The developer, owned by the family of billionaire Henry Cheng Kar-shun, issued a statement to say it has US$13.4 billion in capital and ‘no plans to sell any stake in K11 Atelier King’s Road’.
Robotics Firm UBTech Files for Hong Kong IPO
UBTech Robotics Corp. Ltd., a loss-making developer of artificial intelligence-powered humanoid robots, has filed for a Hong Kong IPO in a renewed effort to seek more funding to finance its expansion ...
Hong Kong Offers 500,000 Free Flights After Covid Isolation
Hong Kong is ready to welcome the world back, its leader said Thursday, pledging more than half a million free flights and positive publicity to resurrect the once-vibrant global hub after three years ...
Hong Kong is giving away air tickets, vouchers to attract tourists after reopening borders following COVID
After lifting the majority of COVID restrictions, Hong Kong is launching a "Hello Hong Kong" tourist campaign. The city is offering free air tickets to tourists around the world.
Hong Kong’s banks keep loan costs steady after quarter-point rate hike, offering respite to city’s slumping economy
Six major lenders, including HSBC, Hang Seng Bank, Citibank and Standard Chartered, said they would keep the loan rate for their best clients unchanged Hours earlier, Hong Kong's monetary authority ...
We adopted our son from an orphanage in Hong Kong. Later, we found out about his best friend, so we adopted him, too.
After adopting a boy with severe medical issues, the family found out his best friend was still in need of a family. They adopted him, too.
Hong Kong’s cenbank raises interest rate after Fed hike, HSBC keeps rate unchanged
The Hong Kong Monetary Authority (HKMA) raised its base rate charged through the overnight discount window by 25 basis points to 5.0% on Thursday, hours after the U.S. Federal Reserve delivered a rate ...
Hong Kong Says ‘Hello’ to Woo Back Visitors After COVID
Hong Kong leader John Lee unveiled on Thursday a promotion campaign that will include 500,000 free flights to lure back visitors, businesses and investors to the financial hub after more than three ...
Hong Kong services to rebound as China reopens, but UBP says sector is coming from ‘fragile situation’
However, its economist warned that the sector will be "going from a very fragile situation," given its contraction in every single quarter of 2022.
Hong Kong woos tourists with air tickets and vouchers
Hong Kong will give away air tickets and vouchers to woo tourists back to the international financial hub, racing to catch up with other popular travel destinations in a fierce regional competition.
New World considers sale of majority of $1.4 billion Hong Kong office tower – sources
Hong Kong's New World Development is talking to investors about the sale of a majority stake in an office tower under its premium K11 brand as it disposes of non-core assets to fund its rapid ...
HSBC to leave unchanged best lending rate in
HSBC Holdings said on Thursday it was leaving its best lending rate in Hong Kong unchanged at 5.625%, despite a raise by the city’s de facto central bank in the base rate charged through its overnight ...
HSBC leads banks in keeping loan cost steady after Hong Kong’s 25-pip rate hike to offer relief to city’s slumping economy
The slower pace could bring some much-needed respite for Hong Kong's economy, which is trying to grow its way out of recession The slower increase, done in lockstep with the Federal Reserve, came ...
Govt: Hong Kong economy shrank 3.5pc in 2022
Hong Kong's economy shrank by 3.5 per cent in 2022, with exports plunging and the city's worst-ever coronavirus outbreak battering businesses, ...