Hong Kong economy set for continued growth in second quarter, Paul Chan says Hong Kong’s economy is set for continued growth in the second quarter, the finance minister has said, as the government vows to step up measures to promote retraining, encourage technology upgrades and support employment. Financial Secretary Paul Chan Mo-po said on Sunday that the 10th consecutive quarter of year-on-year growth was driven by strong exports, a rebound in private consumption and a series of mega-events held in the city. The gross domestic product (GDP) figure is due to be revealed... image
South China Morning Post
Hong Kong economy set for continued growth in second quarter, Paul Chan says
Financial secretary says strong exports, a rebound in private consumption and series of mega-events have fuelled ‘upward momentum’.
Australian battery scientist Guo Zaiping joins CityU as energy material chair World leading Chinese scientist Guo Zaiping, who specialises in the field of batteries, has taken up a prestigious new role at City University of Hong Kong after a two-decade career in Australia. The university said she had beenappointed as chair professor of energy materials earlier this month. The university’s materials science programme is ranked number one in Hong Kong and number seven in the world, according to the latest USNEWS University Rankings. Before her move to Hong Kong, Guo was a... image
South China Morning Post
Australian battery scientist Guo Zaiping joins CityU as energy material chair
Leading Chinese academic whose work could revolutionise the electric vehicle industry has taken up a prestigious new role in Hong Kong.
Hong Kong’s John Lee holds first forum to gauge views for coming policy address Hongkongers have shared their concerns with the city’s leader on issues such as housing, innovation and technology, youth development and poverty, with the chief executive pledging to continue collecting public views before mapping out “pragmatic” policies. In the first public consultation exercise ahead of his fourth annual policy address, John Lee Ka-chiu on Sunday met about 120 residents at Ma Tau Chung Government Primary School in Hung Hom, a neighbourhood where he grew up. Residents issued... image
South China Morning Post
Hong Kong’s John Lee vows to ‘remove regulatory shackles’ ahead of policy address
City leader hears residents’ views on topics ranging from housing to supporting ethnic minority communities at town hall meeting.
US business leaders to visit China as both sides meet for latest trade talks A high-level American business delegation will visit China this week on a trip that coincides with the latest round of US-China trade talks, according to two sources familiar with the matter. The trip to Beijing will be organised by the US-China Business Council and led by FedEx chief executive Rajesh Subramaniam, the council’s board chair. The full list of visiting business leaders and schedule is not known but both sources said that Boeing executives and the president of the council Sean Stein... image
South China Morning Post
Exclusive | US business leaders to visit China as both sides meet for latest trade talks
The US-China Business Council delegation, led by FedEx chief Rajesh Subramaniam, is expected to meet senior officials, sources said.
Indonesian ex-minister’s jail term: corruption or ‘politically’ motivated? A recent prison sentence for a former Indonesian trade minister has raised eyebrows over alleged political motivations, given the defendant’s loyalty to an opposition politician. Last Friday, judges at a corruption court in Jakarta sentenced Thomas Trikasih Lembong to 4½ years in jail and a fine of 750 million rupiah (US$46,000) for improperly granting sugar import permits, during what the prosecutor said was a surplus of local production, when he was trade minister in 2015-16. Prosecutors... image
South China Morning Post
Indonesian ex-minister’s jail term: corruption or ‘politically’ motivated?
Analysts question basis of court ruling and whether former trade minister’s close ties to opposition politician Anies Baswedan was a factor in ve...
Hong Kong pet shop owner arrested for alleged theft of 35 cats to repay loan A Hong Kong pet shop owner has been arrested for the alleged theft of 35 of his customers’ cats which he used to repay debts to a loan company, with the felines estimated to be valued at more than HK$623,000 (US$79,870), the Post has learned. The owner, surnamed Chan, 44, had a shop in Hung Hom, which also offered consignment and pet-sitting services, a source said on Thursday. The source said Chan took out a loan of HK$210,000 from a company in August last year. The firm demanded repayment on... image
South China Morning Post
Hong Kong pet shop owner arrested for alleged theft of 35 cats to repay loan
The 35 cats had an estimated value of HK$623,000, source says.