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Financial challenges facing China's developers, a multistorey luxury residential building in Hong Kong's upscale Repulse Bay neighbour hoodhas been offered as collateral for a loan, even before construction is completed.
Hong Kong officials have cleared that individuals collaborating with foreign institutions will not be adversely affected by the proposed external interference offence in the upcoming domestic national security law of the city.
Hong Kong's renewed attempt to pass home-grown national security legislation ignited controversy, retaining some colonial-era crimes, considered "rather wide" and potential violations of civil rights conventions, from over 20 years ago.
Hong Kong court issues guilty verdicts in 2019 pro-democracy rioting case that saw the Legislative Council building in the financial center being stormed.
While the consultation document assures that freedom will be safeguarded and the laws will meet international standards, it raises concerns about increasing threats from foreign espionage and intelligence operations. The document points to the pro-democracy protests in 2019 as evidence of potential risks to national security.
Visitors, particularly those from mainland China, have long expressed frustration over the limited acceptance of digital wallets and QR payments. The ubiquitous Octopus card, a stored value card widely used in Hong Kong for public transportation and retail transactions, remains deeply ingrained in the city's payment culture.
The UK urged China to halt the persecution and arbitrary detention of Uyghurs and Tibetans, emphasizing the importance of freedom of religion, and cultural expression, and the prevention of surveillance, torture, forced labour, and sexual violence.
In a triumphant close to the year, Japan welcomed a record 2.73 million visitors in December, signalling a robust recovery from the challenges posed by COVID-19 throughout the year.
Asian shares fell on Tuesday, with Hong Kong's benchmark down nearly 2%, as concerns over Chinese markets contributed to heavy selling.
At Davos, Hong Kong's finance minister engages in strategic talks with his Saudi counterpart, fostering ties and urging Arab companies to explore opportunities in the vibrant Asian markets. The dialogue underscores the global economic collaboration taking centre stage at this prestigious forum.
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