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Hong Kong economyi

Breaking news and analysis on Hong Kong's economy and the companies that operate in the city, including its GDP, economic outlook, impact of the coronavirus outbreak, macroeconomic indicators, the local government finance and budget, retail sales, consumption, employment and monetary policy.

 

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HBGL, which operates Huobi HK, has withdrawn the licence application for unspecified reasons, requiring it to close the crypto exchange under the city’s virtual asset regulations.

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Readers discuss Hong Kong’s hosting of the Apec Business Advisory Council meeting, Citybus’ inclusive hiring practices, and the Malaysian government’s plan to give its employees a pay rise.

Hong Kong is missing out on an office investment boom in the Asia-Pacific region this year as a supply glut and high vacancy rates put investors off the segment, according to analysts.

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Hong Kong’s market regulator has warned the public to beware of a suspected investment scam in which fraudsters claim they are trying to raise the funds to relaunch one of the city’s iconic nightclubs.

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New visitors from eight mainland Chinese cities added to Individual Visit Scheme are high spenders and will be given HK$200 vouchers by Tourism Board, Chief Executive John Lee says.

City leader John Lee also says he has no memory of meeting Hong Kong public officer at centre of spying allegations in UK, as picture of pair at police ceremony in 2002 goes viral.

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Readers discuss the options to improve Hong Kong’s urban design, the benefits and challenges of a shorter work week, and US double standards when it comes to international rules.

Starwood Capital Group, one of the largest real estate investors worldwide, is part of a consortium of shareholders proposing to take Asian warehouse developer ESR Group private.

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The flagship developer of tycoon Li Ka-shing has slashed the price of some of the remaining flats at its project in the Northern Metropolis by almost a third compared with when it was first launched in 2021.

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Lawmaker Nixie Lam Lam says Malaysian officials shared that some of its Muslim citizens preferred Thailand over Hong Kong because of the convenience in eating out.

Central authorities have said residents from Taiyuan, Hohhot, Harbin, Lhasa, Lanzhou, Xining, Yinchuan and Urumqi can soon visit Hong Kong without joining tour groups.

Environmental group Greeners Action urges government to promote takeaway container borrowing services in community as further step to reduce plastic.

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Posts are appearing on social media platform Xiaohongshu with information on the event, even though ticketing details have yet to be announced officially.

Popular chain Bakehouse and long-time operator Kee Wah Bakery hope new rules will help them deliver made-in-Hong Kong goods to hungry consumers across the border.

Readers discuss the shared joy of motherhood, the inspiration that drives girls to fulfil their potential, and disappointment in one of Hong Kong’s most iconic tourist landmarks.

A mix of mainlanders and international visitors showed up at Bitcoin Asia amid surging interest owing to a crypto bull market and recently launched ETFs.