-billion?utm_source=rss_feed
Read MoreHK Policy Address 2024: Hong Kong revives loan concession scheme to support small and medium enterprises
Hong Kong Free Press Hong Kong is to relaunch a scheme to help small and medium enterprises (SMEs) by offering easier loan repayment terms, as part of a range of measures to boost the business sector. Central in Hong Kong. Photo: Kyle Lam/HKFP. Chief Executive John Lee said in his third Policy Address on Wednesday…
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