"Hong Kong remains to be one of the world's most open and competitive economies and continues to gain trust from foreign companies," Algernon Yau, secretary for commerce and economic development of ...
Chinese auto chip designer Black Sesame to raise up to US$143 million in Hong Kong IPO
Black Sesame’s listing initiative in Hong Kong would follow the successful initial public offering in June of Tencent Holdings-backed QuantumPharm.
HANG SENG BANK: Whether NPL Ratio Tops Out Depends on Various Factors; 2024 ECL Expected to Fall YoY
Diana Cesar, CEO of HANG SENG BANK (00011.HK), said in a press conference for the interim results that HANG SENG BANK's non-performing loan (NPL) ratio increased by 2.49 ppts to 5.32% due to the ...
Hong Kong’s so-called upside-down home loans steady, but could rise if prices fall further
The number of mortgage holders with negative equity fell 5.5 per cent to 30,288 at the end of June, from 32,073 at the end of March, according to HKMA data.
Hong Kong hits back at Italy’s protest against fencer Cheung’s win with posts on pineapple pizza
Hong Kong fencer Cheung Ka-long’s victory over Italy’s Filippo Macchi at the Paris Olympics has sparked an exchange of insults on social media, with Cheung’s supporters celebrating his win with posts about pineapple pizzas—widely considered a culinary blunder in Italian cooking.
Hong Kong mansion sells at 60% of broker’s estimate
The property is a two-storey detached house with a site area of about 912sq m. The house was put on sale by Jones Lang LaSalle Inc and Savills Plc, who had been appointed by receivers Acclime ...
Hong Kong stocks rebound after soft PMI data triggers stimulus hopes
Soft PMI readings point to risks of a further economic slowdown, giving Beijing more reasons to strengthen countercyclical measures, Nomura said.
HSBC rises 3% in Hong Kong after profit beat, share buyback announcement
Europe's largest lender HSBC posted a narrow decline in pretax profit in the first half of the year, but beat expectations on the back of a high-interest rate environment. The bank outlined its ...
HSBC announces $3bn share buyback and names interim finance chief
HSBC announced a $3bn share buyback on Wednesday and said its financial controller Jon Bingham had been appointed interim chief financial officer, as profits rose in the second quarter. Reported ...
HSBC records $21.6 billion pre-tax profit in first half 2024
Banking giant HSBC said Wednesday that pre-tax profits in the first half of 2024 came in at $21.6 billion, slightly lower than last year's record performance.
HSBC announces $3bn share buyback alongside slight half-year profit drop
HONG KONG -- HSBC Holdings on Wednesday announced a new share buyback program worth up to $3 billion as it disclosed a slight drop in its pretax profit for the first six months.
{Hot Stocks}HANG SENG BANK quoted at HK$98.35, down 3.3%
[ET Net News Agency, 31 July 2024] HANG SENG BANK (00011) fell 3.3% to HK$98.35, dipping below the 100-D SMA of HK$99.779. It hits an intra-day low of HK$98.2, and an intra-day high of HK$104. The ...
It’s a great time to buy a Hong Kong mansion from the cash-strapped elite
Some upscale properties sold in the first half of the year for up to 50% off 2018's peak prices, per Savills' research.
Paris Olympics: Hong Kong athletes’ feats make case for better funding in future, say fans
But it’s not just about the winners, say the winners of a ballot to watch the Games, but also those who gave everything but do not win.