Beijing-headquartered biotech firm BeiGene, which had about $175 million in deposits at SVB was the worst hit among the Hong Kong-listed companies.
Over a dozen Chinese-based firms say they have minimal exposure to SVB
Over a dozen Hong Kong-listed companies have stepped forward to say they had little or no exposure to Silicon Valley Bank, the failed U.S. lender which has roiled investors and markets globally.
UPDATE 1-Over a dozen Chinese-based firms say they have minimal exposure to SVB
Over a dozen Hong Kong-listed companies have stepped forward to say they had little or no exposure to Silicon Valley Bank, the failed U.S. lender which has roiled investors and markets globally.
Hong Kong’s revival as a global IPO hub faces challenges – and it will be no panacea for the economy
Both Shanghai and Shenzhen have become leading centres for IPO listings, while Switzerland's equity market has also emerged as an attractive option for Chinese companies As a leading international ...
Language barrier hinders Hong Kong startups setting up shop in Korea
Justin Suen Long-kiu's biotech company joined the K-Startup Grand Challenge (KSGC) accelerator program organized by the Korean government to explore markets outside his native Hong Kong. The program ...
Resorts World sees quick recovery for Hong Kong’s passenger cruise market as it eyes local, mainland tourists
Resorts World launched the maiden voyage of the 13-deck Resorts World One from its home port of Kai Tak Cruise Terminal in Hong Kong on Friday; The return of mainland Chinese tour ...
Snap happy: Hong Kong’s multimillion-dollar pre-wedding photo business clicks back into gear after big-day Covid delays
After Covid-19 played havoc with marriage plans, photographers across the city are back in business, big-style When Hong Kong celebrity couple Carlos Chan and Shiga Lin announced they would wed on ...
AIA looks past biggest profit slump in a decade, banking on Hong Kong’s reopened borders to lift insurance sales
AIA's 2022 net profit tumbled 96 per cent to US$282 million, or US$2.36 per share, missing analysts estimates Sales jumped in the first two months, as a million mainland Chinese travellers poured ...
Hong Kong cruises into future with arrival of Resorts World One with 150 calls from ships from 16 companies to come
Cruise ship to set off for inaugural tour from Hong Kong on Friday evening, with nearly 3,000 passengers and crew on board High airfares and limited capacity provide an opportunity for cruise sector ...
Hong Kong’s post-pandemic recovery trend is ‘encouraging’: MTR CEO
Hong Kong's railway ridership sees a 'fast recovery' as the city reopens boarder with Mainland China after three years of pandemic, says MTR CEO Jacob Kam.
Hong Kong Welcomes Back Visitors with its Largest Events Line-up Since Reopening
All eyes are on Hong Kong in March as the city hosts a line-up of mega events while ending pandemic restrictions.
Hong Kong’s property recovery is as chaotic as its reopening
As Hong Kong’s commercial landlords and real estate agents are finding out, a border reopening and the return of Chinese visitors do not necessarily spell a universal boom to the city.
What is Hong Kong’s allure for China’s tourists? Financial service, vaccines, healthcare make up for what luxury shopping once offered, McKinsey says
While 85 per cent of travellers polled by McKinsey & Co cited shopping and sightseeing as reasons for visiting Hong Kong, many added finance and healthcare to their lists Mainland China's visitors are ...
Hong Kong MTR Corporation’s profits rise to HK$9.8 billion for 2022, up 2.9 per cent, but Covid-19 fifth wave hammers recurrent business
Rail giant's recurrent business dealt a heavy blow by the pandemic, with profits down 91.3 per cent year on year to HK$157 million for 2022 CEO Jacob Kam sees light at the end of the tunnel in terms ...