He needs to shave off US$2 billion in costs to sustain a key measure of bank’s profits. Read more at straitstimes.com.
Ex-executives of Jimmy Lai’s Hong Kong media company file legal challenge against global accounting firm BDO
Two former executives of Hong Kong’s Next Digital media group have filed a legal challenge against global accounting firm BDO, accusing it of helping city authorities to liquidate the company founded ...
PwC invests in ‘high quality’ business in China after record fine, internal memo says
PwC is making "tangible investments" to ensure the Big Four firm has high quality and sustainable business in China, it said in a memo to staff after Chinese regulators on Friday hit the company's ...
PwC probe spotlight shifts to Hong Kong after record China fine over Evergrande audit
Hong Kong’s accounting regulator can mete out as much as $1.7 million in fines if it disciplines PwC. Read more at straitstimes.com.
Gloomy outlook for Hong Kong’s hotel and catering sectors across Mid-Autumn holiday period
Miramar hotel chain records lower occupancy rates despite reducing rates by as much as 20 per cent, while catering industry struggles over weekend.
Singapore to ‘mop up’ finance business leaving Hong Kong: report
SINGAPORE -- Japan, India and Singapore are poised to be winners in Asia as Chinese markets continue to be challenged by geopolitical risks, according to a report published last week by research and ...
Current mortgage rates 2024
Lenders base mortgage interest rates on the benchmark interest rate, along with other factors such as credit score, loan-to-value (LTV) ratio, size of the loan, type of loan and loan term.
Hong Kong Property Market Faces Challenges
Hong Kong’s property market has been under significant pressure recently, with various factors contributing to its ongoing struggles. The market, once seen as one of the most lucrative and stable ...
Hong Kong stocks decline as investors react to China’s economic data and Fed rate decision
Asian markets showed mixed results Monday with Hong Kong falling on weak data, while Australia and Taiwan saw gains. Typhoon Bebinca disrupts travel in China.
Citigroup is looking to hire talent in Hong Kong in wealth push
CITIGROUP plans to add talent in Hong Kong as it’s bullish on the city and its links with the surrounding Greater Bay Area in mainland China, according to its wealth chief. Read more at The Business ...
Hong Kong-focused ETFs set to list on Saudi exchange
Planned listings follow 2023 launch of Hong Kong’s first Saudi equities ETF, which has attracted $1.25bn in assets
Asian stocks mixed amid weak China data after Wall Street closes the best week of 2024
Asian stocks are mixed with several key markets closed for a holiday, after U.S. stocks finished their best week of the year and climbed to the cusp of their records.
First conviction under Hong Kong’s new national security law for wearing “seditious” T-shirt
A Hong Kong man on Monday pleaded guilty to sedition for wearing a T-shirt with a protest slogan, becoming the first person convicted under the city's new national security law passed in March. Chu ...
Chinese Stocks Drop in Hong Kong After Economic Data Disappoint
A gauge of Chinese stocks listed in Hong Kong fell after broadly weaker macro data dashed optimism of a meaningful rebound in the economy in the absence of comprehensive stimulus.