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Month: January 2024

Posted on 02/01/2024

Hong Kong Mortgages for Existing Property Slide to Fewest Since 2001

The number of mortgages for Hong Kong real estate fell to a more than two-decade low, a reflection of the city’s severe property downturn.

Posted on 02/01/2024

Fans Celebrate Return of ATP Tour Tournament on Opening Day of Main Draw at Bank of China Hong Kong Tennis Open

The fans turned out en masse to welcome the return of ATP Tour tennis to Hong Kong for the first time in decades at the Bank of China Hong Kong Tennis Open 2024 with opening day tickets to the ...

Posted on 02/01/2024

Hong Kong beat China at football for first time in 29 years

I don’t have to motivate the team against China,’ says manager after 2-1 win in friendly played behind closed doors ...

Posted on 02/01/2024

Hong Kong Dissident’s Tweets, Ties To Trump Officials Cited in National Security Trial

Prosecutors alleged media tycoon Jimmy Lai was the mastermind of a conspiracy to urge Western governments to sanction Chinese and Hong Kong officials. He pleaded not guilty to the charges.

Posted on 02/01/2024

Hong Kong stocks make a dismal start to 2024 after China PMI report hints at sustained economic weakness

There was no respite for Hong Kong stocks on the first day of trading in 2024 following four years of declines, after latest PMI data showed factory activity in the world’s second largest economy ...

Posted on 02/01/2024

Hong Kong home prices to erode another 10% in 2024 as impact of expected interest-rate cuts will take time: Citigroup

It will take time for interest-rate cuts to impact the Hong Kong economy,' analyst says The bank expects the Fed to start cutting interest rates in July and reduce them by 1 per cent this year Hong ...

Posted on 02/01/2024

China and Hong Kong shares suffer a dismal start to 2024

HONG KONG -- China and Hong Kong markets opened lower on their first trading day of 2024, having ended 2023 as two of the year's worst performers and amid lingering concerns over Beijing's crackdown ...

Posted on 02/01/2024

Hong Kong activist publisher Jimmy Lai pleads not guilty to sedition charges

Prominent activist and publisher Jimmy Lai on Tuesday pleaded not guilty to three charges of sedition and collusion with foreign countries in a landmark national security trial in Hong Kong ...

Posted on 02/01/2024

Hong Kong Stocks Start Year With Steep Loss

Hong Kong stocks sank Tuesday on a disappointing return from the New Year break as worries about the Chinese economy trumped hopes for a series of Federal Reserve interest rate cuts in 2024.

Posted on 02/01/2024

Hong Kong’s IPO market to stabilise amid listing reforms and lower interest rates, PwC says

Hong Kong’s listing reforms include easier rules to help connect specialist tech companies with global capital. Fundraising in the city is expected to cross US$12.8 billion this year.

Posted on 02/01/2024

HSBC takes on Revolut, Wise with new forex app for non-customers

A new for app making international payments from HSBC Holdings will directly challenging the dominance of fintechs like Revolut and Wise that have gained tens of millions of retail customers by ...

Posted on 02/01/2024

Hang Seng Bank appoints CE senior adviser

Hong Kong-focused Hang Seng Bank, an HSBC subsidiary, has appointed George Siu Kay Leung to the role of senior adviser in its chief executive’s office, commencing January 1 2024.

Posted on 02/01/2024

Hong Kong tycoon Lai pleads not guilty in landmark security trial

By Jessie Pang HONG KONG (Reuters) -Hong Kong tycoon and pro-democracy advocate Jimmy Lai pleaded not guilty on Tuesday in his landmark trial, where he is accused of endangering China's national ...

Posted on 02/01/2024

Hong Kong media mogul Jimmy Lai enters not guilty plea in landmark national security case

Prosecutor accuses UK citizen Lai of using now-defunct Apple Daily newspaper to ‘pursue political agenda and orchestrate conspiracy’ ...

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