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Month: November 2023

Posted on 27/11/2023

Hong Kong stocks approach 2-week low as banks, BYD tumble before China data underlining weak recovery, stimulus impact

Stocks approach a two-week low before government reports this week that may underline China’s struggle to revive its faltering economy. BYD tumbles on concerns about price war.

Posted on 27/11/2023

Stressed HK Developers Lure Private Credit as Funding Gap Looms

Private credit lenders are circling distressed property developers in Hong Kong, with a record $23.4 billion of bank loans coming due next year for the downtrodden sector.

Posted on 27/11/2023

Hong Kong, Chinese buyers shrug off high prices and interest rates to pile into prime Australian property

Prices in major Australian cities like Perth, Brisbane and Adelaide are at a record-high, up by as much as 11 per cent over the past 12 months, Juwai IQI's Daniel Ho says Foreign buying is surging ...

Posted on 27/11/2023

Fidelity plans multiple fund launches in China to tap growing wealth management, pension demand

Fidelity completed two mutual fund launches in mainland China this year, raising a combined US$862 million The London-headquartered investment manager plans to use Hong Kong to tap the Greater Bay ...

Posted on 27/11/2023

Hong Kong’s once-vibrant retail sector faces perilous times

The sight of steadily falling rents in Hong Kong's top shopping districts and high-end stores closing bodes ill For Hong Kong to thrive requires a significant restructuring of the economy with less ...

Posted on 27/11/2023

Hong Kong’s Stressed Developers Start to Turn to Private Credit

Private credit lenders are circling distressed property developers in Hong Kong, with a record $23.4 billion of bank loans coming due next year for the downtrodden sector.

Posted on 27/11/2023

‘Still a lot of work’: climate activist Melati Wijsen’s message to Hong Kong

Indonesian environmentalist spoke to Hong Kong students at a sustainability film festival about how to deal with setbacks and climate anxiety.

Posted on 27/11/2023

‘Starting from zero’: Hong Kong restaurants begin revamping e-menus, tech measures that leave disabled diners out in the cold amid watchdog call

More restaurants have introduced electronic queues and digital menus, which are not easily accessible for blind or deaf patrons.

Posted on 27/11/2023

Hong Kong Squash Open: costly event pushed up ticket prices but fans getting ‘very good deal’, official says

Tickets costing up to HK$540 are ‘very, very cheap for a world-class event’, says Wilfred Ng, chairman of Hong Kong’s Major Sports Events Committee.

Posted on 27/11/2023

Hongkongers scammed out of HK$705 million in 9 months by phone cheats, with telecoms companies sending out 117,000 alerts daily

City’s telecoms firms have sent 117,647 alerts daily since May to warn about possible scams from ‘+852’ numbers pretending to be locally based.

Posted on 27/11/2023

Shanghai Hairy Crabs Bring China’s Deflation to Hong Kong

Hong Kong residents taking weekend trips to Shenzhen are profoundly changing retail and leaving the city’s restaurants and bars out in the cold.

Posted on 27/11/2023

Hong Kong customs arrests 2 at city’s airport in connection with smuggled dried shark fins worth HK$2.6 million

Officers arrest 35-year-old man and 38-year-old woman arriving in city from Brazil via Ethiopia in two separate incidents.

Posted on 27/11/2023

Hong Kong district council election: 4,500 city residents based in mainland China signed up to vote at polling stations near border, minister says

Constitutional affairs chief Erick Tsang also says authorities will not force civil servants to vote in first district council poll since overhaul of municipal bodies.

Posted on 26/11/2023

Hongkongers scammed out of HK$705 million in 9 months by phone tricks, with telecoms companies sending thousands of alerts daily

Guess who I am' trick still fools people into believing family members in distress need money fast, with 1,822 cases reported in first nine months City's telecoms firms have sent 117,647 alerts daily ...

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