The Hong Kong-listed shares of property developer China Vanke plunged more than 8% on Friday after state media reported that authorities had detained its chief executive. A Shenzhen government task force has stepped in to oversee operations at the state-backed developer,
Hong Kong democrat Jimmy Lai on Thursday told a court trying him for colluding with foreign powers that he paid a former U.S. general to advise former Taiwan president Tsai Ing-wen in late 2017, but denied seeking to endanger China's national security.
Former U.S. Vice President Mike Pence is due to attend a high-profile business conference on Thursday where he is expected to discuss the U.S. elections and its implications globally, days before the swearing in of U.
Constable Ko Chun-chung suspected of attempting to take colleague’s handgun after being arrested for allegedly taking upskirt photos.
"Since June 2020, at least 200 opposition politicians, activists, and protesters have been taken into custody on politically motivated NSL charges," said President Joe Biden.
The registrations of local and non-Hong Kong companies in the city reached all-time highs in 2024. While the Companies Registry said on Friday that it had made the process easier, a lawmaker attributed the increase to the government’s recent aggressive efforts in attracting overseas companies.
Hong Kong’s government is exploring options to raise taxes on the city’s highest earners for a second straight year to plug shortfalls in its budget, according to people familiar with the matter.
Hong Kong billionaire Michael Kadoorie has approached investors to raise at least $50 million (HK$389 million) to fund efforts to boost the city’s image, according to people familiar with the matter.
Hong Kong International Airport is seeking investors to fund the majority of a HK$100 billion ($12.8 billion) expansion, which includes two marinas, as one of the world’s busiest transit hubs looks to boost visitation.
Before the pandemic, there was a prevailing sentiment that if you didn’t show up in Hong Kong, you hadn’t truly shown up in Asia. Hong Kong was widely regarded as the gateway to the region—the place to establish a base before branching out. At the time, discussions about “Asia” often meant focusing on China, then in the throes of an economic boom.
Hong Kong Film Council launches Film Production Financing Scheme 2.0 to boost local filmmaking and encourage investment.
Hong Kong moviegoers continued to prove their willingness to turn out for local productions in 2024, pushing Anselm Chan’s funeral drama The Last Dance to become the most successful local film of all time at the Hong Kong box office with over $18 milion.