A man was arrested in Hong Kong after spray painting graffiti on the U.S. consulate amid heightening tensions between the U.S. and China. The suspect spray painted the word “hegemony” in English, and ...
Hong Kong stocks advance as Tencent, Xpeng lead on China rate-cut, Fed outlook while Nomura calls for more tonic to avert ‘double-dip’
A combination of bullish bets on China and US interest-rate outlook is driving another round of gains in Hong Kong stocks. Questions remain if that could sustain the rally after a slew of recent ...
Hong Kong and global graduates, motivated by high salaries, eye career in finance in post-Covid-19 era: CFA Institute survey
Finance is the top career choice for graduates globally including Hong Kong, as they believe the sector offers better pay and growth prospects, according to a CFA Institute survey.
Hong Kong biotech IPOs face ‘tough’ 2023: Ascendum Capital founder
The year 2023 will be a tough one for pre-revenue biotechnology companies to go public in Hong Kong, according to Serena Shao, founder and managing partner of health care-focused investment firm ...
Hang Seng index is being crashed by Nikkei 225 in 2023
Global indices have been mixed in 2023 with some European indices like the DAX and CAC 40 sitting at their record highs. Asian indices have done well, helped by the strong performance of the Nikkei ...
Hong Kong stocks surrender gains as banks slide amid China stimulus bets while Nomura calls for more tonic to avert ‘double-dip’
Hong Kong stocks wavered amid concerns China’s policy stimulus will be too little too late to rejuvenate its post-pandemic economic recovery. While the Federal Reserve s certain to pause on its rate ...
Will importing 20,000 workers fix Hong Kong’s labour woes? It’s a good start, say bosses but unions warn pay, conditions the main problem
Hong Kong labour unions have warned that a government plan to import more than 20,000 workers will not address the causes of the manpower shortage, arguing issues such as low pay and unsatisfactory ...
Chinese automaker BYD reopens two Hong Kong showrooms after vandalism
Chinese automaker BYD Co Ltd has restarted operations at two showrooms and a service centre in Hong Kong after they were vandalised earlier this week, BYD's sole agent said in a notice on its website ...
Hong Kong labour unions warn importing 20,000 workers won’t solve root problems behind manpower shortage
Union chairman accuses government of failing to address issues such as low wages among certain sectors But business leaders welcome scheme and stress need for more workers to help get local industry ...
HSBC Asian growth plan targets mass affluent
London-headquartered banking group HSBC is carving out a bigger role for Singapore as a regional hub as it expands in Asia.
China stimulus: Hong Kong stock outlook unclear amid fears rate cuts are too little, too late while double-dip risk grows
A sluggish recovery in China’s economy is stoking concerns among strategists that the hyped-up policy stimulus will do little to shore up stock prices in Hong Kong, leaving the Federal Reserve to do ...
Hong Kong to recruit 27,000 foreign workers amid shortage
HONG Kong will ease entry rules to bring in 27,000 foreign workers, in a bid to stem a manpower shortage in the financial hub. Read more at The Business Times.
Why Hong Kong can’t cut loose from the US dollar just yet
By selling US dollars to buy Hong Kong dollars, the HKMA withdraws cash from the banking system, reducing the city’s aggregate balance and causing interest rates to rise. This strengthens the Hong Kong dollar, enabling it to stay within the trading band. The same is true in reverse.
Chinese man arrested over graffiti at US Consulate in Hong Kong, police say
Hong Kong police arrested a man who allegedly spray-painted graffiti on the wall and gate of the U.S. Consulate, according to media reports and the police.