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Category: BUSINESS

Posted on 04/05/2023

International Healthcare Week returns to showcase Hong Kong’s strengths in healthcare innovation and investment

The Business of Healthcare Advisory Zone will feature biotechnology and healthcare start-ups. Investors and industry experts ... organised by the HKTDC and co-organised by the Hong Kong Medical and ...

Posted on 04/05/2023

Hong Kong stocks jump from 1-week low as Fed hints at rate pause while mainland markets reopen to strong holiday data

Stocks climb from a one-week low as Hong Kong property developers advance on possible end to higher borrowing costs. Markets in the mainland strengthen as trading resumes after a three-day break.

Posted on 04/05/2023

HKMA buys HK$4.7 billion from market as currency hits weak end of trading band

Hong Kong's de-facto central bank bought HK$4.671 billion ($595.12 million) from the market in New York trading hours to stop the local currency weakening and breaking its peg to the U.S. dollar. The ...

Posted on 04/05/2023

Ropes & Gray abandons Hong Kong restructuring practice as leader departs

U.S. law firm Ropes & Gray is shutting down its business restructuring practice in Hong Kong, with its Asia restructuring group leader Daniel Anderson taking his practice to Freshfields Bruckhaus ...

Posted on 03/05/2023

Tencent-backed fintech start-up Airwallex’s first-quarter revenue gets a boost from revival in travel

Border reopening has allowed Hong Kong-based SMEs to expand their international operations, Airwallex general manager Arnold Chan says Airwallex's platform covers over 150 nations and handles US$50 ...

Posted on 03/05/2023

Hong Kong holds edge over Singapore as top business hub thanks to availability of talent and ample supply of office space: research

A study rating perennial rivals Hong Kong and Singapore as business hubs gives the overall edge to Hong Kong thanks to factors such as its financial prowess and talent pool, while pointing out ...

Posted on 03/05/2023

Hong Kong holds edge over Singapore as business hub amid talent war, as narrower office-rent gap tightens race: research

CBRE report gives the overall edge to Hong Kong thanks to factors such as its financial prowess and talent pool Singapore maintains an advantage in technology, as well as ESG initiatives and green ...

Posted on 03/05/2023

Zonos and Floship Collaborate to Bring Cross-border Technologies and Services to Ecommerce Merchants

Floship and Zonos announced today that they have partnered to provide the logistics industry's most comprehensive ecommerce fulfillment solution that incorporates the presentation, payment, and ...

Posted on 03/05/2023

Zonos and Floship Collaborate to Bring Cross-border Technologies and Services to Ecommerce Retailers

Floship and Zonos announced today that they have partnered to provide the logistics industry’s most comprehensive ecommerce fulfillment solution that incorporates the presentation, payment, and ...

Posted on 03/05/2023

Hong Kong restaurants buoyed by 30 per cent growth over holiday weekend

Operators enjoy stronger-than-expected figures compared with same period last month as mainland Chinese tourists flock to city during holiday.

Posted on 03/05/2023

Hong Kong tax revenue drops HK$18.3 billion to HK$360.2 billion in 2022-23; decline in property and stock market activity blamed

Hong Kong’s tax revenue dropped by HK$18.3 billion (US$2.3 billion) to HK$360.2 billion in the last financial year, with the drop blamed on a dampened mood in the property and stock markets which ...

Posted on 02/05/2023

Hong Kong reports Q1 GDP growth after 2022 contraction

Hong Kong's economy grew in the first quarter of 2023, the city's leader said Tuesday, ending a disastrous year-long spell in which the finance hub was effectively closed for business due to pandemic ...

Posted on 02/05/2023

HSBC, DBS, China Citic, other banks offer range of incentives in Hong Kong to entice mainland business during first post-Covid ‘golden week’ holiday

HSBC, DBS, and China Citic Bank International are among the city’s major lenders that have offered a wide range of incentives including extended operating hours at certain branches, with an eye on the ...

Posted on 02/05/2023

Hong Kong economy grows 2.7% in Q1 after disastrous 2022

It ends a year-long spell in which the finance hub was effectively closed for business over pandemic restrictions. Read more at straitstimes.com.

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