Hong Kong Manages Money Only for the Very Rich

(Bloomberg Opinion) — Hong Kong is branding itself as a global wealth-management hub. The government doesn’t levy any capital gain. It’s offering generous tax breaks to family offices that want to set up in the city. Recently, Wealth Management Connect, a program that allows mainland Chinese in Guangdong province to the north to invest directly …

Read more

Man Falls Out Of Truck At Hong Kong Airport, Dies After Being Hit By Plane

He was pronounced dead at the scene. Hong Kong: A Hong Kong airport ground worker was killed when he was hit by a towed aircraft on Tuesday, authorities said, a rare incident that prompted an arrest for dangerous driving. The unnamed victim, a 34-year-old Jordanian national working in Hong Kong, is believed to have been …

Read more

Five reasons why India stocks are rallying and could keep going

Beautiful and colorful aerial view of Mumbai skyline during twilight seen from Currey Road, on February 16, 2022 in Mumbai, India. Pratik Chorge | Hindustan Times | Getty Images Optimism about India’s growth prospects, increased liquidity and greater domestic participation have all contributed to the surge in stock markets. In fact, India’s stock market value …

Read more

Hong Kong’s 1st “Patriots Only” Elections Record Lowest-Ever Turnout

The voting day stretched to midnight after a rare 90-minute extension. Hong Kong, China: Hong Kong’s first “patriots only” district council elections saw a turnout of 27.5 per cent, the government said Monday, a record-low number for a race that had shut out all opposition candidates. The city last held district council elections at the …

Read more

Fears Of Bedbug Invasion Sparks Panic Buying Of Insecticides In Hong Kong

An expert said infestations of the insects could be avoided with good hygiene People in Hong Kong have started panic-buying insect killers and hiring pest control services as fears over bedbugs in the city grow, South China Morning Post reported. Last week, a photo was widely circulated online in which bedbugs were seen on an …

Read more

While Hong Kong Remains Optimistic about Crypto, Its Banks Adopt a More Cautious Stance.

Even in Hong Kong, where government officials and regulators have made efforts to attract crypto business, there is still hesitancy among banks. Although cryptocurrency trading bans for small investors have been lifted and a new licensing regime for crypto exchanges has been implemented, banks remain cautious. According to bankers, at least two global banks with …

Read more