business
Hong Kong’s Foreign Correspondents’ Club (FCC) has said it was “deeply concerned” to learn that the head of the Hong Kong Journalists Association Selina Cheng had been fired by American newspaper The Wall Street Journal, weeks after being elected as chair of the city’s largest press union. “The FCC has reached out to The Wall Street Journal for comment and to ask why Ms Cheng’s employment was terminated,” the foreign press club said in a statement issued on Thursday morning. “We urge The Wall Street Journal and all news organisations to respect reporters’ rights to join press clubs and to advo...
Hong Kong Free Press
Hong Kong logged 3.13 million visitor arrivals in June, according to provisional figures from the Hong Kong Tourism Board (HKTB), 14 per cent more than in the same period last year when the city was emerging from three years of Covid-related isolation. However, arrival figures remained well below pre-pandemic figures. In June 2018, Hong Kong saw 4.74 million arrivals, and 5.14 million visitor arrivals were recorded in 2019. Last month’s total represented a decline of 34 per cent from 2018 and 39 per cent from 2019. Over 21 million visitors arrived in Hong Kong in the first six months of the ye...
Hong Kong Free Press
Hong Kong leader John Lee has said economic growth will be the focus of his third Policy Address after the enactment of a homegrown security law in March laid the groundwork for the city’s stability. Speaking during a regular press conference on Tuesday, Lee said the government would organise more than 40 consultation hearings including two on-the-ground meetings with residents ahead of the annual policy address, expected to be delivered in October. “As the government has completed [legislating] safeguarding national security and governance at the district level, we are confident in the overal...
Hong Kong Free Press
Hong Kong will launch taxi fleets, a regulatory new regime designed to enhance taxi services, by the end of the year, the city’s transport chief has said. Secretary for Transport and Logistics Lam Sai-hung told Commercial Radio on Sunday that the government had received 15 applications for five taxi fleet licences. Licences would be issued by the end of July, he added, with licenced fleets expected to begin providing services by the end of the year. The government rolled out a series of steps to reform taxi services last July after the industry met with increasing criticism. New measures inclu...
Hong Kong Free Press
Hong Kong youth and culture magazine Breakazine has announced that it will stop publishing from early 2025, ending its 16-year history. In a statement published on Facebook on Thursday afternoon, the magazine said it had been increasingly hard to operate in recent years as production costs rose and people’s reading habits changed. “To better accommodate the needs of Hong Kong’s youth, after careful consideration our editorial team felt we needed more space to adjust our deployment,” the Chinese post read. “We’ve decided that Breakazine will stop publishing in April 2025.” Founded in 2009 by no...
Hong Kong Free Press
Months of poor business forced Hongkonger Emma and her husband Wai to close one of their Japanese omakase restaurants in February, despite its prime location in Causeway Bay. With their lease not yet expired, the pair swiftly transitioned to fast-food-style chicken chops costing less than HK$100 per meal. The up-market omakase – typically priced around HK$1,000 per person – just could no longer generate enough income, they told HKFP. The bold move may have saved them from joining a wave of shops and restaurants which have closed down in recent months. Shutters and rental posters have become hi...
Hong Kong Free Press
Over 30 students were found to have used forged degree credentials and other documents to enrol in master’s programmes at the University of Hong Kong (HKU) Business School. In a statement sent to HKFP on Friday, HKU Business School said it had in May launched a probe into the credentials of all students currently enrolled in master’s programmes after finding out that some had hired agents to produce fake documents to secure admission. The school said the police had started investigating the incidents, but as the agents involved in the forgeries were believed to be located in mainland China and...
Hong Kong Free Press
Three applications under Hong Kong’s new investment visa scheme have been approved, the government has announced, without disclosing where the applicants came from. Invest Hong Kong (InvestHK), a government department focused on foreign direct investment, said on Wednesday that a total of 390 applications had been received from March 1 to June 30. Among them, three have been officially approved after the applicant made the required investment of at least HK$30 million, InvestHK said. When asked which countries the three applicants were residents of, InvestHK told local media outlets on Thursda...
Hong Kong Free Press
The Hong Kong government’s investment promotion body has assisted more than 300 firms from mainland China and overseas to set up or expand their business in Hong Kong in the first half of 2024. A total of 322 companies were facilitated by Invest Hong Kong (InvestHK) between January and June to develop business in the city, the government department responsible for foreign direct investment said in a statement on Tuesday. Despite the number of companies representing a year-on-year increase of 43 per cent, the HK$38.3 billion total investment brought to the city’s economy represented a rise of o...
Hong Kong Free Press
An increase to the duty-free allowance for people entering mainland China from Hong Kong is expected to generate at least HK$2.7 billion for the city’s economy, the government has said. “I am very grateful for the care of the central government and the introduction of various measures to promote Hong Kong’s economy,” the city’s leader John Lee said in a statement released on Friday morning, saying the higher duty-free limit showed Beijing’s support for Hong Kong. “The new measure will enhance the shopping experience for mainland resident visitors in Hong Kong and allow them greater flexibility...
Hong Kong Free Press
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