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Category: BUSINESS

Posted on 25/08/2022

Hong Kong postage increase: local letters weighing 30 grams or less to cost 10 per cent more next month

Postage for airmail letters weighing 20 grams or less to mainland China and Taiwan to increase by 30 HK cents Rates adjusted to offset rising operating costs, says Hongkong Post spokesman Hong Kong ... ( read original story ...)

Posted on 25/08/2022

Insurer AIA’s new business value drops 13% in first half

AIA Group Ltd on Thursday posted a 13 per cent drop in new business value in the first half of 2022, as COVID-19 lockdowns in the Asia-focused insurer's main markets of China and Hong Kong weighed ... ( read original story ...)

Posted on 25/08/2022

Meet the CEO of Finblox, a Hong Kong-based crypto lender serving a region with some of the highest fintech adoption in the world

Peter Hoang is a YC alum who has raised $4 million for his crypto-investment firm Finblox, which has become one of Southeast Asia's rising stars. ( read original story ...)

Posted on 24/08/2022

New border channel to help Hong Kong students heading to mainland China for school has nearly 400 applicants

The special quota is aimed at easing travel to the mainland for the start of the academic year, after 1,000 frustrated students asked for help. ( read original story ...)

Posted on 24/08/2022

Hong Kong stocks end at over five-month low on China slowdown worries

The start-up board ChiNext Composite index dropped 3.6%, while Shanghai’s tech-focused STAR50 index fell 3.5%. ** In Hong Kong, the benchmark Hang Seng Index ended 1.2% lower at 19,268.7, its lowest ... ( read original story ...)

Posted on 24/08/2022

Xpeng Taps New Low in Hong Kong as EV Maker Says Third-Quarter Deliveries May Sink Up to 16%

(Yicai Global) Aug. 24 -- Xpeng’s Hong Kong-traded shares plunged as much as 14.2 percent today after the Chinese electric car startup said it expects third-quarter shipments to tumble up to 16 ... ( read original story ...)

Posted on 24/08/2022

Hong Kong social enterprise ReStore launches new candle range

The social enterprise supports people coming out of sexual exploitation to reclaim a life of independence and freedom by providing them with an alternative career path. The proceeds from the sale of ... ( read original story ...)

Posted on 24/08/2022

Nearly 400 Hong Kong students register for new border channel aimed at easing travel to mainland China for start of school year

Education minister had announced scheme a day earlier, aimed at easing travel for students so they can arrive on time for new school year in mainland China. ( read original story ...)

Posted on 24/08/2022

South Korean firms in Hong Kong want ‘free and open’ business climate, as Seoul marks 30 years of ties with China

South Korean businesses in Hong Kong need normalisation of land transport routes with Guangdong province, the Korean consul general says Hong Kong's strength lies in its 'free, open and competitive ... ( read original story ...)

Posted on 24/08/2022

Hong Kong co-living operators endure Covid-19 hit, invest in capacity while awaiting open borders, end of quarantine

Rents for co-living units have declined by as much as a quarter over the last three years, with occupancy rates stuck at 60 per cent since last year, analysts say Operators remain optimistic about the ... ( read original story ...)

Posted on 23/08/2022

EXCLUSIVE Allianz in talks with banks for China asset management venture -sources

Allianz SE is in talks with Chinese banks to set up a majority-owned asset management venture in the world's second-largest economy, two people with direct knowledge of the matter said, aiming to tap ... ( read original story ...)

Posted on 23/08/2022

Allianz in talks with banks for China asset management venture -sources

HONG KONG  - Allianz SE is in talks with Chinese banks to set up a majority-owned asset management venture in the world's second-largest economy, two people with direct knowledge of the ... ( read original story ...)

Posted on 23/08/2022

Tencent-backed startup seeks pre-IPO funds at 10 billion yuan value

YONGHUI Fresh Food, the fast-growing grocery supply affiliate of 1 of China’s biggest retail conglomerates, is seeking to raise about US$200 million ahead of a Hong Kong initial public offering (IPO) ... ( read original story ...)

Posted on 23/08/2022

Hong Kong’s Jimmy Lai to plead not guilty in national security case

Hong Kong media tycoon Jimmy Lai is set to plead not guilty and stand trial under the city's severe national security law, Hong Kong Free Press (HKFP) reported ... ( read original story ...)

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