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Month: April 2023

Posted on 25/04/2023

Hong Kong’s office market outlook improves after vacancy rate fell for the first time in 10 months in March

Hong Kong’s grade A office vacancy rate fell 0.2 percentage points month on month in March – the first decline since May 2022. Rents also slipped slightly to HK$54.7 (US$6.96) per sq ft from HK$54.8.

Posted on 25/04/2023

Private doctors in Hong Kong allowed to order more Covid-19 oral drugs from government to help tackle surge in cases

Family doctors had warned they were running out of oral antivirals Paxlovid and molnupiravir as cases climbed in the past two weeks.

Posted on 25/04/2023

‘5 public schools face axe in Hong Kong after failing to meet Primary One enrolment threshold’

Sources say schools told earlier this month by Education Bureau they could not operate Primary One classes in next academic year Institutions may be forced to close in three years' time when bureau ...

Posted on 25/04/2023

High-profile competition for start-ups will drive innovation

So the news that the Alibaba Entrepreneurs Fund/ HSBC JUMPSTARTER 2023 Global Pitch Competition is now open for applications will definitely be music to their ears.   Alibaba Hong Kong Entrepreneurs ...

Posted on 24/04/2023

UPDATE 1-China’s Wanda chairman quoted on HK IPO challenge, bonds lose more on liquidity concerns

Chinese commercial property developer Dalian Wanda Group's dollar bonds fell further on Monday, as investors remained concerned about prospects for its unit's Hong Kong listing and its impact on the ...

Posted on 24/04/2023

China’s Wanda chairman quoted on HK IPO challenge, bonds lose more on liquidity concerns

Chinese commercial property developer Dalian Wanda Group's dollar bonds fell further on Monday, as investors remained concerned about prospects for its unit's Hong Kong listing and its impact on the ...

Posted on 24/04/2023

Why China’s luxury market is stronger than ever after Covid-19 pandemic

China's luxury sector shrank last year amid citywide lockdowns, but years of self-imposed isolation have given rise to a more sophisticated domestic market The big question for Hong Kong is how it can ...

Posted on 24/04/2023

Hong Kong’s January-March unemployment eases to 3.1%

Hong Kong's seasonally adjusted unemployment rate eased to 3.1% in the January to March period, improving for the eleventh consecutive quarter as economic activity continued to pick up, the government ...

Posted on 24/04/2023

China Wanda’s bonds lose more on concerns about unit’s IPO, liquidity

Chinese commercial property developer Dalian Wanda Group's dollar bonds fell further on Monday, as investors remained wary about the progress of its unit's Hong Kong listing and about the impact on ...

Posted on 24/04/2023

Hong Kong stocks slip on sluggish corporate earnings recovery while HSBC suffers amid Ping An pressure

Analysts have been cutting their earnings estimates on Asian companies; pressure has intensified since mid-March HSBC continues to be pressured by key investor Ping An Insurance to revamp and list its ...

Posted on 24/04/2023

HSBC Activist Investor Lobbies Shareholders Ahead of Meeting

An HSBC Holdings Plc shareholder in Hong Kong is lobbying institutional shareholders to vote in favor of a proposal to restructure the lender’s business at its annual general meeting on May 5.

Posted on 24/04/2023

EXPLAINER: Can China’s new offshore listing rules revive Hong kong’s IPO scene?

After a prolonged period of draconian anti-pandemic curbs and regulatory crackdowns whipsawed China’s capital markets, the world’s second-largest economy is pulling out all the stops to calm market ...

Posted on 24/04/2023

Hong Kong stocks slide on sluggish corporate earnings recovery while HSBC suffers amid Ping An pressure

Stocks weaken as corporate earnings fail to catch up with the recovery in the Chinese economy. HSBC slips while healthcare-related firms shore up the Hang Seng Index.

Posted on 24/04/2023

Hong Kong’s dollar stress gets more fundamental

Hong Kong’s currency peg to the greenback is stuck between a rock and a hard place. The wide yield spread between U.S. government debt and the Asian hub’s equivalent has forced the monetary authority ...

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