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Month: November 2023

Posted on 10/11/2023

Ransomware attack on China’s biggest bank may have hit US Treasury market

A US unit of the Industrial and Commercial Bank of China (ICBC) was hit by a ransomware attack this week that disrupted some of its systems, reportedly hitting liquidity in US Treasuries which may ...

Posted on 10/11/2023

Jimmy Lai: Hong Kong hits back after 10 overseas Catholic leaders attack ‘persecution’ of tycoon

Government says Catholic leaders’ petition calling for release of Jimmy Lai is ‘misleading and slanderous’ and accused the clerics of undermining rule of law.

Posted on 10/11/2023

Hong Kong Q3 GDP expands 4.1% y/y, growth forecast revised lower

Hong Kong's economy expanded 4.1% in the third quarter from a year earlier, the government said on Friday, adding that inbound tourism and private consumption would underpin growth for the rest of the ...

Posted on 10/11/2023

Hong Kong Lowers 2023 GDP Expectations as Recovery Sputters

Hong Kong lowered its economic growth forecast for this year in a sign that tough times are still ahead for the financial hub amid a muted post-pandemic recovery.

Posted on 10/11/2023

Hang Seng index punched as Hong Kong, China risks keep coming

The Hang Seng index record of underperformance continued this week as concerns about the Chinese economy continued. The index has dropped for four straight days and is now nearing the lowest level in ...

Posted on 10/11/2023

Invesco overweight on China, likes some Hong Kong REITs

Global asset manager Invesco is overweight on Chinese assets in its Asian funds and adding exposure to Hong Kong's beaten-down real estate sector where dividend yields are lucrative, according to one ...

Posted on 10/11/2023

Hong Kong’s MTR Corp conducts deep cleaning on Airport Express train after viral photo shows small insect on passenger seat

Henry Cheng from Ivy Pest Control Corporation says insect in photo is bedbug of Cimex lectularius species, warning it will be hard to prevent the pests on trains.

Posted on 10/11/2023

6 top tech innovation activities at Hong Kong’s Jumpstarter 2023 Tech by the Harbour

Sponsored article] There is nothing like a festival to bring people together to be inspired and, when it comes to tech festivals, there is nothing like Hong Kong’s Jumpstarter 2023 Tech by the Harbour ...

Posted on 10/11/2023

Hong Kong tests China’s tolerance with Asia’s first Gay Games

As the Gay Games opened in Hong Kong, with hundreds of athletes, singers and a traditional lion dance, top government adviser Regina Ip hailed the event’s first staging in Asia as a “strong testimony ...

Posted on 10/11/2023

Hong Kong poised to manage ‘lion’s share’ of Asia’s wealth as measures draw family offices: JPMorgan private bank 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

Hong Kong issues bedbug warnings to international airport passengers amid outbreaks in London, Paris and Seoul

Hong Kong authorities are distributing bedbug warning leaflets to passengers at the airport amid rising reports of bedbug infestations in South Korea, France, and the UK. Local authorities are closely ...

Posted on 10/11/2023

Hong Kong schools to get HK$80,000 over two years in bid to improve mental health in classrooms and told to review pupil workloads

Cash to boost pupils’ mental health, HK$60,000 to schools and HK$20,000 to parent-teacher associations, will be handed in the next two academic years.

Posted on 10/11/2023

Hong Kong and the United States can do so much together ‘if domestic politics can be set aside’, says John Lee

But John Lee says he and many others find it ‘absolutely unacceptable and outrageous’ that several US lawmakers are pushing for sanctions against officials.

Posted on 10/11/2023

$70 Million Buys Peak Views And Privacy Above Bustling Hong Kong

With a location called Cheuk Nang Lookout within the high-end residential area known as the Peak, this single-family residence in Hong Kong delivers on unobstructed views. Nestled in greenery, the home looks out over the sea and faraway islands while the ...

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