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Month: November 2023

Posted on 29/11/2023

Hong Kong’s third-richest man brushes back succession theories: ‘If there’s no family member suitable, we can hire from the outside’

The revelation from Hong Kong’s third-richest man raised eyebrows in a city ... making deleveraging the priority, Chief Financial Officer Edward Lau said in an interview. The company plans to dispose ...

Posted on 29/11/2023

Accelerated crypto approvals in Hong Kong post-JPEX rugpull incident

Hong Kong, a city known for its skyscrapers and dim sum, has been making headlines in the world of cryptocurrency. Following the JPEX rugpull incident, a situation that sent shockwaves through the ...

Posted on 29/11/2023

HSBC CEO says bank ‘well provisioned’ for any further China real estate losses

HSBC is well provisioned against further China real estate losses, its CEO Noel Quinn said on Wednesday, amid a slump for the country's property market that has led to bank writedowns in recent ...

Posted on 29/11/2023

Hong Kong stocks slide for fourth day as Meituan tumbles 11% to lowest since April 2020 on slowdown warning

Meituan slumps after warning about a slowdown in demand for its services this quarter, erasing most of the stock’s post-Covid advance. The Hang Seng Index is hanging onto a 0.7 per cent gain in ...

Posted on 29/11/2023

The biggest prosecution yet is underway in Hong Kong taking pro-democracy activists to trial

Some of Hong Kong’s best-known pro-democracy activists went on trial Monday in the biggest prosecution yet under a law imposed by China’s ruling Communist Party to crush dissent. View on euronews ...

Posted on 29/11/2023

Pension Withdrawals by Residents Leaving Hong Kong in Q3 up 1.7% on Year

HONG KONG (Reuters) - Residents leaving Hong Kong for good withdrew a total of HK$2.213 billion ($283.72 million) from their Mandatory Provident Fund (MPF) pension accounts in the third quarter of ...

Posted on 29/11/2023

Nearly 60 Hong Kong public sector households also own private homes, crackdown on cheats finds

Housing chief Rosanna Law says public sector households exposed as property owners after checks on 57,000 people in 25,000 homes.

Posted on 29/11/2023

Hong Kong’s pro-democracy leaders give final defense as landmark national security trial nears an end

Dozens of Hong Kong’s most prominent pro-democracy figures are one step closer to learning their fate in the city’s largest national security case to date, as prosecutors and lawyers are returning to ...

Posted on 29/11/2023

Hong Kong stock market ‘task force’ urges push to win Middle East IPOs

Group set up by territory’s government also recommends outreach in south-east Asia as listings from China dry up ...

Posted on 29/11/2023

Hong Kong lists Asia’s first ETF tracking Saudi equities

CSOP Asset Management on Wednesday (November 29) launched Asia’s first exchange-traded fund tracking the performance of Saudi Arabian equities on the Hong Kong stock exchange.

Posted on 29/11/2023

HK shares hit one-year low, China dips as Meituan soft outlook weighs

HONG KONG: Hong Kong stocks slumped to a one-year low on Wednesday ... Caroline Yu Maurer, head of China and specialised Asia strategies at HSBC Asset Management, expects China markets to stay ...

Posted on 29/11/2023

StartmeupHK Festival showcases Hong Kong’s flourishing innovation and technology sector

Hong Kong’s dynamic start-up ecosystem continues to exhibit resilience, attracting innovative entrepreneurs and global capital. The city has not only fostered the growth of unicorns, but it is also ...

Posted on 29/11/2023

A Hong Kong Court hears final arguments in subversion trial of pro-democracy activists

A Hong Kong court has started hearing the final arguments of some of the city’s best-known pro-democracy activists tried under a law imposed by China’s ruling Communist Party to crush dissent.

Posted on 29/11/2023

Hong Kong stocks lead Asia losses; Australia inflation slows more than expected

Asia-Pacific markets largely fell, led by losses in Hong Kong as investors assess comments from the U.S. Federal Reserve board members and digest Australia’s October inflation figures. Shares of ...

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