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Category: BUSINESS

Posted on 01/09/2024

Hong Kong’s Paul Chan calls for more trade with Australia beyond lobsters and wine

Financial Secretary Paul Chan to promote city’s emerging industries in his first official visit to Australia in six years.

Posted on 01/09/2024

Exclusive | How Hong Kong intends to hit AI computing power goal and supercharge its start-up fund

Hong Kong’s technology minister has revealed plans to build up the city’s artificial intelligence (AI) supercomputing power and roll out a more “aggressive” version of a venture capital fund to ...

Posted on 01/09/2024

Hong Kong: The premier destination for Cambodian family offices

Hong Kong has long been recognised as a premier destination for family offices, offering an unparalleled combination of professional services, strategic location and favourable tax policies.

Posted on 01/09/2024

Hong Kong electronics firm PC Partner eyes new home base, secondary listing in Singapore

Setting up a new headquarters in Singapore and a secondary listing in the city state form part of PC Partner’s expansion into Southeast Asia.

Posted on 31/08/2024

Tokenizing Real-World Assets: What Hong Kong’s New CBDC Means For Crypto

The answer is tokenizing real-world assets (RWAs). That’s what Hong Kong is doing with Project Ensemble, and it could become a template for how crypto adoption will transform industry after ...

Posted on 31/08/2024

Hong Kong Developer New World Expects First Loss in 20 Years

New World Development Co., Hong Kong’s most indebted major property developer, expects to post its first annual loss in two decades after writing down assets following an extended real estate slump.

Posted on 31/08/2024

Hong Kong’s Cathay Pacific to buy back HK$1.53 billion in warrants issued to government

Hong Kong flag carrier Cathay Pacific Airways has entered into an agreement to buy back over HK$1.53 billion (US$196 million) in warrants it issued to the government as part of a bailout package ...

Posted on 30/08/2024

Hong Kong year-on-year retail sales shrink again, by 11.8% in July, after summer exodus

Provisional figures from authorities record dip for fifth consecutive month, with roll-out of new e-commerce initiative aimed to limit decline.

Posted on 30/08/2024

Hong Kong’s Economic Woes Deepen: Earnings and Employment Under Strain

Hong Kong's economy faces significant challenges, with resident earnings and employment declining in the second quarter. Median incomes have dropped, businesses are cutting payrolls, and unemployment ...

Posted on 30/08/2024

Nomura plans to add bankers in Dubai, Hong Kong and Singapore

Nomura Holdings Inc plans to hire more wealth management bankers in Dubai, Hong Kong and Singapore - part of a huge push it is making to boost wealth assets outside of Japan to $35 billion by next ...

Posted on 30/08/2024

Hang Seng continues to back Hong Kong’s business community with new funding initiatives

Bank offers city’s small and medium-sized enterprises finance, innovation and sustainability to help them seize cross-boundary opportunities.

Posted on 30/08/2024

Foreign governments criticize Hong Kong’s convictions of journalists in sedition case

The convictions of two Hong Kong journalists who led a now-shuttered online news outlet have deepened concerns of media groups and foreign governments over the city’s press freedom ...

Posted on 30/08/2024

Viral F&B brands Bakehouse, Coa and Elephant Grounds have conquered Hong Kong … can they take China, too?

Bakehouse's egg tarts are already being resold in Lo Wu - can Hong Kong's F&B venues expand into China without losing their allure? On any given day of the week, a queue of hungry patrons can be seen ...

Posted on 29/08/2024

Hong Kong court convicts former editors of shuttered Stand News outlet of sedition

He said the city, which had historically prized itself as an Asian magnet for business and finance, appeared to have suffered a complete reversal of fortunes. "This is a Hong Kong that's fundamentally ...

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