SHANGHAI/SINGAPORE (Reuters) -Chinese stocks tumbled on Wednesday alongside their Hong Kong peers, as investors sought to profit from a blistering rally, which was dampened by the lack of powerful stimulus measures to revive the economy.
HSBC appoints Global Chief Investment Officer and Head of Investments for Global Insurance
HSBC has appointed William Chan as Global Chief Investment Officer and Head of Investments for Global Insurance with immediate effect.
China Finance Ministry Calls Press Briefing, Firing Up Stimulus Hopes
China’s finance ministry is set to hold a media briefing Saturday, reigniting expectations that Beijing is readying fiscal stimulus to boost the economy.
Would ending Hong Kong liquor tax, delaying shisha ban and extending MTR hours help bars?
Hong Kong Bar and Club Association urges measures to help revitalise industry amid growing trend of cross-border spending.
Over 80% of Hong Kong construction workers say jobs affected by import of non-local labourers, union survey finds
A majority of Hong Kong construction workers said their employment had been affected by a government scheme to import non-local labourers, according to a survey conducted by a union. Hong Kong ...
Hong Kong Stocks Fall Most Since 2008 as China Stimulus Trade Fizzles
China is back to work after the fall "Golden Week" holiday, and the sheen is coming off a recent market rally. A briefing from the country's top economic planner, the National Development and Reform ...
Hong Kong building firms owe HK$290 million in unpaid wages, subcontractor fees, union says
Hong Kong Construction Industry Employees General Union says HK$70 million is owed in unpaid wages and benefits.
Yen for Hong Kong: Japanese tourists are returning in droves, but for how long?
Japanese tourist arrivals to Hong Kong are up 106 per cent so far this year, but industry analysts say the weak yen threatens further growth.
Hong Kong consumers struggle with bills and loans despite rising incomes, TransUnion says
Rising incomes in Hong Kong are not easing financial stress, with 25 per cent of people unable to pay bills fully.
DBS head of institutional banking group in Hong Kong to depart
DBS Group Holdings’ head of institutional banking group Hong Kong, Wallace Lam, will be leaving South-east Asia’s biggest lender, according to a spokesperson. Read more at The Business Times.
US chain Garrett Popcorn announces departure from Hong Kong in 13 years amid wave of business closures
American chain Garrett Popcorn has announced plans to close all five branches in Hong Kong, 13 years after it opened its first store in the city. “Garrett Popcorn Shops will be cooking our last ...
HSBC appoints William Chan as investment head for global insurance
He leads a team of investment specialists in Hong Kong. HSBC has appointed William Chan as global chief investment officer and head of investments for global insurance, effective immediately. Chan is ...
Should Hong Kong banks pay you back if you are the victim of a financial scam?
About HK$4.5 billion in losses have been incurred from scam and fraud cases in the city in the first six months of 2024.
Hong Kong Dollar Funding Costs Slip as Local Stock Frenzy Fades
A gauge of interbank borrowing costs in Hong Kong dropped for the first time in 13 sessions as local stocks retreated following a rally fueled by China’s stimulus blitz.