Octopus will distribute 1 million cash coupons for participating merchants which include fast food chain McDonald’s, convenience chain Circle-K and home goods store JHC. The coupons will be given out ...
Hong Kong: ZA Bank to Launch Digital Asset Trading Services for Retail Investors
ZA Bank, Hong Kong’s virtual bank, recently unveiled its plan to introduce virtual asset trading services for retail investors.
AIA, Tencent, Xiaomi – some of Hong Kong’s top listed firms – boost share buy-backs as bear market sets in
At least 26 companies disclosed buy-backs totalling HK$667 million (US$85.2 million) on Tuesday, according to data compiled by Securities Times. AIA has been the most active this year, acquiring ...
Singapore Is Now The Most Expensive Asia-Pacific City To Buy Or Rent Private Property
Singapore's private sector homes have surpassed Hong Kong SAR as the most expensive in the region with a median price of US$1.2 million.
Hong Kong stocks touch bear market territory as China’s recovery momentum fades
The Hang Seng index hit a session low of 18,044.86 points. That was 20.5% below its 52-week closing high of 22,688.9 points reached on Jan. 27.
Hong Kong insurers AIA, HSBC Life, Manulife and Prudential cash in as first-quarter sales to Chinese visitors soared 28-fold
Life insurance sales to mainland Chinese visitors rose by 28 times in the first quarter, as the reopening of the border unleashed a wave of pent-up demand, data from the Insurance Authority showed.
UN experts express ‘grave concern’ over detention of Jimmy Lai in Hong Kong
Communication sent to Beijing government says media mogul’s prosecutions relate to his criticism of China ...
Hong Kong slides to new 2023 low; Asia markets mixed as China’s factory activity contracts
Asia-Pacific markets are set to fall as Wall Street considered the likelihood of Congress passing a tentative deal on raising the U.S. debt ceiling amid growing opposition within the GOP. on the tentative deal that House Speaker Kevin McCarthy and U.S. President Joe Biden agreed on a deal over the weekend.
Hong Kong IPO boost: Chinese firms Mobvoi, HighTide plan to raise up to US$500 million amid sluggish year
AI and electronics firm Mobvoi aims to raise up to US$300 million, while pharmaceutical company HighTide targets up to US$200 million amid a lacklustre year for IPOs in the city.
ING closes $404.8m infrastructure securities for the Hong Kong Mortgage Corp
ING also acted as the sole finance adviser for the issuance's sustainable tranche. ING has closed the $404.8m inaugural infrastructure loan-backed securities (ILBS) issuance, named the Bauhinia ILBS 1 ...
HKMC completes first issuance of infra loan-backed securities
The Hong Kong Mortgage Corporation Limited (HKMC) on May 30 announced the successful completion of its first issuance of infrastructure loan-backed securities under its pilot scheme on infrastructure ...
Singapore surpasses Hong Kong as Asia-Pacific’s most expensive housing market in price and rent
Private residential property in Singapore has surpassed Hong Kong as the most expensive in the Asia-Pacific region in terms of absolute prices, according to a report by the Urban Land Institute (ULI).
Hong Kong market enters bear territory as China manufacturing decline erodes investor faith in economic recovery
Hong Kong stocks tumbled into bear-market territory after a government report showed manufacturing in China continues to contract, sparking renewed concerns over the nation’s wobbly economic recovery.
How HSBC’s China battle threatens to ‘heat right back up’
HSBC executives have been reassured by senior figures in China and Hong Kong that the dispute is viewed as commercial, not political — they take comfort from the fact that it has won additional ...