1 hour ago Standard Chartered sees affluent clients putting more money to work in Hong Kong

Wealthy people are increasingly drawn to structured products and diversified investments in light of market uncertainty, according to Standard Chartered Bank’s Eliza Law, who sees affluent clients putting more money to work in Hong Kong. “Our clients’ interest in investing has grown,” Law, managing director and head of affluent segment and distribution, wealth and retail banking at Standard Chartered Hong Kong, said in a briefing on Thursday. “They are keen to enhance their investment knowledge...

Economics

9 h. ago Hong Kong man scammed out of HK$4,900 trying to buy Blackpink tickets

A 25-year-old Hong Kong man was scammed out of HK$4,900 (US$624) when trying to buy two tickets for Blackpink’s pair of concerts in the city next year, as police received 200 reports related to online shopping scams in the past week. The victims in those cases were cheated out of HK$5.5 million in total, according to the force’s CyberDefender anti-scam Facebook page that posted an advisory on Saturday warning residents to be vigilant when making purchases online. Of the recent reports, 14 were...

Economics

13 h. ago Hong Kong teens held over swindling elderly woman out of HK$50,000 in phone scam

Hong Kong police have arrested a 16-year-old girl and an 18-year-old man on suspicion of swindling an 85-year-old woman out of HK$50,000 (US$6,369) by pretending to be her daughter and claiming to require bail money. The force said on Sunday the victim reported the incident on Friday. After receiving a call from someone who said she was her daughter and in police custody, the elderly woman followed instructions and handed over HK$50,000 in cash to a man at a prearranged location. She only...

Politics

14 h. ago Hong Kong police start issuing digital parking fines, but some drivers puzzled

Hong Kong police have begun issuing electronic fines for parking and traffic offences, with some drivers calling for increased publicity over the measure and a longer transition period. The digital system began operation on Sunday, allowing penalty tickets to be delivered via SMS or email. Drivers can review the fines on a new website and mobile app. The force said printed copies of the tickets would still be used initially as drivers became familiar with the digital initiative. The Transport...

Events

14 h. ago How a ‘Harvard International’ could boost Hong Kong as an education hub

Chief Executive John Lee Ka-chiu has invited international students worried about finishing their courses at Harvard University in the US to continue their studies at one of Hong Kong’s universities. Other universities in Malaysia and Japan have put forward similar suggestions. This comes as Hong Kong is considering how to make best use of the part of the Northern Metropolis reserved for universities to bolster its role as an education hub. That site is at the heart of our future technology...

Politics

15 h. ago Hong Kong puts construction of 8,300 homes on hold in Fanling

Hong Kong’s housing authorities have suspended a key public residential development in a northern town consisting of 8,300 homes due to the suspected high costs of building the flats on deep rock strata, according to a lawmaker. The suspension of the development, including its site formation and infrastructure works, in Fanling came to light on Sunday in a document the Housing Department and the Civil Engineering and Development Department submitted to the North District Council, a day before a...

Society

15 h. ago Future of 8,300 public flats in northern Hong Kong uncertain as work put on hold

Hong Kong’s housing authorities have suspended a 8,300 public flat development in a northern town due to the suspected high costs of building on deep rock strata, a move lawmakers said showed serious failure at the initial planning stage. The legislators urged authorities on Sunday to invest more resources in land exploration to avoid such unexpected disruptions to housing goals that would only leave the public disappointed. The suspension of the development, including its site formation and...

Politics

15 h. ago New stablecoin law to enhance Hong Kong’s financial appeal to global issuers: Chan

The expected increase in market demand for stablecoins will encourage licensed institutions overseas to issue such cryptocurrencies in Hong Kong, boosting competitiveness, according to the city’s financial chief as it prepares for its regulatory regime to take effect in August. In his weekly blog on Sunday, Financial Secretary Paul Chan Mo-po said that the city market value of stablecoins globally was estimated at around US$240 billion, with trading volume exceeding US$20 trillion last...

Politics

16 h. ago Hong Kong Mulls Whether Beijing Should Handle Collusion Case

Hong Kong Mulls Whether Beijing Should Handle Collusion Case  Bloomberg.com

Politics

17 h. ago Hong Kong trade body plans 2026 conference to entice Gulf states

The Hong Kong Trade Development Council (HKTDC) plans to host a conference next year to foster collaboration with Gulf states, the body’s new head has said, adding that US President Donald Trump’s unpredictable policies could result in further changes to its export projections. Frederick Ma Si-hang, who took office on June 1, also said on Sunday that the council was exploring the feasibility of organising exhibitions at government venues to address an ongoing shortage of event spaces. On the...

Politics

19 h. ago Hong Kong’s John Lee marks Father’s Day by sharing picture of grandson

Hong Kong Chief Executive John Lee Ka-chiu marked Father’s Day this year by sharing a photo on social media of himself with his grandson. Lee’s photo shows the city leader wearing a cap and a polo shirt as he warmly greets his grandson and has the caption: “From father to father’s father, paying tribute to fathers all over the world”. He said on Sunday that he enjoyed spending time with his grandson, especially cherishing talking to and playing with him. Lee spoke about reading fables to his...

Politics

19 h. ago Grand relaunch of Hong Kong club marred by police raid, money laundering arrest

The grand relaunch of a famous Hong Kong nightclub on Saturday night was marred by a police raid that saw at least one person arrested on suspicion of money laundering. Police and Food and Environmental Hygiene Department officers raided Big Boss Generation (BBG) in Tsim Sha Tsui at around 10pm that night, just hours after the club opened. Photos from the scene showed dozens of uniformed officers entering the club and inspecting customers and staff. The force also arrested a local man on...

Events

19 h. ago Grand relaunch of Hong Kong nightclub marred by police raid, arrest

The grand relaunch of a famous Hong Kong nightclub on Saturday night was marred by a police raid that saw at least one person arrested on suspicion of money laundering. Police and Food and Environmental Hygiene Department officers raided Big Boss Generation (BBG) in Tsim Sha Tsui at around 10pm that night, just hours after the club opened. Photos from the scene showed dozens of uniformed officers entering the club and inspecting customers and staff. The force also arrested a man on suspicion of...

Events

20 h. ago Hong Kong wants an ecotourism boom, but can its parks handle more visitors?

Amy Zhang is dressed in full sportswear, with sunglasses and a lightweight hiking backpack. She is one of many visiting Hong Kong’s Dragon’s Back following the social media craze in mainland China over “in-depth travels” in the city. “The beautiful merging horizon and skyline make good photos for my friend circle on WeChat and RedNote,” the 30-year-old education worker from Hunan province said, referring to her networks on the Chinese social media platforms. “I only wish for better toilets...

Politics

21 h. ago Tropical Storm Wutip: Hong Kong’s T3 signal to stay in place for early afternoon

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. A No 3 typhoon warning will remain in force in Hong Kong throughout the early afternoon on Sunday, with local winds expected to ease slightly later in the day, the city’s forecaster has said. The Hong Kong Observatory said that Tropical Storm Wutip continued to weaken and move over inland...

Events

21 h. ago Wutip: Hong Kong’s T3 could be replaced by strong monsoon signal in afternoon

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. A No 3 typhoon warning in Hong Kong could be lowered and replaced by a strong monsoon signal on Sunday afternoon, as Tropical Storm Wutip continues to weaken and move away from the city, the local forecaster has said. The Hong Kong Observatory said that the storm was expected to further weaken...

Politics

21 h. ago Wutip: Hong Kong cancels all typhoon signals on Sunday afternoon

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 Hong Kong Observatory cancelled all typhoon signals on Sunday afternoon, as Tropical Depression Wutip gradually weakened and continued to move away from the city. The forecaster cancelled the No 3 signal at 3.40pm on Sunday, after the No 1 signal first went up on Wednesday. “In the past...

Politics

21 h. ago Hong Kong’s rent surge hits mainland students and professionals

Wang Ruoshuo, a 21-year-old student from Hefei, the capital of central Anhui province, is searching for a flat in Hung Hom in southern Kowloon, which is close to her university and the company where she interns. As a first-time renter, however, she has been taken aback by the high prices. Wang and her friends are looking for a two-bedroom unit, budgeting about HK$7,000 to HK$8,000 (US$892 to US$1,019) per person. “But when we began our search, we found that properties meeting our criteria would...

Society

22 h. ago The Hong Kong dads breaking tradition to build ‘unforgettable’ bonds with kids

Younger generations of Hong Kong dads are increasingly eager to engage more with their children, but often face challenges due to limited time and parenting skills, an NGO has said ahead of Father’s Day on Sunday. Allen Ha Wing-on, co-founder of the DADs Network, said that traditional expectations and busy schedules posed obstacles for local fathers. “Traditionally, not just in Asia, fathers are expected to provide financially, but are not necessarily very engaged relationally,” said the father...

Politics

22 h. ago Hong Kong virtual insurer OneDegree seeks greater Middle East growth

Hong Kong virtual insurer OneDegree is gaining ground in the Middle East and has signed 20 contracts since entering the region in 2023, according to one of its founders. In an interview on June 6, Alvin Kwock Yin-lun said the nine-year-old company was looking for additional growth in the Middle East. It has insured the digital assets of 20 out of the 34 companies licensed by Dubai’s Virtual Assets Regulatory Authority, which includes digital asset exchanges and providers of trading and custody...

Politics