Companies ship by air because it’s faster than other modes. So how does shipping by sea actually help Cathay Pacific move air cargo through Hong Kong? ( read original story ...)
Hong Kong leads gains in Asia markets as Alibaba soars 10%
The Reserve Bank of India will raise the policy repo rate by 50 basis points to 4.9% with immediate effect, Governor Shaktikanta Das announced Wednesday. ( read original story ...)
HSBC shuts down Hong Kong-based trade start-up Serai
HONG KONG : A Hong Kong-based trade platform launched by HSBC Holdings three years ago with much fanfare has shut down after failing to build a commercially viable business, the London-headquartered ... ( read original story ...)
Decide on controversial proposal to raise government employees’ pay before current term ends, Hong Kong’s civil service groups urge outgoing administration
City's de facto cabinet unexpectedly delays discussion on annual pay adjustment; meeting with civil service groups also abruptly called off Some speculate the current government may want incoming ... ( read original story ...)
National Security Trial Begins for 47 Hong Kong Pro-democracy Activists
Hong Kong's largest national security law case started on Tuesday, with 47 pro-democracy activists and lawmakers standing trial. The defendants are charged with "conspiracy to subversion" under the ... ( read original story ...)
Mainland Chinese buyers expected to flock to luxury Hong Kong housing now that Shanghai’s lockdown was over, developer says
Mainland Chinese buyers are expected to return to Hong Kong’s luxury housing market now that Shanghai has lifted its two-month-long lockdown, driving sales to pre Covid-19 fifth-wave levels in the ... ( read original story ...)
Hong Kong IPO forecast slashed in half, as PwC expects 2022 proceeds to shrink 40 per cent amid tumbling valuations
The accounting firm cut its forecast for 2022 by half amid a worsening economic outlook and dismal first-day returns so far PwC expects the number of deals to fall from 120 last year to 80 this year, ... ( read original story ...)
Coronavirus: Hong Kong logs 558 new infections, even after officials tighten rules on caseloads
After too many residents submitted misleading results, government now only includes checked results in daily tally All residents who declare a positive RAT result on the official online portal must ... ( read original story ...)
Pando Finance will launch two active Hong Kong listed SFC authorized public ETFs, Blockchain ETF and Innovation ETF, around Q4 2022
Pando Finance was successfully granted the unconditional license from the Securities and Futures Commission ("SFC") of Hong Kong to carry out Type 1, 4, and 9 regulated activities, in the scope of ... ( read original story ...)
HSBC pulls the plug on trade startup Serai
HSBC has called time on Serai, its wholly owned subsidiary that operated as an online B2B platform for SME trade, after the venture failed to make money. Originally launched in 2019 as part of the ... ( read original story ...)
British wealth manager SJP eyes China’s growing pension market, details retirement risk for Hong Kong’s ‘sandwiched generation’
London-listed St James's Place is looking for a chance to expand into China's pension market, either through a joint-venture or on its own The company also released research showing Hongkongers with ... ( read original story ...)
Hong Kong launches terrorism tip line ahead of expected Xi visit
Hong Kong launched a terrorism-reporting hotline Wednesday as authorities tighten their security squeeze on the city, while mainland China also rolls out a cash-for-tipoffs program to report suspected ... ( read original story ...)
Hong Kong sports boss Lam Tai-fai says elite athletes in city need more cash, at ceremony for new HK$1 billion facility
Sports Institute chairman Lam Tai-fai says government will be partly to blame if athletes fail to build on Tokyo Olympics success, and calls for new training facilities to built in New Territories. ( read original story ...)
Standard Chartered Hong Kong sees metaverse as future of banking
Could the next frontier of banking services lie in the metaverse? For Standard Chartered Bank (SCB) Hong Kong, it just might be. The bank, through its investment arm, SC Ventures, recently purchased ... ( read original story ...)