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WORLDAug 19Hong Kong considering euthanising large dog after fatal attacks on 2 petsThe owner of a large dog that mauled two smaller pets to death in Yuen Long earlier this week has expressed “regret” over signing the animal to authorities and hopes to withdraw the surrender, according to the founder of a local animal rescue group. The new development followed a remark made by the Agriculture, Fisheries and Conservation Department (AFCD) on Wednesday that the dog might be euthanised if its owner chose to surrender it, or, alternatively, have it formally classified as a “known...South China Morning Post

BUSINESSAug 19Hong Kong Gold Exchange taps tech strength in joint venture to power gold settlementThe Hong Kong Gold Exchange (HKGX) and TGX Technology have launched a joint venture to build a “secure, stable and internationally competitive” gold trading and clearing platform, as the city pushes to become a gold trading hub. Hong Kong Gold Exchange Trading System (HKGXTS) would draw on technology partners, including Alibaba Cloud – which backs TGX Technology – and Hundsun Technologies, to deliver the platform, according to a statement issued on Tuesday. Alibaba owns the South China Morning...South China Morning Post

POLITICSAug 19Hong Kong needs a mission for 2049 to focus its 5-year plansHong Kong is formulating its first five-year plan for economic and social development. Such plans are likely to become a regular feature of governance, and will shape how the city allocates land, builds housing and infrastructure, develops industries, trains talent and improves public services. They can also give government departments a common frame for action, rather than leaving them to operate in separate silos. Yet successive five-year plans should do more than set medium-term priorities....South China Morning Post

BUSINESSAug 19Use of yuan hits 6-month high in Hong Kong’s fast-payment systemHong Kong’s fast-transfer payments denominated in yuan surged to a six-month high in July, signalling accelerating adoption of real-time cross-border retail payment channels even as mainland Chinese authorities maintain tight controls on capital outflows. Transaction values through Hong Kong’s Faster Payment System (FPS) for yuan reached 350.3 billion yuan (US$60 billion) in July, marking a 34 per cent increase from February, according to official data published by Hong Kong Interbank Clearing...South China Morning Post

BUSINESSAug 18After years, Macau firm opts out of Hong Kong renewal project, seeks US$153m for siteA North Point redevelopment site is being put on the market for HK$1.2 billion (US$153 million) after its owner, which spent years assembling the ageing property, warned that redeveloping it could result in losses of as much as 30 per cent. The sale offers a rare glimpse into the difficulties facing private developers in Hong Kong’s urban-renewal drive, where lengthy acquisition periods, financing costs and uncertain returns can undermine projects even as the residential market recovers. Cushman...South China Morning Post