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Month: January 2025

Posted on 28/01/2025

DeepSeek and ChatGPT Answer Sensitive Questions About China Differently

DeepSeek's chatbot's answer echoed China's official statements, saying the relationship between the world's two largest economies is one of the most important bilateral relationships globally. It said ...

Posted on 28/01/2025

Hong Kong’s December mortgages shrink 21.1% as high rates drive homebuyers to sidelines

Mortgages shrank by 21.1 per cent last month to 6,306 applications from November, according to a statement by the Hong Kong Monetary Authority (HKMA).

Posted on 28/01/2025

London still dominates as the biggest hedge funds’ international outpost despite hot spots like Dubai entering the scene

Regulatory filings for the biggest managers like Citadel and Point72 show that London and Hong Kong are where investing talent is concentrated.

Posted on 28/01/2025

Hong Kong shares rise after China’s DeepSeek triggers rout in global AI stocks

Japan’s chipmaker stocks plunged into losses, while artificial intelligence and related stocks on Wall Street were hammered overnight amid concerns over the waning dominance of US tech giants in the ...

Posted on 28/01/2025

Hong Kong’s Slump in Fees Reflects Intensifying Banking Competition

Contemporary Amperex Technology Co. Ltd.’s upcoming jumbo listing, which could raise more than $5 billion, is the type of deal that can inject a much-needed adrenaline shot into a sputtering market ...

Posted on 28/01/2025

Hong Kong accounting body calls for more expertise in sustainability practices

Some 21 per cent of Hang Seng Index members obtained a ‘reasonable’ score while 53 per cent received a ‘limited’ rating, council report shows.

Posted on 28/01/2025

Hang Seng Bank fined $8.5 million for investment product sales misconduct

Hong Kong's securities regulator said on Monday it had fined Hang Seng Bank HK$66.4 million ($8.52 million) for overcharging its clients while selling investment products. The Securities and Futures ...

Posted on 28/01/2025

Hong Kong stocks gain on valuation focus as DeepSeek sparks US tech rout

Stocks rise on bets investors will look for cheaper options after DeepSeek’s popular low-cost AI model sparked a US$1 trillion tech rout.

Posted on 28/01/2025

Hong Kong fashion trade show urged to ‘celebrate Year of the Snake’ by banning snakeskin

An animal rights organisation has called for snakeskin to be banned from a Hong Kong fashion trade show ahead of the Year of the Snake. In a statement last Friday, People for the Ethical Treatment of ...

Posted on 28/01/2025

Hong Kong man, 29, lured to South-East Asian ‘scam farm’ returns home

Security official will remain in Bangkok to continue efforts to rescue 10 other residents stranded in similar fraud centres in region.

Posted on 28/01/2025

The best new restaurants to try in Hong Kong in 2025: February edition

From fine-dining venues to casual eateries, these are the top new restaurants in Hong Kong to try every month, with the city welcoming newcomers

Posted on 28/01/2025

Smithfield Foods prices IPO below range in US market comeback

Smithfield Foods, the largest pork processor in the U.S., said it priced its initial public offering well below its forecast range, raising $521.7 million for the company and the selling stockholder.

Posted on 28/01/2025

How Hong Kong could take the lead in instant payments

Readers discuss the potential for the city's fintech sector to distinguish itself, and a way to help keep recession at bay Feel strongly about these letters, or any other aspects of the news? Share ...

Posted on 28/01/2025

Hang Seng Bank fined for HK$66.4 million over misconduct in selling investment products

Hong Kong regulators have imposed a HK$66.4 million fine on Hang Seng Bank for misconduct related to how it sold investment products between 2014 and 2023. The Securities and Futures Commission (SFC) ...

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