Hong Kong food delivery rider John Lam* cannot afford to make a single mistake while working. The 40-year-old takes extreme care while delivering orders on his motorcycle, knowing that if he has a work-related accident he will receive few employment benefits and minimal compensation. “I understand that being highly responsive to my phone can lead
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is a faculty member at Yale, formerly chair of Morgan Stanley Asia, and is the author of ‘Accidental Conflict: America, China, and the Clash of False Narratives’ Controversy swirls over the future of
An electronic screen and ticker at the Exchange Square Complex, which houses the Hong Kong Stock Exchange, on Feb. 26, 2025. With international funds returning to Hong Kong IPOs, Chinese condiment and sauce giant Haitian Flavouring & Food Co. launched its HK$10 billion ($1.27 billion) H-share offering Wednesday — marking another major “A-share first, H-share
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Hong Kong is warning its citizens to not download or play Reversed Front: Bonfire, a Taiwan-made video game police accuse of promoting “secessionist agendas.” It’s likely the first time Hong Kong has used a national security law implemented in 2020 to block users from a video game, according to Bloomberg. Anyone who has the game
Customs officials are working with the University of Hong Kong to develop a tool that can trace cryptocurrency transactions, with the authority stressing it had recorded seven suspected money laundering cases involving virtual assets and more than HK$9 billion (US$1.1 billion) in recent years. Mario Wong Ho-yin, assistant commissioner for intelligence and investigation at the
He Xiaopeng, co-founder and CEO of the Guangzhou-based carmaker, said in Hong Kong on Thursday that testing of its Xpeng Navigation Guided Pilot (X NGP) driver-assistance system in the city would take only two months before sales could begin. However, he added that testing could start only after regulators gave Xpeng the green light to
Chinese technology company Ant Group is seeking cryptocurrency stablecoin licenses in Hong Kong and Singapore. Confident Investing Starts Here: Ant Group is led by Chinese entrepreneur Jack Ma and is the company behind the Alipay payments app. The company will apply for a stablecoin issuer license once the regulatory regime comes into effect this August,
WeChat Pay Hong Kong has recorded a fourfold increase in mainland Chinese tourist payments for taxi services in the city from last year and growing usage among locals and visitors alike, according to parent company Tencent. Vice-president of Tencent Financial Technology Daniel Hong Danyi said on Thursday that the number of transactions from mainland tourists
Hongkongers may have to pay more to use the Aberdeen Tunnel and the Shing Mun Tunnels under a government proposal to raise tolls from HK$5 (64 US cents) to HK$8 to help recoup some of their hefty annual losses, the Post has learned. The tunnels’ current flat fee of HK$5 for all vehicles has remained
It seems like some cinema hall is closing down somewhere in Hong Kong every other week. Good. I’m surprised there are still so many cinemas around in this day and age when streaming services have changed the game to the extent of rendering the old model of movie-watching almost obsolete. I don’t go to the
Beijing’s national security authorities in Hong Kong launched a joint operation with local counterparts on Thursday over a case of suspected collusion with foreign forces. The investigation is believed to be the first publicly known joint operation by Beijing’s national security arm in the city and the local police force. According to authorities, six people
HONG KONG, June 12, 2025 /PRNewswire/ — The 2025 International Automotive & Supply Chain Expo (Hong Kong) (“Hong Kong Auto Expo” or the “Expo”) kicked off today at AsiaWorld-Expo in Hong Kong. As the chief strategic automotive media partner of the event, Autohome Inc. (NYSE: ATHM; HKEX: 2518) (“Autohome” or the “Company”) provided comprehensive coverage
What’s going on here? New World Development is putting off coupon payments on four series of perpetual bonds, stirring the waters in Hong Kong’s real estate market. What does this mean? The move to defer these payments by New World Development comes when Hong Kong’s property market is already dealing with oversupply. Just last month,
Stocks in China and Hong Kong traded lower on Thursday, led by declines in the tech sector, as markets struggled to sustain the positive momentum from the Sino-U.S. trade talks that lacked concrete details. China’s blue-chip CSI 300 Index closed about 0.1% lower after wavering through the day, slipping from the three-week high touched on
Creative food pairings in friendly community environs may be the way to introduce smaller, more obscure wineries to Hong Kong’s on-trade, argues Rebecca Lo. Hong Kong is known as a test market for good reason. Its East meets West reputation means that global start-ups eyeing China — or Chinese entrepreneurs with global ambitions — both
Hong Kong tobacco and media tycoon Charles Ho Tsu-kwok, formerly the chairman of the Sing Tao News Corporation, has died at the age of 75. He revealed in February that he had been diagnosed with lung cancer last year. Two sources confirmed his death on Thursday, but it was unclear when he died. Ho previously
Hong Kong will introduce electronic driving licences in mid-September following the passage of a bill by the legislature, but lawmakers have questioned the need to spend HK$12.5 million (US$1.59 million) to fund a related mobile application. Some legislators also urged authorities to take a flexible approach to enforcement, especially in cases in which drivers had
Fintech firm Ant International, the global affiliate of Chinese tech giant Ant Group, said it would apply for a stablecoin issuer licence in Hong Kong once the new ordinance governing fiat-backed cryptocurrencies comes into effect in August. “We welcome the passage of the Stablecoins Bill … and hope to contribute more to the city’s vision
Hong Kong Airlines is set to cancel flights to Kagoshima and Kumamoto in Japan in July and August, citing sluggish demand for tourism in the country, while flight schedules between the city and Nagoya will also be adjusted. The carrier announced the flight adjustments on Thursday amid growing concerns about a long-feared megaquake predicted to
