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Month: May 2026

Posted on 06/05/2026

HSBC shares slump 6% on surprise $400 million hit linked to MFS collapse

By Lawrence White and Selena Li LONDON/HONG KONG, May 5 (Reuters) - HSBC reported an unexpected $400 million loss linked to the collapse of British-based mortgage lender Market Financial Solutions on ...

Posted on 06/05/2026

Canadian Solar elevates Hong Kong role amid industry slump and geopolitical tensions

Energy storage unit EP Cube eyes Hong Kong hiring and potential IPO as the group expands into higher-value markets Canadian Solar, one of the industry's most exposed players to US-China tensions, is ...

Posted on 06/05/2026

Hong Kong’s economy expands at strongest pace in nearly five years

Advance data, marking the first economic print since the war broke out, showed that the city’s gross domestic product rose 5.9% in January-March period from a year earlier.

Posted on 06/05/2026

Hong Kong Weathers War Shocks With Fastest Growth Since 2021

Hong Kong’s economy expanded at its fastest pace in almost five years despite a global energy crisis unleashed by the war in Iran, thanks to an insatiable global demand for artificial intelligence ...

Posted on 06/05/2026

Why Hong Kong’s tech index is failing to ride the Chinese AI stock boom

Hong Kong has seen a string of blockbuster listings by Chinese AI firms in recent months. Yet the Hang Seng Tech Index remains deep in a slump.

Posted on 06/05/2026

Hong Kong ‘block trade king’ exploited bank lapse to make HK$1.7 million, court told

Prosecutors allege Simon Sadler and Daniel La Rocca used confidential information about planned block trade to sell more than 1.7 million Esprit shares.

Posted on 06/05/2026

Hong Kong home sales surge to 2-year high, boosting overall transactions

A total of 8,692 transactions in all sectors were concluded last month, up 12.3 per cent from March’s 7,737 deals.

Posted on 06/05/2026

HSBC profits flatten after credit losses, Mideast crisis

HSBC on Tuesday posted flat quarterly profits as higher revenue in main markets the UK and Hong Kong was offset by ballooning credit losses and the Middle East ...

Posted on 06/05/2026

Hong Kong and the UAE are entering a new phase of economic cooperation

As an international financial centre, Hong Kong has seen banks, asset managers and family offices establish or expand operations in the UAE, deepening two‑way financial and professional services ties ...

Posted on 05/05/2026

Mainland Chinese students turn to Hong Kong universities amid gaokao, US visa worries

The city has overtaken the US to become the second most popular study-abroad destination for mainland students in 2026, a report finds ...

Posted on 05/05/2026

Traffic hit as truck catches fire in tunnel of Hong Kong’s mega bridge

Truck catches fire in undersea section of 55km cross-border link leaving only one lane available to motorists.

Posted on 05/05/2026

Hong Kong billionaire to offload £4.3bn Vodafone stake

Hong Kong billionaire Li Ka-shing is to offload his £4.3bn stake in VodafoneThree in the wake of the merger of the two telecoms giants.

Posted on 05/05/2026

Hong Kong Q1 GDP expands at strongest pace in nearly five years

HONG KONG, May 5 (Reuters) - Hong Kong's economy expanded 5.9% in the first quarter from a year earlier, official advance estimates showed on Tuesday, the 13th consecutive quarter of growth and the ...

Posted on 05/05/2026

Hong Kong researchers develop ‘world-first’ nasal spray for rapid stroke aid

Treatment intended for initial use by paramedics, before being rolled out to high-risk groups in care facilities and eventually the general public through pharmacies.

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