SF Holding, China’s largest courier, announced plans on Thursday to raise more than HK$5.9 billion (US$752 million) through a new share placement in Hong Kong and the issuance of convertible bonds. Proceeds from the HK$2.9505 billion equity placement and HK$2.95 billion in zero-coupon one-year convertible bonds would be used for the firm’s international and cross-border
A loan shark syndicate in Hong Kong recruited young people through chat groups to vandalise debtors’ homes with red paint and paid them up to HK$1,000 (US$127) per job, police have said as they arrested 22 people, including key members of the criminal group and four teenagers, on suspicion of illegal lending and intimidation. In
Hong Kong Cantopop boy band Mirror is navigating a challenging landscape after its meteoric rise to fame a few years ago, with its members now forced to compete with all types of online entertainment and the local showbiz scene grappling with broader headwinds, market observers have said. They also said that, despite immense public expectations,
The Hong Kong government issued the “Policy Statement 2.0” on Thursday for the Development of Digital Assets in the region. This policy statement builds upon the foundational measures outlined in the initial policy statement released in October 2022. The new policy aims to establish Hong Kong as a global hub for digital assets innovation, with
Hong Kong will start reviewing and approving drugs independently in phases next year, while the city’s regulatory agency is set to begin operation by the end of 2026, health authorities have announced, with more new medications expected to hit the local market. The Department of Health on Thursday revealed its plan to set up its
Hong Kong’s lived-in home prices posted a small gain for the second straight month in May, according to official data, fortifying hopes of a sustained recovery in the city’s property market. An official index measuring secondary home prices inched up by 0.03 per cent in May from a month earlier, the Rating and Valuation Department
Second policy statement on development of digital assets issued to scale Hong Kong to new heights of global digital asset leadership The Government today (June 26) issued the Policy Statement 2.0 on the Development of Digital Assets in Hong Kong, reinforcing its commitment to establishing Hong Kong as a global hub for innovation in the
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. One of Hong Kong’s biggest property developers is in talks to refinance billions of dollars in bank loans following years of ambitious debt-fuelled expansion, adding to pressures in the Chinese territory’s struggling real estate market.
