Four people died and two others were injured when an old building collapsed in Hong Kong last week. And now, to prevent it from happening again, Hong Kong’s government has ordered inspections of all buildings aged 50 years and older.
According to Hong Kong's Immigration Department- since 1995- a quota system has allowed a maximum of 150 mainlanders per day to move to the region. Today, mainlanders account for over 90 percent of the city's population growth. But as observers say, the influx has also brought increasing reports of discrimination and increased anxiety from Hong Kong Chinese about preserving social stability.
BON's Kelda Yuen has more on the concerns surrounding Hong Kong's mainland immigrants and the organization that aims to tackle the challenges.
Hong Kong’s tourism industry is driven largely by mainland visitors - many of who travel to the city to shop ‘til they drop. But travel organizers and tour group leaders may have pushed their clients – and their luck – too far in pursuit of lucrative commissions from local businesses. BON’s Kelda Yuen has more on reaction by the Hong Kong government to put an end to ‘forced shopping’.
Housing prices in Hong Kong have soared and now the government fears that an influx of "hot money" from mainland could create an economic bubble in the sector.
A store in one of the busiest shopping districts in Hong Kong was sold for roughly 90 thousand dollars per square foot last week. That makes it the most expensive retail space in the city. And experts believe soaring real estate prices have been caused by an influx of so-called "hot money" from mainland China.
"Hot money" refers to funds that are controlled by investors who actively seek short-term returns.
Professor Joseph Cheng from the City University of Hong Kong says the most common form of payment for recent property buyers has been cash, often in one lump sum. In contrast, ordinary residents would buy through a long term or ten-to-twenty-year mortgage.
Now another anniversary, and last week marked 13 years since Hong Kong's return to China. While there were celebrations in the former British there was also plenty of anger as tens of thousands of demonstrators hit the streets to rally for democracy.
The protests came shortly after Hong Kong lawmakers passed an electoral reform package giving voters more of a say in who is running the region.
But protestors say the reforms don't go far enough as they are still far short of universal suffrage.
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