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Month: July 2023

Posted on 26/07/2023

Hong Kong stocks surge 4 per cent amid best rally in Chinese developers since March 2022 as Beijing reignites stimulus bets

Local stocks jumped as investors scooped up beaten-down Chinese developers, with Beijing fanning market hopes for a stronger dose of stimulus to rescue the property market.

Posted on 26/07/2023

Hong Kong and Indonesian leaders focus on deepening economic ties during talks in Jakarta

Indonesia’s Joko Widodo also stresses to John Lee importance of protecting his country’s citizens in Hong Kong.

Posted on 26/07/2023

Chinese President Xi Jinping sends personal letter to Hong Kong pupils, encourages them to learn country’s history and develop national pride

Country's paramount leader replies to letter from Form Four pupils at North Point's Pui Kiu Middle School 'Patriotism is the core of the spirit of the Chinese nation. Hong Kong compatriots have a ...

Posted on 25/07/2023

Hong Kong inaugurates one of the world’s largest satellite manufacturing facilities as the city unveils its aerospace ambitions

Hong Kong’s newly launched satellite manufacturing centre, show cases the city’s potential to become an aerospace hub as it seeks to establish itself as a key player in the US$281 billion global ...

Posted on 25/07/2023

Exchange Fund, Hong Kong’s currency-peg defender, reports first-half gain of US$14 billion as global stock, bond markets rebound

Brace for mortgage pain as HSBC, Hong Kong peers seen raising rates: survey The US Federal Reserve is widely expected to raise interest rates on Thursday for the 11th time since March 2022 by 25 basis ...

Posted on 25/07/2023

Singapore’s Keppel, HSBC sign agreement for decarbonisation solutions

Singapore's Keppel Corporation said on Tuesday it signed an agreement with HSBC for pursuing energy transition opportunities aimed at reducing emissions in Greater Bay Area and across Asia.

Posted on 25/07/2023

The average hiker’s guide to Hong Kong wildlife, from snakes to lizards and wild boars to bugs – by a self-taught photographer and enthusiast

Wildcreatures of Hong Kong, by animal blogger Robert Ferguson, contains photos of 375 of the city's most common wild species along with information about them The author says the pandemic gave many of us a new appreciation of nature,

Posted on 25/07/2023

Hong Kong stocks gain 4% as China vows support for ailing property market

Mainland Chinese stocks were also all higher, with the Shanghai Composite up 2.13% to close at 3,231.52, its highest one day gain since February. Meanwhile, the Shenzhen Component rose 2.55% and ended ...

Posted on 25/07/2023

China’s property firms rally after Beijing pledges economic support

By Clare Jim HONG KONG (Reuters) -Investors piled into Chinese property developers' shares and bonds on Tuesday following a sharp selloff in the previous session, after policymakers said they would ...

Posted on 25/07/2023

Hong Kong rallied more than four percent Tuesday as developers and tech firms soared following a pledge by China’s leaders to introduce measures to boost the country’s economy …

Hong Kong rallied more than four percent Tuesday as developers and tech firms soared following a pledge by China's leaders to introduce measures to boost the country's economy, particularly the ...

Posted on 25/07/2023

Chinese Female Tycoon Gains $1 Billion After Beijing Vows To Support Struggling Property Sector

Wu Yajun, the billionaire cofounder of real estate developer Longfor Group, added $1.1 billion to her net worth on Tuesday.

Posted on 25/07/2023

China’s crackdown on IPO risk factors is a warning

Global investors are getting whiplash from the mixed messages coming from Beijing. The country's securities watchdog met last week with local law firms and asked them to tone down negative ...

Posted on 25/07/2023

Liu Guangyuan Steps Down as Foreign Ministry’s Special Commissioner in Hong Kong

Liu Guangyuan Steps Down as Foreign Ministry's Special Commissioner in Hong Kong BEIJING (Reuters) - Liu Guangyuan has stepped down from the Chinese foreign ministry's commissioner post in Hong Kong, the official Xinhua news agency reported on Tuesday.

Posted on 25/07/2023

HSBC Hong Kong, Singapore’s Keppel to explore climate mitigation cooperation in Greater Bay Area and Asia

HSBC’s Hong Kong unit has signed an MOU with Singapore conglomerate Keppel to explore collaboration opportunities on decarbonisation as part of efforts between the two cities to forge closer ties.

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