Hong Kong

From establishing itself as a congregation of all and a cross pollination of buyers and art, the Hong Kong auction market has matured since 2000. It went from highlighting Asian art and artists to internationalising and conflating East and West, and then becoming a marketplace for a “curated” Asian palate with a huge appetite for Western contemporary works. The market has always ruled, and as the pace of life quickens and social media permeates daily life, so has the need for novelty and peer recognition increased.

Hong Kong’s stock market has taken a beating recently, with the number of IPOs and trade volumes in a slump. Amid the different factors causing the poor performance, including the economic situation in mainland China, analysts believe that the Hong Kong Stock Exchange’s long-running focus on the West and oversight of Southeast Asia needs to be addressed. Lianhe Zaobao journalist Liu Sha finds out more.

Hong Kongers have recently found a nearby spending destination in mainland China: Shenzhen. Since the summer vacation, a steady wave of tourists from Hong Kong has crossed the border to visit the various shopping spots in the mainland Chinese city. Lianhe Zaobao journalist Daryl Lim shares his findings from interviews in Shenzhen.

Did the wise men understand the profundity of the words “Instead of flattering ao (奥), it is better to flatter zao (灶)” when they used it as an oracle in the drawing of divination lots? Cultural historian Cheng Pei-kai delves into the historical background of the quote from the Analects and what we can learn from it.

Meituan, mainland China’s food delivery giant, made its first foray outside the mainland to Hong Kong recently, under the brand KeeTa. It faces stiff competition from incumbents Foodpanda and Deliveroo, amid a strong sense of local identity among Hong Kong residents which may affect take-up rates to some extent. Nevertheless, this is a testbed for Meituan’s internationalisation plans. Lianhe Zaobao journalist Tai Hing Shing reports.

Lianhe Zaobao journalist Tai Hing Shing looks at the recent issuance of Interpol “red notices” by the Hong Kong government on eight pro-democracy activists living overseas, and what the move signals.

Even after announcing his retirement in 2018, Hong Kong business magnate Li Ka-shing is still making headlines. From the introduction of his granddaughter to the family businesses to the recent divestments of his companies from the UK and Europe, recent developments have led analysts and the public to speculate on mainland China’s economic conditions and whether Li could make a comeback. Lianhe Zaobao’s China Desk delves into the recent developments surrounding Hong Kong’s “Superman”.

Greater prosperity in the Guangdong-Hong Kong-Macau Greater Bay Area would require greater synergising and complementarity between the core leading cities of Hong Kong, Shenzhen and Guangzhou. But this is easier said than done, especially for Hong Kong. EAI senior research fellow Yu Hong explains.

Hong Kong youths are getting a lot of support from the HK government as well as local governments from the Greater Bay Area (GBA) to develop their entrepreneurial potential in the GBA. While it means more opportunities for HK youths to pursue their entrepreneurial dreams, starting a business in an unfamiliar turf is no child's play. Lianhe Zaobao journalist Tai Hing Shing reports from the GBA.