CDF to acquire LVMH’s Hong Kong, Macao travel retail businesses
The deal was valued at no more than $395 million, based on the aggregate enterprise value of $400 million. The acquisition will be “funded by internal resources, and settled in…
The deal was valued at no more than $395 million, based on the aggregate enterprise value of $400 million. The acquisition will be “funded by internal resources, and settled in…
Singapore and Shenzhen have collaborated on a Smart City Initiative project since 2019, aiming to enhance digital connectivity, promote innovation, and create opportunities for…
Hong Kong and Macao consumers face regulatory mismatches, with mainland products adhering only to mainland standards, rather than Hong Kong or Macao requirements.
The government noted that the city's business environment and employment market have been improving, with the unemployment rate and inflation rate remaining relatively low.
With an open mind, people there have developed a pattern of practice and lifestyle that embrace innovation, Professor Jiang Shuzhuo said.
The Macao center will protect the cultural heritage of Macao, and design cultural offerings related to the Palace Museum, which is also known as the Forbidden City.
President Xi said that the long-term prosperity and stability of Hong Kong and Macao is part and parcel of the building of a strong China.
“Being special administrative regions, both Hong Kong and Macao will leverage on their unique advantages under ‘one country, two systems’", he said.
The Hong Kong and Macao Affairs Office of the State Council announced the normalisation of group tours between the mainland and the two SARs.
Average daily visitor arrivals reached more than 51,000, a year-on-year surge of 217 percent, the government said.