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Month: February 2024

Posted on 19/02/2024

HSBC completes latest round of US$7 billion stock buy-back as market awaits report on bumper 2023 profits

HSBC bought back 208.1 million shares from UK trading venues, 179.9 million shares in Hong Kong under a US$3 billion mandate since November 1 HSBC's annual net profit probably surged 76 per cent in ...

Posted on 19/02/2024

Hong Kong DAB deputies to upcoming two sessions make proposals on enhancing patriotic education, facilitating cross-border travel

Some deputies from the DBA also suggested facilitating improved stock market connection by allowing both Hong Kong and mainland investors to subscribe newly issued stocks. Some suggested enhancing the ...

Posted on 19/02/2024

Swiss, HK banking documents not given to defence, court told

Nur Aida Arifin, 37, said the documents were received from Hong Kong and Switzerland through mutual legal assistance (MLA) to help investigate the 1MDB case faced by the former prime minister.

Posted on 19/02/2024

Hong Kong university student arrested for allegedly conning 2 out of HK$1.6 million

Engineering student, 18, is suspected of scamming elderly woman out of US$59,000 by pretending to be mainland public security officer He also duped a man, 40, out of HK$1.2 million last year through ...

Posted on 19/02/2024

Hong Kong’s love affair with instant noodles, China’s railways and landscapes captured: 5 weekend reads you may have missed

From the railways that traverse China’s varied landscapes to far-right views in Southeast Asia, here are stories you may have missed over the weekend.

Posted on 19/02/2024

Hong Kong team develops AI-equipped trolley to ease strain on workers

Prototype currently being tested by cleaning company, where it is helping staff transport tools for street-cleaning work.

Posted on 19/02/2024

Hong Kong’s luxury homes market shows signs of life as waves of price discounts entice some bottom fishing

Hong Kong’s luxury home segment which has been hit by a wave of deep discounts in the backdrop of soaring interest rates and macroeconomic turbulence, has shown early signs of stability as bottom ...

Posted on 19/02/2024

Tinder for dogs and cats? In Hong Kong, it’s happening: SPCA launches dating-style mobile app for animal adoption

Hong Kong's Society for the Prevention of Cruelty to Animals recently launched its Adoption Date mobile app, a dating-style mobile app for animal adoption Each animal has a profile featuring their ...

Posted on 19/02/2024

Chinese Car Rental Firm eHi Weighing $300 Million US IPO, Sources Say

(Bloomberg) -- eHi Car Services Ltd., a Shanghai-based car rental company, is considering a return to the US capital market with an initial public offering that may raise about $300 million as soon as ...

Posted on 19/02/2024

Hang Seng Research Underlines the Need for Sandwich Generation to Grow Their Retirement Funds

Demand for Generating Stable Passive Income Favoured by Over 80% of Respondents HONG KONG, Feb. 19, 2024 /PRNewswire/ -- Hong Kong's 'Sandwich Generation' – those supporting both elders and children – ...

Posted on 19/02/2024

Hong Kong sees GBA boost to green tech, finance ambitions

Hong Kong is stepping up collaboration with its sister cities in the Greater Bay Area (GBA) to strengthen its position as an international green technology and financial centre.

Posted on 19/02/2024

One of the World’s Most Expensive Luxury Property Markets Is Becoming a Lot Cheaper

China’s economic slowdown is wreaking havoc on Hong Kong’s luxury property market.The most expensive homes in the city are changing hands at steep discounts to what they were worth just a few years ...

Posted on 19/02/2024

Chinese Car Rental Firm eHi Is Said to Weigh $300 Million US IPO

(Bloomberg) -- eHi Car Services Ltd., a Shanghai-based car rental company, is considering a return to the US capital market with an initial public offering that may raise about $300 million as soon as ...

Posted on 19/02/2024

Citi appoints Joy Cheng as Head of Citi Commercial Bank for Hong Kong

The issuer is solely responsible for the content of this announcement.

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