DIRS.INFO The most relevant business & tech news

☆ One of the oldest hotels in Hong Kong is the definition of luxury. 13 photos offer a glimpse inside Art Basel's hotel partner, The Peninsula.
▼ + stars: | 2024-04-06 | by ( Joi-Marie Mckenzie | ) www.businessinsider.com time to read: +2 min

The Peninsula Hotel in Hong Kong, an iconic property that opened in 1928, offers a luxury experience. Steps away from the glistening Victoria Harbour sits the Peninsula Hotel. The flagship hotel in the Peninsula Hotels group, which boasts properties worldwide, opened in December 1928, making it one of the oldest hotels in Hong Kong. The iconic hotel, one of the official hotel partners of Art Basel Hong Kong, sponsored by the global lead partner UBS, is nestled right on the Kowloon Peninsula in Tsim Sha Tsui. Thanks to their Art in Resonance program, it's also home to four memorable art pieces featuring "emerging and mid-career" artists.

Persons: —, Chanel, Harry Winston, it's, Bon Jovi, Tom Cruise Organizations: Service, Hotels, Art Basel, UBS Locations: Hong Kong, Art Basel Hong Kong, Tsim Sha Tsui

☆ The best street style we spotted at Art Basel Hong Kong 2024
▼ + stars: | 2024-04-03 | by ( Joi-Marie Mckenzie | ) www.businessinsider.com time to read: +1 min

Fashion's elite, including Maison Margiela's Stefano Rosso, attended Art Basel in Hong Kong last month. BI was in Hong Kong to admire art, but also the city's innovative fashion sense. This article is part of BI's 2024 Art Basel series, taking you inside the art fair's global scene. Fashion and art are inextricably linked — evident at this year's Art Basel in Hong Kong. The art fair, sponsored by UBS, attracted more than 240 galleries from around the world to descend on the Hong Kong Convention and Exhibition Centre last month.

Persons: Maison Margiela's Stefano Rosso, —, Art Basel Organizations: Art Basel, BI, Service, Art, UBS, Hong Kong Convention, Exhibition, Harbour Locations: Hong Kong, Basel, Art Basel, Hong

☆ HSBC is 'very positive' about the future of China's economy, CFO says
▼ + stars: | 2024-03-14 | by ( Elliot Smith | ) www.cnbc.com time to read: +1 min

The Hong Kong observation wheel and the HSBC building in Victoria Harbour in Hong Kong. HSBC is "very positive" about the mid to long-term outlook for the Chinese economy despite current headwinds, the British bank's chief financial officer told CNBC. This prompted Beijing to ramp up its efforts to bolster manufacturing and domestic tech, in a bid to modernize its economy and remain globally competitive. "We're looking at major economic transition, which is taking place, which gives us very strong grounds to be very positive about the medium and long term outlook," Elhedery said. He suggested that China's economic maturity has reached such a stage that now is the "right time to transition into what more mature economies are."

Persons: Karen Tso, Georges Elhedery, Elhedery Organizations: HSBC, CNBC Locations: Hong Kong, Victoria Harbour, British, China, Beijing, London, Asia, Pacific

☆ Hong Kong scraps decade-old property restrictions to boost flagging economy
▼ + stars: | 2024-02-28 | by ( Laura He | ) edition.cnn.com time to read: +3 min

These taxes had been introduced as early as 2010 to cool the city’s once red-hot property market, a pillar of the economy. Real estate and related industries play a key role in Hong Kong’s economy, accounting for as much as a fifth of the city’s gross domestic product (GDP). Hong Kong’s economy has struggled to regain momentum since it reopened after more than two years of self-imposed Covid isolation. Hong Kong’s stock market, where many of China’s largest and most important companies are listed, has become less popular with international investors. Late last year, the city’s stock exchange was overtaken by the National Stock Exchange of India (NSE) as the world’s seven largest bourse.

Persons: Paul Chan, “, ” Chan, Chan Organizations: Hong Kong CNN, Hong Kong, National Stock Exchange of India, bourse Locations: China, Hong Kong, Hong Kong’s, Victoria Harbour, Hong, Beijing, Washington, Asia

☆ Comac C919: China’s homegrown passenger aircraft makes international debut
▼ + stars: | 2024-02-19 | by ( Chris Lau | ) edition.cnn.com time to read: +3 min

China calls the C919, which can carry just under 200 passengers, its first large homegrown passenger jet. It s certified to carry passengers only within mainland China and flies with China Eastern Airlines. The C919’s overseas debut comes at a time when Boeing is making headlines for all the wrong reasons. “There is a lot of interest to see the actual aircraft, how it performs and how it is in flight,” he said. “It will become a competitor in a small way, but it won’t be in the same league as Airbus and Boeing,” he said.

Persons: Cindy Koh, Shukor Yusof, ”, Edgar Su, Yusof, TransNusa Organizations: Hong Kong CNN, Boeing, Airbus, Singapore Airshow, Commercial Aircraft Corporation of China, China Eastern Airlines, Singapore’s Economic, Board, Sunday, Max, Air, Endau, Singapore, Reuters, Center for Strategic, International Studies, American Locations: China, Hong Kong, Western, Air Alaska, United States, Washington, Hong, Victoria, Beijing, Southeast Asia, Africa, Central Asia, Indonesian

☆ China tries to halt stock market rout by boosting lending and wooing foreign investors
▼ + stars: | 2024-01-24 | by ( Laura He | ) edition.cnn.com time to read: +6 min

Hong Kong CNN —China has vowed to pump more money into the economy and further open its $64 trillion financial industry to international investors, as Beijing scrambles to restore confidence following a massive stock market rout. The astonishing losses, reminiscent of the last Chinese stock market crash of 2015-2016, highlight a crisis of confidence among investors concerned about the country’s future. It will allow Hong Kong banks to expand their businesses in mainland China and reduce the barriers to investing in mainland insurers. Last month, China Reform Holdings, a state-owned investment fund, announced it had bought tech-focused index funds to support the market. The brutal sell-off in Chinese stock markets has even forced some hedge fund managers to apologize for making wrong bets.

Persons: Li Yunze, “, Pan Gongsheng, Goldman Sachs, Li, ”, Lam, Li Qiang, Wang Zhao, Premier Li Qiang, Stringer, Li Bei Organizations: Hong Kong CNN, Administration of Financial, People’s Bank of, Buildings, New Champions, Getty, Premier, Xinhua, Reuters, Securities Daily, Social Security Fund, China Reform Holdings, Central Huijin Investment, Shanghai Banxia Investment Management Locations: China, Hong Kong, Beijing, Shanghai, Shenzhen, People’s Bank of China, Victoria Harbour, British, Tianjin, AFP, Central, Fuyang, China's, Anhui

☆ Louis Vuitton stages dramatic runway show in Hong Kong
▼ + stars: | 2023-11-30 | by ( Stephy Chung | Oscar Holland | ) edition.cnn.com time to read: +8 min

Many of the looks were completed with naval accessories, like raffia bucket hats and Louis Vuitton Keepall 25 bag hand-embrodiered with seashells. Musician Ma Siwei and actor Dylan Wang at the Louis Vuitton Men's fashion show in Hong Kong, China. Louis Vuitton opened its first boutique in Hong Kong in 1979. Many of the looks were completed with naval accessories, like raffia bucket hats and Louis Vuitton Keepall 25 bag hand-embrodiered with seashells. “I definitely knew I wanted Hong Kong to be my second stop after Paris,” he said of his Louis Vuitton show schedule.

Persons: Hong Kong CNN — Louis Vuitton’s, Pharrell Williams, Pont, Hong, Anson Lo, Song, ”, Williams, ” —, —, Louis Vuitton, Ma Siwei, Dylan Wang, Billy H.C, Kwok, Virgil Abloh, Louise Delmotte, “, Louis Vuitton’s, junkboat, Dior, Louis Vuitton's, Lam Yik, Tyrone Siu, Reuters Louis Vuitton’s, Lorraine Schwartz, it’s, ” Williams, “ You’re Organizations: Hong Kong CNN, Hollywood, CNN, Louis, Paris, Vuitton, National Security Law, Hong Kong Tourism Board, ”, Bloomberg, Getty, K11 Group, Stars, Victoria, Reuters, Reuters Louis Vuitton’s womenswear Locations: Hong Kong, Asia, Hong, Victoria Harbour, American, Paris, Hawaii, China, Victoria Dockside, Huangpu, Shanghai, South Korea

☆ Asia markets set to fall as traders wait for China's factory activity data
▼ + stars: | 2023-09-01 | by ( Lee Ying Shan | ) www.cnbc.com time to read: 1 min

People walk along a promenade next to Victoria harbour in Hong Kong on August 31, 2023, a day before the arrival of Typhoon Saola. (Photo by ISAAC LAWRENCE / AFP) (Photo by ISAAC LAWRENCE/AFP via Getty Images)Asia-Pacific markets are set to fall as traders await China's Caixin manufacturing PMI data, amid a slew of other economic data in the region. In Japan, the Nikkei futures contract in Chicago was at 32,505 while its counterpart in Osaka was at 32,490. Both are lower compared to the Nikkei 225's last close at 32,619.34. In Australia, futures for the S&P/ASX 200 were at 7,237, lower than the index's last close of 7,350.3.

Persons: Saola, ISAAC LAWRENCE Organizations: Getty Images, Nikkei Locations: Victoria, Hong Kong, AFP, Asia, Pacific, Japan, Chicago, Osaka, Australia

☆ Asia markets set to mirror Wall Street's rise, ahead of Australia's July inflation numbers
▼ + stars: | 2023-08-30 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

High-rise buildings are seen near Victoria Harbour in Hong Kong, China, July 24, 2023. (Photo by Costfoto/NurPhoto via Getty Images) Costfoto | Nurphoto | Getty ImagesAsia-Pacific markets are set to mostly rise, largely mirroring moves on Wall Street as U.S. stocks saw a Nvidia-fueled tech rally on Tuesday. Investors will be bracing for Australia's inflation numbers for July, which is expected to come in at 5.2%, according to a Reuters poll and softer than the 5.4% seen in June. Japan's Nikkei 225 is also set to rise, with the futures contract in Chicago at 32,455 and its counterpart in Osaka at 32,430 against the index's last close of 32,226.97. In contrast, futures for the Australian S&P/ASX 200 point to a marginally lower open, at 7,209 compared with the last close of 7,210.5.

Organizations: Getty, Nurphoto, Nvidia, Nikkei Locations: Victoria Harbour, Hong Kong, China, Asia, Pacific, Chicago, Osaka

☆ Asia promotes crypto clarity amid regulatory uncertainty in the U.S.
▼ + stars: | 2023-08-17 | by ( Sheila Chiang | ) www.cnbc.com time to read: +4 min

Earlier this month, Hong Kong officially opened crypto trading to retail investors and upgraded licenses of two exchanges. "This will further boost investor confidence, making Hong Kong more attractive as a potential global virtual asset hub," said Lai. He concluded some crypto firms could leave the U.S. for more progressive jurisdictions as a result. Asia's regulatory clarityAcross the Pacific, Singapore and Hong Kong offer far more operational clarity for many industry players "Singapore has the first mover advantage in the Asia Pacific region, including being ahead of Hong Kong. watch nowSingapore's Payment Services Act — a framework for regulating payment services and the provision of crypto services to the public — came into effect in January 2020.

Persons: Ben Charoenwong, Lennix Lai, Lai, Ong Chengyi, Chainalysis, Hong, Blockchain.com, Ripple, Hong Kong, Janice Goh, Coinbase, Binance, Brad Garlinghouse, Goh Organizations: Getty, Nurphoto, National University of Singapore Business School, Monetary Authority of, Cavenagh, U.S . Securities, Exchange Commission, SEC, CNBC, MAS Locations: Victoria Harbour, Hong Kong, China, Asia, U.S, Hong Kong . Hong Kong, Singapore, Monetary Authority of Singapore, Thailand, Indonesia, Hong, Pacific

HONG KONG, July 20 (Reuters) - Fans from Hong Kong and around the world gathered at the feet of a Bruce Lee statue on Thursday to pay tribute to the late kung fu legend on the 50th anniversary of his untimely death. Those who traveled to Hong Kong for the anniversary included people from mainland China, Asia and Europe. "I have loved Bruce Lee since I was very young," said Bruce Shin from South Korea who sported a brush cut and large framed sunglasses, imitating Lee. HKTB2016 REUTERS/Tyrone Siu/File PhotoLee's contributions to martial arts and popular culture have inspired legions of global fans. said Wong Yiu-keung, the chairman of the local Bruce Lee Club.

Persons: Bruce Lee, Hong, Lee, Bruce Shin, Shin, Mei Zhiyong, HKTB2016, Tyrone Siu, Chun, Kung Fu, Ip, Wong Yiu, Bruce Lee Club, Sophie Uekawa, James Pomfret, Emma Rumney Organizations: Harbour, South Korea, HKTB2016 REUTERS, Thomson Locations: HONG KONG, Hong Kong, China, Asia, Europe, South, San Francisco, British, Japan

☆ Hong Kong's international dragon boat races return after 4-year hiatus
▼ + stars: | 2023-06-24 | by ( ) www.reuters.com time to read: +2 min

[1/6] Participants splash water during a ceremony in between races during Tung Ng or Dragon Boat Festival at Aberdeen fishing port in Hong Kong, China June 22, 2023. The two-day event, organised by Hong Kong's tourism board and the Hong Kong China Dragon Boat Association, drew more than 4,000 paddlers from 160 teams including from the Chinese mainland, Taiwan and internationally, its tourism body said. Can't think of a better way to celebrate the Dragon Boat Festival than with my team and the rest of Hong Kong and Asia," said Shirleen Ho, 41, a member of the Australian National Dragon boat team. While dragon boat originated in China's southern Lingnan region more than 1,000 years, the modern version began in Hong Kong, a special Chinese administrative region, around 40 years ago. The competition is one of many events the Hong Kong government is holding to boost tourism and reinvigorate its economy after sealing its borders for more than two years.

Persons: Tung Ng, Tyrone Siu, Shirleen Ho, Joyce Zhou, Farah Master, Jacqueline Wong Organizations: REUTERS, Hong Kong China Dragon Boat Association, Australian National, Hong, Thomson Locations: Aberdeen, Hong Kong, China, Tyrone Siu HONG KONG, Hong, Hong Kong China, Taiwan, Asia, China's, Lingnan, Victoria, British

☆ One of two giant rubber ducks in Hong Kong harbour deflates
▼ + stars: | 2023-06-10 | by ( ) www.reuters.com time to read: +1 min

[1/3] One of the inflatable yellow ducks created by Dutch artist Florentijn Hofman is seen deflated at Victoria Harbour in Hong Kong, China June 10, 2023. REUTERS/Tyrone SiuHONG KONG, June 10 (Reuters) - One of two giant rubber ducks anchored in Hong Kong's Victoria Harbour as part of an art installation by Dutch artist Florentijn Hofman deflated on Saturday, to the disappointment of residents coming to see them in scorching heat. I originally thought I could see two rubber ducks,” said Moon Lam, 72, who came to the harbour wearing rubber duck-themed t-shirt, face mask, earrings and socks. A single rubber duck first floated in Hong Kong in 2013. Maybe because it’s too hot in Hong Kong,” said Tiffany Chen, 28, a tourist from the northern neighbouring city of Shenzhen.

Persons: Florentijn Hofman, Tyrone Siu, “, ”, Moon Lam, Hofman, it’s, Tiffany Chen, Jessie Pang, Marius Zaharia Organizations: Harbour, REUTERS, Thomson Locations: Hong Kong, China, Tyrone Siu HONG KONG, Hong, Victoria Harbour, Netherlands, France, Brazil, Shenzhen

☆ Giant rubber duck deflated in Hong Kong’s harbor amid fierce heat
▼ + stars: | 2023-06-10 | by ( Sophie Tanno | ) edition.cnn.com time to read: +2 min

CNN —One of two giant rubber ducks on display in Hong Kong’s Victoria Harbor was deflated on Saturday to protect it from sweltering temperatures. “Today, we originally planned to bring my child to see the yellow duck. “So, she was super sad, because she can see just only one.”Dutch artist Florentijn Hofman’s “Rubber Duck” initially appeared in Victoria Harbor a decade ago. “Double duck is double luck,” artist Hofman said in a statement. “The work emphasizes friendship and getting connected … ‘Double Ducks’ is not about looking into the past but enjoying the moment together!”

Persons: Florentijn, Hofman Organizations: CNN, Locals, Hong, Ducks Locations: Hong, Victoria, Hong Kong, Thailand, Victoria Harbor, France, Osaka, Sydney, Sao Paolo, Victoria Harbour

☆ Two giant rubber ducks debut in Hong Kong in bid to drive "double happiness"
▼ + stars: | 2023-06-09 | by ( ) www.reuters.com time to read: +2 min

[1/6] An art installation dubbed "Double Ducks" by Dutch artist Florentijn Hofman, is seen at Victoria Harbour, in Hong Kong, China June 9, 2023. Hofman said his pair of ducks represent "twice the fun, double the happiness" and bring new excitement to Hong Kong. "We would like more installation art like the rubber ducks in Hong Kong. Right now there isn't much space for art in Hong Kong if we compare it to Macau or Shenzhen, they have more art installations." A 40-year-old engineer named Kane said the ducks were positive for Hong Kong.

Persons: Florentijn Hofman, Tyrone Siu, Hofman, peng, Anna, Kane, It's, Justin Fung, Jessie Pang, Joyce Zhou, Farah, Michael Perry Organizations: Victoria Harbour, REUTERS, Ducks, Thomson Locations: Victoria, Hong Kong, China, Tyrone Siu HONG KONG, Hong, Victoria Harbour, Netherlands, France, Brazil, Hong Kong's, Tamar, Macau, Shenzhen

☆ Florentijn Hofman’s ‘Rubber Duck’ returns to Hong Kong — and now there are two
▼ + stars: | 2023-06-06 | by ( Oscar Holland | ) edition.cnn.com time to read: +3 min

CNN —A decade since it famously appeared in Victoria Harbour, Dutch artist Florentijn Hofman’s “Rubber Duck” sculpture has returned to Hong Kong. “Double duck is double luck,” Hofman said in a statement. One of artist Florentijn Hofman's "Rubber Duck" sculptures famously appeared in Hong Kong's Victoria Harbour in 2013. In the years since first arriving in Hong Kong, “Rubber Duck” has appeared in the waters of cities such as Seoul and Los Angeles. Ahead of the installation, images of the pair have been pasted on the side of the city’s trams and at subway stations around Hong Kong.

Persons: Florentijn, peng ”, ” Hofman, . Cheng, Jiang Zemin Organizations: CNN, Ducks, Victoria Harbour, South China Morning, Social Locations: Victoria Harbour, Hong Kong, Tsing, France, Osaka, Sydney, Sao Paolo, Hong, Victoria, South, Weibo, Seoul, Los Angeles, Keelung, Santiago , Chile

☆ Hong Kong woos mainland China crypto firms in push to bolster finance hub status
▼ + stars: | 2023-04-13 | by ( Josh Ye | ) www.reuters.com time to read: +3 min

[1/5] A visitor looks at screens showing advertisements of NFTs and virtual lands, at Hong Kong Web3 Festival, in Hong Kong, China April 13, 2023. According to Xiao, many in the crypto industry thought Hong Kong would inevitably adopt the same regulations as mainland China. But he said that the government is now trying to emphasise Hong Kong practices different laws from mainland China under the "One Country, Two Systems" framework. These firms, which have exited countries like Canada and Britain, are among the sponsors of the glitziest Hong Kong parties this week. Reporting by Josh Ye in Hong Kong; Editing by Brenda Goh and Kenneth MaxwellOur Standards: The Thomson Reuters Trust Principles.

Hong Kong island and Victoria Harbour cityscape, viewed from Victoria Peak. In the foreground, the Bank of China tower and Cheung Kong Center skyscrapers. Asia-Pacific markets were trading mixed on Thursday with Hong Kong looking to extend its gains. On Wednesday, Hong Kong markets gained over 2%, led by China's tech giant Alibaba on news of its major shakeup. South Korea's Kospi was up fractionally, while the Kosdaq index gained 0.54%.

☆ Reuters reporters' online accounts faked to approach China activists
▼ + stars: | 2023-02-28 | by ( James Pomfret | ) www.reuters.com time to read: +5 min

[1/3] The Chinese flag is seen across the Victoria Harbour during sunset, in Hong Kong, China October 12, 2022. The impersonator or impersonators were seeking information about a group linked to protests the same month against China's strict COVID-19 controls, according to screenshots and several accounts provided to Reuters. An Australia-based Chinese activist and dissident artist known as Badiucao first disclosed the impersonations on Saturday on Twitter. "Hello everyone," an imposter wrote in a Telegram chatroom, according to screenshots seen by Reuters that were provided by Badiucao. Telegram did not respond to Reuters requests for comment on the impersonations of the journalists' accounts on that platform.

☆ Asia-Pacific markets set to fall, taking lead from Wall Street's losses
▼ + stars: | 2022-12-29 | by ( Lee Ying Shan | ) www.cnbc.com time to read: 1 min

Crimson clouds light up the skyline of Victoria Harbour on July 14, 2022 in Hong Kong, China. Asia-Pacific markets are set to fall, taking the lead from Wall Street's losses overnight as investors looked to the year ahead. The Nikkei futures contract in Chicago was at 26,095 while its counterpart in Osaka stood at 26,030 – both lower compared to the Nikkei 225's last close at 26,340.50. Hong Kong's further easing of Covid restrictions takes into effect today, with stocks related to re-opening being closely watched. South Korea's industrial production for November grew 0.4% after seeing four consecutive months of declines.

☆ Hong Kong economy shrinks 4.5% yr/yr in Q3, outlook remains weak
▼ + stars: | 2022-10-31 | by ( Reuters Staff | ) www.reuters.com time to read: +2 min

HONG KONG (Reuters) - Hong Kong’s economy shrank faster in the third quarter, contracting 4.5% from the same period a year earlier, the third straight quarter of downturn, advance government data showed on Monday, as external demand remained weak. Hong Kong, China June 29, 2020. The city’s economy shrank by 4.0% and 1.3% in the first and second quarters respectively. It was the deepest contraction since the second quarter of 2020 when gross domestic product shrank 9.4% as COVID-19 took its toll around the world. In his first policy address earlier this month, Hong Kong Chief Executive John Lee prioritised improving international competitiveness and attracting more overseas talent.

☆ Burned-out young people in Hong Kong are escaping to a peaceful island
▼ + stars: | 2022-10-19 | by ( Dave Lucas | ) www.reuters.com time to read: 1 min

Craftsman Jesse Yu, 32, crosses on a ferry to Victoria Harbour, with the financial district seen in the background, in Hong Kong, China September 23, 2022. Newcomers drawn by an idyllic lifestyle and low rents in one of the world's priciest property...moreCraftsman Jesse Yu, 32, crosses on a ferry to Victoria Harbour, with the financial district seen in the background, in Hong Kong, China September 23, 2022. Newcomers drawn by an idyllic lifestyle and low rents in one of the world's priciest property markets are rejuvenating Peng Chau, reversing an exodus in the 1970s as fortunes waned in the area, once home to Hong Kong's biggest matchstick factory. REUTERS/Tyrone SiuClose

The 465-foot superyacht "Nord", owned by the sanctioned Russian oligarch Alexey Mordashov is seen docked, in Hong Kong, China October 7, 2022. REUTERS/Tyrone SiuHONG KONG, Oct 11 (Reuters) - Hong Kong leader John Lee said on Tuesday there was "no legal basis" for the city to act on Western sanctions, when asked about a Russian yacht berthed in the financial centre that belongs to a sanctioned Russian oligarch. Hong Kong authorities were criticised by the U.S. State Department for allowing a luxury yacht belonging to sanctioned Russian oligarch Alexey Mordashov to dock in Hong Kong waters last week. Instead, Lee said Hong Kong would only abide by United Nations sanctions. Officials in Hong Kong do what is right to protect the interests of the country and the interests of Hong Kong.

☆ In Hong Kong, Sanctioned Russian Tycoon’s Superyacht Sparks U.S.-China Spat
▼ + stars: | 2022-10-10 | by ( Newley Purnell | ) www.wsj.com time to read: 1 min

The anchoring in Hong Kong waters of a sanctioned Russian oligarch’s superyacht is ramping up tensions between Beijing and Washington, which warned against the financial center being used as a safe haven. The 465-foot Nord, owned by steel magnate Alexey Mordashov , moored west of the Chinese territory’s Victoria Harbour last week after departing from the far-eastern Russian city of Vladivostok, according to website MarineTraffic.

Search resuls for: "Victoria Harbour"

24 mentions found