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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
‘No price war’: Hong Kong developers brush aside fears of a property crash
Developer dismisses claims of price war as experts say seven-year-low prices for Kowloon flats are not a dire omen for the market.
Hong Kong MTR Corp’s recurrent business rebounds with rail giant posting HK$2.4 billion in profits, despite net falling 11.7 per cent to HK$4.2 billion
CEO Jacob Kam says corporation is cautiously optimistic about its business outlook He says domestic and cross-boundary rail services have reached 90 per cent of the pre-pandemic levels Hong Kong's MTR ...
Congress should summon HSBC executives over support for Hong Kong repression
The House Select Committee on the Chinese Communist Party should ask HSBC executives to testify over their support for China's repression in Hong Kong.
Earnings for Hong Kong’s Cathay Pacific soar to HK$4.3 billion in first half of 2023, with share buy-back from government on horizon
Hong Kong’s Cathay Pacific Airways has reported a net profit of HK$4.26 billion (US$546 million) for the first half of 2023, its first in three years as the carrier shrugs off the impact of the ...
EDBI-Backed Wealth Management Startup Raises $35 Million To Expand In Hong Kong
Singapore-based wealth management startup Endowus – backed by the city-state’s global investor EDBI – announced Wednesday it raised $35 million in a funding round joined by new investors Citi Ventures ...
The world’s biggest law firm is splitting off its business in China
Dentons, the world’s biggest law firm by number of employees, is distancing itself from its business in China in response to intensifying regulation in the country.
Cathay Pacific posts $550 mln first-half profit, to repay Hong Kong government
Hong Kong's Cathay Pacific Airways reported on Wednesday a profit of HK$4.3 billion ($550.23 million) for the first half of 2023, its best interim results in more than a decade and a turnaround from ...
Cathay Pacific Posts $550 Million First-Half Profit, to Repay Hong Kong Government
HONG KONG (Reuters) - Hong Kong's Cathay Pacific Airways reported on Wednesday a profit of HK$4.3 billion ($550.23 million) for the first half of 2023, its best interim results in more than a decade ...