Harindarpal Singh Banga is a commodities billionaire and chairman of Caravel Group, ranking among the Top 50 richest individuals in Hong Kong, with a net worth of $2.9 billion as of August 2024, according to Forbes Magazine. Other notable pre-IPO investors ...
China’s Didi Turns Profitable as Ride-Hailing Grows Ahead of IPO
Didi Global Inc. swung to a profit in the June quarter, a welcome boost for the company as it prepares for a potential re-listing in Hong Kong. China’s leading ride-hailing provider reported a net profit of 1.4 billion yuan ($196 million), from a small ...
Hong Kong police arrest more than 4,300, seize HK$768 million of illicit drugs, proceeds
Officers raid 2,300 locations in two-month operation with Macau and Guangdong counterparts to combat triads and crime syndicates.
Review: ‘The Killer’ brings a Hong Kong action genius back to the site of his own crimes
In Woo’s world, guns kill people, but gunplay slays audiences. Last year’s wordless “Silent Night” showed the Hong Kong legend trying to get loud again with American audiences, except it didn’t go off ...
AIA Hong Kong sees health as a city’s wealth, CEO says
The insurer supports customers joining Hong Kong’s Capital Investment Entrant Scheme and expands its health advocacy through the ‘Rethink Healthy’ initiative.
2 injured, including police officer, when driver tries to smash past Hong Kong roadblock
A 6km (6.8 mile) police chase of a suspicious vehicle ended when the driver of the pursued car failed to smash his way through a roadblock in a residential area of Ho Man Tin in Hong Kong on Friday, ...
Hong Kong eases listing thresholds for tech firms, SPAC deals in fresh tonic for IPO market
Hong Kong’s stock exchange operator is modifying its listing rules to make it easier for specialist technology companies and special-purpose acquisition companies (SPACs) to raise funds from investors ...
NetEase, Baidu, Meituan hurt Hong Kong stocks as focus shifts to Fed chair’s speech
The Hang Seng Index fell 0.7 per cent to 17,519.13 as of 10.16am local time, jeopardising the chances of a third consecutive weekly gain. The Tech Index retreated 1.9 per cent and the Shanghai ...
5 shopping hits in Hong Kong this weekend, August 23-25, from make-up to upcycled swimwear
In need of hiking gear for a rough trek? How about resort wear made from upcycled plastic (yes, really)? Or maybe some Asian fashion with a contemporary twist? We know where to go this weekend.
Hong Kong banks vow to ease loans in HKMA’s task force to help borrowers, small businesses
Nearly a dozen of Hong Kong's banks have pledged to provide fair and quicker access to loans, as they heed the call by the city's de facto central bank to cut red tape and provide funding help to ...
BOC HONG KONG: No Change in Risk Appetite, Credit Policy Towards SMEs
Sun Yu, Vice Chairman and Chief Executive of BOC HONG KONG (02388.HK), said that SMEs are vital to Hong Kong's society and economy. For BOC HONG KONG, supporting SMEs is not only its duty but also its ...
Bank of China (Hong Kong)
The mortgage lenders are among the 11 members of the HKMA’s Task Force on SME Lending, which Yuen chairs along with Luanne Lim, the chairwoman of the Hong Kong Association of Banks (HKAB). HSBC, ...
Alibaba is upgrading its Hong Kong listing to primary, and that could potentially unlock billions in new investment
Chinese e-commerce giant Alibaba Group is upgrading its shares in Hong Kong to a primary listing, following through on a plan first proposed a little over two years ago and potentially allowing the ...
11 Hong Kong banks pledge quicker credit in HKMA’s task force to help small businesses
HSBC, Standard Chartered, BOCHK, Bank of East Asia, Hang Seng Bank and ICBC Asia promise to approve mortgage loans within two weeks Eleven of Hong Kong's banks have pledged to provide fair and ...