Authorities jointly crack down on syndicate, arresting boy, 17, in Perth and man, 37, in Hong Kong, over nearly 20kg of drugs, mostly Ice.
Hong Kong banks to reap rewards of high interest rates until late next year, KPMG says
The total assets of all licensed banks in the city last year rose by 2.7 per cent to HK$23 trillion (US$2.94 trillion), according to KPMG.
‘Race to the bottom’: Hong Kong home prices slump to multi-year lows, with change far off
Recent new-home launches have sold poorly despite decade-low prices, while prices of lived-in flats hit a nearly eight-year low, according to JLL.
Over 300 mainland Chinese and overseas companies develop business in Hong Kong with gov’t help in first half of 2024
The Hong Kong government’s investment promotion body has assisted more than 300 firms from mainland China and overseas to set up or expand their business in Hong Kong in the first half of 2024. A ...
New travel permits for Hong Kong permanent residents hurt economy? Play long game: experts
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.
China Market Update: Alibaba Reports $26 Billion In Buybacks Left, Hong Kong
Asian equities were mixed but mostly lower overnight as Hong Kong and Pakistan outperformed.
HSBC Buys back ~11.35M Shrs in Total in 2 Days for HKD775M
HSBC HOLDINGS (00005.HK) announced that it repurchased a total of 11.349 million shares of the company on the UK and Hong Kong markets on Friday (28 June) and yesterday (1 July), i... HSBC HOLDINGS ...
Exiled Hong Kong activists feel strain after bounty imposed on them
Despite being mentally prepared, Hui and Kwok said they felt shocked when the Hong Kong government issued arrest warrants and bounties worth $127,635 for them and the other overseas Hong Kong ...
Chinese investors give Hong Kong the wealth management edge
Hong Kong’s growth as a wealth management centre has surged in recent months following modifications to the Wealth Management Connect regional market access scheme, with banks in the Asian financial ...
Hong Kong professor calls China’s crypto mining ban ‘unwise’, suggests opening up to digital assets
A professor at HKUST has questioned the logic of China’s cryptocurrency mining ban, suggesting that the government should embrace virtual assets amid geopolitical risks.
HSBC to freeze hiring, limits bankers’ travel in cost-cutting drive: Report
Certain business units have been instructed to pause hiring altogether, although this freeze is not intended to affect client-facing roles.
HSBC Freezes Hiring in Some Departments, Asks Bankers to Cut Travel & Entertainment Spending – Rumour
Citing sources, Bloomberg reported that HSBC HOLDINGS (00005.HK) is slowing down hiring, as outgoing CEO Noel Quinn tries to cut costs by asking investment bankers to reduce travel and entertainment ...
HSBC curbs hiring, reins in banker travel in cost-cutting push
HSBC is slowing down hiring and asking investment bankers to rein in their travel and entertainment expenses as outgoing Chief Executive Officer Noel Quinn looks to curb costs at Europe’s largest ...
Hong Kong flags retail challenges as May sales slump 11.5% y/y
Hong Kong's May retail sales fell 11.5% from a year earlier, government data showed on Tuesday, reflecting a surge in outbound trips, strength in local currency and a high base of comparison for ...