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Category: BUSINESS

Posted on 04/09/2024

China’s Sanergy puts blame for Hong Kong stock meltdown on major investor’s forced stake sale

Sanergy Group’s 98 per cent stock-price crash was triggered when its largest shareholder, Otautahi Capital, was forced to sell part of its stake, the maker of graphite products says.

Posted on 04/09/2024

3 in 5 Aspiring Entrepreneurs in Asia Pacific Planning to Start a Small Business in the Next 18 Months – Herbalife Survey

Herbalife, a premier health and wellness company and community, today released findings from its Asia Pacific Business of Wellness Survey, which revealed that despite concerns about the current state ...

Posted on 04/09/2024

A Taste of Hong Kong: The Ultimate Getaway Awaits

There’s nowhere quite like Hong Kong. Whether you’re discovering its unrivalled bevy of culinary delights, exploring astonishing cultural experiences, both traditional and contemporary, or simply ...

Posted on 04/09/2024

SparkLabs closes $50M fund to back AI startups

SparkLabs -- an early-stage venture capital firm that has made a name for itself for backing OpenAI as well as a host of other AI startups such as Vectara, Allganize, Kneron, Anthropic, xAI, Glade (YC ...

Posted on 04/09/2024

LIV Golf Hong Kong to return in 2025, Riyadh, Adelaide, Singapore dates all confirmed

Hong Kong Golf Club will host team competition for a second year, with tournament scheduled for March 7 to 9, tickets on sale next month.

Posted on 04/09/2024

Five Things You Need to Know to Start Your Day: Europe

Good morning. The European carmakers are losing ground. And Hong Kong sends a gloomy signal to the global luxury sector. The UK halts some arms licenses to Israel. Here’s what people are talking about ...

Posted on 04/09/2024

Hong Kong Private Sector PMI Falls To 49.4 – S&P Global

The private sector in Hong Kong continued to contract in August, and at a faster pace, the latest survey from S&P Global revealed on ...

Posted on 03/09/2024

Owners of Hong Kong’s Connaught hotel slash sale price by 40% amid property downturn

The four-star hotel is among a slew of hotels and offices that have been put on the market at reduced prices by landlords and owners recently.

Posted on 03/09/2024

‘Golden era’ for Hong Kong retail is over as Chinese tourists continue to tighten their purse strings

Real estate analysts claimed that the shopping frenzy the city once experienced will not return “for a long, long time.” ...

Posted on 03/09/2024

Hong Kong billionaire appoints son CEO of family office amid succession uncertainty

Henry Cheng, one of Asia's richest men, has promoted his fourth child Christopher Cheng to the senior family office role.

Posted on 03/09/2024

Hong Kong – Severe Weather Trading On HKEX – Key Issues For Fund Managers.

On 18 June 2024, the Securities and Futures Commission (SFC) issued a circular on the updated arrangements concerning severe weather trading (SWT) on the Hong Kong securities and derivatives markets.

Posted on 03/09/2024

Hong Kong’s insurance premiums climb 5.1% YoY in H1 2024

Both long-term and general business recorded YoY growths. Hong Kong's insurance industry recorded a 5.1% year-on-year (YoY) increase in total gross premiums for the first half of 2024 (H1 2024), ...

Posted on 03/09/2024

Property crisis hits Hong Kong: New World Development reports $2.6 billion loss

Has China’s property crunch infected Hong Kong’s huge sector, or are the problems at Star Entertainment Group adding to the woes of a major business family in the former UK colony?

Posted on 03/09/2024

Hong Kong Billionaire Henry Cheng’s Family Office Names Son Christopher As Co-CEO

It reportedly has an asset under management of more than $100 billion, according to HOY TV, a Hong Kong broadcaster controlled by Henry. “I am glad that my work in various areas of the family’s business, including Chow Tai Fook Enterprises, has been ...

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