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Month: February 2025

Posted on 27/02/2025

Hong Kong bourse logs 10% profit jump as trading turnover and IPOs surge

Hong Kong's bourse operator reported a 10% rise in annual profit, helped by sharp increases in trading turnover and new company listings, and said it was optimistic that a pickup in Chinese economic ...

Posted on 27/02/2025

Investing in megaprojects crucial for Hong Kong’s growth despite deficits: Paul Chan

Hong Kong must invest in megaprojects such as the Northern Metropolis to drive economic growth even if they cause deficits, the finance chief has said, while appealing for understanding from the ...

Posted on 27/02/2025

Budget 2025: Measures do not address poverty, Hong Kong NGO says

Hong Kong’s new budget does not do enough to support the city’s underprivileged, an NGO has said, citing meagre subsidy allowances and the scrapping of a HK$2,500 grant for students. The Society of ...

Posted on 27/02/2025

China, HK stocks slip as AI-driven tech rally pauses following Nvidia results

SHANGHAI: China and Hong Kong stocks fell on Thursday, as the tech rally underpinned by artificial intelligence startup DeepSeek paused following AI chip giant Nvidia’s earnings. China’s blue-chip ...

Posted on 27/02/2025

Veteran Hong Kong democrat and 6 others jailed for rioting after 2019 mob attack

A Hong Kong court on Thursday sentenced veteran democrat Lam Cheuk-ting and six other men to jail terms of several years for rioting after being attacked by a white-shirted mob in the summer of 2019 ...

Posted on 27/02/2025

HKEX Profit, Revenue Hit Quarterly Highs as IPO, Market Sentiment Pick Up

The stock-exchange operator said Thursday that net profit reached a fourth-quarter high of 3.78 billion Hong Kong dollars, beating market expectations.

Posted on 27/02/2025

Hong Kong stock exchange reports record profits after China stimulus

High interest rates in the US, which translate directly to Hong Kong due to the territory’s dollar peg, had depressed dealmaking in the city. Coupled with its exposure to China’s economic slowdown, ...

Posted on 27/02/2025

Hong Kong exchange’s 2024 profit rises 10% on higher trading revenues

Hong Kong's bourse operator reported on Thursday a 10% rise in profit in 2024, beating forecasts, bolstered by a sharp jump in trading revenues after the announcement of China economic stimulus ...

Posted on 27/02/2025

Hong Kong cutting 10,000 civil service jobs – is it enough to turn its finances around?

Hong Kong's government workers will bear the brunt of the biggest cuts in the finance chief's bid to balance the books as the city braces itself for a fourth straight year of deficit.

Posted on 27/02/2025

Hong Kong Looks to Save Pennies to Fight Its Way Out of the Red

The Hang Seng Index has soared 21% since Trump’s inauguration to touch a three-year high. The gauge has benefited from DeepSeek’s breakthrough and President Xi Jinping’s declaration to high-profile ...

Posted on 27/02/2025

US targets firms in China, Hong Kong over alleged role in Iranian drone procurement

The United States imposed sanctions on six entities based in Hong Kong and China on Wednesday that it accused of being involved in an Iranian drone procurement network, as the Trump administration ...

Posted on 27/02/2025

Hong Kong Property And Jewelry Magnate Navigates Perfect Storm

Henry Cheng, chairman of New World Development and Chow Tai Fook Jewellery, saw his fortune drop $2.6 billion.

Posted on 27/02/2025

Next wave of disruptors unveiled at HKTDC’s Start-up Express International 2024

From fintech to biotech, start-ups from around the world gather in Hong Kong to explore growth opportunities, funding and cross-border expansion ...

Posted on 27/02/2025

Hong Kong’s 50 Richest 2025: Stock Market Rally Lifts Wealth But Property Woes Linger

ByJane Ho, Forbes Staff. I cover Asia's wealth and entrepreneurs from a base in Singapore. This story is part of Forbes’ coverage of Hong Kong’s Richest 2025. See the full list here. Though Hong ...

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