The Young Financial Post

Business & Finance

Government ban drives e-cigarettes to black market

Hong Kong government is set to impose a full ban on the getting popular e-cigarettes and heat-not-burn cigarettes, and some legislative councillors believed that the policy would ruin the legal market and push the products into the black market. E-cigarettes have become popular in recent years in Hong Kong as well as in the United States. According to …

Business & Finance

Poor public wet market management needs to be fixed

Hong Kong Chief Executive Carrie Lam Cheng Yuet-ngor has promised to build public wet markets in newly developed areas to help counteract the near monopoly of the Link Real Estate Investment Trust (Link Reit), but people said the ineffective management of public wet markets remains a problem to be solved. The Office of The Ombudsman said in an investigative report …

Business & Finance

Shared homestay pressures HK hotels in low season

Reporter: Kevin Lau Editor: Winnie Lee Shared homestay has become the top choice of young visitors to Hong Kong, affecting the city’s hotel industry with the business of some traditional hotels falling below breakeven levels during the low tourist season, industry people said. Liu Gongcheng, chairman of the Hong Kong Tourism Hotels Association, said that …

Business & Finance

Unstaffed stores hard to develop in Hong Kong

Unmanned stores have been introduced to Hong Kong hoping to improve retailers' profit margins by reducing staff costs, while business insiders believe it may be difficult to expand their business in the short run because customers are not yet accustomed to this new shopping experience. Amazon Go, unmanned store chain in the United States that …

Business & Finance

Hong Kong rekindles love for bubble tea

Many Hong Kong people are willing to spend an hour even more time waiting in lines just to buy a cup of bubble tea and that returned love for such beverage has lured more and more traditional Taiwanese tea shop operators to come and tap the market. “We want to expand our business to other …

ANC talks down economic impact on possible Spain-Catalonia split

  • 2018-05-30

Reporter: Howard Liu、Jeannie Tang、Lisa Wang、Only He (Reported from Spain) Editor: Howard Liu The potential independence of Catalonia would not harm its economy and the impacts would be eliminated within two years, said Liz Castro, the spokesman of the Assemblea Nacional Catalana (ANC). Assemblea Nacional Catalana (ANC) office in Barcelona. ANC, which is known as Catalan …

HK public annuity helps lessen social welfare burden

  • 2018-04-26

Hong Kong plans to launch a public annuity scheme in hopes of providing a stable return with relatively low risks to the elderlies and helping lessen the government's social welfare burden of an ageing population. “The public annuity plan provides a stable return and helps the government to raise money,” said Yeung Wai Man, a …

Business & Finance

Plus-size fashion shines in Hong Kong

Plus-size clothing shops are getting popular in Hong Kong, challenging the slogan "skinny equals beautiful" and providing more fashionable options to curvy girls and women. The Body Positive Movement started in the U.S., encourages people to love their bodies no matter what shape you are. It uses social media networks to spread messages like fat bodies …

Business & Finance

Young home buyers keen on first home program

NewGen First Home Program, which aims to help young people to buy their first property with an initial down payment as low as 7.5%, has been oversubscribed by more than 80 times, showing a strong demand from Hong Kong's new generation. New World Development (0017) unveiled the program earlier this year for people aged between 25 …

【2018 Budget】HK government puts $796 million in elderly health care

  • 2018-02-28

Hong Kong Financial Secretary Paul Chan said in his 2017/18 budget speech that the government is going to spend $796 million in elderly health care, including raising the limit of accumulated Elderly Health Care Vouchers to $5,000 from $4,000 and providing an additional $1,000 worth of vouchers to eligible elderlies. Elderly Health Care Vouchers, which …