its first after nearly four years of operations ZA Bank, Hong Kong's largest virtual lender, has become the first among the eight online-only banks to make a monthly net profit since launching in 2020 ...
Alibaba Subsidiary Takes Majority Stake in Ant Group’s Bank Macao In Strategic Move to Enhance Digital Payment Services
Alibaba Group Holding (NYSE:BABA) backed Hong Kong lottery firm AGTech Holdings snapped a majority stake at Ant Group’s digital unit Bank Macao for $30.26 million. Now AGTech owns a 51.5% stake in ...
Hong Kong judges dismiss plea to spare AbouThai founder jail time over subversion case
Three-judge panel says request from defendant turned prosecution witness Mike Lam ‘unrealistic’ given gravity of his offence.
Hong Kong police arrest 262 people, seize HK$759 million of drugs in summer operation
A boy and girl, both 15, are among those arrested for offences such as trafficking in dangerous substances, police say.
China Market Update: Growth Stocks Rebound As Banks’ Balance Sheets Face Mortgage Refinancing
Yesterday, Hong Kong and Mainland China were hit on profit-taking after Friday’s strong move, with the Hang Seng down –1.31%, Hang Seng Tech down -1.74%, and Shanghai and Shenzhen markets down -1.1% ...
Hong Kong property deals slump to 6-month low as market-boosting measures wear off
Overall real estate transactions in August fell 10 per cent month on month to 4,729 units, while value declined 20 per cent to US$4.4 billion.
Owners of Hong Kong’s Connaught hotel slash sale price by 40% amid property downturn
The four-star hotel is among a slew of hotels and offices that have been put on the market at reduced prices by landlords and owners recently.
Chinese Olympians’ Hong Kong visit showcased bond between local, national identities: experts
The interaction between mainland athletes and Hong Kong residents … represents a harmonious coexistence of these dual identities [among Hongkongers],’ political commentator says.
Alex Wong joins Karas So as partner in Hong Kong
Hong Kong law firm Karas So, in association with Mishcon de Reya, has appointed of Alex Wong as a partner. Wong (pictured) joined this week on September 2 as a partner, bringing experience in representing high-net-worth individuals,
Hong Kong property deals slump to 6-month low as cooling measures wear off
Overall real estate transactions in August fell 10 per cent month on month to 4,729 units, while value declined 20 per cent to US$4.4 billion.
Hong Kong stocks trade near 2-week low as deteriorating earnings weigh on sentiment
Hong Kong stocks traded close to a two-week low as investors digested weak corporate earnings amid a slowdown in China’s growth. The Hang Seng Index dropped 0.4 per cent to 17,627.01 at the noon break ...
HSBC’s New CEO Tells Staff to Keep an Eye on Costs in Town Hall
HSBC Holdings Plc’s new chief Georges Elhedery emphasized cost discipline at his first town hall in Hong Kong as Europe’s largest lender seeks to keep expenses in check.
‘Golden era’ for Hong Kong retail is over as Chinese tourists continue to tighten their purse strings
Real estate analysts claimed that the shopping frenzy the city once experienced will not return “for a long, long time.” ...
Hong Kong billionaire appoints son CEO of family office amid succession uncertainty
Henry Cheng, one of Asia's richest men, has promoted his fourth child Christopher Cheng to the senior family office role.