The Chinese Ministry of Commerce has cautioned Hong Kong’s CK Hutchison Holdings to maintain “a clear understanding” of the situation and “act with prudence” after Li Ka-shing’s conglomerate pledged earlier this week that its Panama port sale would not violate any laws. A ministry spokeswoman made the remarks on Thursday after the conglomerate issued a … Read more
Hong Kong authorities have met with three universities competing to establish the city’s third medical school, with a minister co-chairing the task force pledging its assessments will be completed by the end of the year. Members of the government’s Task Group on New Medical School met with representatives from Baptist University, Polytechnic University and the … Read more
Hong Kong’s Tsim Sha Tsui district commanded the most expensive rental fees among the world’s retail markets last year, as luxury brands from Cartier and Dior to Tiffany kept their flagship stores running on the Kowloon peninsula, according to Savills. Prime retail rent in TST, as the area is called, was £17,132 (US$22,976) per square … Read more
Hong Kong’s Super March campaign brought in 12 per cent more visitors so far this month and filled more tourist beds, the finance chief has said, noting that some overseas VIPs had observed that the city had recovered its vibrancy and vitality from the old days. Financial Secretary Paul Chan Mo-po said in his weekly … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Hong Kong has long been the world’s busiest air cargo hub, handling more than 4.3mn tonnes of cargo last year. The city’s airport plays a critical role in the global supply chain, connecting China’s industrial … Read more