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Month: February 2024

Posted on 07/02/2024

Hong Kong stocks extend gains spurred by China’s policy support and state buying; Haidilao surges ahead of Lunar New Year

Hong Kong stocks rose for a second day as investors cheered measures taken by the Chinese government as authorities worried the US$5 trillion sell-off posed a risk to the country’s financial and ...

Posted on 07/02/2024

Diplomats and overseas business chambers in Hong Kong ‘worried’ about effects of planned city national security law, insiders say

Concern over risks to investment and potential enforcement standards that could affect foreign nationals under home-grown national security law International Chamber of Commerce members fear greater ...

Posted on 07/02/2024

Anger Over Messi’s ‘Mess’ in Hong Kong Spreads to China, Taking a Geopolitical Turn

Many commentators drew contrasts between Messi’s disappointing behavior in Hong Kong and his upbeat demeanor in Japan.

Posted on 07/02/2024

Inside Inter Miami: Messi’s words after Hong Kong debacle, status as global tour ends

We look at the setbacks on and off the field of Inter Miami’s preseason global tour as it nears its conclusion.

Posted on 07/02/2024

Hong Kong’s commercial developers must step up to charge up as city’s growing EV fleet leaves a shortfall in charging stations, CBRE says

Commercial premises will need to step up and cover a huge predicted deficit of EV charging stations, the property consultancy says in a report Meanwhile the recycling and storage of EV batteries may ...

Posted on 07/02/2024

Hong Kong, Singapore prime property prices to see big declines as high rates weigh on sentiment: Savills

Of the 30 cities monitored in the Savills World Prime Residential Index, 17 will see price declines, with Hong Kong projected to see the highest drop of up to 10 per cent and as much as 3.9 per cent ...

Posted on 07/02/2024

Asian markets track Wall St higher as Hong Kong extends rally

Hong Kong and Shanghai stocks extended their rally Wednesday on ... The surge on Tuesday came after a unit that controls government stakes in big financial institutions said it would ramp up ...

Posted on 07/02/2024

Hong Kong can raise debt-to-GDP ratio to fund major projects, despite risk of structural deficit, top economist says

Liu Pak-wai, an economics professor and former government adviser, says city's 6 per cent debt-to-GDP ratio could easily go up to 10 per cent without problems But he warns cash would need to go to ...

Posted on 07/02/2024

Continued Recovery Predicted For Hong Kong Shares

The Hong Kong stock market on Tuesday ended the two-day slide in which it had fallen more than 50 points or 0.5 percent. The Hang ...

Posted on 07/02/2024

Hong Kong Finance Worker Falls Prey To Deepfake Video Call, Loses $25 Million After Interaction With ‘CFO’

(MENAFN- Live Mint) "A Hong Kong-based finance employee has been duped of $25 million after after falling prey to a deepfake scam. The worker – affiliated with a multinational company – was persuaded ...

Posted on 07/02/2024

Hackers Steal $25 Million by Deepfaking Finance Boss

Deepfake Scam A multinational company was scammed out of $25.6 million by hackers who fooled employees at the company's Hong Kong branch into believing their digital recreation of its chief financial ...

Posted on 07/02/2024

Hong Kong: Businesses weigh in on consultation of new “Article 23” national security legislation

The Hong Kong General Chamber of Commerce, the Chinese Manufacturers’ Association of Hong Kong, the Federation of Hong Kong Industries and the Chinese General Chamber of Commerce said implementing ...

Posted on 07/02/2024

Lionel Messi expresses regret over not being able to play in Hong Kong

Argentine soccer star Lionel Messi expressed regret Tuesday over not being able to play in a friendly match in Hong Kong.

Posted on 07/02/2024

Hong Kong stocks jump, China’s CSI 1000 logs historic rally amid market intervention as regulator pledges to stem rout

Hong Kong stocks jumped by the most since July while onshore equities logged a historic gain. Market regulator in Beijing pledged fresh measures to stop the rot, and the sovereign wealth fund made its ...

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