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Month: June 2025

Posted on 20/06/2025

Hong Kong biotech stock surges 56,000% with no revenue, CEO becomes mega-billionare overnight

A Hong Kong company developing herbal treatments for ADHD has seen its stock price surge over 56,000% this year following a 38-for-1 stock split, despite having no revenue and ongoing losses.

Posted on 19/06/2025

Hong Kong rises to World’s No.3 most competitive economy

HONG KONG SAR – Media OutReach Newswire – 19 June 2025 – Hong Kong has moved up two places to rank as the world’s third most competitive economy, marking the second successive year that the city has ...

Posted on 19/06/2025

John Chong on the Past, Present and Future of Hong Kong Cinema

The veteran producer behind 'Infernal Affairs' opens up about the city's cinematic legacy, its current challenges and mentoring the filmmakers of tomorrow.

Posted on 19/06/2025

Hong Kong landlords urged to register subdivided flats ahead of 2027 deadline

Hong Kong landlords of subdivided flats will be able to register their properties for rectification to official standards as early as March next year, with authorities planning to enforce a new law in ...

Posted on 19/06/2025

Hong Kong stocks slide to 2-week low as Fed sees inflation risk amid Middle East tensions

Hong Kong stocks dropped to a two-week low after the Federal Reserve flagged increasing inflationary risk for the economy and the conflict in the Middle East jeopardised global oil supply. The Hang ...

Posted on 19/06/2025

Insurer FWD Group could launch $500 million Hong Kong IPO next week, sources say

Insurer FWD Group plans to launch its Hong Kong initial public offering (IPO) to raise about $500 million as early as next week, said two sources with direct knowledge of the matter.

Posted on 19/06/2025

What China’s Listing Frenzy in Hong Kong Means for Investors

Chinese companies are lining up in droves to list on the Hong Kong stock exchange, sparking a frenzy in a market that has been forsaken by investors and companies for many years.

Posted on 19/06/2025

The new middle class trap: Unsecured loans and social pressure fuel debt in India, Hong Kong and elsewhere

Once seen as engines of economic growth, the middle classes across countries including India and Hong Kong are now struggling to stay afloat as mounting personal debt, stagnant incomes and unchecked l ...

Posted on 19/06/2025

Hong Kong Monetary Authority says outlook for local currency uncertain

The Hong Kong Monetary Authority (HKMA) said on Thursday the outlook for the direction of the Hong Kong dollar and for interbank rates remains uncertain due to carry trades and other factors. The city ...

Posted on 19/06/2025

Former Hong Kong exchange CEO Charles Li aims to list start-up in small-firm financing

Li’s Micro Connect is among six companies that filed for listings on Wednesday, joining 200 companies waiting to list in the city.

Posted on 19/06/2025

Uber warns Hong Kong users of higher fares, longer wait times under proposal

Some drivers oppose vehicle quota under government’s proposed regulations, as limit on numbers would eliminate those who drive part-time.

Posted on 19/06/2025

Hong Kong to study Beijing’s monetary policy, weigh risks before issuing yuan stablecoins

We need to align our considerations with national policymaking,’ Hong Kong’s treasury chief says at the Lujiazui Forum.

Posted on 19/06/2025

Hong Kong employment bill ‘not foolproof’, may still allow worker exploitation: lawmakers

Transport sector lawmaker Frankie Yick says minibus operators will have no choice but to cut working hours, which means drivers will earn less money.

Posted on 19/06/2025

Hong Kong set to regain top IPO spot under US-China tensions

China's largest soy sauce maker, Foshan Haitian Flavouring and Food Company, rang the gong at the Hong Kong exchange on Thursday. The shares opened 3.3% above their offer price, with the listing ...

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