China’s main equity gauge fluctuated between gains and losses on Wednesday morning, as traders waited for more signs of a return to normalcy in the country’s biggest commercial city, after Shanghai ... ( read original story ...)
Should Hong Kong raise its minimum wage and review it annually to keep up with inflation?
Concern groups call on authorities to increase amount to match rising inflation and cost of living as wage was left unchanged at HK$37.50 in 2021. ( read original story ...)
24 Fintech Founders And Investors Make Forbes’ 30 Under 30 Asia 2022 List
Forbes has released its annual 30 Under 30 Asia list, recognizing 300 young entrepreneurs, leaders and trailblazers in Asia Pacific (APAC), all under the age of 30, across 10 different categories. ( read original story ...)
Baidu-backed EV firm WM Motor applies to list in Hong Kong, may raise US$1 billion
Baidu-backed Chinese electric vehicle start-up WM Motor Holdings has applied to raise funds in a new listing in Hong Kong, according to a stock exchange filing, becoming the latest such carmaker to ... ( read original story ...)
More woes for Hong Kong’s struggling Jumbo Floating Restaurant as 30-metre kitchen barge capsizes
A kitchen barge connected to Hong Kong’s famed Jumbo Floating Restaurant capsized on Wednesday morning – barely two days after the eatery’s operator announced it was set to leave the city because of a ... ( read original story ...)
China’s EV maker WM Motor said to weigh US$1b Hong Kong IPO: sources
CHINESE electric vehicle manufacturer WM Motor Holdings is considering raising about US$1 billion in a Hong Kong initial public offering (IPO), according to people familiar with the matter. Read more ... ( read original story ...)
Shanghai reopening: tech stocks in Hong Kong are worth a punt as China passes short-term peak Covid-19 pain, Alpine Macro says
Chinese tech companies are likely trading at trough earnings with trough multiples, the research firm said in a report published on Tuesday The firm recommended a long position on the Hang Seng Tech ... ( read original story ...)
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Get the latest local business news delivered FREE to your inbox weekly. A woman wearing a face mask walks past a bank's electronic board showing the Hong Kong share index in Hong Kong, Wednesday, June ... ( read original story ...)
How did Hong Kong’s insurance industry fared in its first quarter?
The industry showed only flat growth across both long-term and general business. Hong Kong’s insurance industry only showed a mild increase of 0.5% of total gross premiums to $20.16b (HK$$158.2b) in ... ( read original story ...)
Hong Kong insurance market remains flat for first quarter
Hong Kong’s Insurance Authority (IA) has released its provisional statistics for the first quarter of 2022, with total gross premiums growing by 0.5% year on year to HK$158.2 billion (SG$27.6 billion) ... ( read original story ...)
Hong Kong property developers eye old buildings in prime spots as they hope government will ease compulsory-sale process
Developers look set to step up their use of the compulsory-sale process to acquire, demolish and redevelop ageing buildings, and they’re hoping the government will make it easier for them to do so. ( read original story ...)
Hong Kong’s next leader John Lee says city faces challenges opening China border
Hong Kong's next leader John Lee said the financial hub faces difficulties before it can reopen the border with mainland China, after returning from his first meeting with President Xi Jinping since ... ( read original story ...)
Hong Kong restaurants report smooth launch of latest vaccine pass stage, but some diners turned away for failing to meet requirement
Employees say they told regular customers in advance to update their vaccine pass status, but some elderly diners were turned away for failing to meet new requirement. ( read original story ...)
Hong Kong’s new electoral system must be upheld to safeguard national security, but universal suffrage pledge still valid, Carrie Lam says
Chief Executive Lam says city’s electoral system in the past was ‘not good enough’, partly to blame for difficulties in last two decades. ( read original story ...)