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Month: June 2024

Posted on 26/06/2024

Hong Kong helps relieve yuan pressures as mainland China grapples with capital outflows

With yuan capital outflows at their highest in years, transfers from Hong Kong to mainland China appear to have done much to keep the currency from depreciating at much higher rates.

Posted on 26/06/2024

Hongkongers prioritise financial stability and seek equal growth opportunities: Randstad

"Attractive salary and benefits" has dethroned "good work-life balance" as the top employer value proposition (EVP) driver Hongkongers look for in ideal employers.

Posted on 26/06/2024

McKinsey, Parkin See Paths to Build on Improved Safety

Presenters at the Welfare and Safety of the Racehorse Summit June 25 in Lexington express optimism that North American racing could follow its already significant strides in improving equine safety ...

Posted on 26/06/2024

The ‘McKinsey’ of Law Firms in Asia. What’s in a Name?

There isn’t a single international law firm that is recognized worldwide for its prowess and gravitas. Law firm coverage around the globe is spotty at best, writes Asia Editor Jessica Seah. But does ...

Posted on 26/06/2024

Welfare Summit: McKinsey Report Provides ‘How To’ Guide To Further Lower Fatalities

Several stunning numbers were revealed by The Jockey Club during the morning session of Tuesday’s Welfare and Safety of the Racehorse Summit in Lexington, Ky., stemming from a McKinsey & Co. report ...

Posted on 26/06/2024

Hongkong Land to put US$400 million into 3-year Landmark upgrade to showcase luxury brands

Luxury retailers like Cartier, Channel, Dior and Louis Vuitton will invest another US$600 million creating unique new spaces, developer says.

Posted on 26/06/2024

China’s ‘too small’ property rescue leaves market wanting more

HONG KONG -- China's latest attempt to rescue its property market by buying up unsold homes and cutting mortgage rates has yet to revive confidence, while a slew of developers continue to grapple with ...

Posted on 26/06/2024

This Southeast Asian city is the world’s most expensive for the super rich — Hong Kong comes second

Sky-high property prices, exorbitant car ownership costs and expensive private medical care, among other factors, have kept Singapore the most expensive city for the super rich in 2024. Hong Kong, ...

Posted on 26/06/2024

Hozon files Hong Kong IPO to raise funds for its global growth, skirt China’s discount war

Hozon New Energy Automobile, the start-up behind the Neta brand of electric vehicles (EVs), has applied to raise capital in Hong Kong, joining BYD, Xpeng and Li Auto in using the world’s ...

Posted on 26/06/2024

Hong Kong grants Shimao a 4-week reprieve to work out debts, avert developer’s liquidation

Embattled Chinese developer Shimao Group Holdings has been given a four-week reprieve by a Hong Kong court giving it more time to secure lenders’ approval for its debt restructuring proposal, as the city sees a rise in the number of creditor-led ...

Posted on 26/06/2024

MasterChef Australia Fans Notice Weird Detail In Hong Kong Week: ‘Is This Normal?’

The MasterChef Australia contestants have been struggling with the weather in Hong Kong. (Image: 10) A confused viewer asked Redditors when the show was filmed, saying that in HK it’s currently “30C+ at night”, yet the contestants were rugged up for extremely cold weather.

Posted on 26/06/2024

China’s Dida prices Hong Kong IPO shares at HK$6, sources say

China ride-sharing app operator Dida has priced its shares at HK$6 each to raise US$30 million in its Hong Kong initial public offering, two people with direct knowledge of the matter said on ...

Posted on 26/06/2024

5 of I.M. Pei’s most iconic buildings: meet the Chinese-American architect celebrated at Hong Kong’s M+

Life Is Architecture' spotlights influential projects including modernising the Louvre in Paris and Doha's Museum of Islamic Art The first major retrospective of Chinese-born American architect Ieoh ...

Posted on 26/06/2024

Hong Kong a unique proving ground for DeFi, metaverse, HKIMR studies show

business-friendly environment, robust financial infrastructure and network, and highly skilled talent. The emerging DeFi and metaverse technologies “will likely present various opportunities for the ...

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