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Month: June 2023

Posted on 03/06/2023

Hong Kong property deals hit 4-month low in May due to fewer new launches and weak buyer sentiment

Ricacorp’s head of research says boost from border reopening has started to fade and market is in wait-and-see mode.

Posted on 03/06/2023

U.S. consultancy Mintz’s executives leave Hong Kong after China raid, sources say

As a global financial centre, Hong Kong has a deep pool of professional services talent, including in corporate investigations, with international firms including Kroll, Control Risks, McKinsey and ...

Posted on 02/06/2023

Hong Kong raises record US$6 billion from green bond offering as city pushes ahead with its sustainable finance hub ambitions

Hong Kong raised a record US$6 billion in its biggest multicurrency green bond offering, as the government looks to establish the city as a leading international green financing hub.

Posted on 02/06/2023

Tech Insider: AI Startup Mobvoi Files for IPO, Musk on ‘Decoupling’

Welcome to Caixin’s Tech Insider, your twice-weekly wrap on the movers, shakers and deal-makers in China’s tech scene. AI startup Mobvoi files for Hong Kong IPO. Google-backed ...

Posted on 02/06/2023

Selling AI and buying Hong Kong stocks is the big contrarian bet right now, says Bank of America

Investors may be going overboard on AI stocks, while battered Hong Kong equities may be an opportunity in waiting, says Bank of America.

Posted on 02/06/2023

Hong Kong’s Hang Seng jumps 4% led by gains in property and consumer stocks

Hong Kong’s Hang Seng index was up 2.33% in its first hour of trade, leading gains in the wider region. The technology sector led the rally with stocks like Baidu, JD.com and Alibaba all up about 4%.

Posted on 02/06/2023

Hong Kong leads global market rally with best day in three months

Global stocks climbed Friday, led by a resurgent Hong Kong market, as investors greeted signs that the US Federal Reserve may hold off raising interest rates this month, the end of the US debt ceiling ...

Posted on 02/06/2023

Hong Kong businesses mark Tiananmen anniversary in face of pressures

Some Hong Kong shopkeepers are quietly commemorating the 34th anniversary of the Tiananmen crackdown despite the spectre of a China-imposed national security law and pressure to stay silent on the ...

Posted on 02/06/2023

Tiananmen vigils shift overseas as Hong Kong falls silent

As restrictions in Hong Kong have snuffed out what were once the largest vigils marking the 1989 Tiananmen Square crackdown, cities like London, New York, Berlin and Taipei are left carrying the ...

Posted on 02/06/2023

Hong Kong equities rally driven by internet stocks

The rally on Friday was led by Chinese internet stocks, with the Hang Seng Tech index jumping 5.3 per cent. Tencent and Alibaba closed 6 and 6.7 per cent higher in Hong Kong, respectively.

Posted on 02/06/2023

Hong Kong Shares Surge After U.S. Debt-Ceiling Progress

Hong Kong’s Hang Seng index had its best day in around three months, wiping out its losses from earlier in the week and leading wider gains in Asian shares. The Hong Kong market opened with a bang ...

Posted on 02/06/2023

HSBC terminates bank accounts of Hong Kong opposition party League of Social Democrats without giving reason

Hong Kong’s HSBC bank has closed three bank accounts used by the League of Social Democrats (LSD) – one of the few remaining opposition parties in the city – for receiving donations, according to a ...

Posted on 02/06/2023

New cryptocurrency licensing rules kick in for Hong Kong’s retail investors

The new regulatory framework came amid tighter scrutiny on major cryptocurrency exchanges after a series of high-profile failures.

Posted on 02/06/2023

Hong Kong artists mark Tiananmen quietly or overseas

Avant garde street performance, politically charged theatre, pro-democracy music and poetry -- powerful works of art dealing with China's bloody Tiananmen Square crackdown that were once commonplace ...

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