Hong Kong’s massive cash giveaway: 2.8 million citizens to get $510 each

The government of Hong Kong has announced its decision to share the city’s record $ 18 billion surplus with more than one-third of its residents. “[We are] trying to cover more people who may not directly benefit from the budget,” said Financial Secretary Paul Chan Mo-po at a press conference on Friday. According to him, […]

Li Ka-shing — Hong Kong’s richest man — announces his retirement

Kin Cheung/AP Hong Kong’s richest man, Li Ka-shing, announced his retirement as chairman of CK Hutchison Holdings. Li ranked 23rd on the world’s rich list by Forbes. Li’s eldest son, Victor, will take over the reins of the business. (Reuters) – Hong Kong’s richest man Li Ka-shing, announced his retirement as chairman of CK Hutchison Holdings […]

Does Hong Kong’s Octopus card have too many tentacles?

Your extensible friend IN 1997, two months after Hong Kong reverted to Chinese sovereignty, it acquired a cutting-edge payment technology. People could rush through turnstiles with a wave of their colourful Octopus cards—stored-value cards pre-loaded with cash. Its latest advance, however, is risibly low-tech. On October 30th Octopus launched an extensible pole with a plastic […]

First Look at Hong Kong’s Brand-New Amex Centurion Lounge

First Look at Hong Kong’s Brand-New Centurion Lounge Advertiser Disclosure The credit card offers that appear on the website are from credit card companies from which ThePointsGuy.com receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). This site does not include […]

S&P have cut Hong Kong’s credit rating after cutting China’s

Shutterstock / Lewis Tse Pui Lung BEIJING (AP) — The Standard & Poor’s rating agency has cut its credit rating for Hong Kong a day after downgrading China, citing risks posed by close ties between the two places. S&P said Friday that it was reducing its long-term rating on Hong Kong by one notch, to AA+ […]

Inside Hong Kong’s chaotic and lawless Kowloon Walled City

There are very few places on Earth that remain ungoverned, and even the tiniest islands and city-states tend to have rules in place for things like taxation and citizenship. Government control is an established reality for most of the world, but what would happen if a neighborhood in your city suddenly became a lawless free-for-all? […]

#TBT: Remembering Hong Kong’s Kai Tak Airport

#TBT: Remembering Hong Kong’s Kai Tak Airport Advertiser Disclosure The credit card offers that appear on the website are from credit card companies from which ThePointsGuy.com receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). This site does not include all […]

Hong Kong’s stock exchange proposes a controversial reform

The big bored BOSSES at Hong Kong Exchanges and Clearing (HKEX) ought to be feeling smug. In five of the past eight years it has been the world’s leading exchange for initial public offerings (IPOs). Chinese companies have swarmed to list on its comparatively mature, open and transparent capital market, generating over 90% of the […]