HONG KONG — Hong Kong’s leader announced a cut in liquor taxes on Wednesday in a bid to revive the Asian financial hub’s reputation as a travel destination with a vibrant nightlife and dining scene.
Hong Kong SMEs facing loan hurdles should contact Monetary Authority, John Lee says
Chief executive says de facto central bank has been tasked with ensuring policies to help SMEs trickle down to financial institutions Small and medium-sized enterprises (SMEs) that face persistent ...
Are McKinsey’s 500 job cuts in China a response to legal challenges and market pressures?
In a significant restructuring effort, McKinsey & Co., the prominent US-based consulting firm, is poised to overhaul its operations in China, which includes laying off approximately 500 ...
Hong Kong official accused of sexually assaulting underage girl not allowed to travel
Court dismisses request by district councillor Sei Chun-hing, 37, who denies assaulting 11-year-old in 2008 and unlawful sex with her in 2011.
HK Policy Address 2024: Loan-to-value ratio for home mortgages to be relaxed amid home price slump
Hong Kong’s government will relax the mortgage loan-to-value ratio amid a property slowdown, a move welcomed by the real estate sector. The city’s leader John Lee announced on Wednesday, during the ...
China pumps half a trillion dollars into beleaguered property sector. But that’s not enough
Chinese property shares tanked on Thursday, after measures announced by officials to bolster the flagging real estate market were deemed by investors and economists to be too piecemeal.
HSBC GPB Remains Neutral on CN/ HK Stocks, Prefers Low-Valuation High-Yield Insurers/ Telecoms/ Utilities & Financially Sound CN Developers
Cheuk Wan Fan, Chief Investment Officer, Asia, at HSBC Global Private Banking (GPB) and Wealth, stated that the State Council will disclose measures regarding "intensifying counte ...
Hong Kong must regain strength as gold trading centre in ‘game changer’ for economy: John Lee
Chief Executive calls for immediate action to build from 'low base', keep up with Singapore's recent launch of vault with 500-tonne gold depository Hong Kong must move quickly to regain a strong ...
McKinsey Cuts Hundreds From China Workforce
McKinsey is overhauling its China business after cutting back on government-linked clients and reducing the unit’s workforce by nearly 500 people, about a third of the total.To reduce security risks ...
McKinsey Cuts Hundreds of Jobs in China Business, WSJ Reports
(Reuters) - U.S.-based consulting firm McKinsey is revamping its China business after reducing its government-linked clients and cutting about 500 jobs, which is around a third of its China workforce, ...
Hong Kong Regains Title as World’s Freest Economy From Singapore, Researcher Says
Hong Kong resumed its half-century run as the world’s freest economy, wresting the title from rival Singapore, according to a Canadian researcher.
What Tesla Didn’t Tell You About Its Optimus Robots
Bloomberg's Max Chafkin joins Ed Ludlow to discuss the undisclosed human factor behind Tesla's Optimus robots showcased during its Cybercab event. He speaks on "." (Source: Bloomberg)
Hong Kong stocks halt 3-day decline on plan to reinvigorate IPOs, China ministry briefing
Investors await details from a press conference held by China’s Housing Minister Ni Hong for reviving the nation’s property market.
HSBC HOLDINGS Buys back 2.68M+ Shrs for HKD182M in Total Ytd
HSBC HOLDINGS (00005.HK) announced that it had bought back a total of 2.6846 million shares of the company in the UK and Hong Kong markets yesterday (16th), involving a total of HK... HSBC HOLDINGS ...