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Month: November 2023

Posted on 11/11/2023

Deep Hong Kong discounts for Singles’ Day shopping event as businesses aim to boost takings in sluggish economy

Businesses from malls to an airline sign up for shopping extravaganza, billed as the world's biggest But business academic Terence Chong warns that Singles' Day sales will not boost profits of ...

Posted on 11/11/2023

Hong Kong Property Tycoon Denies Rumors That Wife Lost $2.6 Billion With Bad Investments

Joseph Lau held a rare press conference to rebut rumors he had cut his wife out of his will after racking up heavy losses.

Posted on 11/11/2023

Hong Kong police arrest 70 in crackdown on online scams, selling bank accounts to crime syndicates for money laundering

Police say suspects, aged between 19 and 65, are holders of bank accounts linked to 66 cases, involving HK$67 million in losses Highest amount of money lost was HK$10 million in case involving 73-year ...

Posted on 11/11/2023

Detained, missing or under investigation: Business leaders in China face an ‘aggressive’ crackdown

Business leaders in China are under immense pressure, as President Xi Jinping’s government intensifies a regulatory crackdown on companies and strengthens its control of the economy.

Posted on 11/11/2023

Hong Kong’s graft-buster to take tactics global as part of Xi’s ‘clean’ belt and road push

Independent Commission Against Corruption chief Danny Woo reveals details of new academy that will train graft-busters from overseas Approach could answer Chinese President Xi Jinping's call made at ...

Posted on 11/11/2023

Gay Games: Hong Kong delivers ‘rainbows’ despite political clouds

Hong Kong's reputation however has kept others away. Its stringent Covid response - the city did not fully welcome back foreign tourists until September last year - also meant that the Games ...

Posted on 11/11/2023

Hong Kong Q3 GDP expands 4.1% on-year, growth forecast revised lower

Hong Kong's economy expanded 4.1 per cent in the third quarter from a year earlier, beating growth of 1.5 per cent in the second quarter and 2.9 per cent in the first, the government said on Friday ...

Posted on 11/11/2023

Hong Kong police arrest 4 on suspicion of conning 11 people out of HK$8.5 million

Fraud syndicate members posed as bank employees and cold-called targets to offer loans with low interest rates Victims include retired civil servant who lost his entire HK$2 million retirement fund to ...

Posted on 11/11/2023

Syngenta IPO Delay Underscores Asia’s Listing Malaise

Hi, it’s Alexandra Muller in London and Filipe Pacheco in Hong Kong. As noted in Thursday’s newsletter, some folks are starting to become more optimistic about M&A in Asia. The same can’t be said for ...

Posted on 11/11/2023

Hong Kong revises down full-year growth forecast to 3.2%, expert warns geopolitical tensions, high interest rates to affect economic outlook

Government economist Adolph Leung warns worsening external environment will continue to affect city’s economic outlook.

Posted on 10/11/2023

Chinese Estates’ Joseph Lau says he would not dare buy property amid high interest rates in Hong Kong

The property magnate and Chinese Estates founder says high interest rates are forcing businesspeople to recalculate their investments and potential returns. ‘It’s better to hold on to the money now.’ ...

Posted on 10/11/2023

Hong Kong poised to attract more of Asia’s wealth as measures draw family offices: JPMorgan’s Hong Kong CEO

Hong Kong is probably going to be one of the biggest wealth centres in the world, and Singapore is catching up very quickly,’ says Harshika Patel.

Posted on 10/11/2023

Senior Beijing official in Hong Kong hits out at US lawmakers’ proposed sanctions, rejecting accusations over national security law

Liu Guangyuan, deputy director of central government’s liaison office in the city, says national security law’s implementation has improved business environment.

Posted on 10/11/2023

Hong Kong’s first green loan for logistics sector, worth US$1.13 billion, will finance cold storage facility in Kwai Chung

ESR Group, a real estate services and investment company, and property firm Chinachem Group have secured Hong Kong's first green loan for a logistics facility, worth HK$8.8 billion (US$1.13 billion).

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