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Month: November 2023

Posted on 07/11/2023

Hong Kong’s property, finance, ESG and technology through the pens and key strokes of the Post’s veteran journalists

With more than a century of experience between them, the stories of the Post’s veteran journalists recount Hong Kong’s transformation in real estate, finance, ESG and technology.

Posted on 07/11/2023

More global firms quietly shifting out of Hong Kong as city tries to lure them back

Notion of ‘headquarters’ has already evolved, with MNCs learning from the painful lessons of the city’s Covid-19 shutdown. Read more at straitstimes.com.

Posted on 07/11/2023

Hong Kong remains a global financial powerhouse, key to developing mainland China’s economy, vice-premier He tells summit

Vice-premier He Lifeng says Global Financial Leaders' Investment Summit an important platform to showcase China's charm and Hong Kong's charisma The summit, hosted by the Hong Kong Monetary Authority, ...

Posted on 07/11/2023

WuXi Biologics’ medical research unit eyes up to $471 mln in Hong Kong IPO

China-headquartered WuXi XDC, the contract medical researching unit of WuXi Biologics (Cayman) , said on Tuesday it intended to raise up to HK$3.68 billion ($470.56 million) in one of Hong Kong's top ...

Posted on 07/11/2023

Danger still exists for borrowers, lenders in Hong Kong

Thanks to the US dollar currency peg, rates in Hong Kong should hold steady, too. That should bring some relief to long-suffering mortgage holders. Fed chief Jay Powell has described the US central ...

Posted on 07/11/2023

Alibaba’s Cainiao makes buyout offer for local rival Best ahead of planned blockbuster Hong Kong IPO

Chinese logistics firm Best recives buyout offer from consortium including existing investor Cainiao, the Alibaba logistics arm planning a US$1 billion IPO in Hong Kong.

Posted on 07/11/2023

China lent $1.34 trln in 2000-2021, focus shifts from Belt and Road to rescue finance-report

Chinese financial institutions lent $1.34 trillion to developing countries from 2000 to 2021, U.S. researchers at AidData said in a report that showed the world's biggest bilateral lender switching ...

Posted on 07/11/2023

Guests at Bored Ape event in Hong Kong struck by vision problems

More than a dozen attenders of NFT group’s festival, which used ultraviolet light, complained of ‘eye burn’ on social media ...

Posted on 07/11/2023

China’s Vice-premier He Lifeng to headline Hong Kong bankers’ summit, hot on heels of appointment to lead top finance body

He will participate virtually and three top mainland Chinese regulators will attend in person for the first time as the Global Financial Leaders’ Investment Summit gets under way on Tuesday, ...

Posted on 07/11/2023

Prudential: Hong Kong drives new business profits up 37 per cent as Asia strategy credited

Insurance giant Prudential’s new business profit rose to ($2,14bn) £1.7bn in third quarter, which was a 37 per cent increase on the same period for 2022 as the firm credits its new strategy.

Posted on 07/11/2023

Hong Kong regulator issues tokenized investments requirements amid demand

Providers are expected to take full responsibility for their tokenized products and ensure effective record-keeping, large risk appetite, and demonstrate operational soundness, among other factors.

Posted on 07/11/2023

Hong Kong minibus drivers cry foul over higher cross-harbour tolls from next month, as lawmaker warns fee rise could put operators out of business

Minibus Union chief warns launch of time-varying tolls at three cross-harbour tunnels could deter commuters from using pricier transport services 'Most of us do five round trips a shift, which means ...

Posted on 07/11/2023

Hong Kong to allow retail access to spot crypto ETFs

Hong Kong is considering the introduction of exchange-traded funds (ETFs) that invest directly in cryptocurrencies.

Posted on 07/11/2023

New Legislation Holds Hong Kong Judges & Prosecutors Feet To The Fire

New legislation urging the sanctioning of nearly 50 judges and prosecutors in Hong Kong is the latest congressionally led measure designed to up the ante on the Hong Kong government. The bicameral, bipartisan legislation introduced by Senators Dan Sullivan ...

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