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Category: BUSINESS

Posted on 15/08/2023

Testing Hong Kong’s stressed property market

But Li’s family seems determined to stress test Hong Kong’s property market. Its unconventional moves are causing unease among other developers and homeowners. Last week, CK Asset stirred up a local ...

Posted on 15/08/2023

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

Most members of the Hang Seng Index decline after China credit growth and loans fall short and Country Garden’s woes deepen, with more bad economic news expected on Tuesday.

Posted on 14/08/2023

“Think Business, Think Hong Kong” Coming to Paris

The Hong Kong Trade Development Council (HKTDC) will take its mega promotion campaign, Think Business, Think Hong Kong, to Paris on 19 September. The full-day symposium, set to take ...

Posted on 14/08/2023

Hong Kong, China stocks extend losses; Country Garden drops 17% to new record low

Asia-Pacific markets largely fell on Monday, led by Hong Kong’s Hang Seng index. The index tumbled more than 2%, dragged by basic materials and consumer cyclical stocks. However, the real estate ...

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 ...

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