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Month: May 2024

Posted on 31/05/2024

Victor Li: HK Property Mkt Has Rigid Demand; No Worry on Cheung Kong Center II Leasing Situation

He believed that there had always been rigid demand in the Hong Kong property market, with still supported long-term development. The factors affecting the property market after the withdrawal of the ...

Posted on 31/05/2024

US imposes visa restrictions on Chinese, Hong Kong officials, State Dept says

The United States is imposing new visa restrictions on Chinese and Hong Kong officials over guilty verdicts in the National Security Law trial of pro-democracy organizers in Hong Kong, the State ...

Posted on 31/05/2024

HKMA: Mortgage Loans Approved in Apr $29B, Up 52.4% MoM

The Hong Kong Monetary Authority (HKMA) announced the results of the residential mortgage survey for April. The number of mortgage applications increased MoM by 11.7% to 9,629. Mortgage loans approved ...

Posted on 31/05/2024

Hong Kong IPOs: market shows glimmer of revival as three solid debuts in a week raise US$111 million

Investor appetite for new share listings in Hong Kong shows signs of improvement amid a market rebound, with a series of recent IPOs (initial public offerings) registering strong performance - albeit ...

Posted on 31/05/2024

‘China’s London’? Hong Kong’s finance hub status will be cemented by mainland’s economic development, summit told

Hong Kong's status as an international financial centre will be reinforced by yuan internationalisation and China's economic transformations, according to top finance officials and industry players.

Posted on 31/05/2024

Hong Kong Officials to Fully Promote Digital Assets, Web3, and More

Hong Kong government has expressed its commitment to advancing financial innovation, highlighting several key areas of focus, including Web3.

Posted on 31/05/2024

What next for Hong Kong’s pro-democracy movement?

Bickett thinks this means that Hong Kong's pro-democracy civil society "has been destroyed." "We will start seeing Beijing eventually going after people who are nominally in the pro-Beijing camp but ...

Posted on 31/05/2024

Hong Kong April retail sales tumble 14.7% amid changing consumption pattern

Hong Kong's April retail sales fell 14.7% from a year earlier, partly due to a drop in visitor spending and a surge in outbound trips during the Easter holidays, government data showed on Friday.Sales ...

Posted on 31/05/2024

CNOOC powers Hong Kong’s sustainable future

From building the Y13-1 pipeline to introducing LNG and developing deepwater gas fields, CNOOC has reliably supplied energy to support Hong Kong’s sustainable growth ...

Posted on 31/05/2024

Life insurance sales in Hong Kong surged in first quarter thanks to world record policy, soaring demand from mainland visitors

“As Hong Kong continued its economic growth and welcomed a growing number of visitors in the first quarter, we are delighted to report strong business growth during the period,” said Patrick Graham, CEO of Manulife Hong Kong and Macau. He also credited ...

Posted on 31/05/2024

Hong Kong developer Chinachem names former Link Reit executive as next CEO as Donald Choi sets retirement

Andy Cheung has been an independent non-executive director since 2022 and before that was an executive with Link Reit Choi, who will step down on September 1, describes 'transformation' of Chinachem ...

Posted on 31/05/2024

Hong Kong proves ideal base in Asia as Rainbow Genomics expands globally accredited medical services

City will further develop health tech sectors and offers support of government department InvestHK, as firm seeks to provide preventive healthcare using genomics and proteomics in more Asian markets.

Posted on 31/05/2024

A Hong Kong Trial Tests China’s Tightening Grip

The reputation of the city’s independent judiciary is under pressure in a case that’s shining a spotlight on the erosion of freedoms.

Posted on 31/05/2024

Hong Kong stocks on track for fourth straight month of gains as weak China PMI spurs policy easing hopes

Tencent Holdings gained 2.8 per cent to HK$377.80 and Hong Kong Exchanges and Clearing added 2.2 per cent to HK$269.20. Autostreets Development, which operate a trading platform for second-hand cars, ...

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