A 49-year-old cyclist has died after losing control of his bicycle and falling onto the road in Stanley.
The accident occurred at about 10.30am, as the man was riding along southbound Tai Tam Road, near Pak Pat Shan Road.
The cyclist was sent to Pamela Youde Nethersole Eastern Hospital where he died.
Witnesses should call Police on 3106 8800.
More than 600 participants from the Junior Police Call and other youth uniformed groups have attended the Police recruitment seminar at the Hong Kong Police College today to learn more about the force's revised physical fitness test.
The revised test comprises an 800-metre run, a 4 x 10m shuttle-run during which candidates need to pick up bean-bags from the ground, a vertical jump and handgrip tests.
Starting from October, the revised test will be launched on a pilot basis for 12 months.
The Police Recruitment Division said the new physical fitness requirements were commensurate with the force's daily duty needs.
The force invited Prof Hui Sai-chuen of the Department of Sports Science & Physical Education of the Chinese University of Hong Kong to review its physical fitness test, which has been in use for nearly 30 years.
After a series of scientific researches, the four test items were identified as the most relevant to the physical requirements of daily Police work.
The force aims to recruit 1,510 Police officers this year, including 190 Probationary Inspectors and 1,320 Recruit Police Constables. The next major Police recruitment event is the summer recruitment day to be held on July 25.
Scotland-headquartered Aberdeen Asset Management PLC has agreed to acquire FLAG Capital Management, LLC, a manager of private equity and real asset with offices in Connecticut, Boston, Massachusetts, and Hong Kong, according to a company announcement. Financial details of the deal were not disclosed. In 2012, FLAG Capital acquired Squadron Capital Management Limited, a Hong Kong-based […]
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Secretary for Security TK Lai says the Government respects Malaysia's decision to refuse entry to legislator Leung Kwok-hung.
He made the statement today in response to a reporter's question, adding the Government respects immigration decisions made by other jurisdictions according to their laws.
He said the Government will not intervene in the issue.
Meanwhile, Mr Lai said disciplinary services officers deployed at immigration checkpoints will help implement Middle East Respiratory Syndrome quarantine measures.
The Immigration Department and Police arrested eight Mainlanders, aged 43 to 60, in a crackdown on illegal employment in North District yesterday.
The four men and four women were arrested for breaching their conditions of stay by being involved in parallel goods trading at Castle Peak Road – San Tin.
Officers seized milk powder, daily necessities, cosmetics and electronic products.
A total of 2,297 Mainlanders and 14 Hong Kong residents have been arrested for parallel goods trading since 2012. Of these, 216 Mainlanders have been prosecuted, and 206 of them have been jailed.
The reported liquidity drain of over RMB100 billion by China's central bank does not indicate the start of the country's monetary policy reversal. China will continue deploying further loosening policies via interest rate cut and bank reserve requirement ratio (RRR) cut, says a BofA Merrill Lynch Global Research report. The People's Bank of China (PBoC) […]
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The reported liquidity drain of over RMB100 billion by China's central bank does not indicate the start of the country's monetary policy reversal. China will continue deploying further loosening policies via interest rate cut and bank reserve requirement ratio (RRR) cut, says a BofA Merrill Lynch Global Research report. The People's Bank of China (PBoC) […]
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Private equity firm Warburg Pincus LLC has launched a share sale worth as much as US$341 million in Hong Kong-listed Chinese car rental company, CAR Inc., in an exit that will bring proceeds that are 1.5 times of its original investment. Warburg Pincus is reportedly offering 140 million shares at an indicative price range of […]
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Shenyang, Liaoning province-based Chinese bio-pharmaceutical firm 3SBio Inc., backed by CITIC Private Equity Funds Management Co. (CITIC PE), is seeking to raise as much as US$712 million in a Hong Kong initial public offering, according to a securities filing. The company is offering 606.1 million shares at HK$8.30 to HK$9.10 apiece, with a valuation of […]
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Shenzhen-based Chinese consumer drone maker SZ DJI Technology Co. has jointly launched a US$10 million investment fund with venture capital firm Accel Partners to back start-ups in the unmanned aerial vehicle (UAV) industry, according to an article posted on DJI's Twitter account. The 50-50 joint investment vehicle, named the SkyFund, will raise additional capital in […]
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Shenzhen-based Chinese consumer drone maker SZ DJI Technology Co. has jointly launched a US$10 million investment fund with venture capital firm Accel Partners to back start-ups in the unmanned aerial vehicle (UAV) industry, according to an article posted on DJI's Twitter account. The 50-50 joint investment vehicle, named the SkyFund, will raise additional capital in […]
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Cathay Capital Private Equity has invested in Cabio Bioengineering (Wuhan) Co., Ltd., a Chinese company that focuses on natural food ingredients production, according to a company announcement. Cathay Capital, investing through its Sino French (Midcap) Fund, is to hold a 25% minority stake in the company after the completion of the transaction. Financial details were […]
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NASDAQ-listed Weibo Corporation has agreed to invest US$142 million in a company that combines two leading Chinese taxi-hailing app makers, Didi Dache and Kuaidi Dache, according to a securities filing. The investment is part of the merged company Didi Kuaidi's latest round of equity financing. Weibo is to invest through its Cayman Islands holding company, […]
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Beijing-based O2O (online-to-offline) automobile maintenance service provider eBaoyang has received US$20 million series B financing led by Shenzhen-listed online gaming firm Beijing Kunlun Technology Co., Ltd., according to Chinese media reports. Beijing Kunlun invested US$11 million, while existing investor Source Code Capital also participated. Founded in January 2014, eBaoyang launched its services in May 2014. […]
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Connecticut-based online travel booking website Priceline Group Inc. has agreed to invest an additional US$250 million in Chinese travel service group Ctrip.com International Ltd., according to a joint announcement. The investment will be made via a convertible bond. In addition, NASDAQ-listed Ctrip has granted permission to Priceline to acquire Ctrip's American Depositary Shares (ADS) in […]
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The Immigration Department and Police arrested seven Mainlanders, aged 18 to 45, in a crackdown on illegal employment in Sheung Shui yesterday.
The three men and four women were arrested for breaching their conditions of stay by being involved in parallel goods trading at Ka Fu Close and San Wan Road.
Officers seized milk powder, food and vehicle components.
A total of 2,289 Mainlanders and 14 Hong Kong residents have been arrested for parallel goods trading since 2012. Of these, 216 Mainlanders have been prosecuted, and 206 of them have been jailed.
U.S. hedge funds Tiger Global Management LLC and SRS Investment Management LLC have agreed to invest US$150 million in New York Stock Exchange-listed Chinese rental car company, eHi Car Services Ltd., to help expand its fleet, according to a company announcement. Through a private placement deal, the two funds will subscribe to eHi's newly issued […]
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China's National Development and Reform Commission (NDRC) released a list of 1,043 proposed public-private partnerships (PPP) projects totaling RMB1.97 trillion (US$317.75 billion), and is inviting private capital to participate, according to a statement posted on the planning agency's website. The proposed projects are in the transport, water conservancy, natural resources, and public services sectors. China […]
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Here's a thoughtful piece worth reading: http://www.eastasiaforum.org/2015/05/25/glimpses-of-lee-kuan-yew/
Unisplendour Corporation Limited, a subsidiary of Tsinghua Holdings, will acquire a 51% stake in H3C from Hewlett-Packard for at about USD2.3 billion. The transaction is expected to close at the end of 2015 and it is still subject to the approvals of Unisplendour's board of directors and related government authorities. According to the agreement signed […]
Shanghai-based fresh fruit e-commerce platform Fruitday has completed US$70 million series C round of financing led by JD.com Inc., according to an announcement posted on the company's Weibo account. Existing investors SIG Asia Investments and ClearVue Partners also participated. As part of the financing round, JD.com and Fruitday also plan to establish a strategic partnership, […]
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