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Month: January 2023

Posted on 04/01/2023

Hong Kong retail sales fall 4.2% in November, snapping two months of growth

Hong Kong's November retail sales fell 4.2% from a year earlier, snapping two straight months of growth with tightened financial conditions weighing on local demand, government data showed on ...

Posted on 04/01/2023

Hong Kong stocks rise 3%, leading gains in the Asia-Pacific as investors look ahead to Fed minutes

Hong Kong shares rise 3% as investors look ahead to the Fed's meeting minutes, watching for signs of more interest rate hikes.

Posted on 04/01/2023

Hong Kong’s Isolation Estimated to Cost Economy $27 Billion

Hong Kong’s economy lost an estimated $27 billion in potential growth due to the effects of the pandemic and the city’s strict Covid curbs, according to Natixis SA.

Posted on 04/01/2023

National security law: can Beijing influence court disputes after decision leaving key power in Hong Kong’s hands?

Some legal experts say defendants’ rights now in political hands, but pro-Beijing lawmaker stresses other jurisdictions put national security matters above courts.

Posted on 04/01/2023

Hong Kong taxi passenger dies, driver escapes serious injury after vehicle slams into back of parked truck

Incident on Wednesday in Wong Tai Sin is second fatality on city roads in eight hours following death of woman hit by truck in Mong Kok Police arrest cabby for dangerous driving A taxi passenger, 47, ...

Posted on 04/01/2023

‘Going to Hong Kong before everyone’: mainland China music fans raring to see shows in city such as Blackpink concert, upon border reopening

Music fans in mainland China are raring to visit Hong Kong for concerts and festivals upon the reopening of the border, with some willing to pay sky-high prices for tickets after being deprived of ...

Posted on 04/01/2023

Hong Kong Markets Green Bonds Adding to Global Sales Bonanza

Hong Kong began marketing multi-currency offshore green bonds Wednesday, adding to the global rush of deals as borrowers take advantage of a market recovery.

Posted on 04/01/2023

Hong Kong allows Cardinal Zen to attend Benedict’s funeral

Hong Kong’s outspoken Roman Catholic Cardinal Joseph Zen has been allowed to leave the southern Chinese city to pay his respects to the late Pope Emeritus Benedict XVI in Vatican City ...

Posted on 04/01/2023

Hong Kong stocks extend New Year rally as China pledges fiscal boost to virus-hit economy

Stocks chalk up further gains in the new year with traders encouraged by China’s pledge to shore up its virus-hit economy. Alibaba, Tencent and Chinese developers pace winners.

Posted on 04/01/2023

Hong Kong home prices: Citibank predicts U-shaped recovery, matches Morgan Stanley’s 5 per cent upside for 2023

Hong Kong's home prices will drop 5 per cent in the first quarter, before gaining 5 per cent towards the end of the year, Citi said in a report Property transactions in the city slumped to a 32-year ...

Posted on 04/01/2023

Hong Kong police superintendent charged with assault, dangerous driving after allegedly attacking colleagues outside restaurant

Joseph Luk, suspended from his role as Sha Tau Kok divisional commander, faces seven charges, including three of indecent assault, and will appear in court on Wednesday.

Posted on 04/01/2023

Hong Kong launches green bond deal – term sheet

Hong Kong's government has launched a green bond deal using dollar, euro and offshore Chinese yuan denominations, according to a term sheet reviewed by Reuters on Wednesday, that sources said was ...

Posted on 04/01/2023

Hong Kong Cardinal Joseph Zen to be allowed to attend funeral for Pope Benedict XVI in Vatican City

Cardinal Joseph Zen of Hong Kong will be allowed to attend the funeral for Pope Benedict XVI. Zen attended court to apply for a leave from his city.

Posted on 04/01/2023

Hong Kong to raise up to $5 bln in green bonds -sources

Hong Kong's government is aiming to raise up to the equivalent of $5 billion in a dollar, euro and offshore Chinese yuan green bond issuance, according to sources with direct knowledge of the matter.

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