Hong Kong airport has staged a strong post-pandemic recovery, bouncing back to a net profit of HK$1.61 billion in 2023-24 after three straight years of losses, with its management reviewing its debt ...
PwC names new China head amid regulatory scrutiny
PricewaterhouseCoopers (PwC) has named in-house executive Daniel Li as its new China head, a move that comes as it faces investigations by financial regulators in mainland China and Hong Kong. PwC ...
Hong Kong: Social workers targeted, a new ‘danger’ to national security
Hong Kong’s welfare secretary called for the depoliticisation of the sector after so many social workers backed the 2019 demonstrations. The most vulnerable will pay for this in a society where the ...
Hong Kong retailers need to change their ways to stop sales slide, industry experts say
Retail sales in Hong Kong have slumped by double-digit figures for two months in a row as consumers change the way they shop.
Detailed plans ‘not needed’ from companies keen on Hong Kong tech hub: government
Companies wanting to set up shop in Hong Kong’s proposed innovation hub near the border with mainland China will not be asked to submit detailed design plans to the Town Planning Board for approval, ...
Hong Kong Stocks: Alibaba Boosts Stock Buyback Amid Selloff; Shares Gain
Among the key news on Hong Kong stocks, Alibaba Group Holding Limited (HK:9988) completed a share buyback of $5.8 billion in the first quarter ...
‘Race to the bottom’: Hong Kong home prices slump to multi-year lows as deal volume slides
Recent launches have sold poorly despite decade-low prices, while prices of lived-in flats hit a nearly eight-year low, according to JLL Hong Kong's lacklustre home sales are weighing on prices, with ...
Sun Life, Hang Seng expand services for rich clients, tout Hong Kong’s family office push
Sun Life has teamed up with medical services operators to capture high-net-worth customers in the Greater Bay Area, while Hang Seng Bank added new features for its Prestige customers.
Hong Kong police arrest 301 in crackdown on fraudsters with HK$370 million stolen in scams
Hong Kong police have rounded up 301 people in a 17-day crackdown on fraud syndicates accused of using internet and phone scams to cheat local residents out of HK$370 million (US$47.4 million). Senior ...
Hong Kong Home Prices Weakened Again in Q2 as Interest Rate Cuts to Come Later Than Market Expectations
reflecting the appeal of Hong Kong's business environment globally. Moreover, many professionals who have recently been approved by different talent schemes have begun to settle in Hong Kong, which is ...
Will new travel permits for Hong Kong permanent residents hurt the economy?
Economists say city’s already struggling retail and restaurant sectors could suffer with easier expat entry to mainland China, but are divided over strength of impact.
Hong Kong court adjourns winding-up trial of HNA Group by 6 weeks
Two separate lawsuits were filed earlier this year against the investment arm of HNA Group, which defaulted on a US$200 million bond in 2021 HNA Group (International), an investment arm of Chinese ...
HSBC HOLDINGS Buys Back Total ~8.05M Shrs for $550M Ytd
HSBC HOLDINGS (00005.HK) repurchased a total of 8.0486 million shares in the UK and Hong Kong markets yesterday (2nd), involving a total of $550 million, according to HSBC HOLDINGS' announcement. Of ...
Hong Kong grants visas to trio after HK$30 million investments under new residency scheme
Most of the amount, or 90 per cent, must be invested in financial assets such as equities on the Hong Kong stock exchange, debt securities, cash deposits, subordinated debts, eligible collective ...