HONG KONG (Reuters) - HSBC is set to acquire Citigroup's China consumer wealth management business, which manages more than $3 billion in assets, two sources with knowledge of the matter said, in a ...
Citi Planning to Sell China Retail-Wealth Unit to HSBC, Source Says
By Elaine Yu and Matthew Thomas Citigroup is in talks to sell its retail-wealth business in China to British rival HSBC, according to a person familiar ...
Fine French pastries house Paul Lafayet keen to bake name for itself in Hong Kong and Greater Bay Area
Growth of firm supported by government body InvestHK, which helps mainland Chinese and overseas businesses set up operations in Hong Kong.
Hong Kong industrial vacancy rate down to 1.5% in Q2
Net absorption increased to over 230,000sqm during the quarter. The overall vacancy rate in Hong Kong’s industrial market dropped from 1.9% in 1Q23 to 1.5% in 2Q23 while net absorption rose to about ...
Hong Kong Mortgage Rule Easing Seen Doing Little to Lift Market
Hong Kong is relaxing its mortgage rules for homes under construction, as the government takes further steps to support the city’s property market that’s been weighed by high borrowing costs.
Trading of shares of heavily indebted property developer China Evergrande suspended in Hong Kong
The Hong Kong stock exchanges says share trading of heavily indebted Chinese property developer China Evergrande Group has been suspended ...
China’s Neusoft Xikang sinks 35% in Hong Kong trading debut, while AI firm gains
Shares in Chinese hospital cloud software firm Neusoft Xikang slumped nearly 35% in the company's Hong Kong trading debut on Thursday, as sentiment towards some new share sales remained weak.
Hong Kong Finance Chief Hints at Easing Property Market Curbs
Hong Kong’s government is “constantly reviewing” the property market environment with a pragmatic attitude, Financial Secretary Paul Chan said in the latest hint at potentially easing curbs.
Trading of heavily indebted China Evergrande suspended in Hong Kong
The suspension comes after Bloomberg News reported that the chairman of Evergrande, Hui Ka Yan, had been taken away earlier this month and placed ...
Hong Kong fintech unicorn WeLab targets eight-fold growth in customers, tapping digital banking demand in Southeast Asia
Co---found-ed by Loong in 2013, WeLab is a home-grown unicorn backed by billionaire Li Ka-shing and others WeLab plans to introduce digital banking in Indonesia via BJJ, which is now a traditional ...
China Evergrande Group share trading suspended in Hong Kong after reports of chairman under police watch
HONG KONG -- China Evergrande Group share trading suspended in Hong Kong after reports of chairman under police watch.
Trading of shares of debt-laden property developer China Evergrande suspended in Hong Kong
The Hong Kong stock exchanges says share trading of the debt-laden Chinese property developer China Evergrande Group has been suspended ...
Hong Kong’s night scene: A tour of city’s evening hotspots reveals what’s hot and what’s not as consumers weigh in on what will get it alive and kicking again
City is struggling to revive nightlife as it grapples with shifting tourism patterns, changed spending habits and economic slowdown after emerging from pandemic Young people remain lukewarm to ...
Logistics firm Cainiao seeks IPO in Hong Kong
It had submitted a spin-off proposal to the Hong Kong bourse, and received authorization to proceed ... Meanwhile, Cainiao and AliExpress, Alibaba's business-to-customer platform, announced the launch ...