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Category: BUSINESS

Posted on 24/05/2024

Segantii to Shut as Insider Trading Charge Draws Redemptions

Simon Sadler’s hedge fund is shutting down and returning capital to investors after an insider trading charge in Hong Kong sparked concerns about a flood of redemptions, according to people familiar ...

Posted on 24/05/2024

New security law raises concerns amid decline in Hong Kong business sentiment

Hong Kong's Basic Law, the territory's constitution, required the government to enact domestic national security legislation. A previous attempt in 2003 failed after mass protests. Beijing cited the ...

Posted on 24/05/2024

Alibaba’s Hong Kong Shares Drop 5% on Report of $5 Billion Convertible Bond Offering

Alibaba's shares on the Hong Kong stock exchange fell over 5% after a report that the company is considering selling $5 billion in convertible bonds. Bloomberg reported that Alibaba could ...

Posted on 24/05/2024

Hong Kong Stocks: Xiaomi Beats Q1 Forecasts as Smartphone Sales Surge

In major news on Hong Kong stocks, Xiaomi Corporation (HK:1810) reported its Q1 results, beating forecasts as smartphone sales surged after a period of stagnant growth. In the first quarter, the ...

Posted on 23/05/2024

Hong Kong stocks slide as investors rattled by patchy earnings, hawkish US Fed minutes

Other key Asian markets also traded lower after the hawkish Fed minutes. Australia’s S&P/ASX 200 dropped 0.7 per cent and South Korea’s Kospi weakened 0.2 per cent. Japan’s Nikkei 225 added 0.6 per ...

Posted on 23/05/2024

Hong Kong is a gateway between Middle East and China, says Secretary for Justice

Speaking at a forum titled “Hong Kong - The Common Law Gateway for UAE Businesses to China and Beyond” held in Dubai ...

Posted on 23/05/2024

Jackie Chan to Tony Leung: 10 richest Hong Kong actors with massive net worths

Keen to know the richest Hong Kong celebrities? Let's take you through the top 10 richest Hong Kong actors who are worth millions.

Posted on 23/05/2024

Gate.io Ceases Operations in Hong Kong amid Tightening Crypto Regulations

Gate.io announced that it would cease operations of its Hong Kong-based Gate HK and it has officially withdrawn its license application.

Posted on 23/05/2024

How to unlock Hong Kong’s halal tourism potential

There have been efforts to bring Muslim tourists to Hong Kong for years, but a lack of focus has rendered these attempts largely ineffective. Rather than concentrate on halal eateries, the city should ...

Posted on 23/05/2024

Hong Kong justice minister Paul Lam touts city as ‘common law gateway’ in visits to Saudi Arabia, UAE

Hong Kong’s justice minister ended a five-day visit to Saudi Arabia and the United Arab Emirates (UAE) on Thursday, as the city seeks to enhance ties with the two Middle Eastern countries. Secretary ...

Posted on 23/05/2024

HSBC’s Silicon Valley Bank UK acquisition raises Hong Kong lender’s tech profile with clients, start-ups

HSBC arranged a three-day tailored programme in California last week for its Asian private bank clients to meet Silicon Valley start-ups and venture capitalists.

Posted on 23/05/2024

Hedge Funds’ Bullish Picks Mostly Win as Sohn Hong Kong Returns

The Sohn investment conference returns to Hong Kong on Thursday, with most of last year’s bullish pitches doing well. (Bloomberg) — The Sohn investment conference returns to Hong Kong on Thursday, ...

Posted on 22/05/2024

‘Lawful’ capital welcome in Hong Kong, treasury chief says amid Dubai prince Ali Al Maktoum’s plans to return for US$500 million family office opening

Treasury chief Christopher Hui says city adopted various policies and strategies to attract different institutions to establish family offices Maktoum's top aide in city reveals prince set to return ...

Posted on 22/05/2024

‘Little’ or mega events? Hong Kong must be more aggressive, ‘make noise’ on global stage in tourism drive, industry says

Analysts point to Singapore’s tie-up with Taylor Swift as good example of aggressive tactics, with international sports competitions also top of the wish list for some.

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