Hong Kong’s 2 medical schools to get funding for 60 extra degree places
Extra intake will include 50 places for graduates pursuing a second degree.
SHKP’s earnings drop as slowdown erodes asset value amid dampened sentiment
Meanwhile, New World Department Store’s interim earnings nearly double on stronger performance by mainland shopping malls.
Hong Kong lawmaker denies minister’s claim axing student subsidy was discussed
Lawmakers disapprove of decision to cut HK$2,500 grant, with sector’s legislator denying Paul Chan’s claim move was discussed earlier.
‘18 months to update Hong Kong Octopus card readers for HK$2 fare change’
Hong Kong welfare minister Chris Sun says time needed to adjust Octopus card readers on vehicles and ferries.
Lady Gaga rumoured to perform exclusively in Singapore this year
27th February 2025 – (Singapore) As Lady Gaga prepares for the release of her new album in March, speculation is mounting that she may perform exclusively in Singapore later this year. Reports indicate that the country has secured the rights to host the Grammy-winning artist for four to six shows at the Singapore National Stadium […] The post Lady Gaga rumoured to perform exclusively in Singapore this year appeared first on Dimsum Daily.
Taiwanese bakery Hazukido closes last Hong Kong outlet in Sheung Shui
27th February 2025 – (Hong Kong) The wave of business closures in Hong Kong continues, with the Taiwanese bakery brand Hazukido, known for its freshly baked croissants, shutting down its last outlet in Sheung Shui Centre this month. Hazukido entered the Hong Kong market in 2018, rapidly expanding to 12 locations at its peak, but […] The post Taiwanese bakery Hazukido closes last Hong Kong outlet in Sheung Shui appeared first on Dimsum Daily.
Lei Jun becomes China’s new richest person as Xiaomi’s stock surges
27th February 2025 – (Beijing) Today, Xiaomi’s stock price surged more than 4% in early trading, setting a new record and propelling founder Lei Jun to surpass Zhong Shanshan, the founder of Nongfu Spring, to become China’s new richest individual. However, following this peak, Xiaomi’s shares turned downward, trading at HK$51.85 by 11.47am, down 7.90%. […] The post Lei Jun becomes China’s new richest person as Xiaomi’s stock surges appeared first on Dimsum Daily.
Fire breaks out at Tai Wai’s Greenview Garden, elderly couple hospitalised
27th February 2025 – (Hong Kong) A fire erupted at Greenview Garden in Tai Wai at around 10.09pm today, sending thick smoke billowing from a mid-level unit. Emergency services received reports of several residents trapped by the smoke, prompting the deployment of a rescue team. The fire was extinguished by 10.34pm. Around 50 residents managed […] The post Fire breaks out at Tai Wai’s Greenview Garden, elderly couple hospitalised appeared first on Dimsum Daily.
Tencent rolls out new AI that’s quicker than DeepSeek
Reuters and staff reporter Chinese tech giant Tencent (0700) yesterday released a new artificial intelligence model that it claims can answer queries faster than global hit DeepSeek-R1, in the latest sign the startup’s domestic and overseas success is putting pressure on its larger competitors in…
HKEX profit, revenue soar to new highs
Cici Cao Hong Kong Exchanges and Clearing (0388) posted record high revenue and net profit last year amid improved market sentiment. The bourse operator posted a 10 percent rise in net profit to HK$13.05 billion and raised the interim dividend by 25 percent to HK$4.9, resulting in a 10 percent rise…
Gold miner kicks off $3.2b share sale
Staff reporter and agencies China’s Chifeng Jilong Gold Mining kicks off book-building today to raise up to HK$3.26 billion in an initial public offering in Hong Kong. The mainland-listed gold miner plans to offer 206 million shares, with 10 percent allocated to the retail tranche, at a price range…
900 staff shown the door at HSBC’s wealth unit in China
HSBC (0005) is reducing staff numbers at its China digital wealth business Pinnacle by nearly half, or about 900 people, two sources said, a sharp reversal of the bank’s ambition for the unit as part of its expansion plans in that country. Pinnacle was launched in 2020 and sells insurance and fund…
US economy in good health
The US economy advanced at a healthy pace and inflation was more stubborn than initially estimated at the end of 2024. Gross domestic product increased at an unrevised 2.3 percent annualized pace in the fourth quarter, according to the Bureau of Economic Analysis out yesterday. The primary growth…
Galaxy’s earnings soar 28pc to $8.8b
Staff reporter Macau casino operator Galaxy Entertainment (0027) yesterday said its net profit in 2024 grew 28 percent to HK$8.8 billion over a year ago, and its board proposed a final dividend of 50 HK cents per share payable in June. Net revenue rose by 22 percent to HK$43.4 billion while adjusted…
Chan eyes instalment option to breathe life into land sales
Staff reporter Hong Kong may consider allowing instalment payments for land sales, said Financial Secretary Paul Chan Mo-po, as the real estate sector urges the government to do so to incentivize the developers amid a weakened property market. The multiple payments of land premiums are not…
SHKP’s underlying net rises 17pc to $10.5b
Aiden He Sun Hung Kai Properties (0016) saw its underlying profit go up by 17.5 percent to HK$10.5 billion in the second half of 2024 and declared an interim dividend of 95 HK cents, same as that from 12 months ago. This increase was primarily driven by higher recognized profits from property…
Tin Shui Wai, Cheung Sha Wan and Yau Tong flats to go on sale
Yoho West Parkside in Tin Shui Wai, developed by Sun Hung Kai Properties (0016) and MTR (0066), began accepting subscriptions yesterday and expects to release its second price list this weekend, depending on demand. More than 2,500 people visited its show flats on its first day of opening on…
Views sought on derivatives limits
Hong Kong’s securities regulator yesterday launched a consultation proposing to increase the position limits for exchange-traded derivatives based on the three major stock indices in the city, to keep pace with market development. The proposals will lift the current position limits for the futures…
Quan Hongchan attracts attention with designer outfit following Olympic triumph
28th February 2025 – (Beijing) Seventeen-year-old Chinese diver Quan Hongchan, who made headlines at last year’s Paris Olympics, has been lauded for her remarkable achievements. Alongside Chen Yuxi, she secured the gold medal in the women’s 10-metre synchronised diving event, contributing to China’s tally and earning her third gold medal, making her the youngest athlete […] The post Quan Hongchan attracts attention with designer outfit following Olympic triumph appeared first on Dimsum Daily.
Fendi faces backlash over misattribution of Chinese knot design
28th February 2025 – (Milan) Italian fashion house Fendi has found itself embroiled in controversy following allegations that it incorrectly described the cultural origins of a handbag design. The design, featuring woven patterns reminiscent of the traditional Chinese Knot, was mistakenly attributed to Korean craftsmanship in the brand’s promotional materials. The Chinese Knot, a decorative […] The post Fendi faces backlash over misattribution of Chinese knot design appeared first on Dimsum Daily.
Hong Kong embraces RISC-V open-source chip design to secure spot in China semiconductors
Amid a flurry of RISC-V-focused conferences in China, Hong Kong is promoting research in the open-source chip standard.
