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South China Morning Post - Hong Kong

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Website title: International Edition | South China Morning Post

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Hong Kong exporters and exhibitors face fallout from US-Israel strikes on Iran
Adverse impacts from the US-Israel strikes on Iran unfolded on Monday, disrupting supply chains, driving up oil prices and leaving many Middle East business leaders at a major trade fair in Hong Kong in an awkward position. As the strikes entered a third day, oil prices surged 13 per cent – the biggest rise in four years – briefly climbing above US$80 a barrel. Freight costs als...

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Hong Kong to expand tax exemptions for family offices, AIIB and pension fund investment
Hong Kong will expand its tax exemptions for operators of family offices and funds set up by international organisations, such as the Asian Infrastructure Investment Bank (AIIB), in line with efforts to promote the city as a wealth management hub, a minister told lawmakers on Monday. In a financial affairs panel meeting, Secretary for Financial Services and the Treasury, Christo...

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Rainy Tuesday expected in Hong Kong, with temperatures dipping to 16 degrees Celsius
This story has been made freely available as a public service to our readers. Please consider supporting SCMP’s journalism by subscribing. Hongkongers should brace for cooler and rainy weather on Tuesday as temperatures are expected to drop progressively to as low as 16 degrees Celsius (61 Fahrenheit) as a cold front approaches, according to the city’s weather forecaster. The Ho...

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Hong Kong’s new cash-for-residency scheme draws US$12 billion in first 2 years
Hong Kong’s cash-for-residency scheme has attracted about HK$95 billion (US$12 billion) from more than 1,700 investors over the past two years, with around two-thirds of the approved capital channelled into authorised funds and equities, the latest figures from InvestHK show. The government’s investment promotion arm on Monday released the figures for the New Capital Investment ...

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6 injured in vessel explosion at Hong Kong’s Stonecutters Island
Six men have been injured in an explosion involving a vessel moored at Stonecutters Island in Hong Kong. According to police, the incident occurred at about 10.35am on Monday. Emergency personnel arrived at the scene, where all six people were taken from the vessel to Princess Margaret Hospital, sources said. The insiders added that the vessel’s engine was suspected to be behind...

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