1 Maldivian Rufiyaa = 0.501 Hong Kong Dollar

1 Malaysian Ringgit = 1.7921 Hong Kong Dollar

1 Nicaraguan Cordoba Oro = 0.2258 Hong Kong Dollar

1 Netherlands Antillean Guilder = 4.3265 Hong Kong Dollar

1 Estonian Kroon = 0.5446 Hong Kong Dollar

1 Danish Krone = 1.1288 Hong Kong Dollar

1 Fiji Dollar = 3.4473 Hong Kong Dollar

1 New Zealand Dollar = 4.7673 Hong Kong Dollar

1 Croatian Kuna = 1.1194 Hong Kong Dollar

1 Peruvian Nuevo Sol = 2.285 Hong Kong Dollar

1 Dominican Peso = 0.1411 Hong Kong Dollar

1 Papua New Guinean Kina = 2.2642 Hong Kong Dollar

1 Brunei Dollar = 5.4958 Hong Kong Dollar

The social turmoil in Hong Kong has triggered an economic crisis, raising questions over the special administrative region’s future as a major financial hub on mainland China’s doorstep. 

Working hours in Hong Kong Some employers are surprised to learn that (save for rules regarding children, young persons in industrial undertakings, statutory holidays and rest days) there is no regulatory framework restricting or monitoring standard...

More flexibility for group companies to enforce proprietary rights and restrictions against employees? The Contracts (Rights of Third Parties) Ordinance (Cap. 623) (the “Ordinance”) came into force in Hong Kong on 1 January 2016. The Ord...

On 8 April 2020 the Hong Kong Government announced a second round of Anti-Epidemic Fund measures. While full details have yet to be released, we summarise the available information for some of the more significant measures: Employment Support Schem...

We previously reported on the Hong Kong government’s Employment Support Scheme (“ESS”) to help employers defray salary costs and maintain employment. Earlier today on 17 April 2020, the government published more...

We have previously reported on the initial details of the Hong Kong Government’s Employment Support Scheme (“ESS”) on 17 April 2020. Funding for the ESS has now bee...

The guards were acting at the behest of a pro-Beijing politician whose authority to order their removal has been questioned.

Eversheds Sutherland has announced 38 partner promotions across its global network. A total of 16 of these promotions are female which is in line with its goal to achieve 30% female representation at partner level by 2021.  In Asia, we are plea...

HONG KONG - Holdout anti-government protesters remained in control of a major arterial road in Hong Kong on Monday a day after organisers said two million people flooded the streets in a historic rebuke of the city's pro-Beijing leader.

In May 2017, David Webb, an activist investor and former director of the Hong Kong Exchange and Clearing Limited, issued a report titled "The Enigma Network: 50 stocks not to own". This report mapped out a complex web of cross-shareholdings between ...

Companies nowadays are placing a greater emphasis on environmental, social and governance (“ESG”) matters as they recognise what the impact of these may have on their businesses. Coupled with the increased demands from investors on discl...

  Discover how coronavirus is impacting AGMs for Hong Kong listed companies with this COVID-19 briefing from global law firm Eversheds Sutherland With the recent surge in the number of coronavirus disease 2019 cases in Hong Kong, this has prese...

2020 looks set to be a significant year for privacy, cyber security and Internet content reforms in China and Hong Kong. On 20 December 2019, the Cyberspace Administration of China released the “Regulation on Governance of Internet Information...

As a general rule of data privacy protection in Hong Kong, personal data should be used only for the original purpose for which the data was collected, or a directly related purpose. One exception is where the data user obtains the consent from the ...

The case of So Sau Lai Connie v DBS Bank (Hong Kong) Ltd [2017] HKEC 29 is a typical letter of credit fraud case. This case illustrates whether certain “red flags” may constitute discrepant presentation or a fraud indication. Background ...

As governments across the world scramble to roll out containment plans to stem the spread of the coronavirus, a survey has found most people are unimpressed with their leaders’ responses to the pandemic.Political leaders from China, Vietnam and New Zealand were ranked highly by their citizens in the survey of 23 economies, scoring 86, 82 and 67 respectively while those in France, Hong Kong and Japan came in last, scoring 14, 11 and 5.When it came to overall scores – a measure taking into…

As Asia’s rich contemplate where to place their nest eggs, most have overwhelmingly chosen Singapore over rival international financial centre Hong Kong so far this year, according to the region’s largest wealth manager.High-net-worth individuals have mainly instructed their private bankers at UBS to place new money in Singapore rather than Hong Kong, said Edmund Koh, the Swiss bank’s president in the Asia-Pacific region. Last year, the region’s high-net-worth individuals opened more new…

Cathay Pacific is looking at “structural change” as it investigates how to downscale its business in the wake of the coronavirus pandemic, the Post has learned.Hong Kong’s flag carrier is mulling scenarios that could reduce staff headcount, routes served and planes flown, as well as the possible consolidation of its airline brands, in drastic steps that would mirror those taken by rivals in recent weeks.“We are currently working with colleagues from across the airline to model varying degrees…

Hong Kong doctors have performed Asia’s first heart transplant using a new technology invented in the United States that keeps the organ warm, beating and supplied with blood during the transfer, in a medical breakthrough that will enable more life-saving operations across borders.Dr Timmy Au Wing-kuk – chief of Queen Mary Hospital’s cardiothoracic surgery department, which carried out the medical procedure – hailed the Organ Care System as a success story that could not only allow up to five…

Alarmed by the amount of rubbish they were generating by just drinking coffee and eating cup noodles, two former garments entrepreneurs decided it was time to find an eco-friendly alternative to all the plastic packaging that ends up in landfills globally.George Chen Dah-ren and Vivian Chang first approached material scientists in Hong Kong and mainland China, and were in 2013 pointed in the direction of Alexander Bismarck, then a Materials Science professor at Imperial College London. The…

Charles Li, one of the longest-serving chief executives of a global financial marketplace, has thrown in the towel after more than a decade as head of the Hong Kong stock exchange (HKEX), in a surprise announcement to let his contract lapse in October 2021.The former oilfield worker, journalist and banker, also known as Li Xiaojia, will not seek reappointment when his current term expires at the end of October next year, according to a statement. He will continue to lead Asia’s third-largest…

The production of reusable masks for all Hongkongers was not for profit, a government official said as she revealed the manufacturer’s identity and defended the lack of a public tender for the project worth hundreds of millions of dollars.Annie Choi Suk-han, permanent secretary of the Innovation and Technology Bureau, said most of the masks were being made by Crystal International Group at a facility in Vietnam.The rest were assembled, disinfected and packed using three local facilities offered…

Two police officers have been arrested for possessing more than HK$12 million (US$1.9 million) worth of drugs, which the force believes were stolen from the record haul of crystal meth seized last week.One of the two policemen detained, a 41-year-old station sergeant, who is attached to the Kowloon West anti-triad squad, was caught with 2kg of Ice in the Royal Garden Hotel in Tsim Sha Tsui East on Thursday, police said, just days after being part of a team that seized 296kg of the drug in a…

Hong Kong recorded four new coronavirus infections on Thursday, all involving returnees from Pakistan the previous night, as the city prepared to bring back more residents stranded in South Asia.The diagnoses ended a two-day streak without any new cases, and takes the city’s total number of confirmed infections to 1,044.Dr Chuang Shuk-kwan, head of the communicable diseases branch of the Centre for Health Protection (CHP), said the patients in question, aged between 11 and 47, all returned to…

A Hong Kong decorator who suffered a loss of income during anti-government protests was sentenced to four months’ jail for attacking a man following a row over posting messages on a so-called Lennon Wall last year.Kwun Tong Court heard that around 10pm on August 26, Hui Ching-ngai engaged in a heated argument with Ho Chin-leng, who saw Hui tearing down posters from a Lennon Wall inside a pedestrian tunnel in Tseung Kwan O.Hui, 39, who was drunk, picked up a broom and an umbrella from the ground…

Bars will reopen across Hong Kong on Friday after a month-long coronavirus shutdown, as Lan Kwai Fong venues prepare to slash prices and the nightlife hub’s founder predicts takings as low as half normal levels.More than 100 frontline workers have been tested for the virus as part of the Central party zone’s relaunch, which comes as the government eases social-distancing restrictions in response to the improving Covid-19 situation in the city.Pubs and bars will only be allowed to operate half…

Disqualified lawmaker Lau Siu-lai was denied the opportunity to respond to allegations of not genuinely upholding Hong Kong’s mini-constitution before she was barred from trying to win back her seat in the Legislative Council, a judge has observed.Mr Justice Anderson Chow Ka-ming made the remark on Thursday while hearing an election petition from Lau, who has asked the High Court to determine whether pro-establishment lawmaker Chan Hoi-yan had been duly elected to the office of Kowloon West…

A serial litigant known for taking the Hong Kong government to court faces being declared bankrupt after the justice department filed a petition against him.Retired civil servant Kwok Cheuk-kin, dubbed the “king of judicial reviews” by the media, has been filing applications with the High Court since 2006, often challenging the legality of government policies and decisions.But many of his attempts ended in failure, and despite being ordered to bear the government’s legal costs in such…

Professor Samuel Yeung-shan Wong says he loves Canada, and wants it to learn from Hong Kong’s successes in the battle with Covid-19.Wong, director of the Chinese University of Hong Kong’s school of public health, earned his medical degree at the University of Toronto in the 1990s and did his residency in Halifax, Nova Scotia.When he chats with his Canadian cousins they tell him that “they aren’t going out”, he said. Hong Kong, meanwhile, has avoided a Canadian-style lockdown, and on Friday…

The eyes are an important route for the coronavirus into the human body, according to University of Hong Kong research which found the strain was up to 100 times more infectious than severe acute respiratory syndrome and bird flu in two facial orifices tested by the public health experts.Laboratory tests revealed the “virus level” of SARS-Cov-2 – the strain of coronavirus that causes the Covid-19 disease – was far greater than for Sars in the upper respiratory airways and conjunctiva, the cells…

Hong Kong lawmakers from opposing camps are gearing up for a showdown over control of a key committee in the legislature, with both sides bracing for physical clashes.The opposition camp is expected on Friday to filibuster at the Legislative Council House Committee meetings, using legal opinion obtained from two constitutional law experts. They will accuse pro-Beijing heavyweight Starry Lee Wai-king of conflict of interest in handling council affairs while standing for re-election, slamming her…

Exam authorities will carry out citywide research to develop an alternative student grading system in the event university entrance tests are cancelled because of future pandemics, Hong Kong’s education minister told the Post on Thursday.In an exclusive interview, Secretary for Education Kevin Yeung Yun-hung also said his bureau would review with schools how to better prepare for class suspensions, including teacher training and resources for non-traditional instruction methods.Hong Kong…