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Category: BUSINESS

Posted on 14/08/2023

Hong Kong stocks continue slide as more disappointing economic data and property crisis weigh on sentiment

All 80 members of the Hang Seng Index decline after China credit growth and loans fall short, with more bad economic news expected on Tuesday.

Posted on 14/08/2023

L’Occitane share price soars as billionaire owner mulls deal to take business private

Luxury French skincare brand L'occitane saw its share price jump 8.82 per cent this morning on the Hong Kong Stock Exchange following news its billionaire owner was mulling plans to take the business ...

Posted on 13/08/2023

Hongkong Land Denies Plan to Sell Three Exchange Square Tower

Hongkong Land Holdings Ltd. said it has no plans to sell Three Exchange Square, a tower in Hong Kong’s Central district, following a media report that it was exploring a sale. “The market ...

Posted on 13/08/2023

Wanted Hong Kong activist’s parents ‘harassed, intimidated’

HONG KONG: Hong Kong pro-democracy activist Anna Kwok said Wednesday (Aug 9) that her parents were "questioned, harassed and intimidated" by authorities, weeks after officials accused her and ...

Posted on 13/08/2023

Summer slump bites hard for Hong Kong’s restaurants, as residents head across the border and mainland Chinese tourists cut back

Slow period exacerbated by residents crossing the border for a bargain and mainland Chinese tourists spending less, industry representatives say Some operators report up to 50 per cent drop in ...

Posted on 13/08/2023

Hong Kong to launch night bazaars, organise more conferences and exhibitions to drive economic recovery, finance chief Paul Chan says

Financial Secretary Paul Chan calls for improved competitiveness in tourism sector after government narrows full-year economic growth forecast.

Posted on 12/08/2023

Overexposed: Hong Kong enthusiasts risk arrest to photograph naked models in public places for thrills and followers

But on weekends, she disrobes to be photographed naked in public places, including in broad daylight. The photographer she poses for is her boyfriend, finance sector employee Wesley Cheung*. Kwok ...

Posted on 12/08/2023

Hong Kong innovation chief says US investment ban on Chinese tech will bring ‘short-term difficulty’ to city’s talent drive, financing for local firms

Sun Dong however urges faith in city's development ambitions, stressing move won't change global development pattern of 'rise of the East and decline of the West' He vows to counter US measures by ...

Posted on 12/08/2023

Hong Kong stocks head for second weekly loss on China property woes and slowdown concerns; Country Garden set to turn into penny stock

Chinese developers drag Hang Seng Index lower after Country Garden forecasts first-half loss of as much as US$7.6 billion. The Foshan-based home builder in on course to close below HK$1 for the first ...

Posted on 11/08/2023

Deflated Tom Group Mired In Losses 23 Years After Splashy Debut

Tom Group returned to the red in the first half of this year, after posting its first annual profit last year since 2018 •     The company earns most of its revenue from a Taiwan publishing unit, and ...

Posted on 11/08/2023

Hong Kong government calls US investment ban on Chinese tech ‘unreasonable’, but experts divided over effect on city’s start-ups

US President Joe Biden orders restriction on American investment in Chinese technology across three areas While ban applies to Hong Kong, most local start-ups are not operating in targeted areas, but ...

Posted on 10/08/2023

Silencing retailers? Hong Kong environmental authorities’ proposed ban on loudspeakers has hawkers worried

Retailers competing for business turn up volume to attract customers and cause noise pollution, environment protection officer says Proposed ban would not cover news on outdoor screens, food trucks ...

Posted on 10/08/2023

Hong Kong tutoring company Brilliant Education sued for HK$1.88 million over unpaid rent at branch, as financial woes mount

Link Properties accuses tutoring centre chain Brilliant Education of defaulting on rent and surcharge payments for up to six months at its Ho Man Tin branch Private tutoring company abruptly closed ...

Posted on 10/08/2023

Hong Kong’s retail sector revive: top landlords see positive signs from shop tenants, while office market lags

Swire Properties says retail sales at some shopping centres are back at pre-pandemic levels, while Hysan Development reports rising tenant revenue However, the office market is lagging as high vacancy ...

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