22 h. ago Hong Kong back in business after Typhoon Tapah disrupts classes, 140 flights

Hong Kong returned to normal on Monday afternoon after severe tropical storm Tapah triggered a No 8 signal for nearly 16 hours, resulting in the cancellation of 140 flights, class suspensions and flexible work arrangements for many of the city’s workers. While the No 8 gale signal was in effect, HK Express flight UO235 was suspected to have hit signage boards at 10.36am at Hong Kong International Airport while taxiing on the north runway before stopping on the taxiway. None of the 137 passengers...

Transport

22 h. ago Hong Kong back in business after storm Tapah disrupts classes, 140 flights

Hong Kong quickly returned to normal on Monday afternoon as Severe Tropical Storm Tapah moved away after triggering the No 8 typhoon signal for nearly 16 hours, with 140 flights cancelled, school classes suspended and many people on flexible work arrangements. While the No 8 signal was in effect in the morning, HK Express flight UO235 was suspected to have hit signage boards at Hong Kong International Airport while taxiing on the north runway before stopping on the taxiway. None of the 137...

Events

22 h. ago Hong Kong back in business after storm Tapah disrupts classes, flights and work

Hong Kong quickly returned to normal on Monday afternoon as Severe Tropical Storm Tapah moved away after triggering the No 8 typhoon signal for nearly 16 hours, with 140 flights cancelled, school classes suspended and many people on flexible work arrangements. While the No 8 signal was in effect in the morning, HK Express flight UO235 was suspected to have hit signage boards at Hong Kong International Airport while taxiing on the north runway before stopping on the taxiway. None of the 137...

Economics

32 h. ago Uniqlo Hong Kong chooses upgrades over expansion amid sluggish retail sales

Uniqlo is focusing on revamping its 32 outlets in Hong Kong rather than expanding its footprint amid sluggish retail sales, as the popular Japanese fashion retailer contends with a decline in revenue and profit from its Greater China region. However, revamping existing stores sometimes includes leasing more space. For example, a store currently under renovation and set to reopen on October 17 in Mira Place in Tsim Sha Tsui will nearly double to 27,000 sq ft. A new-look store in City Plaza in...

Politics

4 d. ago Hong Kong IPO pipeline swells as Chinese tech listings lure global investors

More than 200 companies are awaiting approval for initial public offerings (IPOs) in Hong Kong, with about half coming from the technology sector, according to Hong Kong Exchanges and Clearing (HKEX) CEO Bonnie Chan Yiting. “Recently, many international long-term investors have actively participated in the IPO subscriptions of technology and innovation companies, reflecting strong global interest in China’s tech sector,” she said at HKEX’s Future Tech Summit on Friday. In the first eight months...

Economics

4 d. ago Hong Kong legal sector eyes film business role using smart contracts, blockchain

Hong Kong’s legal sector is taking an unprecedented leap into the world of Web3 and digital assets to revolutionise the city’s film and television industry in a bid to better track investments, with some massive losses incurred as a result of a lack of transparency. The bold new strategy, unveiled at a seminar on Thursday, enables the use of blockchain and smart contracts to fundamentally transform the industry and offer a new channel for financing creative content, according to lawmaker Johnny...

Politics

1 week ago University of Hong Kong business school looks at taking bitcoin for payments

The business school of Hong Kong’s oldest university is exploring the use of digital currencies for tuition payments and donations. The move by the business school of the University of Hong Kong (HKU) comes as the city seeks to balance its aspirations as a virtual asset hub with the need to minimise financial risks, with the Stablecoins Ordinance having come into effect on August 1. Professor Cai Hongbin, dean of the business and economics faculty at HKU, called for support for the initiative at...

Economics

1 week ago Hong Kong reduces Silver Bond coupon ahead of expected rate cut

The Hong Kong government is lowering the guaranteed coupon rate for its 10th batch of Silver Bonds offered to the city’s senior citizens, as anticipation builds that the US Federal Reserve will commence its next cycle of interest rate cuts on September 18. Up to HK$50 billion (US$6.4 billion) of Silver Bonds will go on sale next month with a guaranteed annual coupon of 3.85 per cent, down from 4 per cent in the batch sold in September last year. Three-year bonds will go on sale from 9am on...

Politics

1 week ago Hong Kong audit regulator imposes fine of US$245,000 on auditor Deloitte

Hong Kong's audit regulator imposed a combined HK$1.9 million (US$245,000) fine on Deloitte Touche Tohmatsu and two of its partners for multiple audit deficiencies related to two former listed companies from 2011 to 2013, the authority said on Thursday. The move was part of the first batch of disciplinary cases from the Accounting and Financial Reporting Council (AFRC) with the help of the mainland’s Ministry of Finance (MOF). “The successful completion of these disciplinary cases attests to the...

Politics

1 week ago Hong Kong audit regulator imposes fine of US$245,000 on Deloitte

Hong Kong's audit regulator imposed a combined HK$1.9 million (US$245,000) fine on Deloitte Touche Tohmatsu and two of its partners for multiple audit deficiencies related to two former listed companies from 2011 to 2013, the authority said on Thursday. The move was part of the first batch of disciplinary cases from the Accounting and Financial Reporting Council (AFRC) with the help of the mainland’s Ministry of Finance (MOF). “The successful completion of these disciplinary cases attests to the...

Politics

2 w. ago Pure gets US$50 million financial lifeline from investors, sources say

Pure, the Hong Kong gym chain frequented by the city’s financial elite, has secured commitments for new funding to help it pay down debt, according to people familiar with the matter. The gym operator, which tends to lease large spaces in premium locations in the city, is set to receive more than US$50 million from investors including Primavera Capital and some existing shareholders, such as FountainVest Partners, as soon as paperwork is completed, the people said. The new funds, in the form of...

Economics

2 w. ago Dongfeng Motor to list EV unit in Hong Kong, privatise parent firm

Dongfeng Motor, a major state-owned Chinese carmaker, plans to privatise its Hong Kong-traded unit and list its electric vehicle (EV) subsidiary as part of a transition towards electrification. The company – based in Wuhan, the capital of central Hubei province – is offering shareholders HK$6.68 (US$0.85) per share, valuing the listed unit at HK$55.1 billion, according to a filing with the Hong Kong stock exchange late on Friday. The offer represents an 11.9 per cent premium over the closing...

Economics

2 w. ago Hong Kong tops the US as IPO venue for mainland Chinese start

In the first of a two-part series about Hong Kong’s market for initial public offerings, Zhang Shidong and Ao Yulu report that more Chinese companies opted to list in Hong Kong in the first eight months of 2025 than in New York. Hong Kong has overtaken the US as the new listing venue for mainland Chinese companies, marking a major milestone for the world’s fourth-largest capital market after a decade of betting on its growth in its much larger and stronger hinterland. As many as 46...

Politics

2 w. ago Hong Kong luxury rents jump 8.6% to top Knight Frank’s global list

Hong Kong’s luxury home rents increased the most globally in the second quarter, according to Knight Frank, benefiting from an influx of high-net-worth individuals through the capital investment scheme. A survey tracking 16 cities worldwide showed upscale residential rents climbed 8.6 per cent in the April to June period from a year earlier, the consultancy said. Tokyo came a close second with an 8.3 per cent increase, followed by New York at 6.9 per cent. Singapore ranked 13th with a 1.5 per...

Politics

2 w. ago Bars near Hong Kong Stadium hoping for another big score from Ronaldo match

Restaurants and bars near Hong Kong Stadium have enjoyed a spike in business of at least 20 per cent thanks to the city hosting the Saudi Super Cup and are gearing up for Saturday when football legend Cristiano Ronaldo is set to play again. More than 30,000 spectators watched Ronaldo and his team Al-Nassr beat Al-Ittihad 2-1 at the Causeway Bay stadium on Tuesday. Al-Nassr will play either Al-Ahli or Al-Qadisiyah on Saturday in the final. Yuga, a cha chaan teng, or Hong Kong-style cafe, on...

Politics

2 w. ago Hong Kong Ferry buys retail space for US$33 million from ‘Cassette King’

Hong Kong Ferry Holdings is buying retail shops in the New Territories from Hong Kong’s “Cassette King” David Chan Ping-chi for HK$260 million (US$33 million) as part of an expansion of its property investment business. Prosper Link Investment, a wholly owned subsidiary of the company, entered into a provisional agreement with the seller, Man Hei International Investment, to acquire various shops at Tai Hung Fai (Tsuen Wan) Centre at 55 Chung On Street in Tsuen Wan, Hong Kong Ferry said in a...

Economics

2 w. ago Hong Kong exchange’s confidential filing option lures tech listings

Nearly half of the biotech and technology start-ups seeking initial public offerings (IPOs) in Hong Kong are opting for confidential filings under a new listing channel that allows them to protect sensitive data, according to a lawyer with international law firm Cooley. Companies choosing confidential filings often have concerns about sensitive information being released to the market in the early stages of the IPO process, which could attract scrutiny or allegations from competitors, Michael...

Politics

3 w. ago Shein Weighs Relocating to China to Ease Path for Hong Kong IPO

Shein Weighs Relocating to China to Ease Path for Hong Kong IPO  The Business of Fashion

Politics

3 w. ago Hong Kong man charged with fraud, wife bailed in water procurement scandal

A 61-year-old Hong Kong businessman has been remanded in custody after being charged with defrauding the government to secure a HK$52.9 million (US$6.8 million) contract for supplying drinking water to its offices. Secretary for Financial Services and the Treasury Christopher Hui Ching-yu acknowledged on Tuesday that there were “shortcomings” in the procurement deal and said a task force he chaired would meet this week for discussions. Police escorted Lui Tsz-chung, who claims to be a...

Politics

3 w. ago Ronaldo in Hong Kong: restaurants eye 30% business boost as cup kicks off

Hong Kong’s much-awaited hosting of the Saudi Super Cup, featuring football legend Cristiano Ronaldo, has brought thousands of fans to the city and may give a boost to restaurant operators, who are optimistic about an increase in business of up to 30 per cent. Fans have been following Ronaldo’s every move since his arrival in the city on Thursday last week, as they try to catch a glimpse of him training or making a surprise visit to his CR7 Life Museum at the K11 Musea shopping centre. The...

Politics