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Month: April 2024

Posted on 24/04/2024

Apec Business Advisory Council meeting: Hong Kong teeming with wealth-creation opportunities despite headwinds

Hong Kong offers plenty of wealth management and stock market opportunities despite headwinds and uncertain economic outlook in China, according to speakers at the Apec Business Advisory Council ...

Posted on 24/04/2024

Hong Kong’s Peak Tram service suspended for third straight day due to fallen trees near tracks

Government effort ‘remains in progress’ after several trees fell near the Barker Road station on Sunday, tram company says.

Posted on 24/04/2024

Interview: Hong Kong embraces niche in global green growth, says CLP Group chief

A mature capital market and an open institutional environment combined have offered a platform for Hong Kong's exchanges with major international markets in the green economy, Betty Yuen, non-executive director of CLP Holdings Limited and chairwoman of CLP Power Hong Kong Limited, told Xinhua in a recent interview.

Posted on 24/04/2024

Hong Kong’s economy grew between 2.5% and 3.5% in first quarter, Paul Chan says

Finance chief says property and stock markets still under pressure amid geopolitical tensions, urges investment in green development and digital economy to drive growth 'Economic growth in first ...

Posted on 24/04/2024

Hong Kong slams latest British government report on city, saying London is putting politics above the rule of law

The Hong Kong government strongly condemned British “slander and smears” and interference in local affairs after London on Monday sought to reassure Hongkongers in the UK they were “safe ...

Posted on 24/04/2024

Chinese bubble-tea maker Chabaidao sinks 27% on Hong Kong debut as investors offload shares in biggest IPO of the year

Chabaidao’s stock ended the day 27 per cent lower after slumping as much as 38 per cent. It raised about HK$2.6 billion (US$331.7 million) from the sale of 147.8 million shares at HK$17.50 each.

Posted on 24/04/2024

Hong Kong stocks surge by most in 3 weeks as Chinese market regulators’ promise of support lifts sentiment

Hong Kong stocks climbed most in three weeks as investors ramped up their buying on expectations that a slew of supportive measures from the Chinese securities watchdog will aid sentiment.

Posted on 24/04/2024

How to score the best office rental deals in Hong Kong

The key to securing the best office rental deal in Hong Kong begins with thorough research. Utilize online platforms, real estate agencies, and networking connections to gather information on ...

Posted on 24/04/2024

Bubble Tea IPO Drains Dregs of Optimism From Hong Kong

Hi, it’s Pei Li in Hong Kong, where a Chinese bubble tea maker just made its much-anticipated trading debut—and it wasn’t sweet. Also today, Boeing’s Spirit AeroSystems bid hits a snag and drone ...

Posted on 23/04/2024

China Market Update: Strategist Upgrades Maintain Hong Kong’s Rise

Hong Kong’s most heavily traded stocks by value were Tencent, which gained +3.75% after purchasing another 3 million shares, Meituan, which gained +7.95% after purchasing 4 million shares, Alibaba, ...

Posted on 23/04/2024

Come to Hong Kong, we have ‘good conditions and advantages’ for hydrogen development, Towngas executive says

Hong Kong has the potential to become an international innovation hub for hydrogen technologies, says Towngas’s Don Cheng.

Posted on 23/04/2024

Is the tea bubble bursting? ChaPanda shares plunge in Hong Kong IPO

Shares in Chinese bubble tea chain Sichuan Baicha Baidao failed to pop during their market debut Tuesday, tumbling as much as 38% from their listing price.

Posted on 23/04/2024

Hong Kong has achieved ‘soft landing’ with Article 23 law, top adviser says

Regina Ip, convenor of government’s key decision-making Executive Council, says current situation is ‘inflection point’ for city.

Posted on 23/04/2024

Hong Kong’s bubble tea IPO flop is a sign of the market times

The bursting of Chabaidao’s bubble will now set the tone for the Hong Kong IPO market in the coming months. During a time of high competition for scarce funds, heading to market ahead of its rivals ...

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