His resignation adds to questions over succession at the Cheng family conglomerate, whose business also spans from jewelry to logistics.
A 13% rally this week has helped Hang Seng post its best weekly gain in 26 years
At Friday's (September 27) closing, the Hang Seng Index jumped 3.6% to settle at 20,632.30, the highest level since April 2023. The 13% gain this week is the best rally since an almost 15% jump in ...
China, Hong Kong stock sees record gains in Asia markets on stimulus impact; eyes on U.S. PCE report
Asia-Pacific markets trade higher on Friday as China stocks set for best week since 2008 and Hong Kong’s Hang Seng Index is set for a weekly gain of almost 13%, marking its best week since 1998, while ...
HSBC enhances Premier offering for mass affluent
HSBC is expanding the features of its Premier offering for mass-affluent customers worldwide, focusing on the key areas of wealth, health, travel and international needs.
Hong Kong could regain top 3 IPO ranking by year-end after jumping to fifth in September
Hong Kong could potentially climb back into the top three among global initial public offering (IPO) markets by the end of the year, as analysts believe the recent bull run is set to attract some ...
Hong Kong’s central bank to introduce framework on sharing scam-related losses
The Hong Kong Monetary Authority (HKMA) will start an industry consultation on a "responsibility framework" on scams, paving the way for commercial banks to share losses with customers affected by such transactions.
Hong Kong police arrest 50 in 7-day crackdown on scammers that stole HK$110 million
Force highlights new ruse that targets those planning trips to Japan by offering fake currency exchange deals with favourable rates.
Starting it all in HK
Hong Kong's market-driven startup ecology is appreciated by entrepreneurs who have ventured into the city of opportunity. Harry Chen, a Canadian entrepreneur, says he finds Hong Kong to be the "best ...
Hillhouse Co-Leads $52 Million Round In Japanese Restaurant Software Startup Dinii
D inii, a Tokyo-based startup that provides cloud-based restaurant management software, has raised ¥7.5 billion ($52 million) in a round led by Chinese billionaire Zhang Lei’s Hillhouse Investment ...
Elevating Business Horizons: Hong Kong, London Shape New Collaborative Success
A delegation led by Hong Kong's Financial Secretary Paul Chan is on a four-day visit to London (September 25-28, 2024), the second leg of an overseas trip to strengthen ties with European businesses and cultivate enhanced co-operation,
Over 3,600 Hong Kong food outlets offer deals, discounts to celebrate National Day
Restaurants, cafes and supermarkets to push out ‘celebratory offers’ and discounts of up to 30 per cent, say industry leaders.
Hong Kong stocks close up, turnover hits new high
Hong Kong stocks continued the upward trend Friday, with the Hang Seng Index surpassing 20,000 points at the opening and the gains extended. The main board turnover exceeded 445 billion HK dollars (about 57.21 billion U.S. dollars), hitting a new high.
‘We’re agile, energetic’: don’t underrate ourselves, tycoon Michael Kadoorie tells Hong Kong
Media-shy energy and hotel tycoon Kadoorie and his son and heir apparent Philip discuss future of country's economy in rare interview At a time when Hong Kong tycoons are being called upon to help ...
Hong Kong could regain top 3 IPO ranking by year-end after jumping to 5th in September
IPOs in the city reached US$7.14 billion in the first nine months, exceeding last year’s total of US$5.9 billion, LSEG data shows.