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Hong Kong has halted a HK$4.6 billion (US$592 million) redevelopment plan for an air mail centre designed to turn the city into a postal and logistics hub, after authorities cited a 67 per cent reduction in postage volume over five years due to geopolitical tensions. The project cancellation is the second this month by the government after it earlier shelved a HK$700 million exhibition hall in Wan Chai to showcase major development projects, including the Northern Metropolis, amid a burgeoning [...]

There is no such thing as a “blessing” or “special treatment” for candidates in Hong Kong’s coming Legislative Council poll, Beijing’s top office overseeing the city’s affairs has said, after at least 15 legislators decided against running for re-election. The Hong Kong and Macau Affairs Office also said on Friday night that a change of lawmakers through Legco elections was standard practice and represented “the true meaning of democracy”. It said younger, more professional and innovative [...]

Alibaba Group Holding and Ant Group have agreed to pay HK$7.2 billion (US$925 million) to buy the top floors of a Causeway Bay office tower that Mandarin Oriental International is building on the site of The Excelsior hotel, marking Hong Kong’s largest real estate transactions since 2021. Alibaba and Ant bought 301,555 sq ft (28,015 square metres) of space, comprising the top 13 floors of the 24-storey building, with parking space for 50 vehicles and signage rights to the tower, according to [...]

The father of a young boy has been arrested in Hong Kong after police were alerted by the child’s mother to possible abuse and found injuries on the seven-year-old’s head and hands. Police said they received a call at around 9pm on Thursday from the mother, who suspected that her son had been “inappropriately treated” by his father, a 39-year-old man surnamed Leung. Officers who arrived at their home on Wan Fung Street in Wong Tai Sin found injuries on the boy’s head and left hand. They said he [...]

Hong Kong FinTech Week 2025 in November aims to be an all-in-one marketplace for global cutting-edge technologies, with international buyers from areas including the Middle East and Global South coming to the city to shop for opportunities, according to senior InvestHK officials. Last year’s event was almost like a “study trip” for some delegations, according to King Leung, global head of financial services, fintech and sustainability at the government agency, which is responsible for attracting [...]