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Month: July 2023

Posted on 14/07/2023

China’s top diplomat backs Hong Kong membership of world’s biggest trading bloc at Jakarta summit for regional foreign ministers

Wang Yi, mainland China’s foreign policy chief, tells Southeast Asian foreign ministers’ meeting in Jakarta that Hong Kong should be in the 15-nation Regional Comprehensive Economic Partnership.

Posted on 14/07/2023

Hong Kong’s Cathay Pacific forecasts profit of up to HK$4.5 billion for first half of 2023, marking strong rebound from HK$5 billion loss

Airline will also reward loyal employees who had been with company through pandemic with up to six weeks of eligible pay.

Posted on 14/07/2023

Did China Kill Hong Kong’s Competitiveness?

The Hong Kong government was quick to blame the pandemic for the city's drop in international competitiveness. However, the cause must be searched in factors like the national security law Beijing imp ...

Posted on 14/07/2023

CK Asset’s Luxury Home Sale Falls Through After Buyer Walks Away From $2.7 Billion Deal

CK Asset Holdings, the flagship property company of Hong Kong’s richest person Li Ka-shing, said on Thursday it had terminated a HK$20.8 billion ($2.7 billion) sale of a luxury residential project to ...

Posted on 14/07/2023

Hong Kong expands Silver Bond offering to HK$50 billion, raises coupon to 5 per cent to help counter cost of living

Hong Kong is expanding the size of its Silver Bond offering by as much as 57 per cent, while also raising the annual coupon to help the city’s senior citizens fight higher cost of living.

Posted on 14/07/2023

Hong Kong student among 6 arrested as police clamp down on cross-border syndicate laundering HK$100 million

Postsecondary student suspected of using cryptocurrency e-wallets as part of money laundering process that involved mainland bank accounts and reselling valuables Police also arrest five others, ...

Posted on 14/07/2023

Hong Kong’s Cathay Pacific expecting profit of up to HK$4.5 billion for first half of 2023, marking strong rebound from HK$5 billion loss

Airline will also reward loyal employees who had been with company through pandemic with up to six weeks of eligible pay.

Posted on 14/07/2023

Hong Kong Takes Its Crackdown Abroad

HONG KONG—After crushing dissent at home, Hong Kong is turning its focus to activists who have continued their resistance to the Beijing-led crackdown from overseas.

Posted on 14/07/2023

Hang Seng boosts digitalisation efforts, reveals HK’s first Smart Teller

Hang Seng reveals three new service and operational solutions. Hang Seng Bank introduced its innovative 'Future Banking' service concept at a new branch in Festival Walk on 12 July. The branch ...

Posted on 14/07/2023

Hong Kong to start looking for 12,000 construction workers from next week; first batch to arrive during fourth quarter

City to begin accepting applications to import labourers as part of wider drive to recruit 20,000 personnel to support construction, aviation and transport sectors 'We will receive applications every ...

Posted on 14/07/2023

Hong Kong’s status as international city high on agenda at Financial Secretary Paul Chan’s talks in Beijing

Some analysts say Beijing may be concerned about city’s economic development amid tense global political situation as they discuss Paul Chan’s meetings with central government.

Posted on 14/07/2023

Hong Kong mortgage moves call for prudent approach

Under the revised mortgage rules, homes of up to HK$15 million (US$1.9 ... Officials must monitor the market closely. Hong Kong relaxes loan rules to improve affordability and upgrades About half of ...

Posted on 14/07/2023

HSBC builds up China green finance, bonds teams in funds push

HSBC is building up its green finance and bond teams in China to meet surging demand, two sources with knowledge of the matter told Reuters, as Europe's biggest bank presses on with expansion in the ...

Posted on 14/07/2023

Correcting and Replacing: Jardine Matheson and Hongkong Land celebrate 50 years of Jardine House

Hong Kong's first skyscraper continues to innovate and attract world-class tenants Building at the forefront of the development of modern Central. Hongkong Land invests up to US$100 million annually ...

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