The bank has came under pressure from Ping An in April to explore options including spinning off its mainstay Asia business to increase shareholder returns. HSBC pushed back against the proposal ... ( read original story ...)
Ping An Rejects HSBC’s Defense Against Spinoff
Ping An Insurance Group Co. isn’t convinced by HSBC Holdings Plc’s case against its proposed spinoff, arguing the lender is in need of urgent and radical change, according to a person familiar with ... ( read original story ...)
Hong Kong sees 4,376 new Covid cases
Hong Kong on Thursday recorded 4,376 new Covid cases, including 196 imported infections, with health officials renewing their appeal for the public ... ( read original story ...)
‘Tell your own stories’: photos by domestic helpers in Hong Kong and their children sought for exhibition that pays homage to their sacrifice
Pathfinders' #WorkingMomsHK aims to raise awareness of the sacrifices made by Hong Kong's domestic helpers, who are so often separated from their children An upcoming photographic exhibition will ... ( read original story ...)
Hong Kong rail giant MTR Corporation posts 77 per cent rise in profits to HK$4.73 billion in first half of 2022, with property cushioning impact of Covid-19 fifth wave
Rail firm registers profits of HK$4.73 billion over first half of 2022, attributed to property developments such as Lohas Park Havoc wreaked by fifth wave of pandemic caused dramatic drop in ridership ... ( read original story ...)
Hong Kong seizes 20 million baht of heroin hidden in Thai kickboxing pads
The Customs Office of Hong Kong proved it packs a punch when it seized 20 million baht of heroin hidden in kickboxing pads imported from Thailand and arrested a 40 year old man in the process.The ... ( read original story ...)
Cathay ‘very likely’ to be profitable in second-half of 2022: HSBC report
A HSBC Global Research report believes profitability is imminent for Hong Kong-based Cathay Pacific, as the city looks set to continue easing onerous pandemic restrictions. ( read original story ...)
CNA Explains: Travelling to Hong Kong under its new quarantine rules? Here’s what you need to know
Hong Kong is relaxing travel restrictions with a "3+4" quarantine model, as it takes a step towards gradually reopening borders. ( read original story ...)
Hong Kong’s Hang Seng leads gains, Asia stocks rise after better-than-expected U.S. inflation report
Consumer prices rose 8.5% in July year-on-year, a slightly better result than the 8.7% increase that economists polled by Dow Jones were expecting. ( read original story ...)
Hong Kong technology chief vows clear road map for innovation and development in next decade, leaning on city’s unique strengths
Sun Dong cites city's global connections and backing from mainland China City leader John Lee, at same forum attended by Sun, also promises initiatives to lure talent in coming policy address Hong ... ( read original story ...)
Caymans gives Hong Kong tycoons a head start
A tweak to an archaic takeover rule in the Caribbean will help Thomas Lau to succeed where his sibling did not. The Hong Kong billionaire is offering $240 million to buy out minority shareholders in ... ( read original story ...)
Prices of homes near Hong Kong’s MTR stations, normally resilient, are falling as property slump deepens
The secondary housing market is sinking further as interest rate rises and a wave of emigration take a toll on demand As many as 34 housing estates near railway stations have seen their prices fall ... ( read original story ...)
Hang Seng Overdue For Support On Thursday
The Hang Seng finished sharply lower on Wednesday with damage across the board, especially from the property and technology sectors. For the day, the index plummeted 392.60 points or 1.96 percent to ... ( read original story ...)
Everything you need to know now about Hong Kong’s office leasing market
Mainland office demand slowed whilst medical groups expanded in fringe Central. As the impact of the pandemic’s fifth wave wanes and restrictions are lifted, more employees have returned to the ... ( read original story ...)