Page 14 - Hong Kong

Hong Kong cuts property taxes, eases visa rules to attract global talent

Hong Kong Chief Executive John Lee unveiled a sweeping plan to woo talent back to the city and ease its housing woes, in a bid to revive its status as a thriving international finance hub

China's Xi talks up security, reiterates Covid stance as congress opens

Chinese President Xi Jinping also said that China must ensure Hong Kong is ruled by patriots and China will support Hong Kong in integrating with the mainland.

Hong Kong to implement UN sanctions on Russian-owned superyach, not US ones

Hong Kong's leader John Lee said Tuesday he will only implement United Nations sanctions, after the U.S. warned the territory's status as a financial center could be affected if it acts as a safe haven for sanctioned individuals. Lee's statement Tuesday came days after a luxury yacht connected to Russian tycoon Alexey Mordashov docked in the city. Mordashov, who is believed to have close ties to Russian President Vladimir Putin, was sanctioned by the U.S., U.K. and the European Union in February after Russia's invasion of Ukraine. Hong Kong authorities have said that they do not implement unilateral sanctions imposed by other governments. We cannot do anything that has no legal basis, Lee told reporters. We will comply with United Nations sanctions, that is our system, that is our rule of law, he said. A U.S. State Department spokesperson said in a statement Monday that the possible use of Hong Kong as a safe haven by individuals evading sanctions from multiple jurisdictions furthe

HSBC says exploring sale of Canadian operations for latest disposal

A potential sale of HSBC's 100% equity stake in HSBC Bank Canada is among the options being explored, the lender said in a statement.

China property stocks, bonds rally post report of $85 bn support from banks

CIFI Holdings Group Co., KWG Group Holdings Ltd. and Agile Group Holdings Ltd. were the top gainers in Hong Kong, up more than 10% each.

China's shares plunge to lowest valuation on record in Hong Kong

All but three stocks are down this year on the 50-member gauge, with property developers and tech companies at the bottom.

China EV maker Leapmotor set to raise $800 mn in Hong Kong IPO: Report

While that is less than the $1.03 bn the EV maker had said it was aiming to raise in its regulatory filings last week, the IPO would still be Hong Kong's largest this year

Hong Kong homes on the verge of becoming least affordable in 24 years

Hong Kong housing is at risk of becoming the least affordable in 24 years, as rate hikes by the US Federal Reserve drive up borrowing costs in the Asian financial hub

Evergrande's Hong Kong headquarters worth $1 bn taken over by a receiver

The property was used as security for HK$7.6 billion ($968 million) in loans made by parties including Citic Bank International in 2020, separate documents at the Companies Registry website show

As population ages, hip fractures will double worldwide by 2050: Study

According to a new study led by experts at the University of Hong Kong, osteoporotic hip fracture, already a risky and crippling issue for elderly men and women globally, is poised to worsen.

Singapore unveils new work visas to lure talent in next-gen industries

"Singapore is still a global city," Prime Minister Lee Hsien Loong said in an address last month, in which he vowed to bolster the national workforce's skills

Pakistan beat Hong Kong to enter Super 4s; to face India again on Sunday

Pakistan set up a second showdown against arch-rivals India in as many weeks with a record 155-run win over Hong Kong in a must-win Asia Cup match here on Friday. Mohammad Rizwan had to work hard for his 78 off 57 balls as Pakistan got a much-needed final flourish to post 193 for two against Hong Kong. Hong Kong were simply blown away in the run-chase with Pakistani attack proving to be too good for them. Their innings folded up for just 38 in 10.4 overs, sending Pakistan into the Super 4s as the second placed team from Group A. It was Pakistan's biggest win in the shortest format. Pakistan will meet India, who topped Group A, on Sunday. Hong Kong had shown a bit of potential with the bat against India but they simply surrendered to the Pakistani attack. It was a procession after Naseem Shah struck twice in the third over of the innings. Then it was the turn of the spinners, Shadab Khan (4/8) and Mohammad Nawaz (3/5), to do the damage as they shared seven wickets. Shadab's googl

Pakistan vs Hong Kong, Asia Cup 2022: Live streaming, where to watch

Pak vs HK: Pakistan to face Hong Kong in a must-win game in the Asia Cup 2022. After India, Afghanistan and Sri Lanka's entry into the super fours, Pakistan would be the last team to enter the Super 4

Suryakumar Yadav sizzles in India's big win, team enters Asia Cup Super 4

India were not at their best but Suryakumar Yadav was, his 26-ball 68 paving the way for the defending champions' 40-run victory over Hong Kong and entry into the Super 4 of the Asia Cup here on Wednesday. Suryakumar's scintillating knock lifted a sedate India to 192 for two, the Mumbaikar easily overshadowing Virat Kohli's fluent half-century after Hong Kong opted to bowl first. Hong Kong were off to a good start with the bat, but the 193-run target proved to be too much for them, ending at 152 for five in the stipulated 20 overs. Suryakumar orchestrated the carnage while Kohli made an unbeaten 59 from 44 balls, his first international fifty in more than six months, as India amassed 78 runs in the final five overs. Arshdeep Singh (1/44) gave the breakthrough, while Ravindra Jadeja effected a direct hit to remove skipper Nizakat Khan and then dismissed their top-scorer Bahar Hayat (41) to derail their chase. Hong Kong's scoring rate dropped considerably after the powerplay, with j

Asia Cup IND vs HK Highlights: Surya-Kohli shine in India's easy 40 run win

Asia Cup 2022 India vs Hong Kong Highlights: India registers an easy 40-run win thanks to brilliant fifties from Suryakumar Yadav and Virat Kohli. Hong Kong on their part did well to go past 150

India vs Hong Kong, Asia Cup 2022: Time, venue and pitch report

India to play Hong Kong in the virtual quarterfinal of Asia Cup 2022. Rohit Sharma's army could be the second team to enter the super fours after Afghanistan. Read this article to know better

Hong Kong 'pivotal gateway' between China and the world, says John Lee

Hong Kong Chief Executive John Lee will meet with mainland officials, as pressure mounts on the finance hub to reopen both its international and Chinese borders

Asia Cup IND vs HKG preview: Hong Kong hope to impress against India

Asia Cup 2022 India vs Kong Kong preview: The Indian team would look to make it to the Super Four with a flawless win against minnows. Hong Kong have been unbeaten in their Asia Cup Qualifier campaign

Asia Cup 2022: Hong Kong qualifies for main round, joins India, Pakistan

Hong Kong qualified for the main Asia Cup event after defeating the United Arab Emirates (UAE) by eight wickets at the Al Amerat Cricket Stadium in Muscat. It will join India and Pakistan in Group A

Tropical Storm Ma-on makes landfall in southern China's Guangdong

Tropical Storm Ma-on made landfall in southern China's Guangdong province on Thursday after bringing rain and stiff winds to Hong Kong, where the stock market was closed for the morning session due to the storm. Residents of coastal areas around the city of Maoming were urged to stay away from the shore Thursday morning as the typhoon arrived at 10:30 a.m. (0230 GMT). The Guangdong Meteorological Public Service Center said Ma-on was packing sustained winds of 118 kilometers (73 miles) per hour and moving slowly northwest at about 25 kilometers (15 miles) per hour. Ma-on is expected to weaken as it moves inland toward the Guangxi region, Yunnan province and northern Vietnam. The Hong Kong government said that one person had been injured and reports of flooding and a fallen tree had been received. About 140 people had sought refuge in temporary shelters set up in the city, a government news release said. Schools were closed for at least the morning. On Thursday morning, the Hong Kon