Wu Xiangdong, a Chinese liquor mogul once known for his savvy advertising tactics, has added another $3 billion to his fortune as his ZJLD Group raised HK$5.3 billion ($676 million) in one of the ...
Why are the US and China fighting over chips?
HONG KONG - The United States has moved to block China's access to the most advanced semiconductors and the equipment and talent needed to make them in recent months, citing national security.
China’s stock markets frustrate European funds as performance sags, while funds in Hong Kong worry over policy missteps
Returns from the onshore and Hong Kong stock markets are in disconnect with the economic recovery momentum. Bank of America disclosed key issues concerning its buy-side clients in Europe and Hong Kong ...
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 ...
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 ...
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.
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 ...
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.
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.
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 ...
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 ...
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.
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 ...
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 ...