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Month: October 2023

Posted on 31/10/2023

Alibaba, HSBC, BYD lead stock slump in Hong Kong on surprise drop in Chinese manufacturing

The city’s stock benchmark completed a third month of losses. A surprise drop in manufacturing in October means it’s too early to call the bottom in the Chinese economic slowdown, Nomura says.

Posted on 31/10/2023

Xi says China’s women must start ‘new trend of family’

HONG KONG (Reuters) - Chinese President Xi Jinping said women have a critical role and must establish a "new trend of family", as the nation grapples with an ageing population and record decline in ...

Posted on 31/10/2023

Americans have ‘thin’ awareness of situation in Hong Kong, former consul general says

US media focusing on national security trials and political changes with very little reporting about other aspects of society and economy, Kurt Tong says ...

Posted on 31/10/2023

Hong Kong Economic Growth Improves To 4.1% In Q3

Hong Kong's economy grew at a stronger pace in the third quarter, boosted by tourism and spending, though the rate of expansion was ...

Posted on 31/10/2023

‘Situation looks promising’: thousands flock to Hong Kong’s nightlife district Lan Kwai Fong to celebrate first post-pandemic Halloween

Tourism Board set up selfie spots at MTR train stations and cross-harbour ferries, while police closed off roads in the nightlife hub in preparation for the festival.

Posted on 31/10/2023

Hong Kong’s services expertise can fuel growth in Greater Bay Area, former mainland China official says

Huang Qifan, ex-mayor of Chongqing, has pointed to Hong Kong's mature producer services as a source for growth in southern Chinese mega zone Command over advanced services can, Huang said, help ...

Posted on 31/10/2023

Hong Kong Finance Chief to Attend APEC Meet, Side-Stepping Dispute

HONG KONG (Reuters) - Hong Kong's financial secretary Paul Chan will attend an APEC meeting on Nov. 15-17 in San Francisco, it said on Tuesday, standing in for Chief Executive John Lee and smoothing ...

Posted on 31/10/2023

Hong Kong’s Negative-Equity Mortgages Triple to 11,100 Cases

The number of negative-equity mortgages in Hong Kong more than tripled in September, a sign of continued weakness in the city’s property market.

Posted on 31/10/2023

Skadden, Jia Yuan to Help Launch Hong Kong’s First Billion-Dollar IPO of 2023

Freshfields Bruckhaus Deringer and King & Wood Mallesons have also bagged roles on the much-welcomed transaction.

Posted on 31/10/2023

Hong Kong – Sponsors Still Taking The Rap For Listing Fraud.

Hong Kong - Sponsors Still Taking The Rap For Listing Fraud. Legal News and Analysis - China, Hong Kong - Capital Markets - ...

Posted on 31/10/2023

Hong Kong Q3 GDP up 4.1% on year, but lower than forecast

Hong Kong's economic growth accelerated in the third quarter to 4.1% from a year earlier, official advance estimates showed on Tuesday, as inbound tourism and private consumption supported a revival.

Posted on 31/10/2023

All About You: Woman-Led Fintech Startup YouTrip Raises $50 Million From Lightspeed

YouTrip raised $50 million in a Series B funding round from new investor Lightspeed Venture Partners, bringing its total funds raised to $105.5 million.

Posted on 31/10/2023

Hong Kong leader defends elections after largest pro-democracy party shut out

The Democratic party, the city’s largest pro-democracy party, failed to secure enough nominations under new rules introduced by authorities

Posted on 31/10/2023

Hong Kong Economy Grows Slower Than Expected as Recovery Cools

Hong Kong’s economy grew less than expected in the third quarter of this year, suggesting the Asian financial hub’s post-pandemic boost may be fading.

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