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Month: November 2023

Posted on 15/11/2023

Hong Kong stocks jump on US inflation news

Hong Kong stocks surged at the open of business on Wednesday morning after a below-forecast US inflation print fanned optimism that the Federal ...

Posted on 15/11/2023

New science classes for Hong Kong primary school pupils to cover country’s achievements, importance of subject to national security

New subject will be introduced to align with a mainland directive to ‘invigorate the country through science and education’, says draft framework document.

Posted on 15/11/2023

Prize a shot in arm for Hong Kong innovation drive

Earthshot Prize for start-up GRST and its eco-friendly lithium battery technology shows Hong Kong has what it takes to confront environmental challenges The word "innovative" is used so often that it ...

Posted on 15/11/2023

Wooing business leaders and avoiding conflict: What’s on Xi’s agenda as the Chinese leader heads to California

Xi Jinping is making his first visit to the US in six years this week for a highly anticipated summit with US President Joe Biden — where the Chinese leader will likely try to bolster his country’s ...

Posted on 15/11/2023

Hong Kong Based Boyaa Plans to Buy $45 million Worth of Bitcoin As Treasury Reserve Asset

The company anticipates dispatching a circular to shareholders by November 30, detailing the proposed acquisition.

Posted on 15/11/2023

Lufax to acquire Hong Kong virtual lender Ping An OneConnect Bank for US$119.5 million

While Lufax lends to small businesses on the Chinese mainland, PAOB offers virtual banking services primarily to small and medium-sized enterprises (SMEs) in Hong Kong. An overlap in services and ...

Posted on 14/11/2023

Hong Kong stocks drop as new signs of China recovery weakness challenge fund managers’ view that sell-off overdone

Some fund managers are keeping their bullish view on cheap Chinese stocks after months of sell-off, while reports showed weak economic recovery with the latest credit data falling short of market ...

Posted on 14/11/2023

Hong Kong lending market rebounds, but bad loans also rise: study

Hong Kong’s lending market is witnessing a recovery in loan demand, but face risks from rising bad loans, according to a study by credit referencing agency TransUnion. The study, which polled hundreds ...

Posted on 14/11/2023

Hong Kong’s Greater Bay Airlines: What You Need To Know

G reater Bay Airlines is Hong Kong's latest airline startup. It was unfortunate to try to start services just as the pandemic hit Hong Kong air traffic. Despite a delayed start in July 2022, it now ...

Posted on 14/11/2023

Hong Kong launches academy for wealth legacy as finance secretary hails city’s ‘thriving’ family office sector

Some of the richest families in the city and the wider region attended a ceremony to launch the Hong Kong Academy for Wealth Legacy (HKAWL) in Tsim Sha Tsui.

Posted on 14/11/2023

Hong Kong lecture by British barrister linked to Jimmy Lai trial cancelled

Timothy Owen, who was blocked from representig the activist Jimmy Lai, was due to give a talk on law and democracy ...

Posted on 14/11/2023

Hong Kong residents panic-buying bedbug insecticides amid fears of global outbreak

Hong Kong residents have started panic-buying bedbug insecticides over fears of an outbreak, local media reported. Last week, Hong Kong authorities started distributing bedbug warning leaflets to ...

Posted on 14/11/2023

Beijing bishop makes historic visit to Hong Kong amid China-Vatican tensions

Experts said that Joseph Li's five-day tour was a symbolic gesture that could strengthen the fragile relationship between China and the Vatican.

Posted on 14/11/2023

Hong Kong police arrest 21 people in crackdown on prostitution gang recruiting mainland Chinese sex workers for brothels

Hong Kong police have arrested 21 people in a crackdown on a prostitution syndicate that brought in sex workers from mainland China to work in brothels in Kwun Tong. Chief Inspector Kai Tsz-lun on ...

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