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Posted on 15/02/2025

Pandas are pretty, but don’t expect them to solve Hong Kong’s financial woes

It appears – though the numbers published vary a bit – that our government is bleeding money on such a scale that the reserves will be run down in five or six years, placing us in the same boat as all ...

Posted on 15/02/2025

Bring on ‘Japanese craze’ for Hong Kong films: Kowloon Walled City movie director

Soi Cheang hopeful others can ride wave of success from action thriller that brings to life old Hong Kong for ‘fascinated’ Japanese fans.

Posted on 15/02/2025

AI giants Baidu, OpenAI offer their chatbots for free in response to DeepSeek’s advance

Chinese internet search giant Baidu will make its advanced AI chatbot services free, as competition heats up among global developers following the surging popularity of startup DeepSeek’s models.

Posted on 15/02/2025

Gaorong Ventures invests $30M in the operator of Hong Kong’s biggest licensed crypto exchange

China’s crypto market is gaining traction. For the first time, Gaorong Ventures, a major Chinese investment firm, has put $30 million into HashKey Group, a company that runs Hong Kong’s largest approved crypto exchange.

Posted on 14/02/2025

HSBC to unveil $1.5 billion of annual cost savings on February 19, FT reports

HSBC is preparing to report $1.5 billion of annual cost savings from the changes implemented under its broad restructuring initiatives, the Financial Times reported on Thursday.

Posted on 14/02/2025

Sun Hung Kai, Sino Land among 4 Hong Kong developers bidding for Tung Chung plot

A total of four Hong Kong property developers submitted bids for a residential land parcel in Tung Chung, the Lands Department said on Friday, after the government revised its requirements to ...

Posted on 14/02/2025

Hong Kong’s market watchdog reviews 8 brokerages amid IPO oversubscription frenzy

SFC monitoring brokerages with respect to their risk management of margin financing for new stocks, CEO Julia Leung says.

Posted on 14/02/2025

Hong Kong’s financial chief shows cautious optimism about stock market

HONG KONG -- Paul Chan, financial secretary of the Hong Kong Special Administrative Region (HKSAR) government, on Thursday expressed cautious optimism about the Hong Kong stock market this year and ...

Posted on 14/02/2025

Hong Kong plans to ban substandard tiny apartments. Low-income families fear higher rents

Jimmy Au’s world shrinks to about the size of a parking space whenever she gets home. Her cramped Hong Kong home is one of four units carved out of what was once a single apartment. Most of the space ...

Posted on 14/02/2025

Move over Moo Deng! Hong Kong’s panda cubs are ready to go viral to get tourists back

Hong Kong bets on its baby pandas to boost its lackluster tourism industry and revive an economy that’s struggling to regain momentum.

Posted on 14/02/2025

DeepSeek’s disruption forces AI giants like Baidu, OpenAI to offer their chatbots for free

Chinese internet search giant Baidu will make its advanced AI chatbot services free, as competition heats up among global developers following the surging popularity of startup DeepSeek’s models.

Posted on 14/02/2025

HSBC plans to unveil $1.5 billion of annual cost savings on February 19

HSBC said that it plans to wind down its M&A and some equities businesses in Europe and the Americas, accelerating a shift towards Asia in its biggest retrenchment from investment banking ...

Posted on 14/02/2025

HSBC to unveil $1.5bln of annual cost savings on February 19, FT reports

HSBC has been scaling back its worldwide footprint, exiting dozens of low-returning consumer banking activities, from France to Greece to Canada in the past few years ...

Posted on 14/02/2025

Hong Kong plans to relieve some but not all worst housing conditions

Housing is a sensitive issue in Hong Kong, one of the world's least affordable cities, where the government controls land supply and high property costs are the norm. A new government policy targets ...

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