The Hang Seng Index sank 1.60 percent to 17,947.
The Shanghai Composite Index dipped 0.51 percent to 3,092, while the Shenzhen Composite Index on the mainland’s second exchange eased 0.49 percent to 1,911. (AFP)
Hong Kong and Macau residents can apply for temporary mainland Chinese travel permits using a mobile app from Thursday, with the policy one of two new measures announced by the country’s immigration authorities to allow for smoother travel. The Exit and Entry Administration said that residents from the two cities, alongside those from Taiwan, could
Ontario Teachers’ Pension Plan, the third-largest pension fund in Canada, is shutting down its Hong Kong office as it reduces its exposure to the region amid persistent political risks. “We have made the difficult decision to close our Hong Kong office and plan to wind down on-the-ground operations over the coming 18+ months,” the fund’s
03:55 CAIS students are encouraged to serve and lead as part of their holistic development CAIS students are encouraged to serve and lead as part of their holistic development Schools worldwide are increasingly adopting a holistic approach to education, which puts the focus on the “whole child”, rather than simply textbooks, examinations and academic achievements.
Jimmy Lo Kwok-tsim, a renowned Hong Kong lyricist who wrote theme songs and interludes for many popular television shows, has died at the age of 75. His daughter, Thalea Lo, confirmed the news in a Facebook post on Wednesday evening, saying the popular lyricist died in his sleep. “My father has passed away in his
Standard Chartered will invest heavily in artificial intelligence (AI) and hire more wealth managers in Hong Kong and other markets to achieve its goal of pulling in US$200 billion of net new money from affluent clients over the next five years, according to global CEO Bill Winters. The London-based bank has operations in more than
Hong Kong’s public hospitals aim to shorten waiting times in accident and emergency departments for the third most urgent group of patients following fee adjustments that will be announced in weeks. The Hospital Authority said it hoped to meet its service target of treating 90 per cent of urgent patients in A&E, currently triaged as
Hong Kong is an attractive regional hub for mainland Chinese artificial intelligence (AI) start-ups looking for a bridgehead to expand into overseas markets, according to company executives at a technology-themed event on Wednesday. CloudWalk Technology, a Guangzhou-based AI company that started in 2015 as a vendor of facial recognition software, was looking into establishing an
As scrutiny mounts over Hong Kong-based CK Hutchison’s sale of its Panama ports, experts say there is a patent lack of legal tools governing commercial transactions that authorities can use to stop the deal and they are highly sceptical the national security legislation will be invoked. But the conglomerate owned by tycoon Li Ka-shing’s family
Hong Kong is an attractive regional hub for mainland Chinese artificial intelligence (AI) start-ups looking for a bridgehead to expand into overseas markets, according to company executives at a technology-themed event on Wednesday. CloudWalk Technology, a Guangzhou-based AI company that started in 2015 as a vendor of facial recognition software, was looking into establishing an
By Chen Yu-fu and Jake Chung / Staff reporter, with staff writer A group of Hong Kongers living in Taiwan, known as the Hong Kong Outlanders, yesterday marked the first anniversary of the passage of Article 23 of the Hong Kong Basic Law by holding a news conference at the Legislative Yuan in Taipei in
The Hong Kong Monetary Authority (HKMA) maintained its base rate at 4.75 per cent on Thursday. Hours earlier, the Fed left its target rate in the 4.25 to 4.5 per cent range, following the second Federal Open Market Committee (FOMC) meeting of the year. The HKMA last cut the city’s base rate to 4.75 per
The Hong Kong Monetary Authority (HKMA) maintained its base rate at 4.75 per cent on Thursday. Hours earlier, the Fed left its target rate in the 4.25 to 4.5 per cent range, following the second Federal Open Market Committee (FOMC) meeting of the year. The HKMA last cut the city’s base rate to 4.75 per
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Hong Kong-based ferry operator Sun Ferry has taken delivery of Xin Ming Zhu 30, a new 35-meter diesel-electric catamaran. Courtesy of Incat Crowther The newbuild, constructed by Guangzhou-based shipbuilder AFAI Southern Shipyard, is the third unit to join a fleet of seven new vessels designed by Australian digital shipbuilder Incat Crowther for the mass transit
Hong Kong earned boss Ashley Westwood a record-breaking seventh consecutive victory, with a 2-0 win over Macau on Wednesday. Goals from Leon Jones and Raphael Merkies in the first half were enough to settle a largely uninspiring affair at Mong Kok Stadium. How much Westwood will have learned from the occasion is questionable, but there
The Hong Kong Jockey Club has partnered with China Travel Service (CTS) to offer tour packages which include visits to its racecourses in the city and on the mainland, targeting visitors from neighbouring Chinese cities to boost racing tourism. The club signed a memorandum of understanding with the travel agency on Wednesday to promote tourism
Hong Kong’s legislature has approved the city’s first bill targeted at cybersecurity for computer systems needed for critical infrastructure, with operators facing fines of up to HK$5 million (US$643,444) for failing to keep them up to date. The Legislative Council on Wednesday passed the Protection of Critical Infrastructure (Computer System) Bill amid a spate of
A Hong Kong court has acquitted a former chairman of Pok Oi Hospital who was linked to a London gold trading scam by holding a banking account that was allegedly used to launder more than HK$2.65 million (US$341,000). Deputy District Judge Jason Wan Siu-ming told defendant Sidney Siu Yim-kwan, 78, that the court believed he
The US government, despite opposition from all sides, has slapped tariffs indiscriminately on countries around the world. Citing China’s alleged failure to take sufficient measures to address the fentanyl issue, the United States announced an additional 20 per cent tariff on Chinese products exported to the US, including those from Hong Kong. It should be
Hong Kong and China Gas (Towngas) said a tourism rebound and incoming talent from the mainland would drive sales this year, as the city’s sole gas provider seeks new opportunities for growth. On Wednesday, the company said its full-year net income fell 8 per cent to HK$5.7 billion (US$733.6 million) from HK$6.1 billion a year
