Magic Empire (MEGL) stock plunged over 80% in midday trading Tuesday after scoring tremendous gains during the two sessions following its $20M initial public offering ... ( read original story ...)
Hong Kong-based fintech firms tumble after dizzying rally
Hong Kong-based fintech firms AMTD Digital, Magic Empire Global and Top Financial Group tumbled on Tuesday after a meteoric rally this month that was reminiscent of last year's meme-stock frenzy.The ... ( read original story ...)
Travellers to Hong Kong say they feel ‘lucky’ to qualify for reduced hotel quarantine period
Anyone flying to city on Tuesday will be allowed to undergo three days of quarantine and four under medical surveillance as part of '3+4' scheme launch on Friday Those who arrived in Hong Kong between ... ( read original story ...)
Regina Ip Hopes HSBC Sets Up Headquarters in HK
Regina Ip, Convenor of the Executive Council, expressed in an interview with Bloomberg News that, the Hong Kong government will surely welcome it, should HSBC HOLDINGS (00005.HK) choose to set up its ... ( read original story ...)
No plans to waive extra stamp duty for mainland Chinese homebuyers in Hong Kong, finance chief says in rejecting media reports quoting top adviser
Hang Seng Index rises by as much as 1 per cent following comments by Executive Council member Regina Ip on how the government can boost property market Ip later clarifies she was discussing her own ... ( read original story ...)
Startup festival opens Sep 5
The StartmeupHK Festival 2022 will be held from September 5 to 10 to explore the latest topics from the metaverse and NFTs (non-fungible tokens) to sustainability and the Greater Bay Area, Invest Hong ... ( read original story ...)
Mother of 2 dies in her sleep on flight with family during trip from Hong Kong to UK
Helen Rhodes died in her sleep while she and her family were traveling from Hong Kong to the United Kingdom on Friday, according to a GoFundMe page set up by a friend. ( read original story ...)
Coronavirus: easing quarantine measures won’t increase transmission risks but Hong Kong not ready to scrap it entirely, health minister says
Hong Kong’s health minister has dismissed fears that the easing of quarantine measures for overseas arrivals will increase Covid-19 transmission risks in the community, but declined to lay down a time ... ( read original story ...)
Alibaba Says Primary Listing in Hong Kong Is Approved
The move will allow Chinese investors to trade directly in the stock and should foster a more diversified investor base. ( read original story ...)
Blank-cheque firm of former HKMA chief Norman Chan completes US$127 million IPO as Hong Kong’s third SPAC listing
The special purpose acquisition company is co-owned by Chan and two family members of the city's former chief executive Donald Tsang Yam-kuen The SPAC will focus on acquiring companies in financial ... ( read original story ...)
Hong Kong raises size and guaranteed returns on its Silver Bond aimed at city’s 2 million elderly citizens
The guaranteed annual rate for the three-year bond has been raised to 4 per cent from 3.5 per for the previous batch issued a year ago 'We believe such a return will give [Hong Kong's elderly citizens ... ( read original story ...)
Salaries soar as Hong Kong banks engage in poaching war to hire & retain talent
HSBC saw its headcount fall to 20,500 in just two years as part of its restructuring. Hong Kong banks are shelling out large sums of money to attract, retain, and develop key staff amidst a shrinking ... ( read original story ...)
Flight Bookings to Hong Kong Surge 249% After Quarantine Cut
Hong Kong’s decision to reduce the number of days arrivals must spend in hotel quarantine triggered an immediate surge in flight bookings to the city, said China’s largest travel online agency. ( read original story ...)
Alibaba’s dual primary listing in Hong Kong gains final approval
Alibaba Group Holding Ltd said on Monday night its voluntary conversion to a dual primary listing in Hong Kong has been confirmed by the Hong Kong stock exchange. Alibaba, which already has a ... ( read original story ...)