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BUSINESSAug 12BTS bump? Hong Kong’s hotels set for bonanza from superstars’ Arirang world tourThe arrival of BTS’s world tour in Hong Kong next year is expected to be a sure-fire hit with the city’s hospitality sector, with hotels likely to see a similar surge in bookings to the one experienced in Seoul earlier this year when the South Korean pop superstars launched their comeback series of concerts, according to analysts. When BTS kicked off their Arirang world tour – their first since completing mandatory military training – in the South Korean capital in April, local hotels recorded a...South China Morning Post
BUSINESSAug 12How Hong Kong can unlock the real value of its Asean trade boomThe Association of Southeast Asian Nations has a role to play in Hong Kong’s plans for its economy. Chief Executive John Lee Ka-chiu signalled as much when he touched on the city’s first five-year plan in his August 7 meeting with Asean Secretary General Kao Kim Hourn. For businesses, however, the central question is not whether Hong Kong-Asean economic ties will continue to grow. They will. The harder question is who will capture the value that growth creates. Asean has been Hong Kong’s...South China Morning Post
WORLDAug 12Snooker star Jimmy White becomes Hong Kong resident through talent schemeSnooker star Jimmy White, known as “The Whirlwind”, has become a Hong Kong resident through an official talent scheme, and has revealed plans to establish a snooker academy in the city to nurture local talent. The Hong Kong Immigration Department announced on Wednesday that the English player recently obtained his identity card and took up residency through the Quality Migrant Admission Scheme, joining fellow stars Judd Trump and Ronnie O’Sullivan. Appearing in a video posted on the department’s...South China Morning Post
POLITICSAug 12Hong Kong student avoids jail for seditious graffiti in commercial complex toiletA Hong Kong student has been spared jail for seditious acts in breach of the domestic national security law, after a court ruled that his good background, young age and the limited impact of his offences constituted “exceptional circumstances”. Leung Kai-lok, 19, is potentially the first person to avoid a custodial sentence for violating the Safeguarding National Security Ordinance, although he was incarcerated for four weeks before sentencing. West Kowloon Court on Wednesday gave the defendant...South China Morning Post
WORLDAug 12Hong Kong authorities charge woman who allegedly kept 136 dogs without licencesHong Kong authorities have charged a woman on suspicion of keeping 136 dogs without valid licences at a shelter previously investigated for alleged animal cruelty, the South China Morning Post has learned. A spokesman for the Agriculture, Conservation and Fisheries Department (AFCD) said on Wednesday that the department commenced prosecution after conducting a raid in response to complaints about the shelter in Yuen Long district. “During the operation, a total of 136 dogs were suspected of...South China Morning Post
DISASTERAug 12Extreme heat grips Hong Kong as labour groups urge district-level indexHong Kong remained gripped by extreme heat on Wednesday with temperatures reaching 35 degrees Celsius (95 Fahrenheit) in parts of the city, prompting labour representatives to urge authorities to introduce a district-level index to better protect outdoor workers. The Very Hot Weather Warning and the Amber Heat Stress at Work Warning have been in effect since Wednesday morning, with parts of northern Hong Kong including Yuen Long and Ta Kwu Ling already surpassing 35 degrees before noon,...South China Morning Post
POLITICSAug 12Hong Kong is no longer a Western playground – and it’s not looking backWhen it comes to bad prognostication, no one can beat Fortune, which came up with the mother of all “Hong Kong is doomed” narratives. In June 1995, the magazine ran its infamous “The Death of Hong Kong” cover story, predicting its demise following the 1997 handover to China. Stephen Roach, veteran China watcher and former chairman of Morgan Stanley Asia, seems determined to follow in its footsteps. In 2024, Roach caused a stir by proclaiming “Hong Kong is over” in the Financial Times. He was...South China Morning Post
POLITICSAug 12Hong Kong’s five-year plan: what’s at stake?Hong Kong's five-year plan is being examined to understand its potential implications and what is at stake. This article discusses the significance of future government policies for the region.South China Morning Post
POLITICSAug 12Why does Hong Kong need a 5-year plan – and will it crimp its free-market economy?As the government completes a public consultation exercise to craft the city’s own five-year plan to align with national development, the first of this five-part series looks at key questions, starting with the need for such a blueprint. Economist Heiwai Tang has a line he likes to use on free-market purists: “The market is almost always right, but it’s not always right.” While Hong Kong has long been ranked the world’s freest economy, Tang, an associate dean at the University of Hong Kong’s...South China Morning Post
HEALTHAug 11Hong Kong urges parents not to delay childhood vaccinations as US limits jabsHong Kong authorities have defended the city’s childhood vaccination programme after the United States scaled back its immunisation recommendations, stressing that public health policies should not be “arbitrarily altered”. The Centre for Health Protection (CHP) said on Tuesday that all public health policies and medical recommendations had to be based on scientific evidence. “Vaccination schedules should not be altered arbitrarily without reliable scientific data or medical research supporting...South China Morning Post
DISASTERAug 11Search under way for missing cruise passenger off Hong Kong mega bridgeHong Kong authorities have launched a search in waters west of the city for a man believed to have fallen overboard from a sightseeing vessel travelling between Shekou and the Hong Kong-Zhuhai-Macau Bridge. The operator of the cruise, which had departed from Shekou in neighbouring Shenzhen for a sightseeing trip of the mega bridge, reported the incident at around 3pm on Tuesday after crew members realised the passenger was missing upon returning to shore. A review of on-board security footage...South China Morning Post
BUSINESSAug 11New Hong Kong trade office in Malaysia a bridge to Greater Bay Area: ministerHong Kong has opened a new trade office in Malaysia, with a minister saying the move is part of a strategic push to deepen regional ties and will help position the city as a bridge between the country and the Greater Bay Area. Secretary for Commerce and Economic Development Algernon Yau Ying-wah said on Tuesday that the opening of the Economic and Trade Office (ETO) in Kuala Lumpur would strengthen Hong Kong’s presence in the region. “The establishment of the new [ETO] in Kuala Lumpur is a...South China Morning Post
BUSINESSAug 11Wharf firms up balance sheet as Hong Kong home sales cushion profit slumpHong Kong developer Wharf (Holdings) is increasingly relying on Hong Kong’s luxury-home market to offset weakness in mainland China, while paring investments and building up cash as it navigates an uncertain outlook. Revenue from Wharf’s Hong Kong development properties nearly tripled to HK$1.35 billion (US$172 million) from HK$475 million in the first half, with operating profit rising more than fivefold to HK$166 million, according to its interim results announced on Tuesday. That helped...South China Morning Post
BUSINESSAug 11Shein plans Hong Kong IPO as soon as August 19 - reportShein is reportedly planning an Initial Public Offering (IPO) in Hong Kong as early as August 19. This suggests a significant financial event for the company and the market.Seeking Alpha Tech
BUSINESSAug 11Shein set to take orders for Hong Kong IPO next week, eyeing US$35b valuation: sourcesFast-fashion retailer Shein Global Holdings is planning to take investor orders for its Hong Kong initial public offering (IPO) as soon as next week, aiming for a valuation of US$35 billion, according to people familiar with the matter. The Singapore-headquartered company, which was founded in China, aims to raise as much as US$2.8 billion and began gauging investor demand last week, said sources who asked not to be identified while discussing confidential information. The timing and size of the...South China Morning Post
POLITICSAug 11Hong Kong considers lowering heat-stress warning thresholds amid criticismHong Kong authorities are considering lowering the threshold for activating higher-tier heat stress warnings during abnormally hot weather, following public criticism that the alert was not upgraded even as the city sweltered through its hottest day on record. Commissioner for Labour Sam Hui Chark-shum said on Tuesday that the warning system was currently more responsive to “muggy weather” than conditions of purely high temperature and strong solar radiation, but the government would seek to...South China Morning Post
BUSINESSAug 11Hong Kong index compiler proposes adding 20 more stocks to main technology trackerHang Seng Indexes Company plans to expand the Hang Seng Tech Index (HSTECH) to 50 constituents and introduce “sales growth” as a criterion for selection to strengthen market representation, according to a consultation paper released on Monday. Hong Kong’s major stock index compiler proposed increasing the number of HSTECH constituents from 30 to 50, using a dual-selection framework. The top 40 stocks will be selected by market capitalisation, while the remaining 10 will be picked based on...South China Morning Post
POLITICSAug 11Hong Kong-based mediation body ‘ready to tackle state disputes, serve as Asian legal hub’A former Hong Kong justice minister who now heads an intergovernmental mediation body based in the city has said the organisation is ready to handle state-to-state disputes, with six countries having nominated more than 100 mediators from the legal, diplomatic and academic fields. Teresa Cheng Yeuk-wah, secretary general of the International Organisation for Mediation (IOMed), told the South China Morning Post that Hong Kong is uniquely positioned to serve as an international legal capital in...South China Morning Post
BUSINESSAug 10Hong Kong’s commercial property investment growth beats peer Asia-Pacific marketsHong Kong’s commercial property investment more than doubled to US$3.1 billion in the second quarter, making it the fastest growing investment market in Asia-Pacific thanks to a strong increase in retail and office deals and a low base effect, according to JLL. The 129 per cent growth from a year earlier beat other top-performing markets including Singapore with 108 per cent growth and Australia with an 82 per cent increase, data tracked by the property consultancy showed. “Hong Kong’s robust...South China Morning Post
DISASTERAug 10Hong Kong to review warning system after record heat triggers lowest alertHong Kong labour authorities have pledged to review the city’s heat stress warning system, a day after the weather forecaster issued the lowest-level alert for outdoor workers despite record-breaking temperatures, prompting questions about the index’s effectiveness. The pledge on Monday followed calls from experts for the government to adopt an international measurement that gives greater weight to direct sunlight, and to increase the number of heat stress monitoring stations so that all...South China Morning Post
BUSINESSAug 10Hong Kong, Malaysia set for ‘deeper ties in semiconductor making, other sectors’Hong Kong and Malaysia are poised to deepen economic ties across key sectors, such as semiconductor manufacturing, to unlock mutual growth opportunities, the head of the city’s Trade Development Council (TDC) has said. Council chairman Frederick Ma Si-hang made the comment on Monday as he joined Hong Kong’s biggest delegation to Malaysia to date under the city’s “Think Business, Think Hong Kong” flagship campaign. Speaking to the South China Morning Post, he cited the delegation as a sign of...South China Morning Post
BUSINESSAug 10Uber partners with Hong Kong firm to launch its first premium service outside USUber has partnered with a Hong Kong transport operator to launch its first premium service outside the United States, but local lawmakers have stressed the move is unrelated to the firm’s push for a larger licence quota under a coming regulatory regime. The US-based company partnered with Kwoon Chung Bus to introduce Uber Elite, which offers pre-booked rides in Mercedes-Benz vehicles for up to six passengers, uniformed chauffeurs, airport meet-and-greet services and more, the firms announced on...South China Morning Post
BUSINESSAug 10Hong Kong trophy-home demand runs deep, as Stanley luxury sale tops US$19mA buyer with the same name as the founding chairwoman of a global immigration consultancy has bought a detached house in a luxury residential development in southern Hong Kong for over US$19 million, adding to a string of big-ticket deals as demand for trophy homes remains resilient despite a broader slowdown. Yi Bing signed an agreement for the purchase of House 11 at One Stanley on Wong Ma Kok Road on July 27, according to Land Registry records. The four-bedroom, 3,336 sq ft detached house...South China Morning Post
BUSINESSAug 10Hong Kong hotel sector recovery elusive for unprepared investorsSigns of recovery in Hong Kong’s real estate industry are becoming more apparent, so much so that key indicators in parts of the sector are experiencing some of the fastest growth rates in the Asia-Pacific. In the hotel market, average daily rates, which were declining in annualised terms for most of 2025, grew 9.5 per cent in the first half of this year. This was the third-fastest growth rate among 14 leading markets across the region, according to data from CBRE. Another sign that the recovery...South China Morning Post
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