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Month: August 2023

Posted on 25/08/2023

Dowsure Signs multi-million-dollar Asset-Backed Loan with HSBC

SHENZHEN, China, Aug. 25, 2023 /PRNewswire/ -- Dowsure as a pioneer of digital API platforms for cross-border e-commerce, today announced that it has received a multi-million-dollar Asset-Backed Loan ...

Posted on 25/08/2023

Bank of East Asia, China Construction Bank earnings marred by rise in bad loans to mainland’s distressed property sector

Bank of East Asia's non-performing loans in China rose by 0.4 percentage points to 3.15 per cent of its total lending in the first half China Construction Bank's bad loans to China's real estate ...

Posted on 25/08/2023

Delhi To Hong Kong: IndiGo To Restart Daily Flights In October

The airline will resume the service on October 5th. IndiGo is restarting flights between New Delhi and Hong Kong in response to increasing travel demand in the Asia-Pacific region. The airline will ...

Posted on 25/08/2023

Hong Kong businesses strongly reject city bid to extend mall hours amid manpower crunch, consumers spending across border

Industry players also say residents prefer to spend across the border post-pandemic, with the tourist dollar not as strong as before.

Posted on 25/08/2023

Hong Kong’s Tony Leung Chiu Wai set to star in another Western film after ‘Shang-Chi’

The actor will play a renowned neuroscientist travelling from his home town of Hong Kong to the Marburg Faculty in the third segment of 'Silent Friend'.

Posted on 25/08/2023

Hong Kong stocks drop, trimming weekly gain on mixed bag of corporate earnings, Fed rate policy outlook

Hong Kong stocks snapped a three-day rebound as earnings results from some industry bellwethers heightened concerns about their business outlook, while the US central bank retained a hawkish stance on ...

Posted on 25/08/2023

Hong Kong Shares Due For Profit Taking On Friday

The Hong Kong stock market has moved higher in three straight trading days, collecting almost 600 points or 3.3 percent along the ...

Posted on 25/08/2023

‘Shop till you drop’ is dead. Mainland Chinese tourists in Hong Kong chase Instagram-worthy photo opportunities

Business is booming at Hong Kong eatery Two Greens, a small Malaysian-Cantonese fusion restaurant in Mong Kok, and the place is often packed with mainland Chinese visitors. They h ...

Posted on 25/08/2023

Hong Kong Is Losing Its Fight to Repair Image as Shopping Heaven

Hong Kong has struggled to regain its appeal as a global retail paradise since the city reopened this year, underscoring the damage caused by years of isolation to its $360 billion economy.

Posted on 25/08/2023

The world should study China’s crushing of Hong Kong’s freedoms

“H ONG KONG is becoming less and less relevant,” says a Western diplomat in the city. On the face of it, that is an odd claim. Lots of foreign governments take Hong Kong seriously, noting each step of ...

Posted on 24/08/2023

Dubai’s luxury home prices sizzle while Hong Kong’s fizzle amid supply glut, high interest rates: Knight Frank

Tokyo occupies second place and Manila is third in a quarterly ranking compiled by the property consultancy, while Hong Kong falls one spot to 35th on the list.

Posted on 24/08/2023

HSBC expands venture debt offering to early-stage startups in US

HSBC said on Thursday it has expanded venture debt offering to early-stage startups through its U.S. innovation banking division.London-based HSBC has been catering to late-stage and mature firms ...

Posted on 24/08/2023

China’s tourism to grow faster than its GDP as people spend less on property, more on travel, Tongcheng executive says

People in China have switched from buying big-ticket items like flats and cars to experiential consumption, Tongcheng Travel CFO Fan Lei told the Post.

Posted on 24/08/2023

China central bank boosts offshore bill sales to stabilise yuan, says ex-official

Increased yuan bill sales by China's central bank in Hong Kong this week helped tighten liquidity in the offshore market to help stabilise the yuan by making it expensive for speculators to short the ...

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