2024 In Hong Kong
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2024 In Hong Kong
Events in the year 2024 in Hong Kong. Incumbents Executive branch * Chief Executive: John Lee ** Chief Secretary for Administration: Eric Chan ** Financial Secretary: Paul Mo-po Chan ** Secretary for Justice: Paul Lam Legislative branch * President of the Legislative Council: Andrew Leung Judicial branch * Chief Justice of the Court of Final Appeal: Andrew Cheung Events January * 1 January: Members of seventh District Councils assume office. * 9 January: The government formally grant Caritas Institute of Higher Education university status and rename to Saint Francis University, this will be the first catholic university in Hong Kong. * 29 January: The High Court of Hong Kong orders Evergrande Group into liquidation after the real estate developer fails to restructure a debt amount in excess of US$300 billion. February * 4 February: Hong Kong XI lose 4-1 to Inter Miami at Hong Kong Stadium. March * 16 March: A court sentences 12 people to prison terms ranging ...
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Hong Kong
Hong Kong)., Legally Hong Kong, China in international treaties and organizations. is a special administrative region of China. With 7.5 million residents in a territory, Hong Kong is the fourth most densely populated region in the world. Hong Kong was established as a colony of the British Empire after the Qing dynasty ceded Hong Kong Island in 1841–1842 as a consequence of losing the First Opium War. The colony expanded to the Kowloon Peninsula in 1860 and was further extended when the United Kingdom obtained a 99-year lease of the New Territories in 1898. Hong Kong was occupied by Japan from 1941 to 1945 during World War II. The territory was handed over from the United Kingdom to China in 1997. Hong Kong maintains separate governing and economic systems from that of mainland China under the principle of one country, two systems. Originally a sparsely populated area of farming and fishing villages,. the territory is now one of the world's most signific ...
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Andrew Cheung
Andrew Cheung Kui-nung (; born 24 September 1961) is a Hong Kong judge who serves as the 3rd Chief Justice of the Court of Final Appeal. He previously served as a Permanent Judge of the same court. He was the 4th and longest-serving Chief Judge of the High Court. Early life Born in Hong Kong on 24 September 1961, Cheung attended Ying Wa College, before reading law at the University of Hong Kong and taking a Master of Laws degree at Harvard Law School in the United States. Cheung served briefly as a Lecturer and Demonstrator of the Faculty of Law of the University of Hong Kong on a part-time basis after graduation. Legal career The Bar: 1985–2001 Cheung was called to the Hong Kong Bar in 1985 as a pupil of Audrey Eu and began private practice the following year in the chambers of Henry Litton. His practice mainly involved civil and commercial cases. In 1995, he was admitted as an advocate and solicitor of the Supreme Court of Singapore. The bench: 2001– Cheung ...
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Inter Miami CF
Club Internacional de Fútbol Miami (), commonly referred to as Inter Miami, is an American professional soccer club based in the Miami metropolitan area. The club competes in Major League Soccer (MLS) as a member of the Eastern Conference (MLS), Eastern Conference. Inter Miami plays their home matches at Chase Stadium, with plans to move to Miami Freedom Park in 2026. On January 29, 2018, MLS officially approved an expansion team in Miami. The club garnered international attention prior to their founding because of co-owner David Beckham, and again in 2023 with the signing of Lionel Messi on a free transfer. Since the team began playing in the 2020 Major League Soccer season, 2020 season, the club has signed several other high-profile players such as Blaise Matuidi, Gonzalo Higuaín, Sergio Busquets, Jordi Alba, and Luis Suárez. Following Messi's debut, the club won their first major trophy, the 2023 Leagues Cup, which also qualified the team to the 2024 CONCACAF Champions ...
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Hong Kong League XI
The Hong Kong League XI, also known as the Hong Kong XI or Hong Kong League Selection, is a football team which represents the Hong Kong First Division League in exhibition matches, mainly the Lunar New Year Cup. The team is selected from the top players in the Hong Kong First Division League. Both Hong Kong and foreign players, including those from mainland China, can be included in the team. In recent years, to order to enable local footballers to gain more international experience, the Hong Kong Football Association has fielded the Hong Kong national football team in matches which were previously played by the Hong Kong League XI. Therefore, the League XI has not formed a squad for a few years. However, the team returned and competed in the 2007 Lunar New Year Cup. Historical matches 1957 1958 1959 1960 1961 Recent Matches Players Most recent squad The final 25-man squad against Inter Miami CF on 4 February 2024. * Head coach: Jørn Anderse ...
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Debt Restructuring
Debt restructuring is a process that allows a private or public company or a sovereign entity facing cash flow problems and financial distress to reduce and renegotiate its delinquent debts to improve or restore liquidity so that it can continue its operations. Replacement of old debt by new debt when not under financial distress is called " refinancing". Out-of-court restructurings, also known as s, are increasingly becoming a global reality. Motivation Debt restructuring involves reduction of debt and an extension of payment terms and is usually less expensive than bankruptcy. The main costs associated with debt restructuring are the time and effort spent negotiating with bankers, creditors, vendors, and tax authorities. In the United States, small business bankruptcy filings cost at least $50,000 in legal and court fees, and filing costs in excess of $100,000 are common. By some measures, only 20% of firms survive Chapter 11 bankruptcy filings. Historically, debt restr ...
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Real Estate Development
Real estate development, or property development, is a business process, encompassing activities that range from the renovation and re-lease of existing buildings to the purchase of raw Real Estate, land and the sale of developed land or parcels to others. Real estate developers are the people and companies who coordinate all of these activities, converting ideas from paper to real property. Real estate development is different from construction or Home construction, housebuilding, although many developers also manage the construction process or engage in housebuilding. Developers buy land, finance real estate deals, build or have builders build projects, develop projects in joint ventures, and create, imagine, control, and orchestrate the process of development from beginning to end.New York Times, March 16, 1963, "Personality Boom is Loud for Louis Lesser" Developers usually take the greatest risk in the creation or renovation of real estate and receive the greatest rewards. ...
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Liquidation
Liquidation is the process in accounting by which a Company (law), company is brought to an end. The assets and property of the business are redistributed. When a firm has been liquidated, it is sometimes referred to as :wikt:wind up#Noun, wound-up or dissolved, although Dissolution (law), dissolution technically refers to the last stage of liquidation. The process of liquidation also arises when customs, an authority or Government agency, agency in a country responsible for collecting and safeguarding Duty (economics), customs duties, determines the final computation or ascertainment of the duties or drawback accruing on an entry. Liquidation may either be compulsory (sometimes referred to as a ''creditors' liquidation'' or ''receivership'' following bankruptcy, which may result in the court creating a "liquidation trust"; or sometimes a court can mandate the appointment of a liquidator e.g. ''wind-up order'' in Australia) or voluntary (sometimes referred to as a ''sharehold ...
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Evergrande Group
The China Evergrande Group was a Chinese property developer, and it was the second largest in China by sales. It was founded in 1996 by Hui Ka Yan (Xu Jiayin). It sold apartments mostly to upper- and middle-income dwellers. Evergrande was incorporated in the Cayman Islands, a British Overseas Territory, and headquartered in the Houhai Financial Center in Nanshan District, Shenzhen, Guangdong Province, China. In 2018, Evergrande became the most valuable real estate company in the world, but by 2021 it had collapsed financially and started the Chinese property sector crisis. The company eventually filed for bankruptcy in the United States in 2023, which was followed by a court-ordered liquidation in Hong Kong in January 2024. History Initially called the Hongda Group, Evergrande was founded by Hui Ka Yan in the southern Chinese city of Guangzhou in 1996, during a period of mass urbanization in China. In October 2009, the company raised $722 million U.S. in an initial pub ...
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High Court Of Hong Kong
The High Court of the Hong Kong Special Administrative Region is a part of the legal system of Hong Kong. It consists of the Court of Appeal and the Court of First Instance; it deals with criminal and civil cases which have risen beyond the lower courts. It is a superior court of record of unlimited civil and criminal jurisdiction. It was named the Supreme Court before 1997. Though previously named the Supreme Court, this Court has long been the local equivalent to the Senior Courts of England and Walesformerly the Supreme Court of England and Wales, renamed by the and has never been vested with the power of final adjudication. Composition Eligibility and appointment A person who has practised for at least 10 years as a barrister, advocate, solicitor or judicial officer in Hong Kong or another common law jurisdiction is eligible to be appointed as a High Court Judge or Recorder. A person who has practised for at least 5 years as a barrister, advocate, solicitor or ...
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Catholic
The Catholic Church (), also known as the Roman Catholic Church, is the List of Christian denominations by number of members, largest Christian church, with 1.27 to 1.41 billion baptized Catholics Catholic Church by country, worldwide as of 2025. It is among the world's oldest and largest international institutions and has played a prominent role in the history and development of Western civilization.Gerald O'Collins, O'Collins, p. v (preface). The church consists of 24 Catholic particular churches and liturgical rites#Churches, ''sui iuris'' (autonomous) churches, including the Latin Church and 23 Eastern Catholic Churches, which comprise almost 3,500 dioceses and Eparchy, eparchies List of Catholic dioceses (structured view), around the world, each overseen by one or more Bishops in the Catholic Church, bishops. The pope, who is the bishop of Rome, is the Papal supremacy, chief pastor of the church. The core beliefs of Catholicism are found in the Nicene Creed. The ...
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Saint Francis University (Hong Kong)
Saint Francis University (SFU, formerly Caritas Institute of Higher Education from 2011 to January 2024) is a private university in Tseung Kwan O, New Territories, Hong Kong. The institute was established by Caritas Hong Kong in 1985, and is able to award bachelor's degree or below. It was initially named after Francis Hsu, the Bishop of Hong Kong between 1969 and 1973. Until May 2011, the college was granted the degree-conferring status and it was renamed as Caritas Institute of Higher Education as an institution for its academic awards up to bachelor's degree level. On 9 January 2024, the Executive Council of Hong Kong approved the institute becoming Saint Francis University, making it the first Catholic university in Hong Kong. See also *List of universities in Hong Kong *Caritas Hong Kong Caritas Hong Kong is a charitable organisation, a member of Caritas Internationalis, founded by the Catholic Diocese of Hong Kong in July 1953. It started with relief and rehabili ...
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