Latest news with #QuarryBay
South China Morning Post
a day ago
- Business
- South China Morning Post
HKEX displays iconic gong across Hong Kong to mark 25 years as listed entity
Hong Kong Exchanges and Clearing (HKEX), operator of Asia's third-largest stock market, is taking its iconic gong on a tour of the city over the next two weeks to commemorate 25 years as a listed company. The exchange operator will display the gong, used for listing ceremonies, on a truck alongside a first-generation trading booth at nine locations from Friday until July 3. The HKEX completes a quarter century as a listed entity on June 27. The public can view the display at tourist spots like the Hong Kong Observation Wheel in Central, West Kowloon, and Wan Chai, as well as residential areas such as Quarry Bay, Sha Tin and Tseung Kwan O. 'The gong is used for every listing ceremony and all important events,' said Bonnie Chan Yiting, CEO of HKEX, at the launch of the gong's tour at the Central Harbour Front on Thursday. 'To me, the gong not only represents listed companies, the HKEX and the capital market, but also Hong Kong – an international financial centre.' The HKEX is taking its iconic gong on a tour of Hong Kong over the next two weeks. Photo: Edmond So The city's stock market, which traces its roots to 1891, has always had a listing ceremony, with executives raising a toast to mark a company's debut. However, the first gong-striking ceremony was held on December 7, 2011, to mark the start of trading of gaming operator Melco Crown Entertainment.
South China Morning Post
13-06-2025
- South China Morning Post
Hong Kong DSE documentary star guilty of shoplifting for the second time
A Hong Kong student who gained attention for starring in a popular web documentary about the city's university entrance exams has been convicted of theft for the second time. Tang Ngai-hong pleaded guilty to shoplifting at a supermarket. On Thursday, the Eastern Court recorded his guilty plea, admitting that he stole a bag of fruit and two packets of potato chips from the Fresh supermarket at Kornhill Plaza North in Quarry Bay on January 5. The offence took place just five months after the 19-year-old was fined HK$3,000 for stealing nearly HK$700 worth of food items from the Kowloon Bay branch of Japanese discount chain store Don Don Donki on May 8 last year.
South China Morning Post
12-06-2025
- South China Morning Post
Teen star of Hong Kong film on DSE exams convicted of theft again
A Hong Kong student who starred in a popular web documentary about secondary school public exams has been convicted of theft for a second time after pleading guilty to shoplifting at a supermarket early this year. Eastern Court on Thursday recorded a guilty plea from Tang Ngai-hong, who admitted to stealing a bag of fruit and two packets of potato chips from Fresh supermarket at Kornhill Plaza North in Quarry Bay on January 5. The offence took place just five months after the 19-year-old was fined HK$3,000 (US$380) for stealing nearly HK$700 worth of food items from the Kowloon Bay branch of Japanese discount chain store Don Don Donki on May 8, 2024. Acting Principal Magistrate David Cheung Chi-wai said a financial penalty was no longer appropriate given that Tang reoffended in a relatively short period of time. But the magistrate also noted the defendant's young age, timely plea and the relatively low value of the stolen goods. He adjourned sentencing until June 26, pending assessments on the defendant's suitability for either probation or community service.
South China Morning Post
10-06-2025
- Business
- South China Morning Post
As 2 Hong Kong art spaces seek new leaders, experts weigh in on the impact
Para Site and Asia Art Archive (AAA), two long-standing independent cultural institutions in Hong Kong, are simultaneously seeking new executive directors at a pivotal moment for the city's cultural scene. On June 2, Para Site in Quarry Bay announced that Billy Tang had stepped down as executive director and curator after concluding his three-year contract. The British-born former senior curator of Shanghai's Rockbund Art Museum took over from Cosmin Costinas – who had run Para Site for 11 years – in May 2022, just as Hong Kong lifted its Covid-19 pandemic ban on non-residents entering the city. Since then, the non-profit art space founded in 1996 has undergone major changes, such as embracing more environmentally friendly and longer-running exhibitions, and opening an additional exhibition space on the 10th floor of the building where it is based which has given emerging artists the chance to undertake more site-specific and interactive projects. Billy Tang stepped down as Para Site's director and curator on June 2, 2025. Meanwhile, AAA in Sheung Wan , which maintains an extensive art archive and runs regular public programmes and a well-used library, put up a job posting for a successor to Christopher K. Ho , who joined AAA as executive director in 2021.
South China Morning Post
05-06-2025
- Business
- South China Morning Post
How can consumers avoid being burned after collapse of Singaporean 1880 club in Hong Kong?
The Hong Kong branch of a Singapore-based private club has proceeded with liquidation with debts of about HK$20 million (US$2.5 million), following its abrupt closure after just seven months in business. Advertisement The Post unpacks the potential pitfalls of joining a private club and what consumers should do to protect themselves. 1. What's happened to 1880 Hong Kong? The private club, located at Swire Properties' Two Taikoo Place office complex in Quarry Bay, on Friday announced it was closing, citing 'cash flow difficulties' and failed attempts to raise funds. All memberships and associated privileges were discontinued. The move has left 100 employees without pay for two months and some members angered by sales made shortly before the closure. The company is believed to have owed staff members about HK$4 million in unpaid wages and around HK$15 million to suppliers and its landlord, Swire Properties, which has repossessed the premises. The club, which opened its doors on November 8 last year, occupied four floors offering event spaces, a gym with spa facilities and several restaurants. The sudden closure of 1880 Hong Kong club has left 100 employees without pay for two months. Photo: 1880 Each member had to pay a joining fee of around HK$24,000 and a monthly subscription fee of HK$1,300, or HK$14,000 for a full year, according to the founding member rates seen by the Post.
