The approach is similar to the Troubled Asset Relief Program, or TARP, that the United States government established in 2008 to buy troubled assets after the collapse of the American housing market, ...
Xpeng Expands Sales Push With $38,400 Electric SUV for Hong Kong
Chinese electric vehicle maker Xpeng Inc. is bringing a sports utility vehicle and minivan to Hong Kong as it ramps up a global expansion to boost sales.
Senior Hong Kong police officer jailed for 6½ years over HK$26 million mortgage fraud
Judge opts to reduce Superintendent Harbour Chan’s starting sentence by six months to reflect his ‘contribution to society’.
China to let local governments buy homes, cut mortgage rates to revive property sector
China will allow local government authorities to buy some homes at "reasonable" prices to provide affordable housing, Vice Premier He Lifeng told an online meeting on housing policy on Friday, the ...
Hong Kong expects tourism to drive further economic growth this year, as GDP rises 2.7% in first quarter
Following Xia’s comments, Beijing announced the next day it would allow solo travellers from eight more mainland cities to visit Hong Kong. Financial Secretary Paul Chan Mo-po said in his weekly blog ...
Hong Kong Officially Launches Digital Yuan Payments Pilot
Hong Kong launched a pilot program enabling digital yuan payments through major Chinese banks, the first example of China’s currency project being deployed beyond the mainland.
Top HSBC shareholder Ping An will retain investment in bank, source says, amid sale talk
Ping An Asset Management, HSBC Holdings PLC's largest shareholder, will continue to hold its investment in the Asia-focussed lender, a source close to the Chinese fund manager said on Friday, after ...
Lawyers for Hong Kong media mogul Jimmy Lai suggest police ‘coached’ key prosecution witness before testimony
Lawyers for Hong Kong media tycoon Jimmy Lai Chee-ying have suggested police “coached” a key prosecution witness before his testimony in the mogul’s national security trial. West Kowloon Court heard the claim on Friday as defence counsel sought ...
Chimbusco Pan Nation Sells B24-HSFO Biofuel Blend in Hong Kong
Marine fuel supplier Chimbusco Pan Nation Petro-Chemical Co has sold a B24-HSFO biofuel blend in Hong Kong for the first time. The firm delivered more than 4,300 mt of the blend to the boxship COSCO Netherlands in Hong Kong on May 13, the company said in a LinkedIn post on Thursday.
Hong Kong stocks head for fourth straight week of gains driven by Baidu, JD.com results, policy support hopes after China data
Hong Kong stocks were lifted by signs corporate earnings may have bottomed out, and hopes of policy support after patchy economic data.
Country Garden’s Hong Kong liquidation hearing adjourned
A Hong Kong court adjourned to June 11 a hearing of a petition on Friday seeking liquidation of Country Garden , providing a breather to the embattled Chinese developer amid Beijing's efforts to ...
HSBC falls 3% amid reports that top shareholder Ping An is looking to trim its stake
Ping An last year had supported a shareholder motion to spin off HSBC’s Asia business and establish fixed dividends. The motion was eventually defeated.
Chinese property developer Country Garden’s Hong Kong liquidation hearing adjourned
A Hong Kong court adjourned to Jun 11 a hearing of a petition on Friday (May 17) seeking liquidation of Country Garden, providing a breather to the embattled Chinese developer amid B ...
Sustained Hong Kong bull market first step in proving doubters wrong again
Rebound of Hang Seng Index may have confounded the doom mongers, but Hong Kong also needs to attract liquidity and reclaim a top position for IPOs.