Stories from Hong Kong · Hong Kong

Hong Kong authorities have arranged for residents of Wong Tai Sin to return to their properties to collect belongings. The process will begin with the 7th floor and proceed from lower levels upward. Chinese battery manufacturer CATL has raised $5 billion through a listing in Hong Kong. The facility will serve as the city's third medical school and is being established by the Hong Kong University of Science and Technology. The government approved plans for the school last November. Lee stated the institution will improve the quality, efficiency, and capacity of Hong Kong's healthcare services. Hong Kong has begun construction on a new medical, education, and research complex. The project aims to increase the region's medical education capabilities. Official figures also indicate that Hong Kong home prices have reached their highest level in over two years due to a stock market boom.

Hong Kong is implementing new air pollution emission standards that align with international levels. Secretary for Home Affairs Yeung Hok-pei is overseeing the matter. The Hong Kong Housing Authority is preparing a buyout plan for Wang Qi residents similar to previous seven building schemes. Secretary for Home Affairs Matthew Yeh stated at a Legislative Council committee meeting that the buyout plan for seven buildings in Wang Qi remains consistent. Hong Kong Deputy Financial Secretary Wang Weileun stated that owners in Wong Chi Kwok have shown preliminary consensus regarding a long-term residential arrangement. Residential subdivided units in Hong Kong must meet eight minimum standards to ensure safe, hygienic, and reasonable living conditions. Units that obtain recognition for legal lending must comply with these requirements.

A new integrated waste management facility in Hong Kong will use incineration technology to process 3,000 tons of solid waste daily. The IPOC2 facility is expected to generate 960 million kilowatt hours of electricity by processing solid waste. The new IPOC2 plant includes a specialized ash recycling facility to facilitate circular resource use, according to the director's briefing. The power generated will be output directly into the electrical grid. Hong Kong Secretary for Commerce and Economic Development Yau Ying-wah stated that the number of companies based in Hong Kong exceeded 10,000 last year. The Hong Kong special administrative region government has established a task force to assist mainland enterprises in expanding overseas.

Reports indicate OpenAI is plotting to go public within this year. The company faces increasing competition from established US firms like Google and Anthropic, as well as emerging Chinese competitors. The move comes as the company seeks to maintain its position as a pioneer in the industry.

A reported net profit of $536 million was achieved on $8.6 billion in revenue for the 2025 fiscal year. The application process is scheduled to begin in the second quarter of this year. The source advises individuals with urgent housing needs to apply immediately. Hong Kong authorities estimate approximately 900,000 tourists from mainland China will arrive for the upcoming Golden Week and International Workers' Day period. Hong Kong-based taxi operator Si Le Paradise announced fiscal year 2025 results with revenue of nearly 8.7 billion HKD. This comes as the city's property market continues to rebound, with home prices reaching a 28-month high last month. The figure was reported in a recent fiscal report. The company employs approximately 9,000 full-time and part-time staff. New Pixar and Marvel-themed attractions are currently under construction and scheduled to launch next year.

A horizontal bridge rotation method has been deployed in Hong Kong to span across the East Rail Line. Hong Kong government officials announced new open quotas allowing permanent residents and companies to drive across the Hong Kong-Zhuhai-Macau Bridge to Macau. The quota includes 200 spots for permanent residents and 200 spots for companies. Applications for these spots open this Thursday. Successful applicants will be permitted to travel to Macau multiple times starting in mid-July. The measure is intended to provide additional convenience for travelers. Haley Yip reported on the implementation of these new driving access rules. Current quota holders issued after September 2023 are not eligible for this specific arrangement. Successful applicants can travel to Macau multiple times using the bridge from mid-July until the quota expires in 2029.

Belief in intuition remains strong despite modern technology. Younger generations, specifically Gen Z, are most likely to claim psychic traits. The source noted that for many, this belief remains a guiding force.

The total value of blocked cargo for a specific company is estimated at approximately $5 billion. Weekly insurance costs for a vessel in the Red Sea represent about 1.8% of the ship's total value. These insurance costs are renegotiated every week, leading to accumulated expenses. The report included interviews with special correspondent Eric Destiné in Hong Kong.

The Fanling to East section of a major transport infrastructure project in Hong Kong is scheduled to open on May 3. The Eastern section of the Fanling Bypass will open tomorrow at 8 AM.

Hong Kong Chief Executive John Lee attended a groundbreaking ceremony for a new medical research and teaching complex at the Hong Kong University of Science and Technology. Prices for small and medium units rose 1.4% month-on-month, while large units rose 0.9%. Prices have risen for ten consecutive months with a monthly increase of 1.4% and a year-on-year increase of 9.8%. The central bank's latest report indicates that interest rates are lower than market expectations. SMIC decreased 9.6 percent to 67.35 HKD, while Xiaomi fell 7.6 percent to 30.34 HKD. The Hang Seng Tech Index declined 5.4 percent, according to the report. Kuaishou shares reached a low of 42.6% this morning, down over 2% from last week's close. South Xi Technology shares rose 271.2% following a 3.5% increase last week. Certain stocks saw double-digit declines, with some falling nearly 20 percent due to share placement.