The debt crisis at Redsun Properties is going from bad to worse as it has missed payments on several offshore bonds since mid-2022 as China’s housing market struggles to overcome a three-year slump.
Exclusive: HSBC to improve ties with Hong Kong unit Hang Seng to mitigate risk
HSBC plans to tighten risk management at Hong Kong unit Hang Seng Bank due to worries about a potential rise in bad loans amid growing economic headwinds and property sector crisis in China, said two ...
Hong Kong’s ‘Chubby Hearts’ art installation organiser says it hopes project will spread message of love in city and enhance space
Anya Hindmarch-designed giant heart-shaped balloons will float in Central’s Statue Square Gardens and elsewhere from Valentine’s Day until February 24.
Hong Kong residents, businesses slowly waking up to Greater Bay Area’s potential – but more needs to be done, say experts and politicians
More Hongkongers are visiting, working, living across the border as Beijing blueprint for region takes shape Anti-government protests in 2019, Covid-19 pandemic among reasons city did not take full ...
Hong Kong should step up explaining security law to foreign firms and convince them to use city as base for Greater Bay Area expansion, CY Leung says
Leung says the draft legislation for Article 23 is comparable with countries such as Singapore, which recently acted against a Hong Kong-born citizen under a law to counter foreign interference Former ...
Hong Kong’s SFC warns jailed Macau ‘junket king’ Alvin Chau’s former firms over Russia deal
The SFC warned it may delist two companies formerly headed by Alvin Chau because of concerns about a US$116 million sale of assets in Russia.
Your chance to represent Hong Kong Asia’s Premier Business Hub
As a leading international financial centre, Hong Kong is a premier business hub for companies expanding business in Asia and tapping into fast-growing opportunities in the Guangdong-Hong Kong-Macau ...
Standard Chartered needs drastic action, not diplomatic polish
Higher dividends — the bank yields less than 3 per cent — and more share buybacks would help. But with current common equity tier one capital ratio in the middle of its targeted range of 13-14 per ...
Hong Kong stocks erase losses as Tencent, Alibaba, Galaxy set Year of the Dragon trading on winning course
Local stocks are eyeing a winning start to the Year of the Dragon as gains in Tencent, Alibaba and Galaxy overcome early jitters. Chinese firms suffer the brunt of deletions in MSCI’s latest review of ...
How Hong Kong independent bookstores are in flux amid closures – but it’s not all doom and gloom
Recent months have seen well-known independent bookstores close in Hong Kong after they were suspected of breaking various laws, but novel business models are seeing new ones emerge.
CEO of a $19 billion UK bank with business in Hong Kong since the Victorian age sees a ‘lack of confidence’ unraveling China’s economy
CEO of a $19 billion UK bank with business in Hong Kong since the Victorian age sees a ‘lack of confidence’ unraveling China’s economy ...
Hong Kong Lunar New Year bounce boosts restaurants, but 1 owner says he will close outlets because of gloomy economic outlook
On the first day of the Year of the Dragon, an estimated 44,000 revellers were drawn by the return of the annual Lunar New Year parade, lining the streets of Tsim Sha Tsui to enjoy the extravaganza of ...
Old Hong Kong has no future? Good, merge it with Shenzhen
The status of the city as an outpost of the imperial West, and as a wedge against mainland China after 1997, has come to an end. Its bright future is to be another Chinese city, but not just Someone ...
Hong Kong must be ready as global businesses continue to follow money trail to China
Readers discuss why pessimistic predictions about Hong Kong need not come to pass, and the city's enactment of its own national security law Feel strongly about these letters, or any other aspects of ...