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World's first Frozen-themed land opens at Hong Kong Disneyland

  • By: Yee Ling TSANG、Wai Sum CHEUNGEdited by: Tsz In Warren LEUNG
  • 2023-11-27

Hong Kong Disneyland unveiled its new playland based on the theme of the movie, Frozen. It is the first and only playland on this theme among the world’s Disneyland Resorts.  

Society

Midland Realty and subsidiaries face commission manipulation allegations

  • By: Xiya RUI、Hanzhi YANGEdited by: Ming Min AW YONG、Noah Tsang
  • 2023-11-17

The Competition Commission filed a lawsuit yesterday accusing Midland Realty. Holdings and its two subsidiaries over alleged sales commission fixing.  The Competition Commission alleges that Midland Holdings and its subsidiaries instructed agents to charge a minimum net commission rate of 2 percent for first-hand residential properties, starting from December 2022. Some members of the public have given their support to further address unethical practices in the real estate industry.  "I am very grateful to the Competition Commission for strictly supervising this matter," said Hurry Lee, 42 years old, a buyer who bought a home at Midland Realty in February. "The price-fixing in the real estate industry is deeply concerning," Lee said, "It means that homebuyers like me may have been paying inflated prices due to collusion. I paid nearly HK$200,000 in agency fees, but that could potentially be lower if there is fair competition." According to the data from The Land Registry, since the alleged commission manipulation artificially increased the rate to 2% in December 2022, the number of sale and purchase agreements of building units for that month hit its lowest point of the year at 3,565. Furthermore, last month witnessed a decline of 33.9% compared to October last year. "I also wish for lower agency fees, because it would make it easier for us to attract potential buyers when selling properties," said Galong Wong, a staff member at Midland Real Estate Agency. "Our salary is composed of a base salary and commissions earned for each transaction completed. While the entire real estate industry has collectively increased the commission rates to 2%, allowing the company to earn more money, our individual commission for selling a property has not seen a corresponding increase," Wong said. According to the investigation by the Hong Kong's Competition Commission, Midland had conspired with Centaline …

Society

Hong Kong TransLantau 2023 Returns With New Challenges

  • By: KONG Tsz YuenEdited by: Kei Tung LAM
  • 2023-11-13

Hong Kong TransLantau hosted by UTMB, marked its triumphant return on Nov 10 after a two-year pause due to the pandemic. This year’s new challenge was the TL140, a 129 km trail boasting a cumulative elevation gain of 6,700 metres. The three-day event on Lantau featured four different trails, including 25 km, 50 km, 100 km, and 129 km.  Participants of the 129 km trail needed training in order to complete the course within the 40-hour timeframe. Participants had to go up and downhill with the highest point at Lantau Peak at a rise of  934 metres. There were 12 strategically placed refreshment posts along the course. To enter the TransLantau140 by UTMB, runners had to complete a 50 km or 100 km trail race in under 12 hours. Tom Joly from the UK, the winner of TL140, crossed the finish line in 16 hours and nearly 48 minutes. He has won Ultra Sierra Nevada Trail 2022, 2023, Kong Lakes ultra-long course 2022, and more.  Among the contenders, Grace Law, 34, who ranked among the top five in the 35-39 age group for women for  100 km, said she has been preparing for this competition for over six months. Law said her preparation included testing energy gels and creating a personalized food approach, such as a plant-based Onigiri known for its sour and sweet taste, resistant to spoilage. “The food preparation is very personal. One of my foods is plum Onigiri; the taste is sour and sweet, and it does not spoil, and I need a plant-based Onigiri,” said Law. “The support team must be very sensitive to the runners’ condition. If the condition is not good, the runner may need to rest for an extra minute, requiring a support team familiar with the runner to adjust,” she added. The …

Society

FinTech Week puts spotlight on tokenization and cross-border transactions

  • By: Runqing LIEdited by: Zimo ZHONG
  • 2023-11-04

Hong Kong FinTech Week 2023 came to a close on Friday, attracting over 30,000 participants during the two-day event. This year’s theme was “Fintech Redefined”. The conference focused on policy and regulatory innovation, the shift from web2 to web3 and AI, and leveraging technology for inclusion, ESG, and Green Finance. It has been the eighth year for Hong Kong to hold one of the largest and most influential fintech events in Asia, featuring more than 500 speakers both online and offline. Compared to last year, organisers have doubled the floor space at the Hong Kong Convention and Exhibition Centre to accommodate 540 exhibitors. “No other economy can claim our unique advantage under the ‘one country two systems’ principle, to draw on and create opportunities from both our country and the world at large,” said John Lee, the Chief Executive at the opening on Thursday. After one of the largest financial frauds in Hong Kong history, which involved a loss of HK$1.5 billion in the JPEX cryptocurrency exchange in October, the focus of this year's conference shifted from last year's virtual assets to tokenization and cross-border transactions. On Friday, the government announced a three-pronged strategy for fintech development, two of which involve expanding the use of digital yuan and Web3 technology.  On Thursday, the Securities and Futures Commission issued two circulars on tokenized securities, opening retail access under the condition of prior notification and business plan discussions with the Securities and Futures Commission and with smart contract audits. Alan Ding, 35, a business director of a Hong Kong-based company in Web 3 and cryptocurrency, said that Hong Kong provides a good business environment for Fintech companies. But he still hopes the Hong Kong government can implement more “specific policies”. Ding added that although the Hong Kong government supports Fintech, it is …

Society

No more COVID restrictions for Hong Kong-mainland travellers

  • By: Yuqi CHU、Junzhe JIANGEdited by: Zimo ZHONG
  • 2023-11-01

Travellers to and from the mainland no longer have to fill in a health declaration form from today according to the General Administration of Customs of China. But Chinese Customs urge travellers who have symptoms of infectious diseases such as fever and cough to declare their health condition to customs officers Scrapping the health declaration form requirement marks an end to all “Zero COVID Policies” introduced in January 2020 in Beijing’s attempt to control the spread of infection. Commonly known as the “Black Code”, travellers would be sent a QR code and a bar code after filling out the declaration form. “The Black Code is a waste of time, and I always forget to make the health declaration,” said Zoey Cheung, 22, a student from Hong Kong University. She said the “Black Code” is useless rather than calculating the number of travellers who cross the border. Many travellers like Zoey had to buy data just to fill in the form at border crossings because the Wifi signal was too weak. Lam Si-Jung, 35, a bank teller, said: "Scanning the Black code using WeChat is simple for young people. But for older people like my parents, it is troublesome and that reduces their willingness to go to Shenzhen." “It used to take me about 90 minutes to travel from Shenzhen to Hong Kong,” said traveller, Sun Xintong. “But now it takes me only 10 minutes to cross the border after the black code is cancelled”.  But the cancellation of the Black code is not good news for everyone.  Simon Wong Ka-wo, the president of the Hong Kong Federation of Restaurant and Related Trade, is worried that more people might go north to the mainland to spend their money and consequently slow down consumption in Hong Kong. According to the Immigration Department, …

Society

Copenhagen Airport said Storm Babet causes Flight chaos

  • By: Tsz Yau CHANEdited by: Rajnandini PANDEY
  • 2023-10-31

On Friday, storm Babet caused 142 flight delays or cancellations at Copenhagen Airport. Denmark’s state forecaster issued a category 3 warning on storm surges in the southern area of Denmark and lifted the warning the next morning. According to the Danish Meteorological Institution, DMI, on the night of the violent storm surge, several regions across the nation recorded the highest water levels in 100 years, with sea levels rising to two meters above normal in some places.  There was no significant damage to airport facilities, and minor damages were repaired swiftly. All affected passengers were compensated with hotel stays and rebooking of flights in the following days. At midnight, more than 200 passengers were stranded at the airport waiting for hotel accommodations and flight rearrangements. Ellia Osborna and her friend Faye Ainsworth, both 22-year-old physiotherapists, visited Copenhagen for three days and were about to return to Manchester, England, when storm Babet hit. Their flight was delayed for over two hours and was eventually cancelled. They were compensated with a hotel stay for two nights and a rebooking of a flight transferring at Amsterdam two days later. “We are supposed to be working tomorrow for a football match, but now we’ll have someone to cover for us, which causes us to lose about 50 GBP (HK$475) each,” said Osborna. “The waiting process was tiring but it could have been worse,” she added. Ainsworth said that the airport ground staff was not very helpful throughout the process. “The staff just gave us a piece of paper and told us to complete all the rebooking process on the app, without much explanation,” said Ainsworth. “I think the staff is not really prepared for such situations,” she added. Another traveller, Hussein Shaheen, 63, was travelling to Belgrade, Serbia, to visit his friend but was …

Society

Wine & Dine Festival 2023: A Culinary Delight and Cultural Celebration

  • By: KONG Tsz Yuen、Wai Yan MIUEdited by: Rex Cheuk
  • 2023-10-31

Hong Kong Wine and Dine Festival reopened at the Central Harbourfront event space on Oct. 26 after five-year hiatus because of the pandemic and the 2019 social movement. The four-day festival features over 300 booths with food and drinks from 36 nations and regions, ranging from France and Italy vintages to Chinese spirits. In addition to trying out the drinks, visitors can also taste different foods from demonstrations and workshops such as learning how to brew coffee from Coffee Academics. Visitors can also enjoy stage performances from groups including VSing, a gold medal-winning cappella group. The Hong Kong Tourism Board's annual event is part of the government's "Night Vibes Hong Kong" Campaign, designed to revitalise the city's sluggish night economy by showcasing entertainment, culture, and art events. “I can't wait to tell you that Hong Kong people are indeed really true French wine lovers. Despite the pandemic, Hong Kong still imported 13 to 14 million bottles of wine,” said Hong Kong’s finance chief Paul Chan Mo-po at the opening ceremony. Apart from a wide selection of wine from eight main regions , including  France, Spain and Japan, the festival also presented  new lettuce wine from Thailand and Singapore, said Chan. According to the Hong Kong Tourism Board, the wine carnival attracted total 140,000 people during the four-days event. “The festival is much bigger than I expected,”  said Mustang Chau, a local visitor who waited for about 45 minutes at the entrance. Xige Guanlan Group, a Chinese winery, introduced “a series of new products at the festival, including four different flavours of white wine,” said Christelle Chene, International Affairs Director of the group. The Ningxia-based vineyard participated in the festival in a bid to promote and encourage more Hong Kong people to taste Chinese wines. “By using cans for packaging, the …

Society

Policy Address 2023: Unveiling more details on Northern Metropolis plan amid conservation inadequacy

  • By: James Ezekiel Kalaw MODESTOEdited by: Nga Ying LAU、Ho Yi CHEUNG
  • 2023-10-25

Chief Executive John Lee announced more details on the Northern Metropolis project, the "new engine" for Hong Kong growth, in the 2023 Policy Address on Wednesday.  The government will release the Action Agenda for the Northern Metropolis shortly, which merges with the planning of Shenzhen and other Greater Bay Area cities, following the new establishment of a supervision body, the Northern Metropolis Coordination Office. The Northern Metropolis will include  initiatives, such as building tertiary institutions and international schools, reserving sites for government offices and building art and cultural facilities. The government also plans to expedite development through the Enhanced Conventional New Town Approach, and repurpose a previously planned public columbarium site in the North District for innovation and technology purposes. The Northern Metropolis will be divided into four major zones, including a high-end professional services and logistics hub, an innovation and technology zone, a business and industrial zone at the border control points, and a blue-green recreation and tourism eco-system. However, while the project is steered towards further socioeconomic development, conservationists are worried about the impacts it could bring to the environment. The project mainly covers the Yuen Long and the North districts, two areas known for their ecosystem and biodiversity, housing a diversity of plants and wild animals. Michael Lau Wai-neng, 60, the founder of the Hong Kong Wetlands Conservation Association, said that a large-scale project can be “detrimental to Hong Kong's ecosystem”. "Wetlands, marshes and mangroves provide natural protection against extreme weather, where they can absorb water during floods and heavy downpour," said  Lau. "Wetlands in Hong Kong not only support exceptional biodiversity, but also mitigate climate risks," he said. Lau suggested that the government should look into incorporating natural infrastructure into future drainage and water systems to help mitigate extreme weather risks as opposed to building concrete …

Society

Key Takeaways of 2023 Policy Address

  • By: Rex Cheuk、Mei Ching LEEEdited by: Ming Min AW YONG
  • 2023-10-25

   

Society

Policy address 2023: Hong Kong to pay HK$20,000 for each newborn baby

  • By: Yuqi CHU、Juncong SHUAIEdited by: Chengqi MO
  • 2023-10-25

Hong Kong Chief Executive John Lee announced a plan to pay parents a HK$20,000 newborn baby bonus among other incentives including tax-deduction, housing arrangement and child caring services in an attempt to reverse the falling birth rate. “It is imperative that the Government set a firm policy direction to encourage childbearing amid our persistently low birth rate,” Lee said. Hong Kong’s birth rate hit its record low last year, with only 701 live births per 1000 women, according to the latest statistics from Census and Statistics Department. The one-off cash bonus of $20,000 will be provided to parents who are Hong Kong Permanent Residents for each baby born from today in Hong Kong.  The government will also raise the accommodation-related tax deduction ceiling for home loan interest or domestic rents from HK$100,000 to HK$120,000, for those who live with their first child born today or after until the child is 18-year-old. To further support those families with newborns, more priority will be given for them  in subsidised sale flats purchase and public rental housing allocation.  Lee noted that from next April, the household and child allowances will increase 15% to alleviate the working family’s childbearing burden. More childcare centres are also planned to open in the coming years. Next year, the pre-primary child care assistance  Sylvia Pun, 27, who is newly married, said the new policies inspired her to consider having a child.  “This represents the government’s determination to encourage parents to give birth and raise children. I hope that there will be more comprehensive policy help in the future to dispel the worries of fertile parents,” she said. However, Lee Tsz-han, 29, felt disappointed by the incentives. “As far as I know, the cost of vaginal delivery in private hospitals generally ranges from HK$40,000 to HK$60,000,” she said, “HK$20,000 …