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Economics

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Economics / Hong Kong

Can a new financing plan get Hong Kong’s cash-strapped West Kowloon arts hub back on track?

‘West Kowloon Cultural District Authority gets green light to sell residential development in arts hub’s second zone to replenish finances’ ‘The authority behind Hong Kong’s premier arts hub has received approval to sell some of its land and topped up its bank facility to HK$5 billion (US$640 million) to avert a potential financial crisis.’ ‘The […]

Jul 19, 2024

Economics / Hong Kong / United States

Hong Kong slams US politicians’ ‘despicable’ call for sanctions on city officials

‘Hong Kong has rebuked a call by US politicians for sanctions against city officials over passing the domestic national security law and convicting more than 40 opposition figures of subversion for their roles in a 2020 unofficial legislative “primary” election.’ ‘A government spokesman said on Thursday night the “sanctions” mentioned in the politicians’ letter “smacked […]

Jul 19, 2024

Economics / Hong Kong

Hong Kong can use ‘panda economy’ to drum up business amid arrival of 2 new bears: minister

‘Tourism minister Kevin Yeung says city officials to also discuss residents renaming pandas, after saying bears already have names’ ‘Hong Kong can promote a “panda economy” with the arrival of a new pair of bears before October, the tourism minister has said, pointing to the catering and retail sectors as among the potential beneficiaries of […]

Jul 19, 2024