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Posted on 02/07/2024

HSBC curbs hiring, reins in banker travel in cost-cutting push

HSBC is slowing down hiring and asking investment bankers to rein in their travel and entertainment expenses as outgoing Chief Executive Officer Noel Quinn looks to curb costs at Europe’s largest ...

Posted on 02/07/2024

Hong Kong flags retail challenges as May sales slump 11.5% y/y

Hong Kong's May retail sales fell 11.5% from a year earlier, government data showed on Tuesday, reflecting a surge in outbound trips, strength in local currency and a high base of comparison for ...

Posted on 02/07/2024

Hong Kong draws US$4.9 billion in FDI in 2024 with Chinese, US firms leading: InvestHK

Macallan, Geodis, Biren Technology and Uisee are among the 322 companies that set up or enhanced their businesses in Hong Kong in the first half, a 43 per cent year on year jump, InvestHK says.

Posted on 02/07/2024

Analysis-Hong Kong commercial law hub allure damaged by foreign judges row, lawyers say

The resignations of two British judges from China-ruled Hong Kong's highest court not only raise concerns about the rule of law, some lawyers and experts say, but will further undermine confidence in ...

Posted on 02/07/2024

Hong Kong IPOs: PwC cuts 2024 fundraising prediction by 20% to US$10.2 billion

About 80 companies could list in Hong Kong this year, raising a total of HK$80 billion (US$10.2 billion), much lower than the HK$100 billion previously anticipated, PwC says.

Posted on 02/07/2024

Despite Record-Breaking ‘Walled In,’ Hong Kong Box Office Takes First Half Tumble – Global Bulletin

Walled In" earned an all-time record-breaking HK$105 million ($13.5 million) at the Hong Kong box office. But it was not enough to keep the territory's theatrical business on a recovery track. Data ...

Posted on 02/07/2024

Hong Kong retail sales drop 11.5% in May, marking second straight monthly double-digit fall

Government spokesman attributes poor performance to changes in consumption patterns of visitors and residents.

Posted on 02/07/2024

Hong Kong police stop and search several people near scene of 2021 knife attack on officer

Hong Kong police have stopped and searched several people, including a dentist earlier arrested for alleged sedition, after they briefly stood in silence on a busy street near the spot where an ...

Posted on 02/07/2024

This Man Promised $10K To A Complete Stranger If She Quit Her Job To Start Her Business – Here’s What Happened

The video, titled "I Helped A Stranger Start Their Dream Business," opens with Squibb approaching a stranger on the street. He asks if she'd be interested in $10,000, but with one big catch: she'd ...

Posted on 02/07/2024

10 Start-ups Awarded in HK Tech 300 Southeast Asia Start-up Competition Fostering Innovation & Entrepreneurship

City University of Hong Kong (CityUHK) held the Award Ceremony for its HK Tech 300 Southeast Asia Start-up Competition (HK Tech 300 SEA Competition) on 27 ...

Posted on 02/07/2024

Hong Kong commercial law hub allure damaged by foreign judges row, lawyers say

The resignations of two British judges from China-ruled Hong Kong's highest court not only raise concerns about the rule of law, some lawyers and experts say, but will further undermine confidence in ...

Posted on 02/07/2024

China charms Hong Kong with economic boosts, from pandas to visas

HONG KONG -- The Chinese government has served up a fresh batch of economic measures for Hong Kong, coinciding with Monday's 27th anniversary of the handover from Britain and prompting the city's top ...

Posted on 02/07/2024

Online demand for mainland travel permits surge as Hong Kong minority groups hail move

Hong Kong permanent residents with foreign passports can apply for Beijing’s new five-year multi-entry mainland China travel permit on July 10.

Posted on 02/07/2024

Firms from Middle East, Europe are eyeing Hong Kong IPO thanks to cross-border schemes: UBS

Many international companies are keen to float their shares in Hong Kong as the cross-border trading links with mainland China make the city the “ideal IPO market”, according to UBS. The Swiss bank’s ...

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