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Category: BUSINESS

Posted on 26/04/2023

Deloitte and SAP Launch Business Outlook Report to Support Hong Kong Companies to Tackle Evolving Challenges with Digital Technologies

Deloitte China and SAP Hong Kong today launched "Thriving in Hong Kong, a city of resilience and opportunities", a new business outlook report developed from ...

Posted on 25/04/2023

Hong Kong falls 2%, leading losses in Asia as investors await Big Tech earnings

Asia-Pacific markets are set for a mixed open, following a similar session on Wall Street as investors look ahead to Big Tech earnings later this week. Alphabet , Microsoft , Amazon and Meta are among ...

Posted on 25/04/2023

Dalian Wanda unit’s Hong Kong IPO application lapses for the third time, bonds come under further pressure

The deadline to list Zhuhai Wanda Commercial Management Group lapsed on Tuesday, the Hong Kong stock exchange said, putting parent Dalian Wanda Commercial’s bonds under further pressure.

Posted on 25/04/2023

Microsoft provides fasttrack for Hong Kong Startups with new data and AI offerings

April 17, 2023, Hong Kong – Microsoft today announced that it is expanding its benefits for members of the Microsoft for Startups Founders Hub with new data and AI offerings, providing Hong Kong ...

Posted on 25/04/2023

Hong Kong stocks slide to 4-week low as Alibaba, Tencent, HSBC pace losses while investors fret about valuations, recovery outlook

Stocks extend a drop to the lowest level since March 28 as investors fret about valuations. Corporate earnings have been a disappointment, suggesting the market has run ahead of recovery momentum.

Posted on 25/04/2023

Hong Kong’s office market outlook improves after vacancy rate fell for the first time in 10 months in March

Hong Kong’s grade A office vacancy rate fell 0.2 percentage points month on month in March – the first decline since May 2022. Rents also slipped slightly to HK$54.7 (US$6.96) per sq ft from HK$54.8.

Posted on 25/04/2023

High-profile competition for start-ups will drive innovation

So the news that the Alibaba Entrepreneurs Fund/ HSBC JUMPSTARTER 2023 Global Pitch Competition is now open for applications will definitely be music to their ears.   Alibaba Hong Kong Entrepreneurs ...

Posted on 24/04/2023

Why China’s luxury market is stronger than ever after Covid-19 pandemic

China's luxury sector shrank last year amid citywide lockdowns, but years of self-imposed isolation have given rise to a more sophisticated domestic market The big question for Hong Kong is how it can ...

Posted on 24/04/2023

Hong Kong stocks slide on sluggish corporate earnings recovery while HSBC suffers amid Ping An pressure

Stocks weaken as corporate earnings fail to catch up with the recovery in the Chinese economy. HSBC slips while healthcare-related firms shore up the Hang Seng Index.

Posted on 24/04/2023

Hong Kong’s dollar stress gets more fundamental

Hong Kong’s currency peg to the greenback is stuck between a rock and a hard place. The wide yield spread between U.S. government debt and the Asian hub’s equivalent has forced the monetary authority ...

Posted on 24/04/2023

Insurer Manulife wants to redomicile Hong Kong unit from Bermuda back to the city, to tap Greater Bay Area growth, CEO says

Manulife, which started its business in Hong Kong 126 years ago, also uses the city to oversee 13 markets with about 13 million customers in the region The Hong Kong government and the industry are ...

Posted on 22/04/2023

Struggling Hong Kong SMEs’ defaults surge six-fold to HK$2.46 billion on loans guaranteed by government in 2022

Most have been servicing interest so far, dread having to start repaying on principal sum borrowed Government urged to extend holiday for repaying principal sum, or 'default rate could rise ...

Posted on 22/04/2023

Is the present outbreak of flu serious and how can Hong Kong best shield itself from infection? The Post asks the experts

An influenza outbreak shows signs of worsening amid the Hong Kong flu season, which sparked an appeal to the public to get vaccinated against the disease. Health experts warn that Hongkongers’ ...

Posted on 22/04/2023

Hong Kong should solve labour shortage at airport so carriers can boost flight numbers, Thai envoy says

Consul General Chaturont Chaiyakam also says businesses in region have greater interest in Hong Kong after city turned focus on improving Asean ties.

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