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Month: October 2024

Posted on 08/10/2024

Hong Kong’s anti-corruption agency charges 4 over wages for ParknShop ‘ghost workers’

Suspects allegedly conspired to deceive company over wages amounting to more than HK$3.2 million by falsifying attendance records.

Posted on 07/10/2024

Hong Kong and Japan shares rally after U.S. jobs report

Hong Kong shares jumped again, rising 1.60% the day before mainland China markets reopen. Beijing said it would explain the details of its economic stimulus plans at a Tuesday morning news conference.

Posted on 07/10/2024

Turning Points: Digital design studio Sennep

Sennep is a London-based digital design studio whose clients include Sky, Google Hong Kong, McKinsey and Unicef. It was founded in 2003 by Matt Rice and Hege Aaby, who tell us how side ...

Posted on 07/10/2024

HSBC economist: Bangladesh economy to rebound over the coming year

Limited in Bangladesh held an economic outlook webinar titled “Navigating Bangladesh’s Crossroads” highlighting the latest global and Asian market developments and sharing perspectives on ...

Posted on 07/10/2024

HKMA seeks bank sharing of personal account information in war against financial crime

HKMA will submit a bill that would allow banks to share information among themselves on personal accounts that raise red flags.

Posted on 07/10/2024

Pictet HK’s Holding in China Construction Bank Rises to 8.3%

Pictet Asset Management Hong Kong Ltd.’s holding in China Construction Bank shares was raised to 8.32% on Oct. 3 from 0.01%, according to a Hong Kong Exchange disclosure.

Posted on 07/10/2024

Setting Up a Family Office in Hong Kong

Hong Kong's strategic location, strong financial infrastructure, and favorable tax regime make it an ideal destination for family offices.

Posted on 07/10/2024

Chery Is Said to Consider Hong Kong IPO for $7 Billion Auto Unit

Chery Holdings Co. is considering a Hong Kong initial public offering for its automotive unit that could value it at about 50 billion yuan ($7.1 billion), according to people familiar with the matter.

Posted on 07/10/2024

Hong Kong gov’t seeking alternatives to ex-leader Carrie Lam’s HK$9.17m office ahead of lease expiry next year

The Hong Kong government is seeking alternative sites for the multi-million dollar taxpayer-funded office of former chief executive Carrie Lam ahead of the expiry of its lease next May. Earlier this ...

Posted on 07/10/2024

Hong Kong’s Hang Seng Index hits 32-month high as Citi, Goldman back Chinese stocks

The bank has raised its target for Hang Seng Index by 24 ... implying a 15 to 18 per cent return. Hong Kong’s benchmark Hang Seng Index has rallied more than 24 per cent since China unleashed its ...

Posted on 07/10/2024

Hong Kong stock market continues to rally, rising 1.15% on Monday morning

VCG. The Hong Kong stock market extended its three-week rally on Monday, reaching a two-and-a-half-year high in the morning session, buoyed by the lates ...

Posted on 07/10/2024

HSBC sees 6 US rate cuts until June 2025 in boon for Hong Kong’s economy and investments

Lower rates will benefit the city's economic recovery, but there has been no immediate increase in demand for loans, HSBC Hong Kong CEO Luanne Lim says HSBC, the city's biggest lender, expects six ...

Posted on 07/10/2024

How Hong Kong’s next generation of ethnic minority lawyers is beating stereotypes

Lack of diversity in legal sector is driving two young members of ethnic minority groups to inspire others to practise law.

Posted on 07/10/2024

Deep Dive: Why Hong Kong’s small and medium-sized enterprises are struggling to survive

Hongkongers and mainland Chinese tourists are spending their money elsewhere, as SMEs grapple with the continued impact of the pandemic.

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