Monday , November 12 2018
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Hong Kong

Bosch equips Hong Kong-Zhuhai-Macao Bridge with customized security solutions


Shanghai – The Hong Kong-Zhuhai-Macao Bridge relies on customized security solutions from Bosch to ensure safe operations. The world’s largest sea-crossing bridge was opened by Chinese officials late October 2018. Spanning 55 kilometers in length, the Hong Kong-Zhuhai-Macao Bridge directly connects Hong Kong to Macao and then to the Chinese city of Zhuhai for the first time. At a total ... Read More »

Li Ka-shing’s CK Asset swoops on UK developer CapCo’s troubled London luxury housing project

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Hong kong : CK Asset Holdings is in preliminary talks to buy most of Capital & Counties Properties’ Earls Court project, a sign of investors’ faith in the long-term prospects of London’s luxury-housing market. The Hong Kong company founded by billionaire Li Ka-shing wants to buy about 90 per cent of the West London site, CapCo said on Monday, confirming ... Read More »

Hong Kong climbs to No 4 on World Bank’s list of easiest places to do business

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Hong Kong rose one place to fourth in the World Bank’s latest ranking of the easiest places to do business, while mainland China shot up 32 places to 46th. For three years in a row, New Zealand topped the international financial body’s Doing Business Report, released on Wednesday, followed by Singapore and Denmark. Taiwan rose two places from 15th to ... Read More »

China: Dujiangyan kiwi fruit directly supplied to Hong Kong

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Hong kong : The initial shipment of 2000 kg of kiwi fruit left the warehouse in Dujiangyan, Chengdu, last Saturday [27-10-2018] and was transported on trucks through Shenzhen port to Hong Kong. The kiwi fruit passed through customs and quarantine inspection in Chengdu, before trucks drove straight from Chengdu to Hong Kong in a first ‘direct delivery’ that officially opened ... Read More »

Vietnamese firms display fashion products at Hong Kong fair


HONG KONG : Thirty-five leading manufacturers of handicrafts, garments, textiles, and fashion accessories and garment-related industries in Việt Nam are displaying their products at an international fair in Hong Kong that opened on Saturday. Global Sources Fashion, Hong Kong’s largest fashion sourcing event, also showcases footwear, fabrics and underwear. The event features verified suppliers from major fashion manufacturing hubs such ... Read More »

Things to know about opening a business in Hong Kong


Hong Kong is one of the top business-friendly countries in the world, especially since the handover of 1997 where the government started to push for a more flexible and liberal market. It is now the perfect platform in Asia that offers a dynamic environment that can help your business flourish. With the freedom from property rights and government controls, companies ... Read More »

Hong Kong customs officers seize HK$2.6 million worth of contraband hookah tobacco in shipment from Jordan


Hong kong : About 6.6 tonnes of suspected untaxed hookah tobacco was found hidden in a shipping container arriving from Jordan, Hong Kong Customs said on Wednesday. The haul had an estimated street value of HK$2.6 million (US$331,663) and a duty potential of about HK$15 million, according to the Customs and Excise Department. “Through risk assessment, customs officers inspected a ... Read More »

US-China trade war saps confidence among Hong Kong businesses


Hong kong : The trade war between the United States and China is beginning to weigh on business sentiment among small to medium-sized employers, with overall confidence for the fourth quarter at its lowest level since the beginning of last year, according to a new survey. Sentiment for the final three months of the year dropped 6.7 points to 43.0 ... Read More »

World’s longest sea bridge between China-Hong Kong to open on October 24

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Hong kong:The world’s longest sea bridge Hong Kong-Zhuhai-Macao Bridge will be thrown open for traffic on October 24, the authorities said on October 20. The 55-kilometer-long bridge, situated in the Lingdingyang waters of the Pearl River Estuary, will be the world’s longest sea bridge, state-run Xinhua news agency reported. The construction of the multibillion-dollar bridge had begun in December 2009. ... Read More »

FinovateAsia returning to Hong Kong on October 29-30


Hong kong : Fintech industry conference Finovate is returning to Hong Kong later this month for the third annual FinovateAsia. The two day event will kick off Hong Kong Fintech Week 2018. The two-day FinovateAsia event will be held on October 29-30 at the Hong Kong Convention Centre. Representatives from the financial services industry, analyst firms and the public sector ... Read More »

Hong Kong court told seized SAF Terrexes were listed as civilian vehicles 1 of 2


The nine Singapore Armed Forces (SAF) armoured vehicles worth HK$136.6 million (S$24 million) that were seized in Hong Kong were labelled as civilian vehicles and did not have the required licence, a district court in Hong Kong has heard. Hong Kong Customs officers discovered the nine Terrex troop carriers in the city in 2016, the prosecution told the court on ... Read More »

Sierra Leone cancels $300 million airport deal with China


Hong Kong :Sierra Leone has nixed plans to build a controversial, $318 million airport outside the capital of Freetown with a Chinese company and funded by Chinese loans. The mega project, which was due to be completed in 2022, had been commissioned by the previous president Ernest Bai Koroma in March this year. Its cancellation comes amid cooling enthusiasm in ... Read More »

Hong Kong’s iconic Excelsior hotel to shut in March 2019 for redevelopment into offices

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The Excelsior, the iconic waterfront hotel built on the very first plot of land sold during the British colonial era, will shut at the end of March next year for redevelopment into an office tower, according to its owner. Mandarin Oriental International will demolish the four-star hotel and build a commercial building on the site, which will take about six ... Read More »

Biotech Companies Offer New Investment Opportunities in Hong Kong


Hong kong:New listing rules for the Hong Kong Exchange is opening the door to a wave of global biotech companies bringing new investment opportunities to the region. While investing in these early stage companies with little to no revenue and possibly years from launching products may seem intimidating, for aggressive investors, biotech companies with promising pipelines offer a potential for ... Read More »

Are Hong Kong businesses leaving Vietnam to avoid US-China trade war?


Jonathan K.S. Choi, chair of Sunwah Group and VinaCapital Vietnam said at In Style Hong Kong – 2018 organized by the Hong Kong Trade Development Council several days ago that Vietnam is a large market where Hong Kong businesses can invest and sell products. He said Vietnam has great advantages in farm produce, which China now buys in great quantities. ... Read More »

Saunas and karaoke: Business customs from across the globe


“Brits are renowned for taking work very seriously,” CEO Chris Meredith has said. “We have one of the longest working weeks and spend on average around 81,000 hours or the equivalent of a full nine years of our lives at work. “But this almost pales in comparison to some other countries, who have strict business protocols that should always ... Read More »

Customs catches smugglers with rare animals


Hong kong:Customs officials in Xiamen, East China’s Fujian Province, caught two men smuggling sugar gliders from Taipei on September 11, reported on Tuesday. The officers noticed that two passengers with light luggage appeared to be nervous. With thicker calves, they had difficulty in moving. An inspection found that the two had tied body-colored stockings to their legs which were ... Read More »

Sri Lanka is building a $15 billion metropolis to rival cities like Hong Kong & Dubai

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Sri Lanka’s $1.4 billion ( R20 billion) Port City development has elicited parallels to a number of major urban centre. At 269 hectares, the project is about the same size as central London, but its design resembles cities like Hong Kong, Singapore, and Dubai. A decade ago, the idea of a Sri Lankan city that rivalled the world’s leading financial ... Read More »

Disbelief in Hong Kong at ‘Chinese influence’ claim from Australian MPs

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Beijing: The prospect of Hong Kong companies being barred from investing in Australian infrastructure because of a fear of “Chinese influence” has stunned the Australian business community in the former British colony. A consortium of publicly-listed companies controlled by Hong Kong’s richest man, Li Ka-shing, have made a $13 billion bid for the gas pipeline company APA Group. But the ... Read More »

Hong Kong: Stocks extend gains at open

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HONG KONG:Hong Kong stocks on Friday built on the previous day’s surge, tracking a positive lead from Wall Street on hopes for China-US trade talks while news of a slowdown in US inflation lowered expectations for interest rate tightening. The Hang Seng Index added 0.80 per cent, or 215.30 points, to 27,229.79 in early trade. The benchmark Shanghai Composite Index ... Read More »