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BUSINESS5h agoBars expect 50% jump in sales on final night of Hong Kong’s ‘Halloween Month’Hong Kong’s inaugural “Halloween Month” has been a boon for businesses, with bar and restaurant operators in Lan Kwai Fong expecting big sales on Saturday, but by 7.30pm police were urging revellers to celebrate elsewhere as the area was packed. With Halloween falling on a weekend this year, businesses were expecting a bumper turnout as the Tourism Board’s inaugural campaign for the celebrations wrapped up. Operators noted a surge in visitors from mainland Chinese cities in the Greater Bay...South China Morning Post
BUSINESS5h agoHong Kong may raise GDP forecast as growth poised for 5-year high: Paul ChanHong Kong’s economic growth this year could be the city’s strongest in five years, with potential for further upward revisions after the full-year forecast was previously raised to a range of 3.5 to 4.5 per cent, the finance chief has said. Financial Secretary Paul Chan Mo-po said on Saturday that the city’s economy grew by 5.1 per cent in the first half of the year, driven by strong export momentum and investment growth. “Although the third-quarter figures have not yet been released, I can...South China Morning Post
BUSINESS8h agoNew renovation body may offer bigger subsidies for ageing Hong Kong districtsHong Kong’s planned renovation monitoring body will consider larger subsidies for homeowners of ageing buildings in older districts or with high elderly populations who use its supervision services for major repairs, the finance chief has said. Financial Secretary Paul Chan Mo-po said on Saturday that the Building Maintenance Support and Services Council, set up to curb malpractice in the industry after the Tai Po fire report, would be non-profit but would have to recover its costs, since owners...South China Morning Post
BUSINESS12h agoScary deals? What makes Hong Kong shun death-linked homes while France embraces the riskEven as Hong Kong remains the world’s least affordable housing market, many buyers still shun heavily discounted homes linked to an “unnatural death”, such as murder or suicide, according to property agents. Prices for such properties could fall by as much as 50 per cent, while rents were typically about 20 per cent below market rates, they added. The aversion stands in stark contrast to parts of Europe, particularly in France, where buyers are often willing to purchase homes under a “vente en...South China Morning Post
BUSINESS14h agoBordeaux officials hail exclusive 5-year deal for Hong Kong to host VinexpoHaving a presence in Hong Kong and the rest of China is “very important” for Bordeaux, an official from the world-renowned French wine-producing region has said, even as consumption declines on the mainland. The comments by deputy mayor Fabien Robert came as Vinexpo, a premier international wine and spirits trade exhibition that began in Bordeaux, signed a deal for its Asian edition to be hosted solely by Hong Kong from 2027 to 2031. “To be in Hong Kong every year, I think it’s a message ......South China Morning Post
BUSINESS16h agoUK minister discusses tech collaboration in Greater Bay Area during Hong Kong visitUK Indo-Pacific minister Rosie Winterton has visited Hong Kong’s flagship tech hub to discuss plans to expand technological collaboration in the Greater Bay Area, while aiming to strengthen business, education and people-to-people partnerships with the city. During her visit, Winterton also raised concerns about the jailing of former media boss Jimmy Lai Chee-ying in talks with Cui Jianchun, Beijing’s top diplomat in the city, and local officials. “What we want to do is to strengthen those ties...South China Morning Post