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Category: BUSINESS

Posted on 29/02/2024

Hong Kong finance chief offers budget to restore city’s fiscal health, look for new revenues and growth while axing property curbs in surprise move

Financial Secretary Paul Chan surprises market by going for a complete removal of all property cooling measures with immediate effect Chan also introduces a more targeted tax for the rich, in line ...

Posted on 28/02/2024

Hong Kong Property Market Stamps Duty Cuts Spark Recovery Optimism

Stocks of Hong Kong developers surged after Financial Secretary Paul Chan decided to abolish property cooling measures to revitalize the sector, which has been burdened by elevated borrowing costs and ...

Posted on 28/02/2024

Paul Chan says Hong Kong will improve tax breaks, step up charm offensive to attract more foreign funds and family offices

Hong Kong will enhance several measures aimed at attracting foreign funds and family offices, and host more financial conferences to improve the city’s ‘branding’ and economic appeal, Financial ...

Posted on 28/02/2024

Concerns of media censorship mount as Hong Kong moves to enact new national security law

Hong Kong is poised to enact a new national security law, four years after Beijing imposed a similar law that stifled pro-democracy media. Concerns are rising among the international business and ...

Posted on 28/02/2024

Hong Kong’s plan for a new national security law deepens fears over eroding civil liberties

As Hong Kong moves toward enacting a new national security law, more than three years after Beijing imposed a similar law that all but wiped out dissent and vocal pro-democracy media in the ...

Posted on 28/02/2024

3D fashiontech startup Bandicoot Imaging Sciences banks $1 million pre-Seed round

The round was led by Hong Kong VC qonvolv Ventures with Precision Textiles and Mou Fung, plus existing backer NewSouth Innovations.

Posted on 28/02/2024

Hong Kong scraps property tightening measures to aid economic recovery

HONG KONG, Feb 28 (Reuters) - Hong Kong's financial secretary on ... reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to ...

Posted on 28/02/2024

Hong Kong’s grade A office rents to fall further, with mainland China demand below pre-pandemic levels, new supply coming online, analysts say

Hong Kong’s grade A office rents will decline by another 5 per ... the vacancy rate to remain relatively high at about 10 per cent for offices in the prime business district, known as Central,” S&P ...

Posted on 28/02/2024

Hong Kong under pressure to ease property curbs ahead of budget reveal

In Hong Kong, property curbs have been in place for over a decade to stop speculation. Business and political groups are now calling for the cooling measures to be scrapped, ahead of the city's budget ...

Posted on 28/02/2024

FirstFT: McKinsey website touted its consulting for Chinese government ministries

McKinsey claimed in marketing materials that it had advised ... G20: Finance ministers meet in São Paulo, Brazil to prepare for the annual presidential summit in November. Hong Kong: Financial ...

Posted on 28/02/2024

AGBA Group is Positioned For Hong Kong’s Rebounding Macro Environment with Business Refinements and Growth Strategies

The year 2023 posed significant macro-economic challenges for Hong Kong and China, particularly in relation to the Chinese real estate and financial markets. As an open economy heavily reliant on ...

Posted on 27/02/2024

Hong Kong Stocks: Nio Lends Technology to British Startup Forseven, Shares Rise

In major news on Hong Kong stocks, Chinese electric vehicle (EV) maker Nio Inc. (HK:9866) (NYSE:NIO) is lending its technology and know-how to ...

Posted on 27/02/2024

China’s Zhida weighing HK$1 billion Hong Kong IPO this year

SHANGHAI Zhida Technology Development, a maker of electric-vehicle (EV) charging systems, is considering an initial public offering (IPO) in Hong Kong that could raise about HK$1 billion (S$172 ...

Posted on 27/02/2024

International Women’s Day: Hong Kong-listed firms see notable rise of gender diversity on boards but advocates say more can be done

Hong Kong-listed firms have seen a notable rise of female representation on boards driven by regulation, but they still lag regional peers when it comes to women in key executive roles, according to ...

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