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Month: August 2024

Posted on 27/08/2024

First activist to defend himself in landmark Hong Kong security trial, says he has no remorse

HONG KONG, Aug 27 (Reuters) - The first Hong Kong activist to defend himself in person in a landmark national security trial against 47 pro-democracy campaigners said on Tuesday that he had no remorse ...

Posted on 27/08/2024

Passenger arrested for stealing $42,000 Rolex watch on Hong Kong flight

A 57-year-old man was arrested in Hong Kong on Sunday for allegedly stealing a Rolex watch worth HK$330,000 (US$42,000) and cash from a fellow passenger on a HK Express flight. The arrest followed a ...

Posted on 27/08/2024

Claude Monet’s ‘Nymphéas’ painting will be auctioned for the first time in Hong Kong

One of Monet’s first pieces to depict the beloved water lily pond in his Giverny home (recently featured in the latest season of Emily in Paris, by the way) will soon be on auction in Hong Kong by ...

Posted on 27/08/2024

Hong Kong political veteran calls for city to build designated rental homes for global talent

Hong Kong authorities should build designated rental homes for international talents that would broaden their choices and help them navigate the city’s high rents, a political veteran who was the city ...

Posted on 27/08/2024

Hong Kong customs warns 3 babywear products pose risk of injury, strangulation

Hong Kong customs has warned that three models of babywear pose a potential risk of causing injury or even strangulation for wearers after safety tests were conducted on the products. A spokesman for ...

Posted on 27/08/2024

Hong Kong developers ready 2,800 new flats, await interest-rate catalyst for sales

Property agents predict September sales may quadruple from August's level if the Fed embarks on policy easing as expected Hong Kong developers are poised to launch at least six new projects with a ...

Posted on 27/08/2024

HSBC HOLDINGS Buys back ~2.45M Shrs for $165M in Total Ytd

HSBC HOLDINGS (00005.HK) announced that it had purchased 2.4496 million shares of the company on the Hong Kong Stock Exchange yesterday (26th), at $67.25-67.65 per share, for a weighted average price ...

Posted on 27/08/2024

Hong Kong has ‘irreplaceable’ role in country’s reform efforts: senior Beijing officials

Commerce minister Wang Wentao and key legal official Shen Chunyao brief political elites on third plenum resolution in Hong Kong session.

Posted on 26/08/2024

PING AN: HSBC Is Key Financial Investment; Shareholding Changes based on Mkt Condition

Fu Xin, deputy general manager of PING AN (02318.HK), was quoted by local media as saying that HSBC is not only a key financial investment of the group, but also forms a large part of its insurance ...

Posted on 26/08/2024

China Market Update: Hong Kong Gains As Pinduoduo’s Slight Revenue Miss Sends Shares Lower

Asian equities rose despite rising Middle East tensions. Powell’s Friday press conference, confirming a September rate cut, sent the US dollar lower. Hong Kong outperformed as the Hang Seng Index ...

Posted on 26/08/2024

Hong Kong Bitcoin ETFs Hits HK $2 Billion in AUM

The 3 Hong Kong spot Bitcoin ETFs surpassed HK$2 billion ($272M) in assets under management since launching this year. The growth shows increasing institutional appetite for regulated Bitcoin products ...

Posted on 26/08/2024

Hong Kong property leaders support leaving abolished land sale mechanism in the past

Development minister Bernadette Linn earlier said authorities had no plans to bring back application-based land sale mechanism axed in 2013.

Posted on 26/08/2024

Mixed Performance for Mainland China and Hong Kong Stocks

Mainland China stocks ended mostly flat, while Hong Kong tracked gains following dovish comments from Federal Reserve Chair Jerome Powell. Powell hinted at potential interest rate cuts, while China's ...

Posted on 26/08/2024

HSBC: This is the ‘most striking data point’ that highlights China’s growth challenges

Cheuk Wan Fan, HSBC's Chief Investment Officer for Asia, discuss the headwinds facing China's economy and explains her neutral positioning in China and Hong Kong markets.

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