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Month: February 2023

Posted on 24/02/2023

Indonesia Seeks to Dual List Homegrown Startups in Hong Kong

The Indonesia Stock Exchange has proposed to set up an agreement on dual listings with the Hong Kong bourse in a bid to provide its startups and even state-owned enterprises a venue to tap Chinese ...

Posted on 24/02/2023

Beijing official in Hong Kong warns US envoy after speech

A Chinese diplomat met with the U.S. consul general in Hong Kong and warned him not to cross “red lines” to protest what China called his “inappropriate” interference in the territory's affairs, the ...

Posted on 24/02/2023

China Warns Top US Diplomat in Hong Kong Not to Cross Red Lines

Beijing has laid down three “red lines” for the top US diplomat in Hong Kong, saying recent comments by the consul general constituted interference.Most Read from BloombergApple Makes Major Progress o ...

Posted on 24/02/2023

January price index of Hong Kong’s lived-in homes marks surprise uptick as influx of investors rekindles transactions

The index of second-hand homes rose 2 points, or by 0.6 per cent, to 336.1 in January, according to the Rating and Valuation Department The unexpected rise was the benchmark's biggest monthly increase ...

Posted on 24/02/2023

Commentary: Hong Kong property – when a penthouse is next to public housing

Hong Kong may be one of the world's most expensive cities, but plans to build more affordable homes have drawn howls of protests from some of its wealthiest residents, says Bloomberg Opinion's Shuli ...

Posted on 24/02/2023

Hong Kong home prices end seven-month decline with 0.6% rise in January

Hong Kong private home prices edged up 0.6% in January from December, the first increase in seven months, official data showed on Friday, as reopening of the border with mainland China and ...

Posted on 24/02/2023

No more masks by April? Hong Kong finance chief raises hopes by saying city will drop unpopular Covid rule by ‘end of season’

Financial Secretary Paul Chan takes questions on radio programme, but most callers focused on mask mandate instead of overall budget blueprint He admits similar views were raised during consultations ...

Posted on 24/02/2023

Climate change: why Hong Kong needs to do more to help green-tech start-ups with carbon-reduction certification

Hong Kong needs to fill a void in services like certifying carbon-emission reduction benefits of new applications, says founder of green-tech start-up Achelous Achelous has developed a prototype based ...

Posted on 24/02/2023

Listening to Hong Kong: China surveillance like law forces real-identity registration for all cell phone use

All SIM cards in the Hong Kong have to be real-name registered. Phone numbers not linked to a person's identity will be deactivated. This is the latest attempt by the Chinese mainland to tighten its ...

Posted on 23/02/2023

Hong Kong Budget: Finance chief says he will ‘not be intimidated’ as lawmaker slams ‘zero cents’ for poverty alleviation

Hong Kong’s finance minister has defended his latest budget after a lawmaker accused him of allocating “zero cents” for alleviating poverty in the city. Financial Secretary Paul Chan on Thursday ...

Posted on 23/02/2023

HKEX posts its best fourth quarter as Hong Kong’s post-Covid bounce puts a cushion under bourse operator’s 2022 profit slump

Even Saudi Aramco, which holds the record for the world’s largest IPO, is being wooed for a secondary offer in Hong Kong, following a February 7 accord between HKEX and Saudi Arabia’s Tadawul exchange ...

Posted on 23/02/2023

Hong Kong to Consider Allowing Stock Trading During Severe Weather

Hong Kong Exchanges & Clearing Ltd. is exploring arrangements to continue trading under severe weather in a bid to facilitate investor transactions amid wider trends of remote working in the finance ...

Posted on 23/02/2023

Hong Kong Exchange Reports IPO Drought In 2022 As Profits Slide

At the start of last year, vast swathes of Hong Kong's economy shut down as the highly transmissible Omicron variant fuelled the city's worst-ever coronavirus outbreak. The economic environment was ...

Posted on 23/02/2023

Hong Kong stock exchange operator reports first profit slide in 6 years as IPOs dried up and trading dwindled in 2022

The bourse operator posted a 20 per cent decrease in net profit to HK$10.08 billion (US$1.28 billion) for 2022 In 2022, the average daily turnover of Hong Kong stocks shrank 25 per cent to HK$124.9 ...

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