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BUSINESSSep 1Shein shares fall on Hong Kong debut as parcel duties and Iran costs biteShein has listed in Hong Kong after failed attempts in New York and London, as US tariffs and rising shipping costs squeeze the fast-fashion giant's profits.EuroNews [en]
POLITICSAug 28US Treasury sanctions Hong Kong-based firm over Iran money laundering tiesThe United States announced sanctions on a Hong Kong company on Friday for allegedly helping launder funds for a sanctioned Iranian exchange house, the latest Chinese entity to be targeted as part of Washington’s expanded efforts to squeeze Iran’s financial sector. The development comes as Washington has in recent days slapped new Iran-related sanctions on various Chinese entities, prompting Beijing to vow retaliation just weeks before Chinese President Xi Jinping’s expected visit to the...South China Morning Post
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
WORLDAug 5Hong Kong ship crews stranded in Strait of Hormuz ‘safe and offered counselling’Crew members aboard about 80 Hong Kong-owned ships stranded in the Strait of Hormuz for five months have enough supplies and access to video counselling, an industry representative said, adding that the seafarers face little immediate danger despite the stand-off. Kenneth Lam Sze-kin, deputy chairman of the Hong Kong Shipowners Association, said on Wednesday that the roughly 1,600 crew members would remain safe on ships owned by Hong Kong companies as long as shipowners were willing to pay for...South China Morning Post
CONFLICTAug 4Up to 80 Hong Kong-linked ships stuck around Strait of Hormuz, trade group saysA Hong Kong shipping industry body has estimated that as many as 80 of its ships and 1,600 seafarers are stuck in or near the Strait of Hormuz, with the sector forced to contend with more than five months of on-and-off conflict in the Middle East. Richard Hext, chairman of the Hong Kong Shipowners Association, shared the figures on Tuesday as the industry group revealed its recommendations for the city’s first five-year plan and Chief Executive John Lee Ka-chiu’s coming policy address. He also...South China Morning Post
POLITICSJul 29US sanctions Chinese, Hong Kong shipping firms over Iranian oil deliveriesThe United States on Wednesday sanctioned a group of mainland Chinese and Hong Kong shipping companies accused of operating vessels that transported Iranian oil to China, extending Washington’s economic campaign against Tehran alongside its naval blockade. The US State Department said eight companies were designated for operating vessels that moved Iranian crude oil and petrochemical products to China and the United Arab Emirates as part of Iran’s sanctions-evading “shadow fleet”. Six of the...South China Morning Post
BUSINESSJul 12Gulf capital flowing into Asia as Hong Kong-Middle East trade up 35%: Paul ChanCapital from the Gulf region is showing signs of flowing into Asia, according to Hong Kong’s finance chief, as bilateral trade between the Middle East and the city rose 35 per cent in the first five months of the year. In his weekly blog on Sunday, Financial Secretary Paul Chan Mo-po said Hong Kong and the Middle East had deepened ties in the areas of the economy, trade, finance, innovation and technology (I&T), and culture over the past few years. While trade between the Gulf Arab States and...South China Morning Post
BUSINESSJul 9Saudi Arabian tech giant eyes Hong Kong as Asia gateway and smart city partnerA Saudi Arabian tech giant has made Hong Kong its first stop on its maiden visit to Asia, expressing strong interest in partnering with local authorities to co-develop a smart city and establish a strategic gateway to the broader regional market. The remarks on Wednesday followed the opening of LEAP East 2026, the inaugural Hong Kong edition of the global tech event, where Financial Secretary Paul Chan Mo-po highlighted deepening ties between the two regions. Chan said he would lead a business...South China Morning Post
POLITICSJul 8Hong Kong’s Paul Chan pledges second trip to Saudi Arabia to build Mideast tiesHong Kong’s finance chief will lead another business delegation to Saudi Arabia later this year, announcing the news as the city hosted the first overseas edition of one of the kingdom’s top technology conferences as part of efforts to boost ties with the Middle East. Speaking at the opening ceremony of LEAP East 2026 on Wednesday, Financial Secretary Paul Chan Mo-po also announced that the conference’s Hong Kong edition would continue to be held annually for the next three years. For his second...South China Morning Post