According to latest trade figures released by the Hong Kong Census and Statistics Department (C&SD) in May, Hong Kong’s exports have fallen for 13 consecutive months, the longest period of decline in history. Even though the border between China and Hong Kong resumed full opening at the beginning of 2023, throughput through Kwai Tsing Container…
Hong Kong Loses Super Entrepôt Role as Function Shifts to Mainland Ports After Longest Export Decline in 13 Consecutive Months
Hong Kong Orders Funded Environmental Groups to Sign National Security Declaration
Wen Wei Po, a CCP mouthpiece in Hong Kong, published on July 10 an interview with Tse Chin-wan, Secretary for Environment and Ecology, in which Tse talked about a “national security loophole” and accused unnamed local environmental groups of “disregarding the law” in the past and they may have used funds for causes disapproved of…
Vienna Tops Global Livability Ranking, Hong Kong Ranks 61st
The Economist Intelligence Unit (EIU) has released its latest “Global Livability Ranking” for 2023, with Hong Kong ranking 61st out of 173 cities with a score of 88.1. This is a rise of 13 places from last year, but still lower than its ranking of 35th in 2018. Hong Kong’s main competitor Singapore has surged…
70% of Balloons Contain Carcinogens Exceeding the EU Standard: Report
Colorful balloons at festive parties can bring a lively atmosphere, but behind the joy lies hidden dangers. On June 15, the Hong Kong Consumer Council announced that it had tested 35 samples from 19 latex balloon products. It found that more than 90 percent, or 32 samples, contained different types of suspected carcinogenic substances called…
Hong Kong Loses 1,000 Millionaires, China Bids Farewell to 13,500 High-Net-Worth Individuals: Report
Henley & Partners, a British investment migration consultant company, has recently released the Private Wealth Migration Report 2023. The report predicts the upcoming global trend of the outflow and inflow of wealthy people. China will experience the most loss of wealthy people in the world in 2023, with a total outflow of 13,500 people. Meanwhile,…
74% of Hong Kong Companies Facing Talent Shortage: Survey
The Hong Kong General Chamber of Commerce released the results of its Talent Shortage Survey 2023 on June 6, which found 74 percent of surveyed companies facing a talent shortage issue. And 21 percent of them had relocated some or all business operations from Hong Kong. About 45 percent of the surveyed companies agreed that…
IMF: Talent Shortage in Hong Kong Becoming a Prominent Concern
On May 31, the International Monetary Fund (IMF) Executive Board issued an assessment report after summing up Hong Kong 2023 Article IV Consultation Discussions. The report mentioned that the talent shortage is becoming a prominent concern with the significantly declining labor force in Hong Kong during the past few years. The IMF pointed out that…
Japan Is Back, yet Still Far From Its Old Days
Commentary The sudden bull of the Japanese stock market in May called for a thorough review of Japan. Japan used to be excluded from Asia in the past decades, but concentrating on industrialization, its stock market expanded exponentially in the latter half of the 1980s. The recent Japanese stock index (whether Nikkei or Topix) is…
China Sentenced Pro-CCP American Chinese to Life Imprisonment on Espionage Charges
U.S. citizen John Shing-wan Leung, aged 78, was sentenced to life imprisonment on espionage charges in Suzhou, Jiangsu Province, China, on May 15. Public records indicate that Leung, a leading figure in the Pro-CCP Chinese community in Texas, held positions such as President of the China Council for the Promotion of Peaceful National Reunification (CCPPNR),…
Sanctioned Lawmakers Condemn UK’s 1st Ministerial Visit to Hong Kong Since 2018
May 9, 2023
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The British government has come under renewed criticism from lawmakers as a government minister is visiting Hong Kong this week for the first time since 2018. A number of parliamentarians who have been sanctioned by the Chinese Communist Party (CCP) condemned the government for sending the minister for trade talks, with former Conservative Party leader Sir…
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