Author: OMN AI

Hong Kong’s finance chief has called for stronger cooperation between Hong Kong and Europe, saying both sides should keep dialogue open despite political differences. The remarks come as global tensions and economic uncertainty continue to reshape international partnerships. Paul Chan Mo-po made the comments after a five-day visit to France, Belgium, and Switzerland. He said the trip showed growing interest from European leaders in building more balanced global partnerships. In a blog post published on Sunday, Chan said many European political and business figures are now focused on strategic independence and economic resilience. He said this shift is driven by…

Hong Kong film producer and actor Raymond Wong has been found guilty in an insider trading case involving shares of an entertainment company he once chaired. The Raymond Wong insider trading ruling was delivered by a magistrate in Eastern Court on Friday. The court found that Wong shared confidential business information with his sister, leading her to trade shares of a listed company and earn profits of more than HK$1 million, equal to about US$127,650. The case relates to trading activity in 2017 involving Transmit Entertainment, a television production company previously known as Pegasus Entertainment Holdings. According to the court…

Hong Kong’s justice department has strongly rejected online accusations targeting two senior public prosecutors, calling the claims false and damaging to public trust. The Hong Kong prosecutors claims involve allegations made against recently promoted officials who have worked on national security related cases. The department described the allegations as “despicable behaviour” and said they were intended to defame public officers. It also confirmed that the matter has been referred to law enforcement agencies for further investigation. Officials said they will take strict legal action against anyone found responsible for spreading or supporting false accusations. They added that attacks on public…

Uber has criticized a proposed limit on ride-hailing vehicle licences in Hong Kong, calling the plan “unusual” as authorities move closer to finalizing new rules for the sector. The comments come as Hong Kong prepares to introduce its long-awaited regulatory framework for ride-hailing services, a move that could reshape how companies like Uber operate in the city. Andrew Byrne, Uber’s global head of public policy, visited Hong Kong on Thursday to meet officials and discuss the proposal. He urged policymakers to base any licence cap on actual passenger demand rather than strict numerical limits. The government is currently considering how…

Hundreds of parents in Hong Kong have expressed anger after a sudden change in the city’s rainstorm warning system left children traveling to school during heavy downpours and flooded streets. The controversy began early Thursday when the Hong Kong Observatory issued a red rainstorm signal at around 2:40 a.m., warning of intense rainfall across the city. The alert was triggered as strong rainbands moved through the region, causing widespread heavy showers and rising water levels in several districts. Shortly after, authorities also issued a flooding alert for parts of the northern New Territories, where roads and low-lying areas were already…

The Hong Kong government says 35 families living in subdivided apartments have faced eviction since new housing regulations took effect earlier this year. The crackdown is part of a broader effort to remove unsafe and overcrowded living spaces commonly known as shoebox flats. Officials confirmed on Wednesday that the new law has already begun reshaping the city’s low-income housing market. The issue surrounding Hong Kong shoebox flats remains one of the territory’s most pressing housing challenges as authorities try to improve living conditions for vulnerable residents. Winnie Ho Wing-yin said the evictions occurred during the first two and a half…

Hong Kong billionaire Li Ka-shing is expanding support for liver cancer patients through a new medical funding initiative that will help hundreds gain access to advanced treatment at a significantly lower cost. The Li Ka-shing liver cancer programme was announced on Wednesday by the Li Ka Shing Foundation. Under the plan, the foundation will subsidise liver cancer surgeries for 200 patients in Hong Kong over the next three years. The initiative aims to make cutting-edge histotripsy treatment more affordable for eligible patients. The procedure normally costs about HK$260,000 for Hong Kong identity card holders. With support from the foundation, selected…

The Hong Kong government is set to ease housing resale restrictions for residents affected by the Tai Po fire, offering new financial flexibility under a special buy-back support plan. The move is aimed at helping displaced flat owners rebuild stability after losing their homes. According to an official document seen by the South China Morning Post, homeowners who choose the special arrangement will be allowed to sell their replacement subsidised flats on the secondary market without the usual lock-up period. This marks a major change from standard housing rules, which typically restrict resale for several years. The plan applies to…

Hong Kong is expected to benefit from improved global stability following a recent summit between Chinese President Xi Jinping and US President Donald Trump. The city’s leadership says the meeting could help reduce market uncertainty and support trade growth. Chief Executive John Lee Ka-chiu said Hong Kong’s economy is highly dependent on international markets. He explained that greater stability in US-China relations would help limit the impact of global economic turbulence on the city. Hong Kong has long been considered an externally driven economy. This means changes in global trade conditions, especially between major powers like China and the United…

A 65-year-old taxi driver has been arrested after a deadly road accident in Hong Kong killed an elderly pedestrian in Tung Chung. The crash happened on Monday under a footbridge in the Tung Chung area. Police said the taxi struck an 87-year-old man while he was crossing the road. The victim became trapped beneath the vehicle after the collision. Emergency crews arrived at the scene and rescued him before taking him to hospital for treatment. Despite medical efforts, the man later died from his injuries. Police arrested the taxi driver on suspicion related to dangerous driving causing death. Authorities are…