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Month: June 2024

Posted on 25/06/2024

Hong Kong Disneyland Cuts Losses, Repays Loan to Disney

With the last effects of pandemic-era restrictions still lingering, Hong Kong Disneyland enjoyed a surge in revenues and was able to cut its losses.

Posted on 25/06/2024

Half of HK’s financial firms use virtual assets: HKMA

The Hong Kong Institute for Monetary and Financial Research (HKIMR) -- an affiliate of the Monetary Authority -- surveyed 59 entities, including those from the banking, insurance and asset management ...

Posted on 25/06/2024

Singapore pips Hong Kong as world’s most expensive city to live ‘extremely well’

Hong Kong climbs one place to rank second in the world in Swiss bank Julius Baer’s study of the cost of living for high-net-worth individuals.

Posted on 25/06/2024

Hong Kong leader John Lee to ‘fully pursue’ economic growth, progress on livelihood issues

John Lee will travel to Guangzhou to discuss collaboration on range of issues, says constitutional reform not a priority Hong Kong authorities will focus on the economy and livelihood issues in the ...

Posted on 25/06/2024

Top Dividend Stocks In Hong Kong For June 2024

As global markets navigate through mixed economic signals, Hong Kong's market shows resilience, marked by a modest uptick in the Hang Seng Index and robust retail sales growth. In such an environment, ...

Posted on 25/06/2024

HSBC Leads $250 Million Loan to Fintech Startup FundPark

Hong Kong fintech company FundPark has obtained a three-year $250 million private loan with HSBC Holdings Plc as a senior facility provider, the second such investment the firm has secured this year.

Posted on 25/06/2024

Hong Kong court edges closer to sentencing democracy activists involved in unofficial primary

A Hong Kong court began mitigation hearings for prominent pro-democracy activists who were convicted under a national security law and now face up to life in prison. The activists were among 47 ...

Posted on 25/06/2024

Landmark trial for 47 Hong Kong democrats enters final stretch before sentencing

By Jessie Pang and James Pomfret HONG KONG (Reuters) -Mitigation pleas for Hong Kong's biggest ever national security trial against the city's democratic opposition kicked off on Tuesday, in what is ...

Posted on 25/06/2024

Beijing’s Support to Boost Hong Kong IPOs in Second Half of Year

After a dismal start, initial public offering activity in Hong Kong looks poised for a better second half as Beijing steps up support for the financial hub.

Posted on 25/06/2024

Hong Kong’s American Club scraps HK$1.5 million ultimatum to non-US members after backlash

Hong Kong’s exclusive American Club has backed down over its controversial policy change that requires non-US members to pay as much as HK$1.5 million (US$190,100) to retain their memberships or leave ...

Posted on 25/06/2024

Hong Kong’s John Lee demands thorough probe into airport flight display system failure

Hong Kong’s leader has demanded a comprehensive investigation into a recent flight information display system failure at the airport, saying the chaos “must not happen again”. Chief Executive John Lee ...

Posted on 25/06/2024

Shanghai Henlius Biotech shares soar in Hong Kong after Fosun’s US$690 million buyout offer

Henlius joins a wave of companies that have left Hong Kong’s stock market this year, either through privatisation or voluntary delisting having found themselves undervalued.

Posted on 25/06/2024

Banned protest song ‘Glory to Hong Kong’ reappears on YouTube, 2 music streaming platforms

The controversial protest song banned by the Hong Kong government has reappeared on YouTube and two music streaming platforms, following pressure from US lawmakers to lift restrictions. Dgxmusic, the ...

Posted on 25/06/2024

Clipper Stad Amsterdam Hong Kong 2024: Registration, dates, open hours, and more

The magnificent Dutch sailing ship will be docking in Hong Kong soon, with guided tours running from June 28 to July 2 – just in time for the July 1 long weekend. The Clipper Stad Amsterdam will be ...

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