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Month: June 2023

Posted on 02/06/2023

China is ‘driving’ towards an EV future: ToscaFund Hong Kong

Mark Tinker, CIO & Managing Director of ToscaFund Hong Kong says China's EV sector will start exporting soon, and it will prompt a price-driven global EV war.

Posted on 02/06/2023

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

The number of property deals fell 8 per cent to 5,268 last month, according to Ricacorp data Boost from border reopening has started to fade, property agency says Property transactions in Hong Kong ...

Posted on 02/06/2023

Tech stocks rally in Hong Kong on China stimulus, US rate pause bets while BYD leads EV makers on robust sales

Local stocks are headed for the biggest gain in three months amid optimism China will soon deliver the much needed stimulus to revive its recovery momentum. BYD leads EV makers after a robust month of ...

Posted on 02/06/2023

Hong Kong’s Hang Seng jumps 2% led by gains in tech 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

‘I am worried that my work will put someone in jail’: Interview with Zunzi, iconic Hong Kong cartoonist

Zunzi has been repeatedly "pinned down" by different government departments, accusing him of "inciting public discontent with the government," "defaming the police force," "making biased, misleading ...

Posted on 02/06/2023

Hong Kong’s Crypto Ambitions Rest on a Lot of ‘Ifs’

In this edition of the Bloomberg Crypto newsletter, Suvashree Ghosh finds the devil is in the details of Hong Kong’s new crypto rulebook: ...

Posted on 02/06/2023

HSBC unveils new measures to support Hong Kong, mainland startups

A specified lending fund was increased to $3b. HSBC has announced new measures to enhance its support for the innovation sector in Hong Kong and mainland China. These include increasing its specialist ...

Posted on 02/06/2023

Prudential: Signs Of Recovery In Hong Kong Boost Growth Story

Prudential has been grappling with strict COVID containment policies in Greater China, which battered its business in Hong Kong. Find out why PUK Stock is a Buy.

Posted on 02/06/2023

‘Priced to perfection’: Hong Kong goes all out with $6bn green jumbo

The deal priced on Wednesday was Hong Kong’s second jumbo green bond of the year — the first being a similar triple-currency deal in January — and its third overall in 2023, if its debut HK$800m ...

Posted on 02/06/2023

Hong Kong privacy watchdog warns data management firm over possible exposure of credit histories of 180,000 people

Privacy Commissioner Ada Chung says Softmedia Technology Company allowed money lenders access to database for as little as HK$2.

Posted on 02/06/2023

Medifast pulls out of Hong Kong, Singapore to free up capital for future growth

Medifast is exiting two markets in the Asia-Pacific and planning to instead devote those resources to new areas of growth, including going after the Hispanic market.

Posted on 01/06/2023

Chinese EV maker Hozon weighs June filing for US$1 billion Hong Kong IPO, sources say

Hozon New Energy, which manufactures affordable electric vehicles, has plans for a US$1 billion IPO in Hong Kong at a time when the sector is witnessing a brutal price war and intense competition ...

Posted on 01/06/2023

Hong Kong stocks decline for second session as Nikkei 225 increases

Stocks in the Asia-Pacific region mostly grew Thursday, June 1, with the Hong Kong market declining for the second session. Hong Kong's Hang Seng ...

Posted on 01/06/2023

Asia-Pacific family offices continue ‘strategic shift’, to increase equities and developed-market fixed-income asset allocations: UBS

Family offices in the region will increase their allocations to equities and developed-market fixed-income assets over the next five years, with most interested in medical and health-related ...

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