Author: OMN AI

Hong Kong leader Leung Chun-ying has said that Hong Kong is uniquely positioned within China to develop a financing model similar to that used by US space company SpaceX, arguing that the city’s financial system and professional services sector could support rapid growth in the emerging aerospace industry. Leung made the remarks while calling for Hong Kong to strengthen its role in China’s broader innovation strategy. He said the city should focus on developing expertise in areas such as aerospace financing, legal services, insurance, and technical consulting to support long-term industrial expansion. Leung, who serves as a vice-chairman of the…

Families in Hong Kong are increasingly choosing summer school programs in Asia instead of traditional destinations in Britain and North America, as rising airfare costs push overseas education plans out of reach for many households. Education consultants report a sharp drop in applications for UK-based summer schools this year. Demand has fallen by around 35 percent as parents respond to higher travel expenses and overall program costs. The trend reflects growing financial pressure on families who previously sent children abroad for short-term academic and cultural programs. Many are now reconsidering long-haul travel due to increased airline ticket prices and broader…

A taxi fleet in Hong Kong has ended its partnership with a driver after a safety incident in which passengers were dropped off in the middle of a busy road in Tsuen Wan. The decision came after a video of the incident circulated widely on social media. Authorities have also asked the operator to submit a report on what happened. The footage shows a taxi stopped on Castle Peak Road near Global Plaza. The vehicle is seen halting in a traffic lane while two passengers exit the car with luggage. Each passenger was carrying two suitcases. They then crossed two…

In recent months, prediction markets have gained growing attention in the online betting scene linked to Hong Kong. The trend is especially visible among young users who are exploring global platforms in search of quick profits and new ways to trade on real world events. When 25-year-old Jean Pierre started using Polymarket last year, he said his motivation was simple. He wanted to see if he could make easy money. He lives in Hong Kong and works as a freelance video creator. He said the platform gave him many different betting options linked to future outcomes. He is part of…

Hong Kong packaging waste has become a growing environmental concern after a leading green group urged the city to strengthen rules on excessive e-commerce packaging. The appeal comes as new data shows that millions of kilograms of parcel waste were generated in Hong Kong last year, raising alarms about sustainability and consumer habits. A report from local non-profit organisation The Green Earth estimates that at least 2.7 million kilograms of waste were produced from online shopping parcels in the city in the past year. This includes cardboard boxes, plastic wrapping, bubble wrap, and other single use packaging materials commonly used…

Hong Kong black rainstorm conditions caused widespread disruption on Thursday after the city issued its second highest level rain warning of the year. The alert led to flight delays, school suspensions, transport interruptions, and flooding across multiple districts, particularly in the northern New Territories. The Hong Kong Observatory raised the black rainstorm signal at 12.55 pm, warning that very heavy rainfall had fallen or was expected across the territory. The alert indicates rainfall exceeding 70 millimetres in an hour, which can quickly lead to flash flooding and dangerous conditions in low lying areas. Hong Kong Observatory said the warning would…

An asteroid discovered by a Hong Kong-born astronomer has been officially named after firefighter Ho Wai-ho, who died while rescuing residents during one of Hong Kong’s deadliest fires in decades, turning his legacy into what loved ones are calling an “eternal star.” Ho Wai-ho, 37, lost his life in the Wang Fuk Court blaze in Tai Po last November while helping evacuate residents from the burning building. He was among 168 people killed in the 43-hour inferno that devastated the housing complex and displaced around 5,000 residents. He was later posthumously awarded the honorary rank of senior fireman for his…

Hong Kong’s well-known bakery chain Kee Wah Bakery has confirmed it was hit by a ransomware attack on its internal network, raising concerns over a possible data leak involving employees, customers, and business partners. The company, known for its traditional Chinese pastries and popular festive gift boxes, said it detected issues in its internal systems last Friday. A formal disclosure followed on Tuesday after a preliminary investigation suggested that malicious ransomware had targeted its network infrastructure. The cyberattack caused a malfunction in internal operations, prompting the company to review the extent of potential damage. Kee Wah Bakery stated that its…

The Hong Kong property market is facing a key test as new capital-control rules from Beijing raise questions about the strength of its housing rebound. Developers are preparing to launch new residential projects in the coming weeks, and many analysts are watching closely to see how buyers respond. After a long period of weak demand and falling prices, Hong Kong’s housing market had started to show early signs of recovery. Lower interest rates and policy changes helped support buyer interest. But new financial restrictions linked to mainland China may now slow that momentum. Market experts say the biggest uncertainty comes…

The Hong Kong Observatory issued an amber rainstorm warning on Monday at 11:10 am as intense thundery showers moved across the city. The weather system brought strong winds, heavy rain, and a risk of flooding in several areas. Officials also issued a separate thunderstorm warning that will stay active until 8:30 pm. They warned that severe squally thunderstorms may continue to affect Hong Kong and nearby regions, including the Pearl River Estuary. The warning came as a band of unstable weather moved quickly into the area. Meteorologists said these storm clouds are producing strong bursts of rain and lightning. Some…