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Month: May 2022

Posted on 17/05/2022

NetEase, JD.com lead Hong Kong stocks higher as JPMorgan turns positive on Chinese tech shares

the mainland's financial capital, plans to reopen in phases starting next month Hong Kong stocks rose to their highest level in almost two weeks after JPMorgan Chase upgraded its recommendation on ... ( read original story ...)

Posted on 17/05/2022

Hong Kong’s next government should scrap quarantine for travellers, provide pandemic exit plan: European business group

Frederik Gollob, chairman of European Chamber of Commerce in Hong Kong, says he hopes city will provide mainland China with example of how to reopen to world Gollob has called on incoming government ... ( read original story ...)

Posted on 17/05/2022

Hong Kong developers’ rural land conversion in New Territories gathers pace, expect to push for lower land premium due to softening market

Developers with large holdings in the northern New Territories are likely to negotiate for a lower land premium, as the area becomes the new focus of development, analysts say. ( read original story ...)

Posted on 17/05/2022

CBI Sends Judicial Request To Hong Kong In Rs 156 Crore Diamonds Over-inflated Invoices

CBI has sent a judicial request to Hong Kong seeking assistance in its probe into a racket that allegedly imported Rs 156 cr diamonds with inflated invoices ... ( read original story ...)

Posted on 17/05/2022

HKMA buys HK$5.9 billion from market as currency hits weak end of trading band

Hong Kong's de-facto central bank bought HK$5.888 billion ($750 million) from the market to stop the local currency weakening and breaking its peg to the U.S. dollar.The Hong Kong dollar is pegged to ... ( read original story ...)

Posted on 17/05/2022

Business must utilise potential of women in Hong Kong

Christina Ong, HSBC head of Hong Kong business banking, rightly says small and medium-sized businesses will continue to be the bedrock on which economies and local communities are built, and there is ... ( read original story ...)

Posted on 17/05/2022

At last, Hong Kong may be ready to join the wind revolution

Getty Images Wind now generates a significant proportion of the world's electricity needs. It is not unusual for it to account for more than 20 per cent of supply in some European countries. The ... ( read original story ...)

Posted on 17/05/2022

Innovo’s $855M deal for HSBC tower in trouble

Innovo Property Group’s $855 million deal to purchase the HSBC tower in Midtown could come apart for lack of financing. ( read original story ...)

Posted on 17/05/2022

Top Asian prelate calls Hong Kong ‘a police state’ after Cardinal Zen’s arrest

One of Asia’s top Catholic cardinals said the arrest of Cardinal Joseph Zen is a cause of concern “about the situation for human rights and threats to religious freedom in Hong Kong.” ... ( read original story ...)

Posted on 16/05/2022

Beijing urges Nancy Pelosi to ‘mind her own business’ in tit-for-tat row over Hong Kong cardinal’s arrest

Chinese foreign ministry spokesman Zhao Lijian tells US House speaker to focus on issues in United States, rather than ‘let Hong Kong bother her’. ( read original story ...)

Posted on 16/05/2022

New World’s affordable housing project aimed at getting first-time buyers in Hong Kong on property ladder

A proposal has been submitted to the Town Planning Board to build about 300 flats, with sizes ranging from 300 sq ft to 400 square feet in Yuen Long, New World Build for Good, NWD’s social enterprise ... ( read original story ...)

Posted on 16/05/2022

Hong Kong SAR: Hong Kong SAR’s proposed family office tax concession regime

The proposed tax exemption regime for FHIVs is modelling on the existing unified tax exemption for funds. On March 8 2022, the Hong Kong SAR government released a consultation pap ... ( read original story ...)

Posted on 16/05/2022

Calb to Tap More Banks for $1.5 Billion Hong Kong IPO, Sources Say

Calb Co., a Chinese battery supplier for electric vehicle makers, has added more banks to arrange its planned Hong Kong initial public offering, which could raise as much as $1.5 billion, according to ... ( read original story ...)

Posted on 16/05/2022

Arrest of Cardinal Zen sends chill through Hong Kong’s Catholic community

Zen’s supporters fearful that a crackdown on churches in mainland China could spread to Hong Kong The activist Leung Wing-lai was in prison when he first met Cardinal Zen. In 2018, while Leung was ... ( read original story ...)

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