The Hang Seng Index, which tracks the 80 largest companies trading on the Hong Kong exchange, declined 32% over the past year. It is near its lowest level in almost two decades. The IPO Story Tumbling ...
In Hong Kong, decades of wealth gains evaporate on Beijing’s watch
It was not the first time Lam, who has been investing on and off in Hong Kong stocks since the late 1990s, had seen it happen. The index dropped below 15,000 points during SARS in 2003, the Global ...
‘Hard to believe’: Hong Kong ‘lagging behind’ in e-payments as Octopus card and cash keep grip on shoppers, merchants
Some platforms have grown in popularity since pandemic, but merchants complain about relatively high transaction fees for e-payment systems, say they prefer cash.
Hong Kong’s Economy Is Struggling. Will It Crack in 2024?
While there will be tailwinds for Hong Kong’s economy in 2024, both immediate and long-term challenges remain.
Hong Kong Life in Amazon’s Expats Is Tragic, Lonely and Boring
Nicole Kidman showed up in Hong Kong to shoot the new Amazon miniseries, Expats, at a particularly awkward moment for the city. It was August 2021, when China (and by extension, Hong Kong) was ...
Hong Kong stocks open down after 3-day rally
Hong Kong stocks opened lower on Friday morning as profit-takers moved in after a three-day rally that saw the market pile on more than eight ...
After disgraced crypto entrepreneur’s ‘enjoyable’ Singapore prison experience, focus turns to exchange in Hong Kong
As has been common in the industry, OPNX has not listed a location for its headquarters. However, it registered an office in Hong Kong’s Central business district last May, with Lamb listed as a ...
Hong Kong’s office slump squeezes real estate funds
Hong Kong: Real estate funds are getting caught in Hong Kong ... That was before global financial firms cut space as business prospects dwindled and workers left the city amid tightening restrictions ...
Hong Kong to launch subsidy scheme for green fintech start-ups to bolster sustainability data acumen, official says
The Hong Kong government will soon launch a subsidy scheme for start-ups with expertise in the collection, analysis and reporting of sustainability data as part of an effort to connect the city's ...
Plan Your Chinese New Year Getaway and Enjoy an Unforgettable Valentine’s Day in Hong Kong
Known for its distinctive East-meets-West culture, Hong Kong is an ideal city for couples to celebrate both Valentine's Day and Chinese New Year ...
In ‘Expats,’ Lulu Wang centers not only the lives of women but a changing Hong Kong
Lulu Wang's "Expats," premiering Friday on Prime Video, is an adaptation of Janice Y. K. Lee’s bestselling book that stars Nicole Kidman and examines the intersection of the lives of three women ...
Hong Kong’s richest families lose billions while Indian clans thrive
Yet the collective wealth among the region's richest clans has never been greater: $534 billion, up $55 billion since March, driven by furious growth in India that has bolstered the Ambani, Mistry, ...
Hong Kong is becoming less of an international city
But 2084, a plant-based joint in Hong Kong’s New Territories, hopes doing so will help it attract more customers this year. “All the expats are gone,” says Naz Farah, the owner. “Now a lot of mainland ...
Airport Authority retail bonds to be oversubscribed, BOCHK says, but HSBC reports only ‘favourable’ demand
Airport Authority Hong Kong’s HK$5 billion (US$640 million) retail bonds are expected to be oversubscribed, but have not generated as much buzz as the green bonds the Hong Kong government issued in ...