2 d. ago Businesses in Hong Kong’s Central count costs after Chinachem Tower fire

Small businesses around the Chinachem Tower in Hong Kong’s Central were dealt a blow after the building was engulfed in flames, with some stores remaining shut on Sunday morning as the investigation into the cause of the fire entered its second day. Some shop operators described the fire as a rarity in the central business district and a source of concern. Saturday’s blaze took more than four hours to snuff out and enveloped the entire building, which was undergoing renovations. A government...

Economics

3 d. ago Man accused of running Cambodian scam farm empire has Hong Kong business links

A Chinese-born businessman sanctioned by the US and UK for alleged human trafficking through a Cambodian-based cybercrime empire and scam farm has operations in Hong Kong and a related company owns an office building in the city, the Post has found. The discovery followed an announcement by the US Office of Foreign Assets Control, which on Tuesday sanctioned more than 100 business entities including 11 Hong Kong companies linked to Chen Zhi, CEO and chairman of Cambodian conglomerate Prince...

Politics

3 d. ago Firefighters battle blaze at Chinachem Tower in Hong Kong, 3 trapped in lift

Firefighters are battling a blaze that broke out at the Chinachem Tower in Hong Kong’s central business district after scaffolding on the building caught fire on Saturday afternoon, with three people trapped in a lift. Police said they received reports of a fire at No 34-37 Connaught Road Central, the address of the tower, at about 4.24pm. “Informants said a scaffolding facing a back alley of a building caught fire. There is no report of injury. Three men were said to have been trapped in a...

Events

3 d. ago Firefighters battle blaze at Chinachem Tower in Hong Kong, 3 hurt

Firefighters are battling a blaze that broke out at the Chinachem Tower in Hong Kong’s central business district after scaffolding on the building caught fire on Saturday afternoon, with at least three people injured. Police said they received reports of a fire at No 34-37 Connaught Road Central, the address of the tower, at about 4.24pm. The severity of the fire was upgraded after about 12 minutes. “Informants said scaffolding facing a back alley of a building caught fire,” a police spokesman...

Events

3 d. ago Firefighters battle blaze at Chinachem Tower in Hong Kong, 4 hurt

Firefighters are battling a blaze that broke out at the Chinachem Tower in Hong Kong’s central business district after scaffolding on the building caught fire on Saturday afternoon, with at least four people injured. Police said they received reports of a fire at No 34-37 Connaught Road Central, the address of the tower, at about 4.24pm. The severity of the fire was upgraded after about 12 minutes. “Informants said scaffolding facing a back alley of a building caught fire,” a force spokesman...

Events

4 d. ago Rush to create 2,600 student hostel spaces to meet surging demand in Hong Kong

Education authorities have received more than 10 applications to convert commercial buildings and hotels into 2,600 dormitory spaces in Hong Kong, a move to address the increased demand after raising the cap on non-local students at tertiary institutions to 50 per cent. Secretary for Education Christine Choi Yuk-lin said on Saturday she was encouraged by the response to the “Hostel in the City” scheme, launched in July with the Development Bureau. “We have approved a few applications now,” Choi...

Politics

4 d. ago New lending and repo plans accelerate the yuan’s challenge to the US dollar

When Hong Kong businessman Sunny Yip Yuk-chik heard about a new scheme that would make it easier and cheaper to borrow Chinese yuan, he immediately called his staff on the Chinese mainland with the news. Earlier this month, the Hong Kong Monetary Authority (HKMA) launched a 100 billion yuan (US$14 billion) Renminbi Business Facility (RBF) that would enable business owners like Yip to borrow yuan from Hong Kong banks for up to 12 months at the onshore yuan interest rate, easing trade...

Politics

4 d. ago Alibaba, Ant buy Hong Kong offices, in city’s biggest deal since 2021

Alibaba Group Holding and Ant Group have agreed to pay HK$7.2 billion (US$925 million) to buy the top floors of a Causeway Bay office tower that Mandarin Oriental International is building on the site of The Excelsior hotel, marking Hong Kong’s largest real estate transactions since 2021. Alibaba and Ant bought 301,555 sq ft (28,015 square metres) of space, comprising the top 13 floors of the 24-storey building, with parking space for 50 vehicles and signage rights to the tower, according to...

Economics

6 d. ago Pioneer in International Bilingual Education: YK Pao School Hong Kong to Open in September 2026.

[The content of this article has been produced by our advertising partner.] The YK Pao Education Foundation, established to continue the philanthropic legacy of the esteemed shipping magnate and philanthropist Sir YK Pao, proudly announces the planned launch of its new international school in Hong Kong.*  This initiative builds on the success of its inaugural bilingual school, established in Shanghai in 2007. The new not-for-profit school aims to serve both non-local and local families with...

Politics

1 week ago Hong Kong can help mainland China ‘take renminbi global, build ties with France’

Hong Kong’s dual status as an international financial centre and offshore renminbi trading hub allows it to play a vital role in taking the yuan onto the global stage and promoting Sino-French economic ties, mainland Chinese business leaders have told a meeting in Paris. Representatives from major mainland companies and financial institutions in Paris raised the idea with a delegation from the Better Hong Kong Foundation, led by its executive committee chairman, Ronnie Chan Chi-chung, during a...

Politics

2 w. ago Should Hong Kong’s URA tie compensation to building condition? Analysts say yes

The future cash compensation for Hong Kong homeowners affected by redevelopments should take into account the physical condition of buildings to encourage maintenance efforts, observers have said, as the renewal authority reviews its policy to address financial challenges. Their comments were made on Wednesday after the Urban Renewal Authority (URA) recorded a deficit for three consecutive years. The cash-strapped body is expected to complete a review of its acquisition regime next year, with...

Politics

2 w. ago Should Hong Kong’s URA tie compensation to condition of homes? Analysts say yes

The cash compensation for Hong Kong homeowners affected by redevelopments should take into account the physical condition of the homes to encourage better maintenance, observers have said, as the renewal authority reviews its policy to address financial challenges. Their comments on Wednesday came days after the Urban Renewal Authority (URA) posted a deficit of HK$2.7 billion (US$350 million) for 2024-25, its third financial year in a row recording a loss. The cash-strapped body is expected to...

Politics

2 w. ago Man plunges to death after alleged knife attack on domestic helper in Hong Kong flat

A man allegedly injured a domestic helper with a box cutter at a public housing estate in Tsing Yi before falling to his death from the building, Hong Kong police said on Tuesday. The incident occurred on Monday night at Leung Fat House in the Cheung Fat Estate, with police first receiving a report from a resident at 9.40pm that the 47-year-old female had allegedly been attacked by a 31-year-old male suspect, after which she returned to her flat. Officers arrived at the scene, and the woman was...

Events

2 w. ago Man plunges to death after alleged knife attack on helper in Hong Kong flat

A man allegedly injured a domestic helper with a box cutter at a public housing estate in Tsing Yi before falling to his death from the building, Hong Kong police said on Tuesday. The incident occurred on Monday night at Leung Fat House in the Cheung Fat Estate. A resident contacted police at 9.40pm and told them that the helper had allegedly been attacked by a 31-year-old man, after which she had returned to her flat. Following officers’ arrival at the scene, the 47-year-old woman was taken to...

Events

2 w. ago Man plunges to death after alleged knife attack on helper at Hong Kong estate

A man allegedly attacked a domestic helper with a box cutter at a public housing estate in Tsing Yi before falling to his death from the building, Hong Kong police said on Tuesday. The incident occurred on Monday night at Leung Fat House in the Cheung Fat Estate. A resident contacted police at 9.40pm and told them that the helper had allegedly been attacked by a 31-year-old man, after which she had returned to her flat. After officers arrived at the scene, the 47-year-old woman was taken to...

Events

2 w. ago Hong Kong bolsters green finance hub role with new global building certificates

The Hong Kong Green Building Council recently started issuing international certificates for buildings overseas, which is expected to enable more international developers to secure local funding for sustainable projects, boosting the city’s role as a regional green finance hub. A non-profit-making body focused on promoting the development of eco-friendly structures, the council has extended its Building Environmental Assessment Method (BEAM) Plus certification programme to foreign markets. The...

Politics

2 w. ago Hong Kong shelves HK$700 million infrastructure gallery proposal after backlash

Hong Kong authorities have shelved a controversial proposal to build a costly exhibition hall at a prime site to showcase major development projects, including the Northern Metropolis. The construction of the HK$700 million (US$90 million) gallery on the Wan Chai North waterfront was first announced in the 2023 policy address. The budget was included in the government’s planned HK$30 billion financial application for the first-stage development of the city’s innovation hub, known as the San Tin...

Economics

3 w. ago Hong Kong has the momentum, now it needs to build global trust

Hong Kong has once again displayed its resilience. The city retained its No 3 ranking in the Global Financial Centres Index, just behind New York and London, while initial public offerings surged eightfold in the first half of 2025. For the first time since 2019, Hong Kong held the top spot in global IPO fundraising. The city clearly still matters in global finance. However, Chief Executive John Lee Ka-chiu’s policy address, while ambitious, was short on specifics. It promised growth in finance,...

Politics

3 w. ago How Hong Kong can lean into its strengths to regain the world’s trust

Hong Kong has once again displayed its resilience. The city retained its No 3 ranking in the Global Financial Centres Index, just behind New York and London, while initial public offerings surged eightfold in the first half of 2025. For the first time since 2019, Hong Kong held the top spot in global IPO fundraising. The city clearly still matters in global finance. However, Chief Executive John Lee Ka-chiu’s policy address, while ambitious, was short on specifics. It promised growth in finance,...

Politics

3 w. ago Mandarin Oriental confirms talks to sell top floors of One Causeway Bay

Mandarin Oriental International said on Tuesday it was in discussions regarding the potential sale of a portion of its prime mixed-use building, One Causeway Bay, in one of Hong Kong’s top retail and business hubs. The company, which operated 43 assets worldwide as of June, said negotiations were ongoing but “there can be no certainty that any sale will proceed, nor as to the terms on which such a sale might be made”. “A further announcement will be made if and when appropriate,” it said. A...

Politics