56 m. ago Debt crunch at NWD stokes downside risk in Hong Kong home prices, S&P says

The liquidity crunch at New World Development (NWD), one of Hong Kong’s biggest developers, is a blemish on the resurgent housing market, threatening to shake confidence among homebuyers and trigger a “downside scenario” in home prices, according to S&P Global Ratings. The developer deferred coupon payments on four series of perpetual bonds after months of speculation about its finances, sending a poor signal to creditors about its default risk. It surprised investors last month by not redeeming...

Economics

83 m. ago Hong Kong Red Cross tightens blood donor rules for recent inmates

The Hong Kong Red Cross has banned anyone who has been locked up for 72 hours or more in the past 12 months from donating blood for a year, citing the risk of infections such as hepatitis C and HIV. The Hong Kong Red Cross Blood Transfusion Service said on Wednesday the guidelines had been revised based on suggestions made by the internationally recognised certification bodies that conducted a review of the centre last year. A spokeswoman for the service, which is operated by the Hospital...

Events

1 hour ago China ‘respects Panama Canal neutrality’ as CK Hutchison ports deal looms

China’s foreign ministry has said it respects Panama’s sovereignty and recognises its canal as a neutral international waterway, after the head of the strategic channel warned that the CK Hutchison ports deal could jeopardise its impartiality. Panama Canal Authority administrator Ricaurte Vasquez said in an interview published on Tuesday that the US$23 billion deal between CK Hutchison Holdings and a consortium led by BlackRock and MSC could result in a concentration of operators that would be...

Politics

2 h. ago ‘Panda fever’ created 19% attendance boost at Hong Kong’s Ocean Park: official

“Panda fever” has translated into a significant boost in business for Hong Kong’s Ocean Park, with the debut of several new bears leading to a 19 per cent surge in attendance year on year since their debut, according to the city’s tourism minister. Secretary for Culture, Sports and Tourism Rosanna Law Shuk-pui also said in a written reply on Wednesday to lawmakers’ questions that an additional HK$121 million (US$15.4 million) had been secured from the Hong Kong Jockey Club Charities Trust to...

Politics

3 h. ago Hong Kong policeman gets community service order for defrauding credit union

A Hong Kong policeman has been sentenced to 220 hours of community service for defrauding the force’s credit union to secure HK$280,000 (US$35,675) in loans. Traffic officer Shum Sze-long, 45, returned to Fanling Court on Wednesday to receive sentencing for one count of fraud and another of attempted fraud for providing inaccurate and incomplete information to the Hong Kong Police Credit Union during two loan applications. The now-suspended officer, who pleaded guilty last month, understated his...

Events

3 h. ago Hong Kong environment chief rejects relaxed quarantine rules for imported pets

Hong Kong’s environment chief has ruled out flexible quarantine arrangements, including at home, for imported cats and dogs, but will consider extending hours and increasing the number of checkpoints for pet transport from mainland China. Secretary for Environment and Ecology Tse Chin-wan told a Legislative Council meeting on Wednesday that existing quarantine facilities are sufficient for imported pets, adding that the government would not consider altering the quarantine method for now due to...

Politics

3 h. ago Hong Kong shouldn’t let lack of space hold up Guangdong driver scheme: minister

Hong Kong should not be held back by a lack of land or parking spaces in pushing ahead with a plan to let Guangdong province residents drive to the city, the transport minister has said, as she reiterated that the scheme would be rolled out with strict controls. Secretary for Transport and Logistics Mable Chan told lawmakers on Wednesday that the government was working with mainland Chinese authorities to implement the scheme and had ruled out the need to establish separate restricted zones or...

Politics

4 h. ago Beijing slams Washington for supporting jailed Hong Kong activist Joshua Wong

China’s foreign ministry arm in Hong Kong on Wednesday voiced its disapproval of the United States’ “blatant support” of jailed activist Joshua Wong Chi-fung, while accusing Washington of smearing police’s enforcement actions. Last Friday, Hong Kong national security police levelled a fresh charge against Joshua Wong Chi-fung, accusing him of conspiring with fugitive ex-lawmaker Nathan Law Kwun-chung to collude with foreign forces five years ago. A US Department of State spokesman strongly...

Events

4 h. ago Hong Kong’s top court dismisses domestic helper’s forced labour challenge

Hong Kong’s top court has dismissed a judicial review of a foreign domestic helper who argued police had failed to properly investigate her complaint against her employer due to the absence of specific legislation against forced labour. The Court of Final Appeal on Wednesday, in upholding a ruling last year by the Court of Appeal, found that the city’s lack of bespoke legislation for forced labour was not necessary to provide “practical and effective” protection of the Filipina helper’s...

Events

4 h. ago Hong Kong student spared jail for faking exam results via beauty app Meitu

A Hong Kong student has been spared prison time over her attempt to secure a university placement with bogus entrance exam results edited by Chinese beauty filter app Meitu, with the presiding magistrate accepting the crime was a lapse in judgment. Ng Tsz-ying, 22, was sentenced to a 12-month probation order at Fanling Court on Wednesday for submitting a fake copy of her certificate in the Diploma of Secondary Education examination to the Education University of Hong Kong last year. Last month,...

Events

5 h. ago How Hong Kong’s pilot disease scheme can help save HK$2.7 billion in expenses

An ongoing pilot scheme for chronic disease screening could help save HK$2.7 billion (US$344 million) in medical expenses if 200,000 people join, Hong Kong authorities have said, with hepatitis B set to be included later. The Health Bureau said on Tuesday that the project would turn into a co-care “platform” and cover more diseases after the end of the three-year pilot arrangement. The Chronic Disease Co-Care Pilot Scheme was launched in November 2023. According to a paper submitted by the...

Economics

5 h. ago Hong Kong court jails couple for life over abuse, murder of newborn son

A couple has been jailed for life in Hong Kong over what a judge called the “completely disgraceful” abuse and murder of their newborn son six years ago. The High Court on Wednesday sentenced Hong Kong residents Imran Hossain, 32, and Farzana Akter, 29, over the father and mother’s mistreatment and killing of their seven-week-old baby, Iyman Hossain, in 2019. A day earlier, a seven-member jury returned a unanimous verdict to convict the pair of murder and child cruelty in a case that hinged on...

Events

5 h. ago Hong Kong court jails couple for life for murdering, abusing newborn son

A couple has been jailed for life in Hong Kong over what a judge called the “completely disgraceful” abuse and murder of their newborn son six years ago. The High Court on Wednesday sentenced Hong Kong residents Imran Hossain, 32, and Farzana Akter, 29, for mistreating and killing their seven-week-old baby, Iyman Hossain, in 2019. A day earlier, a seven-member jury returned a unanimous verdict to convict the pair of murder and child cruelty in a case that hinged on circumstantial evidence due to...

Events

6 h. ago Game on for Hong Kong economy as Kai Tak Stadium proves to be a roaring success

Hong Kong should capitalise on the success of the Asian Cup qualifier at Kai Tak Stadium on Tuesday night by maximising the potential of the venue and engagement with business sectors to boost the economy, according to analysts. A total of 42,570 football fans witnessed Hong Kong’s 1-0 victory over India, packing the stands with a sea of red and roaring chants as the team hosted an international match for the first time at the new stadium. Vincent Cheng Wing-shun, vice-chairman of the major...

Sport

8 h. ago Top US envoy in Hong Kong may be headed for senior role in Beijing embassy

The top US diplomat in Hong Kong is likely to be heading north to take up a leading role in the United States’ Beijing embassy, the South China Morning Post has learned. Gregory May, who arrived to serve as the US consul general for Hong Kong and Macau in September 2022, is tipped to be a top candidate for a ministerial role in the US embassy in Beijing, according to sources. It is a critical time in the relationship as Beijing and Washington engage in a series of high-stakes talks to manage...

Politics

8 h. ago Exclusive | Top US envoy in Hong Kong may be headed for senior role in Beijing embassy

Exclusive | Top US envoy in Hong Kong may be headed for senior role in Beijing embassy  South China Morning Post

Politics

8 h. ago Hong Kong girl, 17, rescued from fire likely caused by power bank

A 17-year-old Hong Kong girl was rescued on Wednesday after a fire, believed to have been caused by a power bank, broke out in a flat in Tsuen Wan. Fire Services received a report at 7.59am that smoke had been seen coming out from the flat at Hoi Kwai Mansion of Riviera Gardens. Firefighters then broke into the flat and saved the girl, who was sent to Yan Chai Hospital in Tsuen Wan for smoke inhalation. The Fire Services Department said the fire, suspected to have been triggered by a power bank,...

Events

9 h. ago Mobile game advocating Hong Kong independence disappears from Apple’s App Store

A mobile game application banned for advocating Hong Kong and Taiwan independence can no longer be found on Apple’s App Store, according to checks by the Post, following its earlier removal from the Google Play Store. Reversed Front: Bonfire, a war-themed game developed by ESC Taiwan and launched in April, did not appear in search results on Wednesday, despite being available for download on the store the previous day. On Tuesday evening, Hong Kong police warned residents against downloading the...

Events

9 h. ago Haitian eyes US$1.22 billion Hong Kong IPO, one of the year’s largest

Foshan Haitian Flavouring and Food Company, the largest listed condiment producer in mainland China, is seeking to raise up to HK$9.56 billion (US$1.22 billion) in Hong Kong, marking one of the city’s largest initial public offerings (IPOs) this year and giving a boost to its status as a world-leading fundraising hub. The company is offering 263.2 million H shares at a maximum price of HK$36.30 each, with the final offer price to be determined on or before June 17, Haitian said in a statement to...

Economics

10 h. ago T1 warning to remain in force as tropical depression brings rain to Hong Kong

This story has been made freely available as a public service to our readers. Please consider supporting SCMP’s journalism by subscribing. New users who download our updated app get a seven-day free trial. The No 1 typhoon warning signal issued in the early hours of Wednesday will remain in effect throughout the day, the Hong Kong Observatory has said, as showers hit the city. The weather forecaster issued the standby signal at 12.40am and said it would assess whether to raise it to No 3 in the...

Events