Hong Kong authorities will strive to create a conducive environment for the wide-ranging application of stablecoins in a bid to provide practical help for businesses to resolve cross-border payment issues, the city’s finance chief has said. Financial Secretary Paul Chan Mo-po on Sunday reaffirmed the government’s efforts in applying fintech to resolve long-standing “pain points”
Golden Harvest shut down all four of its remaining cinemas in Hong Kong on Sunday, including one that will not be leased to a new operator, leaving residents disappointed by the loss of another venue. GH Galaxy in Shau Kei Wan ceased operations, while Golden Harvest’s other three cinemas, Sky at Olympian City, StagE in
One of Hong Kong’s last remaining opposition parties has officially disbanded, its leader announced Sunday, citing “immense political pressure” as Beijing presses on with its years-long crackdown on dissent. The League of Social Democrats (LSD), founded in 2006, championed democratisation and grassroots issues in Hong Kong’s legislature and on the streets. It is the latest
A 28-year-old finance worker has been arrested at Hong Kong International Airport after flying in from Canada, following the detection of narcotics with an estimated street value of HK$12 million (US$1.5 million) in her luggage. The Hong Kong resident, who arrived from Vancouver, was intercepted by police on Saturday, and her carry-on suitcases were examined,
Thousands of Hong Kong fans of the hugely popular Japanese anime and manga series Chiikawa lined up for a merchandise giveaway in the run-up to a summer exhibition featuring the characters that are expected to draw local and foreign visitors alike. Fans queued at Austin MTR station and other locations on Sunday afternoon to collect
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Against the odds, Hong Kong is back challenging for the top of the listing league tables this year. That’s a sharp reversal from the stalled pipeline and investor exodus of just two years ago. It
This week marks the third anniversary of John Lee Ka-chiu taking up the office of chief executive, with just two years to go in the current term. I wonder if we are getting close to a sensible resolution of Hong Kong’s taxi/hired car situation. Though I am an optimist, on the basis of past form,
Hong Kong’s opposition League of Social Democrats on Sunday cited “immense political pressure” and “safety” of its members in folding the party months before its 20th anniversary. “We sadly announce that facing immense political pressure, and having considered all factors, especially the safety of our members and those who walk with us, we can only
