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Month: April 2024

Posted on 24/04/2024

Fraudsters offer to pay big for second-hand clothing in latest ruse to scam Hong Kong residents out of money

Criminals create deceptive webpages advertising lucrative offers for doorstep collection of used clothing, but to make booking, residents must install malicious app that gathers personal data, police ...

Posted on 24/04/2024

Brokerage Haitong removes long-term Hong Kong unit chief Lin, appoints new head

Chinese brokerage Haitong Securities removed Lin Yong from chief executive of its Hong Kong-based offshore unit, according to an internal memo and a company source with knowledge of the matter.

Posted on 24/04/2024

Hong Kong investment bankers risk losing jobs as banks cut costs: report

An estimated 200 Hong Kong bankers reportedly lost their jobs in the past year, Bloomberg Intelligence senior analyst Francis Chan wrote in a report. ALSO READ: China investment banks report dismal ...

Posted on 24/04/2024

Past winner of Hong Kong tech competition deploys seafaring bots to tackle ocean pollution

The co-founder of Hong Kong-based marine tech start-up Clearbot, a past winner, says City I&T Grand Challenge funding enabled it to scale up.

Posted on 24/04/2024

Hong Kong bourse operator’s Q1 profit down 13% on weaker listings, trading

Hong Kong's bourse operator on Wednesday reported a narrower than expected 13% drop in first-quarter profit, as sluggish trading and muted listing activities weighed on its businesses.

Posted on 24/04/2024

Hong Kong stocks driven to two-week highs on earnings optimism as Ping An and HKEX advance

Ping An Insurance reported growth in its new-business values, a gauge of future profitability, which beat estimates in the first quarter Goldman Sachs and UBS have upgraded their assessment of Chinese ...

Posted on 24/04/2024

Hong Kong stock exchange operator HKEX sees profit slip 13 per cent as lower turnover, fewer listings weigh

Net profit for the January-to-March period came in at HK$2.97 billion (US$380 million), or HK$2.35 per share, which was better than a consensus estimate for a 14 per cent decline to HK$2.79 billion.

Posted on 24/04/2024

Hong Kong Stocks: Li Ning Shares Gain on Mixed Q1 Update

In major news on Hong Kong stocks, Li Ning Co. Limited (HK:2331) shares gained 5.71% on Tuesday, after the company released its Q1 update for ...

Posted on 24/04/2024

Indian authorities launch spices probe after Hong Kong, Singapore pull products from shelves over cancer-causing pesticide

Centre for Food Safety this month ordered four pre-packaged spice mix products from India to be recalled after it found the pesticide ethylene oxide in samples.

Posted on 24/04/2024

Private Credit Is Disrupting Hong Kong Bankers’ Cozy Lives

Does the city really need 197,800 financiers when deep-pocketed private credit is marching in and cutting out the intermediaries?

Posted on 24/04/2024

Hong Kong to encourage use of pre-made housing with more private sector incentives

Development minister Bernadette Linn says ‘modular integrated construction’ method may help to offset predicted manpower shortfall for building sector.

Posted on 24/04/2024

Hong Kong accounting industry grows as ESG, Greater Bay Area opportunities draw young professionals: HKICPA president

ESG reporting and the Greater Bay Area offer opportunities for young accountants, and the IPO market is set to recover, new HKICPA president Roy Leung says.

Posted on 24/04/2024

Hong Kong’s IPO of the year looks like it might be a bit of a bubble tea

Hong Kong's having an IPO crisis and the Tuesday failure of a mainland beverage giant's long-awaited listing has only made ... Read More The post Hong Kong’s IPO of the year looks like it might be a ...

Posted on 24/04/2024

Hong Kong’s John Lee shrugs off criticism over single-use plastics ban, says ‘market forces’ will lead to better utensils

John Lee says administration’s main concerns are steady supply of alternative products and affordability for consumers.

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