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Month: January 2024

Posted on 10/01/2024

Mixue Brews Up Renewed IPO Bid, Tempting Investors With Overseas Expansion

Mixue has filed to list in Hong Kong, in a deal that could value it at $5 billion or more as it reportedly seeks to raise up to $1 billion An increasingly crowded China market is pushing Mixue to ...

Posted on 09/01/2024

Hong Kong’s banks urged to step up digital fraud monitoring

As cases spike, the Hong Kong Monetary Authority is stepping up efforts to tackle fraud in an evolving banking landscape such as the use of the Faster Payment System.

Posted on 09/01/2024

Hong Kong Firms Boost Stock Buybacks Amid $3.2 Trillion Selloff

Companies listed in Hong Kong are increasingly turning to share buybacks to prop up their stock prices, a tactic that hasn’t been working amid pessimism over China’s economic outlook.

Posted on 09/01/2024

Hang Seng Bank warns against fake mobile investment app

Hang Seng Bank and the Bank’s subsidiaries have no association with this application,” the bank said in a statement. In a press release, the Hong Kong-based bank warned that the app may be used to ...

Posted on 09/01/2024

Spot the difference: Hong Kong champ Andrey Rublev shows off Bulgari watch during trophy ceremony

Since becoming Bulgari’s first tennis ambassador in 2021, Rublev has amassed a collection of luxury watches and helped launch the brand's tennis-inspired Aluminum Match Point Edition model last year.

Posted on 09/01/2024

Cathay Pacific needs to address capacity issues, Hong Kong leader says

Plans by Hong Kong's Cathay Pacific Airways to slash flights during the busy Lunar New Year period show the airline needs to address its capacity problems, the city's leader said, while its pilot ...

Posted on 09/01/2024

4 people charged over alleged plot to smuggle hundreds of Australian native reptiles to Hong Kong

Four people have been charged over an alleged plot to smuggle hundreds of Australian native reptiles from Sydney to Hong Kong.

Posted on 09/01/2024

Hong Kong stocks snap 5-day slump as China rate-cut hopes as Alibaba, HSBC help lift market from 13-month low

Local stocks stem five days of losses on bets China’s central bank will cut lending rates soon to spur the economy. Two market debutants in Hong Kong hand investors steep losses.

Posted on 09/01/2024

Increasing Hong Kong public service charges won’t help to balance books, economists say, calling for focus on boosting business, land sales

Financial Secretary Paul Chan says he will review some public service charges that have not been adjusted for a long time Economists say any changes will affect a lot of people, especially the needy, ...

Posted on 09/01/2024

Hong Kong penalty scheme for power outages ‘overlooks small incidents’ after 2 CLP glitches, lawmaker says

Hong Kong’s existing penalty scheme for power outages has tended to “overlook small incidents” following two glitches in Tsing Yi in less than a week, a lawmaker has said as he urged authorities to ...

Posted on 09/01/2024

Hong Kong Exchanges: It’s About Turnover And IPOs

Learn about the fluctuations in Hong Kong Exchanges's turnover and its future outlook for IPO fundraising. Click here to read why I rate the stock a Hold.

Posted on 09/01/2024

Hong Kongers in Taiwan firmly support the ruling party after watching China erode freedoms at home

HONG KONG (AP) — As Taiwan’s presidential election approaches, many immigrants from Hong Kong, witnesses to the alarming erosion of civil liberties at home, are supporting the ruling Democratic ...

Posted on 09/01/2024

Tightening noose: Hong Kong joins EU, US, South Korea and Singapore in tightening crypto rules, report says

In 2023, 17 jurisdictions including Hong Kong, the EU, South Korea, Singapore, and the US, tightened cryptocurrency regulations, according to a report by TRM Labs.

Posted on 09/01/2024

Hong Kong stocks tick up in early trading

Hong Kong stocks eked out a small gain at the open Tuesday following a strong rally on Wall Street fuelled by a bounce in recently sold tech giants.

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