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Month: October 2023

Posted on 27/10/2023

Hong Kong stocks rise by most in 2 weeks, set for weekly gain as more Chinese companies join buy-back plans

EV battery maker CATL and home appliances maker Gree unveiled stock buy-backs in Shenzhen China Life Insurance tumbles 3 per cent, the biggest drag on the Hang Seng, after reporting a 99 per cent ...

Posted on 27/10/2023

Hong Kong may face over HK$100 billion fiscal deficit, finance chief Paul Chan warns

The Hong Kong government may face a fiscal deficit of more than HK$100 billion, the city’s finance minister has warned, citing a slow post-pandemic recovery and reduced revenue from land sales and ...

Posted on 27/10/2023

Hong Kong home prices at lowest level since 2017 as high interest rates deter buyers, weigh on transactions

Hong Kong’s lived-in home prices fell by nearly 1.75 per cent month on month in September to their lowest since April 2017, as elevated interest rates have dampened sentiment and pushed buyers to the ...

Posted on 27/10/2023

Ant-Backed Rural Lender Chongho Weighs $500 Million Hong Kong IPO

Chongho Bridge Credit Agricultural Group Co., a Chinese rural bank that offers microcredit and micro-insurance to small businesses, is considering a Hong Kong initial public offering that could raise ...

Posted on 27/10/2023

Shares of Tencent-backed J&T Express fall in Hong Kong debut

Shares of Indonesian logistics service provider J&T Express dropped 1.33% in Hong Kong's second-largest initial public offering this year.

Posted on 27/10/2023

Hong Kong’s property prices won’t pop any time soon. Here’s why

Hong Kong leader John Lee this week eased the city's decade-old residential property cooling measures — but will it be enough to boost market sentiment?

Posted on 27/10/2023

Hong Kong Shares Expected To Open Under Pressure On Friday

Hong Kong & China Gas fell 0.18 percent, Industrial and Commercial Bank of China collected 0.80 percent, JD.com advanced 1.50 percent, Lenovo strengthened 1.57 percent, Li Ning plummeted 20.70 percent ...

Posted on 27/10/2023

Hong Kong policy address 2023: foreign business chambers welcome multi-entry visa to mainland China, but call for easier travel to Greater Bay Area

Commerce groups say city leader's decision to offer foreign staff of overseas companies registered in Hong Kong multi-entry visa is step in right direction Foreign business leaders also call for ...

Posted on 27/10/2023

LET Group sells Hong Kong unit for US$2.6mln

LET Group Holdings Ltd, a Hong Kong-listed investor in a number of Asian casino projects, says that an indirect wholly-owned subsidiary has completed the disposal of a Hong Kong business unit, for a ...

Posted on 27/10/2023

Hong Kong property sales could surge after easing measures — but don’t expect prices to pop

Questions remain on whether Hong Kong's easing of property measures is enough to boost market sentiment and low transaction volumes for the private housing sector. For the market to fully recover, ...

Posted on 27/10/2023

Hong Kong’s Second Biggest IPO of Year to Seal Founder’s Fortune

Another billionaire has been minted thanks to the online shopping boom that’s expanding from China to Southeast Asia.

Posted on 27/10/2023

Hong Kong to record higher-than-expected deficit this year as shrinking income from stamp duties, land sales hurts public coffers: Paul Chan

Finance chief assures stakeholders that government has no plans to raise salary and profit taxes, expresses confidence in efforts to bring in companies to boost revenue.

Posted on 27/10/2023

Hong Kong finance chiefs seen favouring hybrid work arrangements with eye on ‘meaningful boost’ to firms’ bottom lines amid economic uncertainties, IWG says

City's CFOs are looking at cost savings 'as they brace for a potential local economic downturn and possible global recession', Swiss flexible office space provider says Not only does hybrid working ...

Posted on 27/10/2023

Hong Kong Wine and Dine Festival returns to harbourfront in full form after years bottled up by pandemic

About 300 stalls are offering food and drink, showcasing dishes from 17 countries and regions and fine wines from Italy, France, mainland China and elsewhere.

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