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BUSINESSAug 24Fast - fashion giant Shein aims for $27bn valuation in Hong Kong market debutFast-fashion company Shein is reportedly targeting a $27 billion valuation for its debut on the Hong Kong market. This indicates a major financial move by a prominent global retailer.theguardian.com · United Kingdom
POLITICSAug 24Half of Hong Kong’s public bodies omit emissions data, green group findsHalf of Hong Kong’s government departments and public bodies have not disclosed their greenhouse gas emissions data and some calculations have been based on outdated information, a green group has found. The findings from The Green Earth have prompted calls for stronger carbon reporting and the setting of reduction targets across the public sector to align with the city’s goal of achieving carbon neutrality before 2050. The non-profit group’s study of 82 public entities found that while 41...South China Morning Post
BUSINESSAug 24Shein plans to raise $1.8bn in Hong Kong IPOMarket capitalisation is nearly three quarters below its peak after fast-fashion retailer’s attempts to list in New York and London failedFinancial Times
POLITICSAug 24Record non-DSE admissions to Hong Kong’s universities spark calls for quotasHong Kong public universities have admitted a record number of students applying outside the local exam system, with the intake surging by 63 per cent over seven years to account for nearly 30 per cent of the 15,000 government-funded places, the South China Morning Post has found. Meanwhile, the intake of home-grown students taking the Diploma of Secondary Education (DSE) exam has dropped by 7 per cent, causing its proportion to fall from 82 per cent to 72 per cent, sparking calls for a cap on...South China Morning Post
DISASTERAug 23Elderly man hospitalised, 2 others hurt after escalator fall at Hong Kong mallA 76-year-old man has been sent to hospital after falling on an escalator at a Hong Kong shopping centre, while two other elderly people sustained minor injuries, according to police. The force received a report at 4.19pm on Sunday that three people had fallen on an escalator in phase one of Shek Lei Shopping Centre, leaving the man trapped. He sustained injuries to his arms and legs and was taken to Princess Margaret Hospital. Photos circulating online show fire services personnel and...South China Morning Post
POLITICSAug 23Hong Kong convicts two pro - democracy activists of inciting subversionTwo pro-democracy activists in Hong Kong have been found guilty of inciting subversion. This conviction highlights ongoing legal actions against political dissent in the region.mainemirror.com · United States
POLITICSAug 23Hong Kong convicts two pro - democracy activists of inciting subversionTwo pro-democracy activists in Hong Kong have been convicted of inciting subversion. This marks a significant legal outcome concerning political dissent in the region.taiwansun.com · China
POLITICSAug 23Hong Kong convicts two pro - democracy activists of inciting subversionTwo pro-democracy activists in Hong Kong have been convicted of inciting subversion. This reflects ongoing legal actions against political dissent in the region.nigeriasun.com · Nigeria
POLITICSAug 23Hong Kong convicts two pro - democracy activists of inciting subversionTwo pro-democracy activists in Hong Kong have been convicted of inciting subversion. This concerns judicial actions related to political dissent and human rights.israelherald.com · Israel
BUSINESSAug 23AI - related IPOs raise nearly 100 bln HKD in Hong Kong in 6 months : HKSAR financial chiefAccording to Hong Kong's financial chief, AI-related Initial Public Offerings have generated approximately 100 billion HKD in Hong Kong over a six-month period. This highlights significant investment and growth in the artificial intelligence sector within the region.hongkongherald.com · China
POLITICSAug 23Hong Kong convicts two pro - democracy activists of inciting subversionTwo pro-democracy activists in Hong Kong have been convicted of inciting subversion. This event signifies ongoing legal actions against political dissent in the region.utahindependent.com · United States
POLITICSAug 23Hong Kong convicts two pro - democracy activists of inciting subversionneworleanssun.com · United States
POLITICSAug 23Hong Kong convicts two pro - democracy activists of inciting subversionTwo pro-democracy activists in Hong Kong have been convicted of inciting subversion. This event signifies ongoing legal actions against political dissent in the region.bostonstar.com · United States
BUSINESSAug 23‘Huge influx’: expat retirees projected to drive Hong Kong’s premium home demandHong Kong is tipped to see more luxury home sales with expatriates increasingly choosing the city as their retirement base, drawn to its low-tax environment as well as business opportunities, according to analysts. “A huge influx of expats who used to live in Hong Kong are moving back with a long-term view to retirement,” said Victoria Allan, founder and CEO of Habitat Property. “Many expats who previously would have left to retire are staying and purchasing [property] for the first...South China Morning Post
POLITICSAug 23Hong Kong convicts two pro - democracy activistsTwo pro-democracy activists in Hong Kong have been convicted, reflecting ongoing political developments concerning activism and governance in the region. This event highlights challenges to democratic movements.bignewsnetwork.com · United States
BUSINESSAug 23Chinese, Southeast Asian ride-hailing firms eye Hong Kong amid licensing roll-outMore ride-hailing platform operators from mainland China and Southeast Asia have approached the Hong Kong government about entering the city’s market ahead of the launch of licensed operations, the transport minister has revealed. Secretary for Transport and Logistics Mable Chan also said on Sunday that more than 7,500 people had applied for the new combined taxi and ride-hailing vehicle written test, calling the number a “very good and positive” sign. “We hope there will be more competition and...South China Morning Post
SCI & TECHAug 23Major tech firms to help upskill Hong Kong workers under ‘AI for All’: Paul ChanHong Kong will partner with major tech firms to launch an AI training programme for the working population in November, the city’s finance chief has said. In his Sunday blog, Financial Secretary Paul Chan Mo-po said the HK$50 million (US$6.4 million) “AI for All” inclusive programme announced in February would feature more than 200 activities and was expected to benefit 50,000 people within two years. “The development and application of frontier technology will pose challenges to the job market....South China Morning Post
BUSINESSAug 23Licence to savour: Hong Kong craft brewers push for on-site beer permitsWhen a 100-strong South Korean tour group approached a Hong Kong craft beer manufacturer for a tour and tasting session, the operator declined their request. The refusal was not down to a lack of confidence in the product or a staff shortage. It was regulatory: the brewery simply lacked a licence to serve its beer on the premises. “It is not easy doing manufacturing in Hong Kong,” said Luke Yardley, founder of local craft beer brewery Yardley Brothers. “It is just a missed opportunity when in...South China Morning Post
DISASTERAug 23Patient arrested after bedding, restraint belts set ablaze at Hong Kong hospitalA patient has been arrested on suspicion of setting fire to bedding and restraint belts at a Hong Kong hospital, with no injuries reported. Police arrested the 25-year-old man surnamed Wong at Kwong Wah Hospital in Yau Ma Tei for alleged arson. He remained in custody pending further investigation. The fire was reported at 12.36am on Sunday after a security guard alerted police. The suspect allegedly set fire to mattresses and restraint belts at the hospital. After a preliminary investigation,...South China Morning Post
DISASTERAug 23Hong Kong may issue typhoon signal on Tuesday or Wednesday as Narra approachesThe Hong Kong Observatory may issue a typhoon signal on Tuesday or Wednesday as a tropical storm edges closer to the region. “Tropical Cyclone Narra is expected to linger over the vicinity of Beibu Wan today and tomorrow, and then turn northeastwards gradually later on Monday to Tuesday, edging closer to the vicinity of Leizhou Peninsula,” the forecaster said on Sunday. Leizhou Peninsula sits at the far southwestern tip of Guangdong province, located at 400km (248.5 miles) west-southwest of Hong...South China Morning Post
POLITICSAug 23Hong Kong rules out Wang Fuk Court buy-back extension as 100 owners hesitateAbout 100 homeowners, or 5 per cent, at fire-ravaged Wang Fuk Court in Hong Kong have yet to accept the government’s buy-back offer with a week left before the deadline, Deputy Financial Secretary Michael Wong Wai-lun has said, stressing that the acquisition scheme will not be extended. “The deadline is a very serious timeline … it will not be extended, nor will better terms and a higher acquisition price suddenly be offered … I hope [the homeowners] will understand and take the appropriate...South China Morning Post
BUSINESSAug 23Hong Kong can open a lucrative new frontier as Chinese tech IP hubSince 2021, Hong Kong’s development as a regional intellectual property (IP) trading centre has featured in China’s five-year plans and the policy addresses of chief executives Carrie Lam Cheng Yuet-ngor and John Lee Ka-chiu. There are good strategic reasons to see considerable potential in developing the city as an IP servicing centre for the Greater Bay Area, and potentially the whole of China and wider Asia-Pacific region. Hong Kong has several natural advantages. Major international IP...South China Morning Post
BUSINESSAug 23How Opatra’s ‘coercive’ tactics in Hong Kong echo global ‘Dead Sea sales scams’Allegedly aggressive sales tactics and business operations in Hong Kong’s beauty product sector closely mirror the global “Dead Sea sales scams” uncovered years ago, documents on WikiLeaks have shown. The controversy has prompted calls from experts for the city’s government to strengthen regulation by expanding proposed cooling-off period legislation to cover retail beauty goods. A check of the whistle-blower website WikiLeaks by the South China Morning Post found that shops and kiosks selling...South China Morning Post
POLITICSAug 22Hong Kong must abandon superiority complex over mainland ChinaAfter many years in Hong Kong, with some sadness, I left the city for greener pastures, though my link with it remains an emotional one. When I moved my two dogs across the border to Shenzhen, I was told by agents, officials, even artificial intelligence, that the mainland bureaucracy would be rigid and unhelpful. My experience was the opposite. The young customs officers at Shenzhen Bay answered my phone calls, gave candid advice and treated my situation – a single parent relocating with a...South China Morning Post
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