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Month: September 2024

Posted on 02/09/2024

Shares in Hong Kong’s New World Development plunge after $2.6 billion loss estimate

HONG KONG (Reuters) -Shares of New World Development, a major Hong Kong property developer, plunged 14% after it estimated a net loss of as much as HK$20 billion ($2.6 billion) for the financial year ...

Posted on 02/09/2024

Hong Kong students should sing national anthem ‘with emotion’, says education chief

Hong Kong students should sing the national anthem “with emotion ... The bureau in April projected the number of six-year-olds expected to start Primary One would drop from 49,600 this year to 31,500 ...

Posted on 02/09/2024

Shares in Hong Kong’s New World Development plunge after $2.6 bln loss estimate

Shares of New World Development , a major Hong Kong property developer, plunged 14% after it estimated a net loss of as much as HK$20 billion ($2.6 billion) for the financial year ended in June.

Posted on 02/09/2024

Hong Kong may issue No 1 standby signal on Tuesday as Tropical Cyclone Yagi nears

Yagi is expected to become typhoon on Thursday before further strengthening and entering within 400km of the city.

Posted on 02/09/2024

Hong Kong stocks drop to halt monthly gain on weak China manufacturing, corporate results

New World Development, state-owned banks lead plunge as market slips after best monthly performance since April.

Posted on 02/09/2024

Heartfelt love with mainland Olympians in Hong Kong

Chinese swimmer Pan Zhanle (L), diver Quan Hongchan (C) and table tennis player Ma Long greet the crowd in Hong Kong, South China, Aug. 29, 2024. A delegation of Chinese mainland Olympians from the ...

Posted on 02/09/2024

Cravity is all set to return to Hong Kong for a fan concert this October

K-pop group Cravity will return to Hong Kong for a fan concert this October—just three months after performing in the city last July.

Posted on 02/09/2024

John Legend will perform in Hong Kong after six years this October

John Legend is returning to Hong Kong after six years for his first outdoor concert in October 2024 at AXA x Wonderland.

Posted on 02/09/2024

A new way of betting on tech stocks is emerging in Hong Kong

The bourse was launching weekly options on the Hang Seng Tech Index, which tracks stocks including Alibaba Group Holding and JD.com that also trade in the U.S.

Posted on 02/09/2024

Hong Kong Property Pain Worsens for New World and Scion CEO

New World Development Co.’s shares fell as much as 14% Monday morning, as Hong Kong’s property downturn weighs on the firm owned by the billionaire Cheng family.Most Read from BloombergA Guide to ...

Posted on 02/09/2024

Hong Kong property: cash-rich buyers make most of Peak distress amid 50% price slump

Distressed sales in Hong Kong’s luxury property market have driven prices down by as much as 50 per cent, with opportunistic buyers snapping up bargains, Savills says.

Posted on 02/09/2024

Exclusive | Top Hong Kong insurer HSBC Life targets Asia’s rich, Greater Bay Area retirees for growth

“To me, that shows Hong Kong is fundamentally an international financial city, and our products and services need to be international,” Moncreiffe said.

Posted on 02/09/2024

Kam Lun Tailors weaves 60 years of history in its school uniforms for Hong Kong pupils

From the 1950s to the 1970s, Hong Kong saw a surge in immigration; with it came a growing demand for school uniforms. It was this trend that spurred Paul to leave his job at a larger uniform company ...

Posted on 02/09/2024

Hong Kong Property Pain Worsens for New World and Its Scion CEO

Hong Kong’s real estate downturn is taking a growing toll on New World Development Co., the property developer owned by the billionaire Cheng family.Most Read from BloombergA Guide to Urban Swimming ...

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