Chinese tycoon Chen Hongtian is in discussions with lenders to retrieve assets worth HK$10 billion (US$127 million) after a ‘short-term liquidity issue’ forced him to miss mortgage payments.
Hong Kong police seize dismantled Tiananmen protest statue
Hong Kong national security police seized an "exhibit" on Friday that has been identified by local media as a dismantled statue commemorating the deadly Tiananmen Square crackdown in 1989. Police said ...
Hong Kong police seize statue in “incitement to subversion” probe
Hong Kong police seized an exhibit on Friday in connection with what they said was an attempt to incite subversion, with media reporting it was a statue commemorating Beijing's Tiananmen Square ...
Chinese courier giant SF aims to raise up to $3 billion in Hong Kong listing – sources
China's largest express delivery company SF Holding Co Ltd plans to raise up to $3 billion in a second listing in Hong Kong as soon as later this year, in what would be one of the largest public ...
Video shows fans of Cantopop star Keung To, not mainland Chinese tourists in Hong Kong
A video has attracted tens of thousands of views in social media posts that misleadingly claim it shows crowds of mainland Chinese tourists in Hong Kong during an extended holiday weekend. In fact, ...
Hong Kong counsels seek better crypto protections
For lawyers in Hong Kong, addressing fears over the potential for digital assets to enable scams and fraud is a key concern. They are also helping the territory’s Securities and Futures Commission ...
Hong Kong Should Reduce Fiscal Deficit Gradually, IMF Says
Hong Kong should focus on reducing its fiscal deficit at a gradual pace rather than over two years to ensure a balanced recovery now that its economy is returning to normal after the pandemic, the ...
Hang Seng Bank changes its board composition
Michael Wu Wei Kuo retired as the Independent Non-executive Director. After its annual general meeting held last 4 May, Hong Kong-based Hang Seng Bank conducted changes in its board of directors.
Make up or break up? HSBC faces off with divided shareholders
HSBC shareholders are expected to vote Friday on demands for a radical overhaul of the bank. The London-based lender is one of the world’s top financial institutions, but its biggest investor, Ping An ...
Cryptocurrency as property under HK law
Courts of various common law jurisdictions – such as England, New Zealand and Canada – have previously broadly determined that cryptocurrencies can be treated as a form of property, for different ...
Ping An, Baidu, Tencent push Hong Kong stocks to best week since March on US rate-cut bets amid bank crisis
Traders have stepped up bets on US rate cuts in recent weeks amid bank failures, slump in regional bank stocks Hang Seng logs the biggest weekly gain since end-March; the HKMA has warned investors not ...
HSBC shareholders to vote on whether to spin off Asia business at Friday’s annual meeting
Taking center stage for investors will be two resolutions tabled by investor Ken Lui, which call for a spinoff of HSBC's Asia business and fixed dividends.
HSBC Faces Shareholder Vote On Splitting Bank
Bank giant HSBC faces a vote by shareholders on Friday over a proposal by its largest stakeholder, Chinese insurer Ping An, to split the business to seek better returns.
Hong Kong is becoming a hub for greentech and green finance
Now that Hong Kong has fully reopened to the world and is maintaining its status as one of the world's most important financial centers, it seems the perfect time for the city not only to promote its ...