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Month: February 2024

Posted on 27/02/2024

Hong Kong under pressure to ease property curbs, plug deficit in budget

Hong Kong unveils its annual budget on Wednesday at a time when it faces mounting fiscal deficits and economic headwinds including a struggling Chinese economy, with markets expecting authorities to ...

Posted on 27/02/2024

China’s Zhida weighing HK$1 billion Hong Kong IPO this year

SHANGHAI Zhida Technology Development, a maker of electric-vehicle (EV) charging systems, is considering an initial public offering (IPO) in Hong Kong that could raise about HK$1 billion (S$172 ...

Posted on 27/02/2024

International Women’s Day: Hong Kong-listed firms see notable rise of gender diversity on boards but advocates say more can be done

Hong Kong-listed firms have seen a notable rise of female representation on boards driven by regulation, but they still lag regional peers when it comes to women in key executive roles, according to ...

Posted on 27/02/2024

‘Hong Kong is over’? American economist defends article intended as ‘wake-up call’ over ‘growing undercurrent of angst’

Economist Stephen Roach says title of original newspaper commentary - 'It pains me to say Hong Kong is over' - overstated his views In fresh opinion piece in the Post, Roach poses more open-ended ...

Posted on 27/02/2024

Hong Kong Green Week: banks urged to rethink and review funding criteria for energy transition projects

Banks are trying to develop new metrics to help them assess the feasibility of energy transition projects that utilise new technologies, Citi's Aveline San says Asia requires at least US$1.1 trillion ...

Posted on 27/02/2024

Zhida, a Chinese maker of EV charging systems, is weighing US$128 million Hong Kong IPO this year, source says

Shanghai Zhida Technology Development, which makes electric-vehicle charging systems, is working with Shenwan Hongyuan on an IPO, source says. Its systems are used by 70 car brands in China.

Posted on 27/02/2024

Rare Hong Kong protest sounds alarm on new security law

Hong Kong activists on Tuesday staged a rare public protest against government plans for a new national security law, saying it lacked democratic oversight and human rights safeguards. Public ...

Posted on 27/02/2024

China Says Hong Kong’s ‘One Country, Two Systems’ Is Permanent, SCMP Reports

China’s top official in charge of Hong Kong said the city’s governing principle of “one country, two systems” will be kept as a “permanent feature,” South China Morning Post reported.

Posted on 27/02/2024

‘Hong Kong is over’? Economist Stephen Roach defends article intended as ‘wake-up call’ over ‘growing undercurrent of angst’

In fresh opinion piece, Stephen Roach says title of original commentary stating 'Hong Kong is over' was overstatement, but says doubts still exist over future of city Chinese state media Xinhua weighs ...

Posted on 27/02/2024

China’s Zhida Weighing HK$1 Billion Hong Kong IPO This Year, Sources Say

Shanghai Zhida Technology Development Co., a maker of electric-vehicle charging systems, is considering an initial public offering in Hong Kong that could raise about HK$1 billion ($128 million), ...

Posted on 27/02/2024

Li Ka-shing retains top spot on Forbes list of Hong Kong’s richest

Business magnate Li Ka-shing keeps his crown as the wealthiest person in the city according to the Forbes list of Hong Kong’s 50 richest in 2024. Despite a city-wide decline in net worth, thanks to ...

Posted on 27/02/2024

HSBC HOLDINGS Buys back ~5.45M Shrs for HKD323M Ytd

HSBC HOLDINGS (00005.HK) announced that it repurchased a total of 5.4499 million shares of the company yesterday (26th) in the UK and Hong Kong markets for a total of HKD323 millio... HSBC HOLDINGS ...

Posted on 27/02/2024

Hong Kong Budget Expected to Ease Property Curbs, Boost Tourism

Hong Kong Financial Secretary Paul Chan will look this week to cement the city’s tentative economic recovery and burnish its image as a global financial center while reining in the fiscal deficit.

Posted on 27/02/2024

Hong Kong prepares sweeping rules to foil stealthy crypto purchases

DOTTED across Hong Kong are small shops that convert between cash and crypto with few questions asked, a modern-day echo of the city’s freewheeling past. Soon, many may shut under a looming crackdown.

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