Patience is what matters to Hong Kong billionaire Edwin Leong’s venture into residential development. And with a net worth of $4.4 billion, the founder and chairman of Tai Hung Fai Enterprise can ... ( read original story ...)
Hong Kong Exchanges Touts IPO Backlog After Record Annual Profit
Hong Kong’s stock-exchange operator reported a profit equivalent to $1.6 billion, up 8.8% from the prior year but slightly lower than analysts polled by FactSet had expected. ( read original story ...)
Hong Kong Curbs, Singapore Delays Easing: Virus Update
Hong Kong may see thousands of restaurants shut down as the city ramps up its eradication campaign with some of the world’s toughest Covid curbs. Cases continue to rise in China and Singapore delayed ... ( read original story ...)
Covid Curbs Threaten a Third of Hong Kong’s Bars and Restaurants
Thousands of bars and restaurants in Hong Kong may shut as some of the world’s toughest Covid restrictions, aimed at taming a record outbreak, deal a heavy blow to the once-vibrant city’s economy. ( read original story ...)
Hong Kong bourse operator’s annual net profit rises 9%
The Hong Kong stock exchange operator's 2021 net profit rose 9% but missed expectations, as China's regulatory crackdowns resulted in fewer listings and struggling markets hurt its investment income. ( read original story ...)
Hong Kong starts vaccine requirement for restaurants, stores
Hong Kong launched a vaccination requirement to enter shopping malls, restaurants and a host of other places on Thursday as it battles an expanding omicron outbreak and tries to overcome vaccine hesit ... ( read original story ...)
A Third of Hong Kong Eateries, Bars, to Close as Curbs Linger
Thousands of bars and restaurants in Hong Kong will shut as some of the world’s toughest Covid restrictions, aimed at taming a record outbreak, deal a heavy blow to the once-vibrant city’s economy. ( read original story ...)
Engineering Professor Debuts On Hong Kong’s 50 Richest After His AI Startup’s Red-Hot IPO
The growing appetite for AI stocks fueled the successful market debut of Shanghai-based smart-tech pioneer SenseTime and earned cofounder Tang Xiao’ou a $6 billion fortune. ( read original story ...)
Hong Kong Billionaire Richard Li’s Wealth Rises As His Asian Insurer FWD Mulls IPO
On the plate of Richard Li, the 55-year-old son of billionaire Li Ka Shing, there’s a major piece of unfinished business from 2021: listing regional life insurer FWD. ( read original story ...)
Hong Kong’s 50 Richest 2022: Collective Wealth Down Just A Tad Despite Uncertainties, Li Ka-Shing Retains Top Spot
Hong Kong’s economy revived with a 6.4% rise in 2021, but strict measures to fight the pandemic impacted the benchmark Hang Seng Index. Under such mixed circumstances, the combined wealth of the ... ( read original story ...)
Hong Kong budget sweeteners help, but city’s prolonged isolation from ‘zero-infection’ strategy a threat to growth, economists warn
Economists signal a tough ride in first half of the year, including an uncertain jobs outlook Business chambers welcome moves to support fight against Covid-19, prepare for post-pandemic growth Hong ... ( read original story ...)
Can’t pay the rent? Hong Kong’s stricken SMEs get respite with measure to stop landlords chasing after arrears
Legislative Council to pass law barring landlords from taking action against tenants who owe rent Financial Secretary Paul Chan hopes businesses, landlords can work together through tough times Hong ... ( read original story ...)
Virtual Lenders Shake Up Hong Kong’s Banking Industry
There are some signs that is happening. Winston Yung, a managing partner at McKinsey & Co. in Hong Kong, pointed to traditional banks’ ongoing efforts to keep up with the innovations of their digital ... ( read original story ...)
Hong Kong’s Covid Budget; HSBC Bankers Grounded: Virus Update
Sanofi and GlaxoSmithKline Plc, which stumbled in the race to develop a Covid-19 shot, found their vaccine protects against severe disease and hospitalization and will submit data to regulators for ... ( read original story ...)