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Month: August 2020

Posted on 05/08/2020

Hong Kong Sees Less Than 100 Local Virus Cases for Third Day

(Bloomberg) -- Hong Kong reported fewer than 100 local coronavirus cases for the third straight day, as the city’s worst outbreak shows signs of abating under tightened restrictions. The Asian ... ( read original story ...)

Posted on 05/08/2020

Hong Kong stocks end higher on global stimulus, recovery hopes

Hong Kong shares ended higher on Wednesday, tracking gains in Asia and mainland China, on hopes for more economic stimulus from global policymakers and a gradual recovery in the Chinese economy. ** ... ( read original story ...)

Posted on 05/08/2020

Hong Kong business activity slumps further in July amid virus spike

Having moved close to stabilisation in June, Hong Kong's business conditions worsened sharply at the start of the third quarter amid a tightening of containment measures due to a resurgence of new ... ( read original story ...)

Posted on 05/08/2020

Banks snared by Hong Kong sanctions laws as US-China spat spirals

International banks in Hong Kong are caught in the crossfire of competing laws enacted by the United States and China as the superpowers clash over the city's future, with analysts warning businesses ... ( read original story ...)

Posted on 05/08/2020

HKIB appointed as the first Professional Qualifications Assessment Agency for the banking sector

The Hong Kong Institute of Bankers (HKIB), a not-for-profit institution that provides training programmes and certifies professional qualifications for local banking and financial practitioners, has b ... ( read original story ...)

Posted on 05/08/2020

Hong Kong shared office operator TEC bets on Greater Bay Area to boost business even as Covid-19 pandemic hits demand

The Executive Centre (TEC) is banking on the future business hub to fuel its expansion even as Colliers sees shared office operators giving up vast swathes of space amid the Covid-19 pandemic. ( read original story ...)

Posted on 05/08/2020

The Latest: Hong Kong sees 80 new COVID-19 cases, 4 deaths

Hong Kong saw cases spike in a new wave of infections ... WASHINGTON — President Donald Trump says more Americans will be lost to COVID-19. Trump was asked in a Fox Business Network interview Tuesday ... ( read original story ...)

Posted on 05/08/2020

Hong Kong’s Richest Family Loses $8 Billion in a Single Year

The family behind Hong Kong’s largest property empire has seen its fortune shrink by almost $8 billion in the past 12 months, the steepest drop among Asian clans on Bloomberg’s ranking of the world’s ... ( read original story ...)

Posted on 05/08/2020

China Market Update: “ATMX” (Alibaba, Tencent, Meituan Dianping, And Xiaomi) Shine In Hong Kong Despite TikTok “Smash And Grab”

Asian equities rebounded overnight as NasdaqNDAQ reached a new high yesterday in the US. Hong Kong rebounded 2% as new coronavirus cases fell locally day over day, as growth stocks led the volume ... ( read original story ...)

Posted on 05/08/2020

AIM organizes The 2nd HK Digital Advertising Start-ups X Publishing Promotion Support Scheme Awards Presentation Ceremony and Winners’ Sharing Seminar

... Hong Kong Association of Interactive Marketing ("AIM") organizes the 2 nd "Hong Kong Digital Advertising Start-ups X Publishing (Writers) Promotion Support Scheme" (the "Support Scheme ... ( read original story ...)

Posted on 04/08/2020

Hong Kong jumps more than 2% as Asia Pacific stocks mostly rise; Reserve Bank of Australia keeps policy steady

Stocks in Asia Pacific mostly rose on Tuesday as the Reserve Bank of Australia’s (RBA) kept its policy settings unchanged. The Hang Seng index in Hong Kong led gains among the region’s major markets, ... ( read original story ...)

Posted on 04/08/2020

Li Ka-shing’s CK Asset makes first step in rescue of distressed Hong Kong developer Goldin as hostile creditors seize assets

Hong Kong's most-famous billionaire Li Ka-shing has sent a top lieutenant to help rescue a cash-strapped developer in the first major blow-up and restructuring to unfold from the city's property ... ( read original story ...)

Posted on 04/08/2020

Hong Kong’s third virtual bank, WeLab Bank, opens amid the coronavirus pandemic

WeLab's founder and CEO Simon Loong discusses the opening of WeLab Bank, the latest subsidiary of the Hong Kong-based fintech firm amid the coronavirus pandemic. Got a confidential news tip? We want ... ( read original story ...)

Posted on 04/08/2020

Hong Kong’s international financial center status hangs in the balance

Plus, the banking system is stable too, with a capital adequacy ratio exceeding 20%, far more than the international requirement of 8%.” These measures serve to further hasten the U.S.-China financial ... ( read original story ...)

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