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BUSINESS5d agoAIIB keen to fund projects in Northern Metropolis, Hong Kong finance chief saysThe China-led Asian Infrastructure Investment Bank (AIIB) has expressed interest in financing projects in the Northern Metropolis mega development, Hong Kong’s finance chief has said. Financial Secretary Paul Chan Mo-po also told the media on Sunday that global finance leaders had set aside their political differences during the Asia-Pacific Economic Cooperation (Apec) Finance Ministers’ Meeting held in Hong Kong last week and reached a consensus on promoting digital infrastructure, employment...South China Morning Post
BUSINESS5d ago1 million Hong Kong employees to get ‘full portability’ of MPF funds in DecemberAbout 1 million employees in Hong Kong will be allowed to move their entire Mandatory Provident Fund (MPF) balance to a different provider once a year under the “full portability” arrangement, effective from December 21 for the first phase of implementation. The Mandatory Provident Fund Schemes Authority, which manages the city’s mandatory pension plans, said on Sunday that the “full portability” arrangement would be carried out in two phases to ensure a smooth and orderly implementation. In a...South China Morning Post
BUSINESS5d agoWhat’s next for Hong Kong developers in mainland China?Hong Kong’s major property developers are shifting investment in mainland China from residential projects to commercial assets, including hospitality, as weak home sales and fewer attractive investment opportunities prompt them to focus on existing properties, recurring income and debt reduction. “In recent years, after we recycled the capital from our projects, we haven’t really found many good opportunities on the mainland,” Stephen Ng, chairman and managing director of Wharf Holdings, said at...South China Morning Post
POLITICS5d agoLaw enforcement alerted to firm offering LGBTQ surrogacy services in Hong KongHong Kong’s regulator for in vitro fertilisation (IVF) has referred a case to law enforcement agencies after a mainland Chinese influencer was suspected of offering to bring non-local surrogate mothers of LGBTQ parents to give birth in the city. Tan Zubiao, also known as berlinsun, had set up a company in the city and advertised on social media commercial surrogacy services for LGBTQ couples, according to Hong Kong media. Tan and his foreign husband, who have two children through surrogacy, were...South China Morning Post
SCI & TECH5d agoWill AI-powered open-door vending machines reshape Hong Kong’s retail landscape?Sherry Shum has embraced a new shopping routine after finding a smart vending machine near her home in Chai Wan. The 37-year-old retail worker uses her phone to scan a QR code, opens the smart machine’s door, picks up a bottle of Coca-Cola, an oolong tea and a pack of potato chips, closes it and walks away with HK$60 (US$7.70) worth of goods. The whole process is so seamless that the only time she spends is deciding what to buy. The moment Shum takes an item from the shelf, the machine detects...South China Morning Post
POLITICS5d agoHong Kong needs a civil service fit for a changed worldHong Kong’s civil service has long enjoyed a reputation for efficiency, professionalism and probity. It has also been a pillar of stability, particularly during the transition from British to Chinese rule. Outside the general and administrative grades, many civil servants spend much of their careers in relatively specialised areas of responsibility. This allows them to develop deep expertise and makes them dependable regulators and administrators. However, it can also make it harder to adapt...South China Morning Post
HEALTH5d agoSchool bullying cases in Hong Kong rise 32% to nearly 500 a yearHong Kong schools handled an average of 496 bullying cases each academic year from 2022 to 2025 – a 32 per cent jump compared with the previous three years, according to the Education Bureau. A youth group attributed the increase to greater reporting driven by heightened mental health awareness, but also students struggling to distinguish playful jokes from bullying. According to the bureau, public primary and secondary schools recorded an average of 496 bullying cases each year between 2022 and...South China Morning Post
WORLD5d agoHalloween comes early to Hong Kong as festivities draw crowds, lift bar businessHalloween has arrived early in Hong Kong, with costumed revellers and families thronging the city’s streets a week early and some establishments seeing business increase by up to 20 per cent. The streets of Central were packed on Saturday as visitors and locals alike joined events held under the Tourism Board’s inaugural “Hong Kong Halloween Month”. The campaign, which started last Saturday, involves street celebrations in Central, including Lan Kwai Fong, Kai Tak, Mong Kok and Tsim Sha Tsui...South China Morning Post
POLITICS6d agoHong Kong must revive growth and drive reforms with government’s ‘visible hand’Hong Kong authorities should act as a “visible hand” to break down barriers erected by vested interests and revive growth momentum through reform under its maiden five-year plan, a former Beijing official overseeing the city’s affairs has said. Deng Zhonghua, former deputy director of the State Council’s Hong Kong and Macau Affairs Office, also said on Saturday that Hong Kong had to empower emerging industries through deregulation and improve mechanisms for sharing the benefits of development in...South China Morning Post
BUSINESS6d ago16,000 sign up for exam to drive taxis or ride-hailing cars in Hong KongAbout 16,000 Hong Kong residents have signed up for a joint exam to drive taxis or ride-hailing cars, the transport chief has said. Speaking on a radio programme on Saturday, Secretary for Transport and Logistics Mable Chan said the allocation arrangement for the 10,000 ride-hailing vehicle permits would be announced in November, with the government considering increasing the odds for certain drivers in the lottery draw. “We are pleased to see the enthusiastic response to the joint examination....South China Morning Post
BUSINESS6d agoHong Kong customs seizes 600 million illicit cigarettes in first 9 months of 2026Hong Kong customs officers seized 600 million illicit cigarette sticks in the first three quarters of this year, the department chief has said as he revealed plans to roll out more advanced contraband detection equipment at additional border checkpoints to ease manpower pressure. Commissioner of Customs and Excise Chan Tsz-tat told a radio programme on Saturday that the seizure amount in the first nine months this year nearly matched the 2025 annual total. He said that of the 600 million sticks...South China Morning Post
BUSINESS6d agoCrypto platform on alert lists opens Hong Kong office, prompting calls for scrutinyA cryptocurrency trading platform on Hong Kong and Canadian regulators’ alert lists has opened an office in the city, prompting experts to urge closer scrutiny of how such firms promote themselves without undermining an open business environment. Experts told the South China Morning Post that inclusion on a regulator’s alert list did not necessarily mean a company had broken the law. But they urged authorities to step up oversight of how such firms marketed regulated financial products. Polar...South China Morning Post
POLITICS6d agoWhy Hong Kong should rethink premiums for private recreation clubsPrivate recreation leases have a long and contentious history in Hong Kong. Complaints about the inequity of granting land leases to private clubs at a nominal premium for the exclusive enjoyment of a small number of members have been raised many times. This issue is increasingly pressing. Twenty-seven sites are involved and almost all the leases for these sites are set for renewal next year. In response to this perceived inequality, the government reviewed its policy for clubs with private...South China Morning Post
BUSINESS6d agoHong Kong private secondary sector expands as local universities’ reputation growsThe number of private secondary schools in Hong Kong has risen by more than half in five years as demand for alternative curricula grows and new operators seek to attract families drawn by the city’s highly ranked universities, education authorities and principals have said. Between 2021-22 and 2025-26, the number of private secondary institutions increased from 16 to 25, a jump of 56.3 per cent, Education Bureau figures show. Leaders at schools offering alternative curriculum pathways said that...South China Morning Post
BUSINESS6d agoPYMNTS | HSBC Launches Hong Kong Dollar StablecoinHSBC has launched a new Hong Kong Dollar Stablecoin. This development marks an expansion in the digital currency market and financial services.pymnts.com · United States
POLITICS6d agoHong Kong Legco to review tighter rules on access to land records amid concernsHong Kong’s legislature will set up a subcommittee to examine proposed restrictions on access to land records following widespread public concern. At a Legislative Council House Committee meeting on Friday, lawmakers endorsed establishing the subcommittee to study proposed requirements and procedures under the Land Titles Regulation. The move came after some legislators and the Hong Kong Journalists Association voiced objections on Wednesday after the government tabled eight pieces of subsidiary...South China Morning Post
BUSINESS6d agoHong Kong sauce maker to close after 90 years, making way for Northern MetropolisOne of Hong Kong’s last traditional sauce makers is to cease operations, ending its 90-year legacy, after authorities cleared land at its Kwu Tung factory on Friday. Established in 1936, Kui Lee Sauce and Preserved Fruit confirmed to the South China Morning Post that it would close down once its remaining inventory at its shop in Wan Chai was sold. “Our factory in Kwu Tung has halted production, and all remaining stock is at our retail shop. We will close permanently after selling through all...South China Morning Post
DISASTEROct 23Hong Kong marks hottest ‘Frost’ solar term on record at 32.1 degrees CelsiusHong Kong recorded its highest-ever temperature for the traditional Chinese calendar’s “Frost” solar term on Friday, with the weather forecaster warning of a very dry weekend ahead. The Hong Kong Observatory said the temperature reached 32.1 degrees Celsius by 2.30pm. Frost, the 18th of the Chinese lunisolar calendar’s 24 solar terms, began on October 23. The terms mark natural phenomena and seasonal changes. Temperatures in the city have topped 30 degrees over the past few weeks, partly because...South China Morning Post
WORLDOct 23Hong Kong constable paralysed in 2005 knife attack laid to rest with full honoursHong Kong’s top government officials and police officers have paid their final respects to a former constable who died 21 years after being left paralysed in an attack while on duty, during a funeral with full police honours. Jacky Chu Chun-kwok, who died last month aged 52, was laid to rest on Friday following a service at the Universal Funeral Parlour in Hung Hom at 10.30am, which was attended by Chief Executive John Lee Ka-chiu and Secretary for Security Chris Tang Ping-keung. The mood was...South China Morning Post
DISASTERBREAKINGOct 23Super Typhoon Champi disrupts more than 70 flights between Hong Kong and TaiwanMore than 70 flights between Hong Kong and Taiwan have been cancelled as Super Typhoon Champi approaches the island ahead of a possible landfall later on Friday. As of noon on Friday, more than 30 flights between the city and Taiwan Taoyuan International Airport had been cancelled, according to a South China Morning Post check of the Hong Kong airport’s website. Nine outbound flights to Kaohsiung International Airport and Taichung International Airport were also cancelled. The affected flights...South China Morning Post
POLITICSOct 23Hong Kong security chief vows accountability, reforms ahead of Tai Po fire reportThe Fire Services Department will bear “ultimate responsibility” for following up on fire safety complaints across Hong Kong, the security chief has said, pledging legal reforms after the deadly Tai Po blaze, as an independent committee’s report is expected to identify the department as among those responsible. Secretary for Security Chris Tang Ping-keung made the pledge a day after the judge-led committee submitted its final report to the government. Sources said the report would identify...South China Morning Post
HEALTHOct 23Hong Kong elderly urged to stay indoors as air pollution spikes to serious levelsSevere haze in Hong Kong over the past two days has prompted a government warning of serious health risks, with experts urging the elderly and vulnerable to stay indoors until sunset. Air quality health risk levels at some of Hong Kong’s roadside monitoring stations rose on Wednesday and Thursday, with experts attributing the surge to elevated ozone levels caused by sunlight and high temperatures and warning that conditions were likely to persist over the next few days. On Wednesday afternoon,...South China Morning Post
BUSINESSOct 23How Hong Kong can go from passive trade hub to regional control towerThis year has opened a rare window of relative calm in global commerce. On October 8, the World Trade Organization doubled its forecast for global goods trade growth, from 1.9 to 3.9 per cent. The easing of US-China and Europe-China tensions has given open economies some breathing space. Hong Kong has seized the moment. Its exports rose 42.5 per cent year on year in the first eight months of 2026, with figures from August alone up 53 per cent, driven largely by AI-related equipment and...South China Morning Post
SCI & TECHOct 23Fresh Hong Kong graduates feel AI impact as degree pay advantage narrowsFresh Hong Kong graduates are increasingly feeling the impact of artificial intelligence (AI) as they enter the workforce, human resources experts have said, after a survey found the starting salaries for degree holders and sub-degree graduates had narrowed. The results of the latest annual survey by Baptist University found the disparity between the starting salaries of bachelor’s degree and sub-degree graduates narrowed by 17 per cent, or HK$500 (US$63.70), from HK$3,000 last year to HK$2,500...South China Morning Post
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