Saturday, October 20, 2018

Hong Kong scraps sale of The Peak land plot after bids...

A luxury residential site on The Peak has been withdrawn from sale for the first time since 2016, a sign that developers are increasingly cautious about the Hong Kong market outlook as a sliding stock market, rising interest rates and the escalating US-China trade war threaten to further dampen buying interest. The Lands Department announced…

Politics

Business

FS lauds Policy Address

FS lauds Policy Address

The 2018 Policy Address has widely met community needs and shows the Government’s determination in developing the economy and improving people’s livelihood, Financial Secretary Paul Chan said.  He was speaking to the media today after Chief Executive Carrie Lam delivered her Policy Address at the Legislative Council. Mr Chan said he will manage financial resources to facilitate the…
FS concludes Papua New Guinea trip

FS concludes Papua New Guinea trip

Financial Secretary Paul Chan concluded his visit to Papua New Guinea and left for Hong Kong via Brisbane today. In Port Moresby, Mr Chan called on Papua New Guinea’s Deputy Prime Minister and Minister for Treasury Charles Abel. He gave Mr Abel a brief introduction of Hong Kong's business environment, and the latest developments on…
FS promotes HK at APEC meeting

FS promotes HK at APEC meeting

Financial Secretary Paul Chan attended the Asia-Pacific Economic Cooperation (APEC) Finance Ministers' Meeting in Port Moresby, Papua New Guinea to promote Hong Kong today. This year’s meeting focused on a range of topics, including the global and regional economic and financial outlook, the promotion of infrastructure financing, as well as strengthening international tax co-operation and…
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Hong Kong takes 7th place for global competitiveness but lags Singapore in 2018 World Economic Forum study

Hong Kong takes 7th place for global competitiveness but lags Singapore in 2018 World...

Hong Kong has outperformed Singapore in entrepreneurship but fallen short in innovation by taking seventh place in a study of global competitiveness by the World Economic Forum. The Geneva-based institution placed the Lion City in second and the United States No 1 in the 2018 edition of its Global Competitiveness Report released on Wednesday. The…
Artificial islands funding to be sought in 2019 as Hong Kong officials press ahead with ‘Lantau Tomorrow Vision’

Artificial islands funding to be sought in 2019 as Hong Kong officials press ahead...

Hong Kong’s development minister on Thursday said officials would seek funding from the legislature early next year for studies into 1,700 hectares of artificial islands to be built east of Lantau over the next three decades. Michael Wong Wai-lun said research would focus on the first stage of the plan – reclamation of 1,000 hectares…
Once again someone in China dresses up as a Japanese wartime soldier. Once again it ends badly

Once again someone in China dresses up as a Japanese wartime soldier. Once again...

Police in eastern China have detained a man for organising a parade of people dressed as Japanese imperial soldiers, the latest in a string of similar incidents. Police in Lianyungang, a city in Jiangsu province, received a call on Sunday from people who had spotted the parade, according to the official Weibo account of the…
Hong Kong journalist group urges local media chiefs to explain why reports carrying controversial remarks were removed

Hong Kong journalist group urges local media chiefs to explain why reports carrying controversial...

The Hong Kong Journalists Association has urged three news outlets as well as a group of local media chiefs visiting Beijing to explain the “highly unusual” retraction of multiple reports that included a controversial remark attributed to China’s top propaganda official. The organisation’s chairman, citing concerns over self-censorship in the local media, said on Wednesday…

Diplomacy & Defence

Companies stock up, delay payments as they brace for more US-China trade war pain

Companies stock up, delay payments as they brace for more US-China trade war pain

Both Chinese and American companies are bracing for a possible escalation in the trade war by stocking up on inventory and delaying payments, according to business executives. Speaking on condition of anonymity, the executives said they expected trade tensions to continue rising and that companies were trying to offset the impact of higher costs brought…
South Korea and China relations warming but chilly restrictions remain

South Korea and China relations warming but chilly restrictions remain

South Korean businesses in China are still feeling the chill of restrictions imposed by Beijing nearly a year after a diplomatic thaw in relations between the two Asian neighbours. While official exchanges between China and South Korea have steadily resumed, deep suspicions remain after last year’s diplomatic row over a US-backed anti-missile system deployed by…
‘US could sell its aircraft carriers to China to cut deficit’ – Beijing rebukes ‘tired’ Mike Pence

‘US could sell its aircraft carriers to China to cut deficit’ – Beijing rebukes...

Chinese state media rolled out a slew of combative opinion pieces in response to US Vice-President Mike Pence’s accusations against Beijing last week, as rhetoric intensifies in the widening strategic conflict between the powers. A signed commentary from People’s Daily, the Communist Party’s mouthpiece, attacked Pence for remarks he made last Thursday at the Hudson…