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Month: June 2024

Posted on 06/06/2024

Billionaire Richard Li’s FWD Group revives Hong Kong IPO plan, sources say

Billionaire Richard Li has revived plans to list pan-Asian insurer FWD Group in Hong Kong, said three people with direct knowledge of the matter, after regulatory delay and market volatility scuppered ...

Posted on 06/06/2024

Hong Kong Shares Tipped To Bounce Higher Again On Thursday

(RTTNews) - The Hong Kong stock market on Wednesday snapped the two-day winning streak in which it had collected more than 360 points or 2 percent. The Hang Seng Index now sits just beneath the 18,425 ...

Posted on 06/06/2024

Hong Kong penalties for illicit cigarettes to go up, anti-forgery features to be used

Source says labelling requirement for duty-paid cigarettes will help law enforcement officials to spot contraband.

Posted on 06/06/2024

Crypto exchanges sticking it out in Hong Kong see value in regulator’s ‘safety first’ approach

Despite recent withdrawals, recently ‘deemed to be licensed’ exchanges spur some optimism about the future of Hong Kong’s virtual asset market.

Posted on 06/06/2024

UBS: Investors Positive About HK IPOs; Financing Mkt Hoped to Improve in 2H24

UBS noted that while the number of Hong Kong IPOs since the beginning of the year has been small and the performance has been relatively negative, investors including sovereign fun... UBS noted that ...

Posted on 06/06/2024

Hong Kong ditches paper certificates; IPOS scam warning; Brazil hosts GI event – IP office updates

In this update, we look at the Slovenian and Portuguese IP offices partnering up, the IP Office of Singapore launching a podcast series, and much more. Register for free to receive our newsletter, ...

Posted on 06/06/2024

Hong Kong government hits back after economist Stephen Roach delivers advice for city

Ex-investment banker Stephen Roach says city must uphold constructive criticism, while billionaire Mark Mobius says Hong Kong far from over The Hong Kong government has slammed arguments made by an ...

Posted on 06/06/2024

Hong Kong Tells Residents to ‘Smile More’ to Revive Tourism

H ong Kong, the Chinese enclave that’s still struggling to revive its tourism economy post-pandemic and in the wake of a Beijing-influenced crackdown on civil liberties, has taken a new approach to ...

Posted on 06/06/2024

Hong Kong lawmakers, experts warn of risks of medicalising mental health issues, call for more support after schools send 168 pupils to psychiatrists

Total of 168 students with mental distress referred to public psychiatry clinics through government suicide prevention mechanism as of March.

Posted on 05/06/2024

Actress Charmaine Sheh turns to mother, friends for financial aid after stock investment losses

Hong Kong actress Charmaine Sheh disclosed that she had to borrow money from her mother and friends to cover debts incurred from unsuccessful stock investments.

Posted on 05/06/2024

HK$19 billion in loans approved since 2020 to help Hong Kong’s retail SMEs hit by pandemic

Commerce minister says over 6,000 companies with 53,000 employees have benefited from loan guarantee scheme started in April 2020.

Posted on 05/06/2024

Former Asia head of global investment bank says Hong Kong has to underline it is not just another Chinese city and ‘speak truth to power’

Stephen Roach, former chairman of Morgan Stanley Asia, says city has to uphold its traditions of constructive criticism and debate to prosper.

Posted on 05/06/2024

Hong Kong’s de facto central bank mulls making green rules mandatory for banking sector

The Hong Kong Monetary Authority is considering making its green taxonomy framework mandatory for the banking sector to support the development of sustainable financing in the city.

Posted on 05/06/2024

Hong Kong Tells Residents to ‘Smile More’ as Government Tries to Revive Declining Tourism

Hong Kong, the Chinese enclave that’s still struggling to revive its tourism economy post-pandemic and in the wake of a Beijing-influenced crackdown on civil liberties, has taken a new approach to wooing visitors: curbing its residents’ reputation for rudeness.

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