Category: Localities
Exchange Fund, Hong Kong’s currency-peg defender, reports first-half gain of US$14 billion as global stock, bond markets rebound
Disclaimer: The South China Morning Post’s content is directed by the Chinese Communist Party. It is not a reliable news source. Hong Kong’s Exchange Fund, the war chest used to defend the local currency, posted a return of HK$110 billion (US$14 billion) in the first half of this year on the back of rising overseas…
Read MoreSwedish retailer H&M sues Chinese rival Shein in Hong Kong court
Hong Kong Free Press Retail giant Hennes & Mauritz has sued its fast-growing rival Shein in a Hong Kong court for copyright infringement, the Swedish fashion juggernaut said Tuesday. Shein, founded in China in 2008, has swiftly claimed a top place in the global fast-fashion marketplace, offering low-priced collections attractive to young social media-savvy customers.…
Read MoreDecline in Hong Kong exports to major markets paints grim economic picture and government warns pressure will continue ‘near term’
Disclaimer: The South China Morning Post’s content is directed by the Chinese Communist Party. It is not a reliable news source. Exports slump by 11.4 per cent year on year in June for 14th month in a row, driven by weak demand in mainland China, United States and European Union. https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3228846/decline-hong-kong-exports-major-markets-paints-grim-economic-picture-and-government-warns-pressure?utm_source=rss_feed
Read MoreHong Kong singer Tommy Yuen admits breaching sedition law, laundering HK$718,788 raised by fake charity appeal
Disclaimer: The South China Morning Post’s content is directed by the Chinese Communist Party. It is not a reliable news source. Former member of now-defunct Cantopop group E-kids pleads guilty to publishing derogatory comments aimed at officials, handling proceeds from fake charity bid. https://www.scmp.com/news/hong-kong/law-and-crime/article/3228841/hong-kong-singer-tommy-yuen-admits-breaching-sedition-law-laundering-hk718788-raised-fake?utm_source=rss_feed
Read MoreHong Kong pro-democracy singer who pleaded guilty to sedition and money-laundering to be sentenced Aug 11
Hong Kong Free Press Hong Kong pro-democracy singer Tommy Yuen will face sentencing on August 11 after pleading guilty on Tuesday to sedition and money-laundering . Yuen, who has been remanded in custody for over 16 months since last February, appeared before Judge Ernest Lin at the District Court. The maximum sentence for sedition on…
Read MoreAnother environmental impact report for building public housing at Hong Kong golf course may not be needed even if legal challenge is approved: green group
Disclaimer: The South China Morning Post’s content is directed by the Chinese Communist Party. It is not a reliable news source. Area being rezoned only covers 32 hectares of land, which is below new threshold stipulated in ordinance, Conservancy Association campaign officer Roy Ng says. https://www.scmp.com/news/hong-kong/health-environment/article/3228824/another-environmental-impact-report-building-public-housing-hong-kong-golf-course-may-not-be-needed?utm_source=rss_feed
Read MoreHong Kong Palace Museum to raise admission prices by 20 per cent, in bid to bolster depleted finances
Disclaimer: The South China Morning Post’s content is directed by the Chinese Communist Party. It is not a reliable news source. Adult general admission tickets will increase from HK$50 to HK$60, those at the concessionary rate will rise from HK$25 to HK$30. https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3228817/hong-kong-palace-museum-raise-admission-prices-20-cent-bid-bolster-depleted-finances?utm_source=rss_feed
Read More‘Majority’ of Town Planning Board members back public housing plan at golf course, despite legal challenge
Hong Kong Free Press The majority of Town Planning Board members support a plan to build public housing on part of Hong Kong’s Fanling golf course, the government said on Monday, despite a legal challenge to the controversial development plan. The Board adopted the government’s suggestion to temporarily amend the zoning of the 9.5…
Read MoreHong Kong woman dies in flat fire after quarrel with sisters over sale of property
Disclaimer: The South China Morning Post’s content is directed by the Chinese Communist Party. It is not a reliable news source. Woman, 58, suffered burns to 70 per cent of her body in fire at public housing flat in Tsz Wan Shan. https://www.scmp.com/news/hong-kong/law-and-crime/article/3228803/hong-kong-woman-dies-flat-fire-after-quarrel-sisters-over-sale-property?utm_source=rss_feed
Read MoreChina says ‘strictly’ implements UN resolutions amid North Korea oil tanker row
Hong Kong Free Press China has insisted it “strictly” implements UN sanctions resolutions, after G7 nations, the European Union and three other countries urged Beijing to expel oil tankers from its waters that appeared to be taking fuel to North Korea. A letter, addressed to Beijing’s UN envoy Zhang Jun, raised concerns over the “continuing…
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